TFS Gulf 
- Yezdi Nagporewalla is back as KPMG India CEO for a second term.
- The reappointment was sealed at the Equity Partners Meet in Jaipur.
- His first term? Marked by industry disruption, partner exits, and the bold launch of Project Himalaya, KPMG’s global advisory integration with the US and UK firms, with India at the core.
A look at his first term
After spending over two decades climbing the ranks at KPMG India, Yezdi Nagporewalla became the CEO of KPMG India in February 2022.
His first term coincided with a period of deep transformation and growth in the consulting Industry in India.
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Tech advisory was booming, ESG was rising, and the Big 4 talent wars were heating up.
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KPMG was hit hard. Over 50 partners exited, many with entire teams.
Yezdi held ground, pushing forward with a long-term agenda.
Project Himalaya: A strategic milestone
The defining highlight of his leadership has been Project Himalaya.
In June 2025, Yezdi made an announcement internally that Project Himalaya was completed.
(KPMG’s US, UK, and India firms announced they were merging their advisory arms, combining consulting, risk, tech, and deal advisory. And India is the delivery headquarters.)
Let’s not forget the sale of KGS India
In April 2025, KPMG US and UK acquired India’s 33% stake in KGS (KPMG Global Services) for $210 million.
This marks a significant shift in ownership, and insiders speculate that KGS might later be integrated under Project Himalaya’s structure.
Big 4 in India: Revenue snapshot (FY24)
The Big 4 collectively earned ₹38,500–₹38,800 crore in FY24, and are projected to cross ₹45,000 crore in FY25…Driven by high demand for consulting and tech advisory services.
Their collective revenue is projected to exceed ₹45,000 crore in FY25.
| Firm | FY24 Revenue (₹ crore) | YoY Growth |
|---|---|---|
| EY | > 13,400 | 16–17% |
| Deloitte | 10,000 | 29% |
| PwC | 9,200 | 22% |
| KPMG | 5,900–6,200 | 5.5–10% |
What comes next?
Nagporewalla’s continued leadership aligns with a period of immense opportunity as well as complexity in India’s & Global professional services sector.
- Clients are demanding faster, more integrated, and tech-enabled solutions
- AI is commoditising consulting & traditional consulting models are being challenged by new-age, product-led, and boutique advisory firms.
- The Indian consulting sector is in growth mode, led by GCCs, MNC investments, and demand for digital transformation:
- And India’s role is shifting from a support function to a global advisory force
Yezdi’s second term? All eyes are on scaling Project Himalaya and cementing KPMG India’s global advisory role.
FAQs:
1. Who is Yezdi Nagporewalla?
Yezdi Nagporewalla is the current CEO of KPMG India, reappointed for a second term until 2027.
2. What is Project Himalaya at KPMG India?
Project Himalaya is an internal strategic initiative at KPMG India aimed at scaling up its advisory and consulting services. It will be an integration between KPMG India and its UK and US counterparts to create a seamless cross-border advisory model.
What KPMG India looks like today (2024–25)
- Revenue: ₹5,900–6,200 crore ($708M–$744M)
- Workforce: 40,000+ (FY2024)
- Presence: Offices in 14 Indian cities, including Mumbai, Delhi NCR (Gurugram, Noida), Bengaluru, Hyderabad, and Chennai
