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Indian CA firms becoming the Next Big 4? Partner at S R Dinodia & Co. brings up Indian Accounting history and shares why it takes time

CA Pallavi, Partner at S R Dinodia says, Indian CAs in the post-independence era focused on establishing their practices, so going global was not a priority. But now CAs are fuelled to take risks.

TheFinanceStory by TheFinanceStory
Published date: 21st July, 2022
Last edited date: 9th September, 2023
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Indian CA firms becoming the Next Big 4? Partner at S R Dinodia & Co. brings up Indian Accounting history and shares why it takes time
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  • Why isn’t there an Indian accounting firm that has scaled globally like the Big Four?
  • Indian Prime Minister Modi Ji wants four Indian accounting firms to be in the world’s Big 8.
  • Indian Chartered Accountants (CA) are on the right track to going global, and joint audits are the positive first step.
  • Pallavi Dinodia, Partner for International Tax and Transfer Pricing at S R Dinodia & Co., one of the oldest CA firms in India shares her thoughts.

TFS: Why doesn’t India have something like a Big Four? How long will it take for us to reach that position? 

Pallavi: Let us talk a little about Indian history.

If you look at the Big Four or Six, you will see that they have come from economies that are far more developed than ours.

Let’s put things in perspective; a lot of first-generation CAs emerged after the Institute of Chartered Accountants of India (ICAI) was established in 1949.

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