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Deloitte aims $5B revenue from India business by 2030: South Asia CEO

YourStory

YourStory · 11m ago

Deloitte aims $5B revenue from India business by 2030: South Asia CEO

Global accounting firm Deloitte aims to achieve $5 billion in revenue from its India business by 2030, a fourfold increase. The company's South Asia CEO, Romal Shetty, stated that they want to become the undisputed leader in professional services. Deloitte India's revenue reached approximately Rs 10,000 crore in the 2023-2024 fiscal year, marking a 30% growth. The company also aims for revenues of Rs 20,000 crore by 2027. Deloitte India contributed 10% to global revenue growth and 70% to the Asia Pacific region's growth. The firm's global revenue increased 3.6% to $67.2 billion in the fiscal year ending in May 2024.

Related News

Practo aims to double international revenue in 3 years, says CEO

VCCircle

VCCircle · 3m ago

Practo aims to double international revenue in 3 years, says CEO

Practo, an Indian healthcare platform, plans to double its international revenue within three years by expanding in developed markets. Currently, around 20% of its revenue comes from international markets, mainly through its hospital management software in regions like South East Asia, the Middle East, and Africa. Practo also aims to enhance its consumer-facing platform presence beyond India, particularly in Dubai, Sharjah, and Abu Dhabi, contributing to overall revenue growth, according to CEO Shashank ND.

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Economic Times

Economic Times · 1m ago

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.

Universal Music Group announces changes to India senior leadership team

Livemint

Livemint · 1y ago

Universal Music Group announces changes to India senior leadership team

Universal Music Group has made changes to its leadership team in India, promoting Sanujeet Bhujabal to the role of managing director of Universal Music India and South Asia. Bhujabal, who was previously the executive vice president of content, will report to Devraj Sanyal, chairman and CEO of Universal Music India & South Asia. Additionally, Viral Jani has been appointed as the chief revenue officer for Universal Music India and South Asia. With the rise of non-film songs in India, music labels are focusing on expanding their catalogues and reaching a wider audience.

Tim Cook Says Apple’s India Revenue Highest In Dec Quarter Pushed By Increased iPhone Sales

Inc42 · 1y ago

Tim Cook Says Apple’s India Revenue Highest In Dec Quarter Pushed By Increased iPhone Sales

Tech giant Apple reported its highest revenue from India in the December quarter, driven by increased iPhone sales and higher adoption by enterprises. The company's India business recorded revenue of INR 49.3K Cr (almost $6 Bn) in FY23, a 48% increase from the previous year. Apple CEO Tim Cook highlighted the strong double-digit growth in revenue from emerging markets, with India showing consistent growth throughout the year. Apple also achieved revenue records in several other countries and regions, including Europe and the rest of the Asia Pacific.

Ultraviolette enters Europe, eyes 35 pc of revenue from global exports by 2028

Economic Times

Economic Times · 2m ago

Ultraviolette enters Europe, eyes 35 pc of revenue from global exports by 2028

Ultraviolette, an electric motorcycle manufacturer, has entered the European market, aiming for up to 35% of revenue from exports by 2028. The company launched its flagship models, the F77 MACH 2 and F77 SuperStreet, in several European countries, including Germany and France. CEO Narayan Subramaniam highlighted Europe's motorcycling culture and the advantages of European certifications. Ultraviolette plans to expand further into South East Asia and Latin America, maintaining manufacturing in India.

India, Africa co-creating shared future built on trust, collaboration

Economic Times

Economic Times · 1d ago

India, Africa co-creating shared future built on trust, collaboration

India and Zimbabwe are poised to enhance South-South cooperation, leveraging partnerships to foster innovation and industrial growth. During the CII India-Africa Business Conclave, Zimbabwe's Vice President highlighted opportunities for collaboration in mining, agriculture, healthcare, ICT, and infrastructure, aligning with Zimbabwe's Vision 2030. India aims to support Africa's digital and energy transformation, promoting mutual trust and growth. The meeting hosted over 1,600 delegates, emphasizing deep-rooted historical ties and the potential for expanded trade and investment across various sectors.

Deeptech startup ALT CARBON raises $12 Mn in seed round

Entrackr

Entrackr · 3m ago

Deeptech startup ALT CARBON raises $12 Mn in seed round

Deeptech startup ALT CARBON has raised $12 million (about Rs 102.8 crore) in a seed funding round led by Lachy Groom along with participation from Shastra VC and other angel investors such as Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath, and Rahul Seth. The fresh funds will be allocated towards building new projects which enable carbon dioxide removal (CDR) across South Asia and spending on research and development. Founded by Shrey and Sparsh Agarwal in 2023, ALT CARBON helps farmers and scientists in utilizing dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR. With this round, the Bengaluru-based startup plans to improve its science, conduct advanced R&D, collect high-quality data, and create Machine Learning models that accelerate its operations. Its flagship project, the Darjeeling Revival Project (DRP), aims to revive degraded soils, restore livelihoods, and rebuild ecosystems in Darjeeling, India. ALT CARBON aims to remove 5 million metric tons of CO2 by 2030 and become a leader in CDR in South Asia. The startup collaborates with local agricultural communities and organizations like Frontier and Shopify. ERW not only removes CO2 but also improves soil health, potentially boosting crop yields and supporting local livelihoods.

Honeywell appoints Anant Maheshwari as President and CEO of its High Growth Region Portfolio

IndianStartupNews

IndianStartupNews · 2y ago

Honeywell appoints Anant Maheshwari as President and CEO of its High Growth Region Portfolio

Anant Maheshwari has been named President and CEO of Honeywell's High Growth Region Portfolio. In his new role, Maheshwari will oversee Honeywell's business operations in India, South East Asia, and Africa, focusing on driving growth and innovation across various sectors. This appointment reflects Honeywell's commitment to expanding its presence and impact in these high-potential regions.

Nykaa appoints ex-Myntra exec to strengthen its fashion vertical; incorporates new unit in GCC

YourStory

YourStory · 9m ago

Nykaa appoints ex-Myntra exec to strengthen its fashion vertical; incorporates new unit in GCC

FSN E-Commerce Ventures, the parent company of Nykaa, has appointed Abhijeet Dabas as the EVP and Business Head of fashion eCommerce. Dabas will be responsible for leading Nykaa Fashion's online growth strategy, expanding its global footprint, and building strategic partnerships. Prior to this, Dabas was CEO of South East Asia at Cars24 and VP of Business at Swiggy. Nykaa recently revealed its Q2 results, with its fashion vertical seeing limited growth due to seasonality. However, revenue increased by 22% mainly due to the success of its digital content platform, Little Black Book.

Humain planning $10B VC fund to invest in US, European and Asian startups | TechCrunch

TechCrunch · 3m ago

Humain planning $10B VC fund to invest in US, European and Asian startups | TechCrunch

Humain, a Saudi Arabian state-owned AI company, plans to launch a $10 billion venture fund to invest in startups across the U.S., Europe, and Asia. The company is in discussions with U.S. firms and exploring selling an equity stake in its data center business. Humain aims to process 7% of global AI training by 2030, partnering with companies like Nvidia, AMD, and Amazon, with plans to expand its data center capacity significantly by 2030.

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