Are Big Consulting Firm Losing Money in India

Big consulting firms making losses Madhukar ANAND PGP14/036 There ar most disturbing evidence that the that for all the advice McKinsey and other big centering consultancy firms have dished out, they ar themselves in need of well-nigh serious consultancy, insofar as their Indian trading operations are concerned. Data collected from the Registrar of Companies, or RoC, show that The Firm, as McKinsey is reverentially referred to, has been making steady losses in India since 2004-2005, but in 2006-07. It ended 2007-08 with a loss of Rs 2.26 crore, which was a people better than the figure in some of the earlier years. Accenture, which has been in India for two decades and considers the country one of its largest developing markets, has a remuneration and loss account that shows a net loss before tax of Rs 18.6 crore for the year ending March 31, 2007, which was an improvement everyplace the Rs 48.8 crore in the previous year. Bain & Company, which has grown from four consultants in 2006 to over a 100, made a loss of Rs 15.9 crore in 2007-08. Deloitte and capital of Massachusetts Consulting Group (BCG) are better placed, though their profits are measly â€" Rs 15 lakh in 2007-08 for Deloitte and Rs 5 lakh for BCG in 2006-07. In the earlier years, they, too, were in the red.   (How the Indian operations of global consultancies have performed) Financial year 2003-04 2004-05 2005-06 2006-07 2007-08 MCKINSEY Income 147.3 163.5 245.3 N.A N.A Profit/loss* -8.7 -23.9 -11.3 17.3 -2.

26 ACCENTURE           last(a) loss before   N.A -48.8 -18.6 N.A tax as per profit & loss           DELOITTE           Income (NA) 15.9 25.8 35.2 95.1 Profit/loss (NA) -0.0016 0.9 -0.35 0.15 BAIN & CO.           Income       35.1 59.2 (services present+other income)           Profit/loss       -0.518 -15.9 BCG           Income** NA 35.2 58.64 83.19 NA Profit/loss NA -3 2.02 0.05 N.A *Excess of revenues over expenses including... If you want to get a unspoiled essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper