Top 10 Most Successful Top CA Firms in India 2022
In India, chartered accounting (CA) is one of the most popular professions. This is a difficult job to break into, but you will be rewarded with a rewarding career path, high pay, and widespread recognition if you do. People respect chartered accountants for various reasons, including the fact that becoming one is not simple.
The road to becoming a CA is complex, and it is easily one of, if not the, most challenging professions. We like to keep our career advice as authentic and honest as possible. Therefore we had to start with the toughest realities of this field.
Let’s get started with this career guide if you consider yourself determined and dedicated.
What does it mean to be a chartered accountant?
The terms chartered accountancy and accountancy are interchangeable. The career entails overseeing a company’s finances. Managing financial accounts, budgeting, auditing, business planning, and taxation is part of this.
The difference between an accountant and a chartered accountant is that the latter has completed years of intensive training and passed many exams in various parts of accounting to obtain the title of a chartered accountant.
What is the role of a chartered accountant?
Chartered accountants are specialists who operate in various industries, managing an entity’s finances, offering financial advice, and assisting with money management. This could be for a company, an individual, or the government.
Why should you pursue a job as a chartered accountant?
The simple rationale for pursuing a career in chartered accounting is that it is a well-paying and stable field. Money is the lifeblood of the world, and every firm requires someone to manage their accounts, assist with tax filing, and conduct audits.
The possibilities for a career as a chartered accountant are limitless. Every company, regardless of industry, need financial management, and chartered accountants are the answer.
Scope of chartered accountancy
You can work as a CA in the following fields:
- Businesses and industries
- Chartered accountant firms
- Consultancy firms
- Institutions
- Capital market services
- Financial institutions
- Independent practice
In the industries indicated above, chartered accountants are constantly in great demand. You can work for a company or an organisation, assisting with accounting, finance, taxation, and auditing. You can also work on your own and provide your services to anyone who needs them.
Another source of employment is financial organisations, which are continuously on the hunt for qualified chartered accountants. Working for a consulting firm is another way to put your accounting skills to use. Consulting firms send chartered accoun
tants to consumers to help them achieve their short and long-term financial goals. A consultancy firm may be the appropriate option for you if you work for several clients.
Demand for chartered accountants
According to the Times of India, there was just 2.82 lakh CAs in India in April 2018, with only 1.25 lakh practising full-time. This means that only 44% of all CAs were actively employed. Given India’s 6.8 million taxpayers and the increasing number of firms that open each year, the demand for CAs is greater than ever.
As a result, now is the ideal time to jump on the CA bandwagon and pursue this very lucrative career. The number of job opportunities is enormous, and it’s just going to get bigger as more companies and enterprises pop up.
Why do companies need a CA firm’s advice?
A common misperception is that a chartered accountant’s job is limited to planning the organisation’s balance statements and filing tax filings. CA’s workload is significantly higher.
The cycle is incomplete without CA
Some people believe that the quality of a company’s product is the essential factor in its success; others believe marketing abilities are important, while others believe that after-sales assistance is crucial. However, many people overlook the importance of a financial specialist who assists the firm in achieving lucrative results.
• Chartered accountant firms in India provide valuable financial advice
• CA businesses in India audit accounts and deliver exact, reliable, and unquestionably essential reports.
• Taxation, auditing, legal accounting, corporate economics, company recovery, and insolvency are all activities that a CA can perform.
Every firm, regardless of size, requires a CA – All businesses, large or small, deserve the services of a financial expert they can trust.
• Chartered accountant firms in Mumbai design a model that best suits the corporation based on the company’s needs.
• They can ensure that the company’s financial processes and structure are efficient and support its operational efficiencies.
Maintaining records
• Keeping accurate records is not only a good business practice, but it is also a legal requirement, even if the company is small.
• The best-chartered accountants in Mumbai provide help and guidance to businesses.
• They can serve as a powerful tool for analysing and visualising the company’s economic condition in the past and future, in addition to making it legally compliant.
Their hand in auditing processes
• Audits are required for all entities, and while they are complicated and time-consuming, they must guarantee that the business remains compliant with all regulations.
• Good Chartered Accountant businesses collaborate with their clients to enhance their bookkeeping and risk management so that the year-end audit is free of surprises.
Laying out an effective business plan
With their strategic understanding and broad understanding of finance, top chartered accountant firms in India simplify businesses to develop new business plans or alter old ones to produce outstanding outcomes.
As the company grows and develops, more complexity, such as dealing with tax and business procedures. A Chartered Accountant deals with such issues by offering practical answers to the organisation.
The Top 10 Most Successful CA Firms in India in 2022 are listed below.
Are you looking for a reputable Top CA Firm in India? We’ve compiled a list of the Top Chartered Accountants Firms in India today, along with a full description. They make every effort to assist CA students and final pass-outs in identifying suitable CA firms after announcing their CA Finals and CA IPCC results.
Students start seeking for good CA firms to apply for articleships or jobs so that they can obtain a good start as Chartered Accountants.
There are various accounting businesses located in India that have offices both in India and abroad.
We also see foreign organisations with operations in India among the best and most well-known accounting firms in the world.
1. Deloitte
Deloitte Touche Tohmatsu Limited, or Deloitte, is a global professional services firm with offices in over 150 countries and territories. It is one of the Big 4 firms and the world’s largest professional services network by revenue and number of professionals, with headquarters in London, England.
Welch, William Deloitte was founded in 1845 in London and expanded to the United States in 1890. Deloitte Haskins & Sells was formed in 1972 when it merged with Haskins & Sells, while Deloitte & Touche was formed in 1989 when it merged with Touche Ross to become Deloitte & Touche. In 1993, Deloitte Touche Tohmatsu was renamed Deloitte Touche Tohmatsu, later reduced to Deloitte. In 2002, Arthur Andersen’s UK practice and other European, North American, and South American practised agreed to combine with Deloitte.
In January 2013, Monitor Group, a large strategic consulting firm, was bought as a follow-up acquisition. A network of independent legal entities supports the multinational firm, a limited-by-guarantee UK private corporation.
Deloitte provides audit, consulting, financial advising, risk advisory, tax, and legal services with over 334,800 experts worldwide. The network earned $50.2 billion in revenue in the fiscal year 2021. Deloitte will be the third-largest privately held corporation in the United States by 2020, according to Forbes. The company has supported various activities and events, including the 2012 Summer Olympic Games.
2. PWC
Under the PwC brand, PricewaterhouseCoopers is an international professional services network of organisations that operate as partnerships. After the announcement of their CA Finals and CA IPCC results, they make every effort to assist CA students and final pass-outs in selecting suitable CA firms.
Students begin looking for good CA firms to apply to for articleships or jobs to get a good start as Chartered Accountants.
There are a number of accounting firms in India that have offices both domestically and internationally. PWC also see international accounting firms operating in India among the greatest and most well-known in the world.
In 1998, two accounting firms, Coopers & Lybrand and Price Waterhouse merged to form the firm that exists today. Both companies had a long history stretching back to the nineteenth century. As part of a rebranding exercise, the trading name was shortened to PwC (stylised pwc) in September 2010.
The global network of firms is coordinated by PricewaterhouseCoopers International Limited, situated in London, England. It oversees the worldwide brand and establishes policies and programmes to ensure that risk, quality, and strategy are all addressed consistently and coordinated. It does not offer any services to customers.
PwC is the fourth-largest privately held firm in the United States as of 2021.
3. KPMG
KPMG International Limited (or KPMG) is a multinational professional services network based in the United Kingdom and the Netherlands and one of the Big Four accounting firms.
KPMG is a network of businesses in 145 countries with over 236,000 workers and three lines of service: financial audit, tax, and advising. It is headquartered in Amstelveen, Netherlands, although incorporated in the United Kingdom. Its tax and advising services are separated into different service groups. Various segments of the firm’s global network of affiliates have been embroiled in regulatory actions as well as lawsuits during the last decade.
“Klynveld Peat Marwick Goerdeler” is the abbreviation for “Klynveld Peat Marwick Goerdeler.” THE Acronym was chosen when KMG (Klynveld Main Goerdeler) combined with Peat Marwick in 1987.
According to CollegeGrad.com, KPMG was the favourite workplace among the Big Four accounting companies. According to Bloomberg Businessweek, it was also placed No. 4 on the “50 Best Places to Launch a Career” list in 2009.
KPMG employs around 11,000 people in the United Kingdom and 9,000 in mainland China and Hong Kong, according to reports from early 2012. By the end of 2013, KPMG’s global deputy chairman expected that China’s headcount would surpass the UK.
4. Ernst & Young (known as EY)
EY, or Ernst & Young Global Limited, is a multinational professional services network headquartered in London, England. It is one of the world’s leading professional services networks and one of the Big 4 accounting firms, Deloitte, KPMG, and PricewaterhouseCoopers. Its clients are generally served by assurance (including financial auditing), tax, consulting, and advice services. In recent years, EY, like many larger accounting firms, has expanded into sectors other than accounting, such as strategy, operations, HR, technology, and financial services consulting.
EY is a global network of member companies organised as separate legal entities in a partnership with 312,250 workers in over 700 offices in over 150 countries. In 1989, two accounting companies, Ernst & Whinney and Arthur Young & Co. merged to form the current partnership. It was known as Ernst & Young until 2013, when a rebranding drive officially changed the name to EY, despite the initialism being used informally before the regulatory adoption.
EY was the seventh-largest privately held company in the United States in 2019. For the past 21 years, EY has remained on Fortune magazine’s list of the 100 Best Companies to Work For, longer than any other accounting company.
EY has evolved its business model and broadened its range of services during the course of its operations. Over the previous ten years, EY has significantly changed its business strategy to provide a broader range of services. This is due mainly to increased rivalry in the existing professional services industry and competition in new areas such as investment banking and strategic consulting. According to the most recent publicly available information, the company’s four main service lines are as follows:
Financial Audit, Financial Accounting Advisory Services, CCaSS (Climate Change and Sustainability Services), and Forensic & Integrity Services are all included under Assurance.
Tax: Transfer Pricing, International Tax Services, Business Tax Compliance, People Advisory, Global Trade, Indirect Tax, Tax Accounting & Risk Advisory Services, Tax Technology and Transformation, Transaction Tax are all examples of tax services.
Consulting: Business Consulting and Technology Consulting are two sub-service lines of consulting.
Strategy and Transactions or SaT: Business Valuation and Economics, Due Diligence, Real Estate Advisory, M&A, Restructuring (financial and operational), and Corporate Finance Strategy are all areas of strategy and transactions that deal with a company’s capital transformation.
5. BDO International
Binder Dijker Otte, or BDO, is a global network of public accounting, tax, consulting, and business advice businesses. BDO is the world’s fifth-largest accounting network.
The network’s overall fee income for the year ended September 30, 2021, including the members of their exclusive alliances, was US$11.8 billion. Each BDO member firm is a legal entity in its own right in its nation. BDO Global Coordination B.V., based in Zaventem, Belgium, coordinates the network, created in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the United Kingdom, and the United States.
The organisation was given the name BDO in 1973, which was derived from the initials of the three original firms: Binder (UK), Dijker (Netherlands), and Otte (Germany) (Germany).
Fred Stoy launched the company in 1903 as Stoy and Co. In 1919, Stoy Hayward and Co. were formed when Jack Hayward joined the firm. BDO Stoy Hayward was formed in 1992 due to a series of mergers with Finnie and Co and the BDO Binder Hamlyn offices that did not join Arthur Andersen or Deloitte & Touche in 1994. In 2004, the company became a limited liability partnership.
In October 2009, Stoy Hayward’s name was discarded in favour of BDO’s global branding.
6. Grant Thornton International
Grant Thornton is a professional services network of independent accounting and consulting member firms that provide assurance, tax, and advisory services to private businesses, public interest and public sector entities. It is the world’s seventh-largest by revenue and sixth-largest by several employees. Grant Thornton Multinational Ltd. is a private corporation limited by guarantee that is a not-for-profit, non-practising international umbrella membership institution. Grant Thornton International Ltd. is a limited liability company based in London, England, with no shareholders.
Grant Thornton International Ltd. claims that its member firms operate in over 130 countries, employing around 56,000 people and generating a total global revenue of $5.76 billion.
7. RSM International
RSM International, sometimes known as RSM, is an international network of accounting companies that ranks as the world’s sixth-largest accountancy professional services network by sales. RSM’s member firms are independent accounting and advisory businesses that work independently but are unified as part of the network.
The network is not a distinct legal entity in any jurisdiction, and it does not provide services. RSM US, previously McGladrey, and RSM UK, formerly Baker Tilly LLP, are the two largest member firms. In 2016, revenues from the North American, European, and Asia Pacific areas were $4.87 billion.
All of the network’s member businesses were renamed RSM on October 26, 2015. In September 2014, it polled its independent member firms and journalists in 111 countries. RSM International’s member firms employ 35,396 people, including 3,221 partners across 718 offices.
8. SS Kothari Mehta & Co.
S.S Kothari Mehta & Co. (SSKM) is a prestigious chartered accounting firm with offices in New Delhi, Kolkata, Chandigarh, and Mumbai, founded in 1953. The firm, which has its headquarters in New Delhi, now employs about 500 people led by skilled partners and directors with professional experience spanning from 20 to 50 years in their respective sectors. Since the last few decades, SSKM has continuously ranked among India’s top chartered accounting companies.
SSKM has a robust pan-India presence through a network of distinguished affiliates, in addition to their core offices. Their clientele includes a wide range of major and medium-sized businesses and international organisations, demonstrating acceptance in the business world. SSKM service strategy is to provide clients with a single point of contact through Partners who are experts in their disciplines and work in an IT-friendly atmosphere.
SSKM has strongly emphasised knowledge-based development and client services provided through Specialist Partners. They have a well-established quality assurance procedure in which the quality of their practice is frequently assessed, resulting in continuous improvements in service quality and deliverables. SSKM long-term relationships with several clients demonstrate their service excellence.
Since its inception, SSKM has been guided by its profession’s code of conduct and ethics, assuring the highest professional standards to their clients at all times. Audit & Assurance, Tax & Regulatory Services, Business Advisory, Accounting & Business Support, IT Risk Advisory, and other professional services are among their offerings.
9. Lodha & Co.
The company was founded in 1941 and currently has offices in Kolkata (Calcutta), Chennai (Madras), Hyderabad, Mumbai (Bombay), New Delhi, and Jaipur.
The good part about this firm is that it has been around for almost 55 years. SS Kothari is one of Delhi’s most well-known corporations, with offices in more than 100 countries.
In India and abroad, Lodha & Co. provides professional services to many corporate clients, including central banks, banks, insurance firms, and public sector businesses.
The firm has 16 partners and a well-experienced workforce that includes Chartered Accountants, Management Graduates, Company Secretaries, Cost Accountants, and other professionals. The Partners are supported by a strong team of professionals from diverse fields. Each team has honed particular skills in their various areas of operation.
10. Sahni Natarajan And Bahl (SNB)
Sahni Natarajan And Bahl is a national Indian firm that specialises in auditing, consulting, accounting, and other related services. Since then, it has built a reputation for offering high-quality services to add value to its clients in a completely professional, independent, and ethical manner. SNB understands that each client is unique and has specific demands that must be properly understood and analysed in all dimensions before the appropriate service alternatives can be provided.
The firm strives to give each client customised solutions based on its extensive practical experience in various industries. With this approach to customer service, SNB has established long-term professional relationships with its clients, which consists primarily of publicly-traded Indian enterprises and well-known multinational corporations. Its steady development has been fueled mainly through excellent testimonials and references from its existing clientele.
While SNB provides a wide range of professional services, its key areas of expertise include internal auditing and process improvement studies. It has made a name for itself in internal auditing by being the first to introduce Operational Auditing to India. The firm is regarded as a leader in the provision of comprehensive and constructive process-based assessments that provide assurance of controls and assist in the re-engineering of internal systems and processes for optimal business results.
SNB has played a small but significant role in strengthening Corporate India’s growth in today’s globally competitive and complex business climate. SNB strives carefully to fulfil all implicit and explicit commitments to its many customers, including clients, employees, regulators, and society.
Edited and published by Ashlyn Joy
