 "Shyamal Mukherjee elected new chairman of PwC India")
Shyamal Mukherjee has been elected as the chairman of PwC India, replacing two-time chairman Deepak Kapoor. As per PwC Governance rules, a chairman is allowed to serve a maximum of two terms.
Mukherjee, who joined PwC in 1984 and became a partner in 1993, will lead the network of Indian accounting firms, and the consultancy major, at a time when corporate India is going through mandatory change of audit firms. Around 1,000-odd companies are expected to switch auditors over the next one year.
Kapoor steadied PwC India’s country business after the audit firm was severely hit by the Satyam Computer Services scam. PwC were the auditors for Satyam. During his tenure the India business recorded the fastest pace among PwC network countries for three years in a row.
Commenting on his appointment, Shyamal Mukherjee noted that his focus will be on seamless client delivery, “being a great employer in the country and pioneering use of technology to drive innovation and efficiency.”
Mukherjee is a member of the India leadership team and part of PwC’s Global Strategy team. Prior to his current role as PwC India's brand & strategy leader, Mukherjee was the joint leader of the firm’s tax & regulatory practice.
With GST set for roll out from April 1st, 2017 corporate India has a tight deadline ahead of them to get GST-ready. That is a business opportunity the new chairman would like to make most of in the coming months.