Big four professional services firms see big growth post Covid-19

Tech adoption by businesses, rise of unicorns, M&A activity drive gains

The big four professional services firms -- EY, KPMG, PricewaterhouseCoopers (PwC), and Deloitte -- have registered one of their strongest growth years, with the months just after the pandemic started presaging it.

This was driven by a rapid adoption of technology by businesses; hectic activity in transactions, mergers, and acquisitions (M&As); and the rise of unicorns.

“We are seeing a real resurgence in growth after the first two waves of the pandemic. The pent-up demand has come back. We see this growth being sustained,” said Arun M Kumar, chairman and chief executive officer (CEO), KPMG India.

While consulting and financial advisories have been