Ferguson merges with Deloitte

Ferguson fifth CA firm to join Deloitte.

The 110-year old AF Ferguson & Co will merge into the existing Deloitte Haskins & Sells firms. This will be the fifth chartered accountant firm to join Deloitte, after CC Chokshi & Co, Fraser & Ross, PC Hansotia & Co and SB Billimoria & Co, in serving domestic and international entities in India. The merger with Ferguson will strengthen Deloitte's leading position in India as it expands its position in the country.

In a press communiqué issued today, Deloitte's Asia Pacific CEO, Manoj Singh, said Deloitte recognised India as one of the fastest growing economies in the world, and was strategic to the firm's growth plans. "Our strength and capability will be boosted by the addition of the well-respected and qualified professionals from Ferguson," he added. The oldest accounting firms in the country, which had come together, shared similar values and respect for tradition and recognition of business needs, Singh added.

Under the proposed new arrangements, AK Mahindra and NP Sarda become non-executive co-chairmen of DH&S India and Dileep C Choksi, Udayan Sen and Mukund S Dharmadhikari, the joint managing partners of DH&S.

Deloitte in Asia Pacific is the fastest growing professional services organisation, with over 21,000 experienced industry and technical professionals with people located in more than 120 cities in 26 countries, from New Zealand to China, and from Guam to Pakistan.