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Senior leaders exit Deloitte India amid shift in M&A strategy
Rival firms gain ground as Deloitte refocuses on high-value mergers and acquisitions
NEW DELHI: Deloitte has seen a series of senior departures in recent weeks, marking a period of transition as the firm recalibrates its mergers and acquisitions business, according to an Economic Times report. These exits follow a strategic shift in the firm’s advisory approach, which has increasingly focused on larger, high-value transactions.
The executives who have resigned include Rajesh Aggarwal, head of debt advisory, Ruchi Sarna, national head of consumer investment banking, and Suresh Atal, a senior partner in transaction advisory, according to the report. Industry sources indicate that Rajesh Aggarwal and Suresh Atal are likely to join PwC, while Sarna is also expected to move to a competing firm.
This movement follows a significant change in Deloitte’s leadership and focus over the past two years. After Rohit Berry joined from KPMG as president of the vertical, the firm began prioritising deals valued at over $250 million. Berry was accompanied by senior executives Vivek Gupta and Manish Aggarwal, leading to a larger migration of over 200 professionals from KPMG to Deloitte.
The competitive landscape remains fluid. PwC recently appointed Anmol Bhandari, a former Deloitte executive, as head of its transaction services vertical, reinforcing its dealmaking ambitions.
In the professional services sector, senior departures often trigger further team movements, suggesting that more staff may follow these leaders to their new firms.
Despite these exits, Deloitte is actively looking to rebuild its ranks. According to the report, the firm is currently looking to hire between six and nine partners to address gaps in its debt advisory team as it aggressively seeks fresh talent to maintain its market position.
As the major accounting firms continue to compete for leadership, the hierarchy of the Indian advisory market is shifting. While Deloitte has successfully recruited heavily from its rivals in the past, it now faces the challenge of retaining its own senior experts as they are courted by competitors like PwC.
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Tata Communications named Gartner WAN Leader for 13th consecutive year
AI-driven network upgrades and global expansion keep telecom major ahead
MUMBAI: Tata Communications has once again secured its place among the top global network providers, earning a Leader position in the Gartner Magic Quadrant for Global WAN Services 2026 for the thirteenth year running.
The recognition from Gartner highlights the company’s consistent performance in both strategic vision and execution, a rare feat in a fast-evolving connectivity landscape.
Over the past year, Tata Communications has doubled down on building what it calls a more intelligent and flexible network fabric. In simpler terms, this means networks that can adapt on demand, powered by artificial intelligence and analytics, to support businesses operating across geographies and industries.
The company has expanded its network-on-demand offerings, allowing enterprises to scale connectivity more easily across data centres and multiple cloud environments. It has also invested in next-generation fibre infrastructure and high-capacity 800G wavelength services to keep pace with the growing demands of AI-led cloud ecosystems.
Global reach remains a key focus. Tata Communications has extended its footprint through partner points of presence, enabling quicker deployment in new markets while strengthening last-mile connectivity through local collaborations.
Security, too, is getting a significant upgrade. The company has enhanced its Secure Access Service Edge capabilities to tackle emerging AI-driven cyber risks, including unauthorised data transfers. Looking ahead, it is also preparing to roll out quantum-safe encryption services based on post-quantum cryptography standards, aiming to future-proof enterprise data against both classical and next-generation threats.
Speaking on the milestone, Tata Communications executive vice president, core and next-gen connectivity services and chief technology officer Genius Wong said, “We are honoured to be recognised for the 13th consecutive year and deeply appreciate the continued trust our customers place in us. At Tata Communications, we will continue to transform our solutions so enterprises can build resilient, high-performance and intelligent digital foundations. With our future-ready, resilient and intelligent network fabric, enterprises can scale with confidence and thrive in an AI-powered future world.”
While industry rankings often come and go, a 13-year streak suggests more than just consistency. For Tata Communications, it signals a steady grip on a rapidly shifting global connectivity market and a clear ambition to stay ahead of the curve.
