Booz, Parthenon set up consultancies in India

by Dave

The Economic Times

While Booz will initially start operations with a dozen consultants, the plan is to expand to 100 people in a couple of years. Booz, as part of its global restructuring exercise, had moved out of India in 2000.

Things are a lot different today. “Global companies are using the Indian model in various businesses. This is in countries like Africa and other developing economies,” says Suvojoy Sengupta, head of India operations, Booz and Co.

Globally, Booz has 3,300 people in its 57 office in 30 countries. “With India expected to grow at 7% per annum, companies are serious about India,” he adds. Apart from sectors such as telecom, energy and healthcare, Booz sees opportunities in other areas like supply-chain management. It is expected that the top team at Booz, comprising mainly people of Indian origin, is relocating to India from the offices in the US and UK. Globally, Booz clocks revenue of $1 bn.

Another strategic consultancy firm Parthenon has set up shop in India early this year. It relocated Chip Greene, an expat, to head the Asian operations in India. Today, the size of the team has increased to 15. The firm’s Mumbai office has already started servicing clients in China, Japan and Thailand. Parthenon has a different model of accepting fees.

For India, the time has come when its success in various industries can be replicated in other countries. That’s exactly what is happening as consultants are looking to make a name here.

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