Updated : Dec 07, 2023 Watch this exclusive and insightful chat with Romal Shetty, the CEO of Deloitte South Asia, as he engages in a conversation with BTTV Managing Editor Siddharth Zarabi. In this interview, Shetty provides a comprehensive overview of Deloitte India's current standing and its strategic significance globally. Key highlights include Deloitte's growth plans, ambitious hiring goals, and the pivotal role of India in the company's global workforce. Shetty delves into Deloitte's key focus areas in India, his views on artificial intelligence, cyber, digital, and cloud technologies. The interview provides a detailed breakdown of Deloitte's revenue mix in India, with a focus on audit, tax, and the significance of the advisory business. Shetty offers valuable perspectives on the current state of audit principles, the scrutiny faced by the audit function, and the importance of robust regulatory bodies and governance in shaping the industry's future. The discussion concludes with Shetty's reflections on the impact of the Insolvency and Bankruptcy Code (IBC), the challenges and opportunities in recruiting 50,000 more people, and the diverse backgrounds of employees contributing to Deloitte's success. Shetty also shares experiences from his personal journey, highlighting his involvement in addressing critical issues such as stubble burning and health concerns. Shetty is also a member of Deloitte’s Global Executive Committee. In his more than two decades of work experience, he has led large transformation programmes across more than 40 countries for Indian and global clients, to shape their growth strategies, profitability, restructuring, technology, and people agenda. In the past five years, he has led the growth of the consulting practice from 2,000 to over 10,000 people, with India being the fastest-growing practice across the Deloitte network. Shetty is a fierce believer in purpose and rallying people to a common cause. He has successfully led signature community initiatives at Deloitte in collaboration with various state governments. These include initiatives like Anaemia Mukt Bharat, Sanjeevani Paryojana, anti-erosion embankment project, and stubble burning. A people’s leader, Romal’s core values include stewardship of exceptional talent, client centricity, integrity, and learning from failures. He is a trusted Advisor and possesses strong relationships with Board of Directors, CEOs, CFOs, CHROs, CTOs, and Strategy Directors across sectors.
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