Rahul Mullick, an executive director in the advisory division of PricewaterhouseCoopers (PwC) India, has put in his papers. His departure is the latest in a line of big-ticket exits at the firm over the past six months.
Both PwC and Mullick confirmed the development. A PwC spokesperson said he was moving overseas for personal reasons.
Sankar Ramamurthy, executive director at PwC India and head of the people and change consulting practice at the firm, had also decided to move on in May this year, while Kumar Dasgupta, an assurance partner with the firm, quit in July.
The PwC spokesperson added that Ramamurthy and Dasgupta were also moving on for personal reasons. While Dasgupta has moved on for further studies, Ramamurthy will continue his association with the firm on a contract basis, the spokesperson said.
PwC India has a total of 185 partners and executive directors, of which 69 are with the advisory business. In March-August 2013, advisory had five exits, of which two were seconded partners who have returned to their home country on completion of their assignment in India.
Earlier this year, the firm lost Ambarish Dasgupta, the national consulting leader to rival KPMG.
But the firm is undeterred by these exits. “The slowdown has not impacted PwC India’s advisory business in any significant manner. The business has been recording double digit growth over the past two to three years and the consulting business is the third largest in the network,” says Michael J Surface, advisory leader of PwC India. (Source:ET)