No, KPMG is not an Indian company. It is a British multinational professional services company headquartered in London, United Kingdom. The company provides a wide range of professional services to governments, corporations, public sector agencies and other entities. These include financial audits, risk assessments, compliance, tax planning, legal advisory, transfer pricing and business consultancy.
KPMG is one of the four largest accounting firms in the world, alongside Ernst & Young, Deloitte and PwC. The firm serves multiple industries, including technology, healthcare, financial services, consumer goods, infrastructure, technology and energy. Its global structure comprises of independent firms affiliated to KPMG International Limited.
| Details | Info |
| Founded | 1987 |
| Founder | William Barclay Peat, James Marwick |
| Headquarters | London, United Kingdom |
| CEO | Bill Thomas |
| Sector | Professional services |
Company History
KPMG traces its origin to the late 19th century but was established in its current form by the merger of KMG, an entity formed by the merger of Dutch, British and German firms in 1979, and Peat Marwick, an American firm, in the year 1987. Notably, the firm was the only large customer of Apple Macintosh computers at that time.
Throughout the 1990s, KPMG expanded its operations and established offices in emerging markets. In the year 2001, KPMG spun off its United States consulting firm, KPMG Consulting, which was rebranded as BearingPoint. In October 2007, KPMG’s member firms in United Kingdom, Switzerland, Liechtenstein and Germany merged to form KPMG Europe LLP.
KPMG expanded its service offerings to include digital transformation and cybersecurity in the second decade of the 21st century. In May 2024, KPMG’s firms in Switzerland and United Kingdom merged together.
Current Status
KPMG operates in 145 countries, employing more than 275,000 employees. Its US firm is the biggest among all, with over 40,000 employees. KPMG is focusing on artificial intelligence and digital transformation to help its clients in navigating various challenges. For instance, AI-enabled regulatory barometer tools to help businesses in tracking abrupt changes in regulatory mechanisms.
KPMG has adopted globally consistent reporting standards through initiatives like benchmarking report. The firm is also focusing on environmental resilience and social challenges through initiatives like KPMG Impact.
Future Outlook
KPMG is likely to scale its enterprise-wide AI agents, while addressing challenges like data quality and privacy. The company’s growth forecasts predict opportunities in emerging sectors like semiconductors, digital assets and clean energy. KPMG is expecting challenges on various fronts, such as trade wars caused by US tariffs, geopolitical uncertainty and high inflation.