24331 | Alumni Newsletter | January - March 2023

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#YourNetworkForLife

Connect | January - March 2023

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Dear Friends,

A very Happy New Year to you! My warmest wishes also to you and your loved ones for a prosperous 2023.

Thank you for the continued love and support you have always shown PwC - we are truly grateful. At our end, we continue to explore new ways of connecting with you, hear your thoughts and get your feedback and inputs, so we can make our association meaningful.

Today, I wanted to share some recent updates from around the firm - it has been an eventful quarter for us. I just returned from a visit toDavoswhere I had the opportunity to witness what a gathering of minds means - the scale, depth and quality of the discussions have been thought-provoking in so many ways. All of us were aligned – on the need to create a global community committed to working together to solve tomorrow's challenges today. We also partnered withInvest Indiafor the sixth time in a row to host the roundtable on "India’s growth story: Riding a wave” and had the privilege to join hands with the

Government of Tamil Nadu to conduct a discussion on the future of advanced manufacturing and its role in delivering sustainable growth.

Sanjeev Krishan Chairperson, PwC in India

Happy to share that once again, we launched theGlobal Annual CEO Surveyat Davos, our 26th year in a row with insights from CEOs across the globe, including 68 from India. Heartening to see that in spite of the signs of a global economic slowdown, continuing high inflation and the ripple effects of the war in Europe, theoutlook for India’s growth has largely been positive.India CEOs are braving macroeconomic headwinds, geopolitical and climate change threats and reinventing their business models to stay economically viable in the long run. This time, the survey covers macro themes such as race for the future, today’s tensions and a balanced agenda, making for a very insightful read for leaders looking at tomorrow’s agenda, today.

Earlier in December, our Global Chairman Bob Moritz was down in Mumbai for an exclusiveCEO Roundtable - Reimagining Maharashtra, chaired by the Deputy Chief Minister Shri Devendra Fadnavis and attended by India’s eminent CEOs across industries. The platform enabled an open conversation between the Government and this diverse group of India Inc. leaders on strategies to promote new investments in the state of Maharashtra. Our conversations focused on unlocking the state’s true potential through sustained investments in infrastructure, job creation and skilling.

As we look forward to 2023, we remain inspired to be a beacon in our profession – one that’s known for its high quality, value, trust services and dedication. As we begin a new year filled with new beginnings, do stay connected with us –

#YourNetworkForLife.

Best regards, Sanjeev Krishan

Chairperson, PwC in India

Sad demise

It is with profound grief that we share the sad news ofMr. Satya Brata Ghosh (S B Ghosh), our former Senior Partner who passed away on 17 December 2022. He was highly respected by all and his significant contribution to the firm will always be remembered. We extend our heartfelt condolences to Mr. Ghosh's family. May his soul rest in eternal peace.

Alumni spotlight

Bhaskar Kumar Basu Sagar Dutta

A memorable journey with Price Waterhouse from 1969 -1973.

People update

Celebrating our people’s journey at the firm

During PwC Global ChairmanRobert Moritz'svisit to Mumbai, he and PwC in India ChairmanSanjeev Krishanhad an engaging deliberation with our women leaders on what was top-of-mind for each of them when it came to driving our commitment of co-creating an inclusive and diverse culture where everyone is given an

opportunity to rise and achieve their true potential. This was a great opportunity for everyone in the room to share their growth journey, learn from each other and how, collectively, we can move towards our aspiration of becoming a future-ready firm.

Leadership announcement

Effective 1 October 2022,Asha Ramanathanhas taken over as Chief Operating Officer (COO) fromSatyavati Berera. She has over 27 years of audit experience, specialising in industrial and consumer products, pharma and service sectors, and has worked on several large global clients across sectors. She is a subject matter expert on s404 and advises her clients on key business processes, risk and control identification and assessment. Asha has run training programmes at the ICAI for fellow chartered accountants on s404 compliances. In her new role, she will also be responsible for managing all the internal firm services of the firm.

Celebrating our people’s journey at the firm

Meet PwC Professional’sPooja Sheth MehtaandGiljith Vwho share their #OnwardandUpward journeys of how through this one opportunity with the firm they’ve received incredible opportunities to rise, shine and grow in their respective

domains.

Pooja Sheth Mehta Giljith V

What do PwCites do beyond work?

PwCiteFardeen Khan’s personal moments are all about brushing up on his backhand in squash and his swim strokes. He believes it's the perfect way to stay fit, and we couldn’t agree more!

For PwCite,Sweta Subudhi, beyond work means practising Bharatnatyam and tuning out her worries.

She believes it has taught her a lot of discipline and devotion.

PwCiteSejal Shroff was introduced to Kathak at the age of 10.

Sejal loves to immerse herself in the world of dance, which allows her to express her emotions and creativity.

PwCiteNandini Chatterjeeis an art enthusiast and prolific painter. During the pandemic, she honed her skills and adopted painting which has now become a passion.

26th PwC CEO Survey | Global and India perspectives

Over the past 25 years, our Global CEO Survey has reported on the top trends transforming global business, from the rise of the internet and e-commerce, to global recessions and the pandemic. With perspectives from 4,410 CEOs across 105 countries and territories, this year's survey provides unique insights into how CEOs are navigating the accelerated pace of change and the work that must be done to solve society's biggest challenges. Find out what's next for business leaders in our 26th Annual Global CEO Survey. To find out what 68 India CEOs are saying about the India business landscape, gohere.

Our Global Chairman Robert Moritz along with India Chairperson Sanjeev Krishan kicked-off the launch of PwC's 26th Annual Global CEO Survey in Davos.

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PwC India @ Davos | Leadership insights

You can catch all the media interviews at links below:

● Moneycontrol with Chandra Ranganathan, Editor - Technology, Startups & New Economy

● CNBC TV18 with Shereen Bhan, Managing Editor

● At the press conference to launch the CEO Survey

PwC India collaborates with IIMA to establish PwC ESG Research and Innovation Forum

IIMA, in collaboration with PwC India, announced the establishment of the‘PwC ESG Research and Innovation Forum at IIMA’. The forum is an avenue for knowledge sharing and exchange among ESG stakeholders, driven by a marquee event or series of events that the Forum will host at IIMA. The forum, facilitated by the IIMA Endowment Fund, was announced on campus by IIMA Director Prof. Errol D’Souza and Sanjeev Krishan, Chairperson, PwC in India, along with Chhavi Moodgal, CEO of the IIMA Endowment Fund. The MoU signing was followed by a lively interaction where students got a chance to engage with Sanjeev and talk about mainstreaming ESG frameworks and reporting, ESG opportunities for Indian corporates, the role of private businesses in ESG adoption in India, and emerging career opportunities in the ESG space.

Launch of GST professional certification programme

With the ambition of playing a key role in equipping India’s workforce with critical job-ready skills, ourTax Academyrecently launched a first-of-its-kind professional certification programme on GST on the leading online learning platform Coursera. Designed and developed by PwC India, our vision is to educate future leaders to anticipate the right skills for the future as they prepare for a dynamic business environment. We remain confident of our abilities and multidisciplinary capabilities to cater to India Inc and look forward to many of you in the fields of taxation and finance signing up for this professional certification.

PwC India’s road to Net Zero

In 2020, we joined PwC network firms in committing to achieve net zero greenhouse gas (GHG) emissions by 2030. Our journey began with a

three-pronged approach: reducing direct emissions from sources owned by the firm, reducing indirect emissions from the production of purchased heat and electricity, and reducing all other indirect emissions by ensuring sustainable travel, and making sure that at least 50% of our key suppliers set up science based targets to reduce their own climate impact by FY25. Our people too have joined our efforts wholeheartedly by contributing in their own ways. We invited them to share stories of the #ConsciousChoices they’re making in their daily lives and they shared inspiring accounts of multiple innovative actions they’re taking in the areas of energy consumption, waste generation, responsible travel and commute. To know more about our global net zero commitment and actions, visit ourNet Zeropage.

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We’re tech powered

PwC India makes it to the finals of The Solvers Challenge Watch: Business Trendspotting - Metaverse

As we continue to build and champion a digital-first culture across the PwC network of firms, we’re proud to share that theNavigate Tax in ERP solution from PwC Indiahas made it to theglobal Top 2ofThe Solvers Challengeunder theTransformation category.An internal network-wide initiative, the Challenge invites the best solutions and products from our global community of solvers. The final results will be declared in February 2023 and we wish the team the best in bringing this global recognition home.

The metaverse offers a plethora of

opportunities for brands. While businesses must be open to the idea of harnessing the potential of this parallel world, it is important to avoid ‘impulsive technology shopping’.Watch the new episode of ‘Business

Trendspotting’ where PwC India Advisory Leader Arnab Basushares more insights into the exciting world of the metaverse.

Creating differentiation

Fantastic achievement by the SAP team which won seven awards in the 2022 edition of SAP ACE awards.

This year's award focused on tech led transformation across Finance, Supply chain, Procurement, Human capital, Manufacturing, Customer experience and Sustainability. It is heartening to get recognition for delivering transformational business outcomes in our priority sectors.

PwC India has been named Innovation Partner of the Year for the APJ and Worldwide regions at the UiPath 2022 Partner Awards. UiPath, a leading enterprise automation software company, recognised us for demonstrating commitment to collaboration,

innovation and success in guiding customers on their automation journey during the UiPath Forward 5 event in Las Vegas.

PwC has been named a leader in the IDC MarketScape: Asia/Pacific Professional Security Services 2022. Commenting on PwC’s strengths, the IDC MarketScape states: PwC continues to maintain its position as a leader in the Asia/Pacific

cyber-consulting and advisory market by providing embedded security services reinforced with reliable threat intelligence.\

Our Anomaly Detection Platform was awarded the 'Artificial Intelligence Solution of the Year' at the BFSI

& FinTech Conclave And Awards 2022. The Platform brings together our consulting experience and the power of products to our clients. Learn more about the Platform, your one-stop solution to detect anomalies, power transaction monitoring and perform

reconciliationshere.

PwC India has won Cult.fit India’s Fittest Organisation and Explorer 2022 awards.

This is a testament to our commitment for each of our health, holistic wellbeing, and striking a balance between wellness and productivity. While the firm’s commitment to implementing and sponsoring new employee wellness ventures was a key factor in the evaluation process, we were also assessed on parameters such as the number of active users registered on cult and rate of activity per user.

Key Thought Leadership

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Shifting gears to drive financial inclusion

India start-up deals tracker Q3 CY22

Space for defence in India

Reimagining what matters with strategy+business

Climate challenge = climate opportunity Enjoy a complimentary subscription of PwC’s award-winning magazine

This issue of strategy+business looks at three daunting climate challenges and highlights ways for companies to meet them—and spot unexpected opportunities.

We are delighted to offer you a complimentary subscription to strategy+business, PwC’s award-winning magazine. To subscribe, simply register here.

Alumni Hub - A dedicated portal for our India Alums

Furthering our effort to create truly engaging experiences for you, we launched -Alumni Hub– an interactive platform that will enable you to connect with each other in more meaningful ways. It isyourgateway to stay in touch with us and your fellow alumni. Use this secure space to make connections with other members of our alumni network, stay

connected with the latest around the firm, and much more. In case you haven’t received your activation email to register, access this link. For any queries, write to us at:[email protected].

To register To login

An email [email protected] the subject line:‘PwC Account Activation’has been sent to your email ID that we have as per our records.

● Click on "Activate your account" button in the Activation email

● After Activating your Account, click on the

‘Application URL’

● Enter the OTPreceived either on your mobile and/or email ID

● You can log intoAlumni Hubanytime. The link is also available on the PwC India website’s Alumni page.

● If you’ve forgotten your password, click on the

‘Help’ option during login.

● We will send your registered personal email a

‘reset password email’.

In the Media Social Media

PwC News

1. Asha Ramanathan named PwC India COO; Gayathri Parthasarathy joins to lead financial services

2. PwC India to hire 10,000 tech talent in next 3 to 4 years 3. PwC introduces certification programme on GST Reports

1. PwC survey: Around 82% of corporate leaders in India anticipate raising cybersecurity budgets in 2023

2. Startup funding in India declined 40% between April and June, says PwC 3. Collaboration can speed up pvt investment in defence: PwC

Article

1. We must catalyse India’s climate aspirations for large-scale impact- By Sanjeev Krishan and Sambitosh Mohapatra

2. Top three challenges in Indian financial services - By Gayathri Parthasarathy

Talk to us

We cover a lot of interesting updates inConnectour quarterly newsletter, and are always open to new ideas. For more information about what we do and how we can support you, or if you’d like to present something don’t hesitate to reach out to our Alumni team [email protected].

Alumni LinkedIn Group|Connect - Alumni Newsletter|Join our Community of Solvers

In this document, “PwC” refers to PricewaterhouseCoopers Private Limited (a limited liability company in India having Corporate Identity Number or CIN : U74140WB1983PTC036093), which is a member firm of PricewaterhouseCoopers International Limited (PwCIL), each member firm of which is a separate legal entity.