Deepak Kapoor is new PwC India chairman

Consultancy firm PricewaterhouseCoopers India (PwC) on Monday said Deepak Kapoor will take over as Chairman of the company next year.

"Deepak Kapoor has been elected as the new Chairman of the PwC India network of entities for a three-year term, beginning January 1," a release said.

Kapoor will take over from Gautam Banerjee, who will relinquish office on December 31. Banerjee would, however, continue in his role as Executive Chairman of PwC Singapore and would join the PwC India Advisory Board.

The selection of Kapoor, 52, has been ratified by PwC's India Governance Board.

As Chairman of PwC, Kapoor would be responsible for managing PwC India network firms' business in India and would represent them externally and internally and lead the interactions with clients and people within the firm.

Deepak joined Price Waterhouse as an Articled Trainee in 1978 and became a partner in 1991. He has served as Managing Director of PwC India network entities since 2007.

Commenting on his appointment, Kapoor said: "I am honoured that I have been chosen and gratified by the confidence that the India partners have shown in me at this challenging and exciting time for our business."