Unperturbed by the global disgrace it had to face in connection with the multi-crore Satyam scam,accounting biggie PriceWaterhouseCoopers is looking to expand its Indian operations and plans an investment of USD 100 million over the next three years. Besides,it plans to double headcount from the present 6,000 during the same period,gearing up to serve bigger clients,PwC International Chairman Dennis M Nally said on the sidelines of the India Economic Summit organised by WEF-CII here. "Currently,we have 6,000 people in India and we plan to double the headcount in three years. And invest in three years,USD 100 million - this is the single largest investment in three years," Nally said. Embroiled in controversy post the disclosure of the Satyam scam in January last year that led to the arrest of two of PwC's audit partners,PwC's Indian operations had seen the exodus of many of its executives. Ever since,there has been a lot of changes in the company's upper crust. Behind the bars now,S Gopalkrishnan and Srinivas Talluri of Pricewaterhouse,a member firm of PwC International,were the statutory auditors of software giant Satyam Computer Services from mid-2000 to September 2008. "We have executed a lot of changes in PwC after Satyam. I believe PwC today is well positioned to handle bigger clients from across the world," he said. Besides the arrest of the two PwC auditors and subsequent disciplinary enquiries,the firm is also under the government scanner for allegations of surrogate accounting practice,or backdoor entry into India,which is not open for international audit practitioners.
