ABOUT DELLOITE :BACKGROUND:Deloitte Touche Tohmatsu Limited commonly referred to asDeloitte, is one of theBig Fourprofessional services firms along withPricewaterhouseCoopers(PwC),Ernst & Young, andKPMG.Deloitte is the largestprofessional services networkin the world by revenue and by the number of professionals.Have more than 200,000 professionals, with operations in over 150 countries.Key people: Chairman: Stephen Almond, CEO:Barry SalzbergHQ: Rockfeller Plaza, New York, USARevenue: $ 32.41 billion in 2013Type of company: UK private co, limited by guranteeHistory: In 1845William Welch Deloitteopened an office in Basinghall Street in London. In 1896Charles Waldo HaskinsandElijah Watt Sellsformed Haskins & Sells in New York. Later on this 2 merged to formDeloitte Haskins & Sells in the USA.In 1947, Detroit accountant George Baileylaunched his own organization. Shortly the Canadian organization Ross and the British organization George A. Touche joined it and in 1960 the firm was renamed Touche, Ross, Bailey & Smart, becoming Touche Ross in 1969. They added Tohmatsu Aoki & Co, a firm based in Japan to their network in 1975.In 1989 Deloitte Haskins & Sells in the USAmerged with Touche Ross in the USA to form Deloitte & Touche.SERVICES: 1. Audit & enterprise risk services:i) Assurance: Global offerings, conversion of accounts to those complying with US GAAP and IFRS, and specialised audit services including detailed investigations etc.ii) Enterprise risk management: Helps organisations build value by taking a risk-intelligent approach to manage financial, technological and business risks. This approach helps our clients to focus on key areas of increased risk, manage them in an effective manner and pursue not only risk mitigation, but also intelligent risk-acceptance as a means of value creation.iii) Internal audits: Reviews of existing Internal audit functions, reviews of standard operating procedures / manuals of various commercial/financial processes and agreed upon procedures reviews of specific commercial / financial processes.2. Consulting: Deliver measurable/ quantifiable improvement in business performance; drive shareholder value and create sustainable competitive advantage. We have in-depth expertise across a range of industries. These include financial services, leisure, tourism and hospitality, manufacturing, technology and media and transport and infrastructure.i) Business process solutions: Outsourcing based main business activity- includes: Financial management & Accounting Outsourcing Accounting process review Preparation of accounting manual Corporate secretarial services Payroll outsourcing services Application data migration services Chief Financial Officer Services

ii) Enterprise applications: from the back office to the front desk, from Customer relationship management (CRM) to Enterprise resource planning (ERP) and includes packages like: Infor Oracle SAPiii) Strategy & operations: Helps clients make major strategic decisions and implement business improvements in areas such as business IT strategy enterprise cost reduction, corporate performance measurements, business process reengineering, customer relationships, mergers & acquisitions, CFO framework, program leadership and more.iv) Human capital advisory services: help clients unleash hidden value of your talent by working with HR departments defining a people strategy. It address a number of issues ranging from organisation culture, change and performance optimisation to learning strategies. Help people and organizations perform better, more cost-effectively and with greater flexibility.

v) Technology integration: Helps clients realize the business value from IT and use this tool as an enabler for organizational success. It includes: Information management: management of business data and corporate performance Tech advisory: cost rationalization, sourcing, procurement, architecture.3. Financial advisory: Advice clients in a number of industry verticals ranging from corporate finance, transactions, valuations, forensic & dispute resolution and reorganization with a focus on helping our clients increase value.i) Corporate finance advisory: Enhance value through the delivery of strategic advice and execution services to corporations, financial institutions and public sector companies. Corporate finance advisory services include: Mergers & acquisitions Sales or divesture Capital raising Private equity or capital markets Strategic & general corporate advice Project finance & public private partnerships Business modeling Funding assistanceii) Forensic & dispute services: Identifies and deals with a wide range of financial irregularities or fraud, misconduct and business disputes, and delivers clear, logical analysis, and fact finding reports.It includes: Fraud Risk Management Anti-Bribery and Corruption Consulting Anti-Money Laundering Consulting Business Intelligence services Whistleblower Hotline

iii) M&A transaction services: Solve accounting, tax, regulatory, cultural and labour issues common to mergers, acquisitions, leveraged buyouts, joint ventures, divestitures or spin-offs. iv) Reorganisation services: Identify and address key strategy, operations, infrastructure, and financial trouble areas and work collaboratively with clients to provide sustainable solutions. It includes: Advising underperforming companies Assisting financial stakeholders Turnaround management Exit management Insolvency & bankruptcy services Insurancev) Valuation services: Price allocations across a broad range of industries, including: financial and professional services, technology, media and communications, manufacturing, natural resources, distribution and retail, healthcare, hospitality, and waste management.It include: Business valuation Intangible asset valuation Tangible asset advisory services Dispute resolution support Fairness opinion Specialised services (including financial modelling)4. Tax services: i) Business tax services: delivers a comprehensive, practical approach to tax planning that helps multinational businesses meet their worldwide tax and statutory responsibilities. Also provides legal knowledge on critical business issues.Helps clients to lower the effective cost of doing business locally and globally by optimizing cash incentivesii) Cross-Border Tax: Advise companies on a broad range of inbound and outbound tax issues, including structuring initial overseas investments, financing international operations, cross-border transactions, management of the global effective tax rate and business re-structuring.iii) Global employer services: Delloite offers MNCs range of services regarding labour and tax laws in different geographies.iv) Indirect tax: Help design strategies and structure global transactions to reduce indirect taxes like GST, VAT etc., customs duty payments and other international trade costs, increase duty recoveries, and help to ensure legal and regulatory requirements are met in a cost-effective manner.5. Integrated Market Offerings: Provide comprehensive, issue-based solutions to help our clients address the rapidly changing business environment and stay ahead of their competition.

RECENTLY IN NEWS:1. Selected by Coal Ministry out of 9 professional service firms for restructuring of Coal India Ltd.2. Withdrew audit report of Financial Technologies as the NSEL scam was unearthed after submission of the report. NSEL is a subsidiary of FT group.3. HDFC Bank, has appointed Deloitte Touche Tohmatsu India Pvt Ltd the accounting and audit firm, to carry out an independent forensic enquiry into the allegations made by Cobrapost representatives, stating that the bank employees are encouraging customers to evade income tax payments.(March 2013)