Decrypting the Network of EY Firms in India

Ernst & Young, more commonly referred to as EY, is a Big Four firm with headquarters in London. There are more than 500 different firms in the network of EY. However, technically, there is no company called ‘EY India’.

EY India Name

EY India refers to any or all operations conducted by EY where their clients are Indian individuals and firms. There are a total of 12 companies, limited liability partnerships, and firms in the EY Network in India.

Decrypting the Network of EY India Firms

S.R. Batliboi & Co. LLP

S.R. Batliboi & Co. LLP (SRBCL), as per filings, is engaged in the business of providing chartered accountancy services. SRBCL was incorporated in 2013 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAB-4294 and PAN : ACHFS9180N. There is a total of 61 Individuals who are or were associated with the firm as Partners. It is one of the flagship firm of the EY Group. Here is the list of top clients of SR Batliboi

S.V. Ghatalia & Associates LLP

S.V. Ghatalia & Associates LLP (SVGAL), as per its filings, was incorporated to carry on the business of charted accountancy profession. SVGAL was incorporated in 2013 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAB-4293 and PAN : ACHFS9181P. There are a total of 40 Individuals who are or were associated with the firm as Partners.

S.R. Batliboi & Associates LLP

S.R. Batliboi & Associates LLP (SRBAL), as per filings, was incorporated to carry on the business of the chartered accountancy profession. It provides audit, assurance, and certain tax compliance services. It has LLPIN: AAB-4295 and PAN : ACHFS9118A. There is a total of 61 Individuals who are or were associated with the firm as Partners.

S R B C & Associates LLP

S R B C & Associates LLP (SRBCAL), as per its filings, was incorporated to carry on the business as a chartered accountancy profession. SRBCAL was incorporated in 2013 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAB-4291 and PAN : ACHFS9119B. There is a total of 6 Individuals who are or were associated with the firm as Partners.

S R B A & Associates LLP

S R B A & Associates LLP (SRBAAL), as per its filings, was incorporated to carry on the business as a chartered accountancy profession. SRBAAL was incorporated in 2013 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAB-3726. There are a total of 5 Individuals who are or were associated with the firm as Partners.

S R B C & Co LLP

S R B C & Co LLP (SRBCCL) is engaged in providing professional services. SRBCCL offers audit, accounting, and tax planning services. The LLP was incorporated in 2013 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAB-4318 and PAN : ACHFS9117R. There are a total of 61 Individuals who are or were associated with the firm as Partners.

EY Restructuring LLP

EY Restructuring LLP (ERL), as per its filings, was incorporated into restructuring services including but not limited to formal insolvency services, liquidation services under IBC, advisory services to prepare for IBC, advisory services for refinancing of debt and raising of new debt, advisory services on the restructuring of debt, business and cash monitoring service, and many more. ERL was incorporated in 2017 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAk-6624 and PAN : AAGFE6873R. There are a total of 6 Individuals who are or were associated with the firm as Partners.

Ernst & Young Associates LLP

Ernst & Young Associates LLP (EYAL), as per its filings, was incorporated to carry on the business of providing US GAAP, IAS, and other related international certifications. EYAL was incorporated in 2013 and has its registered office located in Delhi. It has LLPIN: AAB-4321 and PAN : AAEFE1778R. There are a total of 18 Individuals who are or were associated with the firm as Partners.

EY Actuarial Services LLP

EY Actuarial Services LLP (EYASL) was formerly known as Ernst & Young Actuarial Services LLP. As per its filings, the LLP was incorporated into actuarial consultancy including but not limited to product development and pricing, product filing and approval, business planning, shareholder reporting, statutory valuations, appraisal valuation, embedded valuation, transaction support including due diligence, financial modeling, actuarial and other liability calculation using actuarial techniques, peer reviews, solvency, economic capital, process automation, actuarial modeling, pensions, and other retirement benefits, among others.

It was incorporated in 2017 and has its registered office located in Kolkata, West Bengal. It has LLPIN: AAI-5216 and PAN : AAGFE3290E. There are a total of 3 Individuals who are or were associated with the firm as Partners.

Ernst & Young LLP

Ernst & Young LLP (EYL), as per its credit ratings report, EYL is engaged in providing professional services in the areas of consulting and advisory for tax, risk, performance, and transactions to large global and Indian organizations and the government sector. EYL also provides knowledge and process support via its Global Shared Services (GSS) group, to other member firms of EYG.

EYL is a professional service provider in India in the domains of tax, transactions, and advisory. EY India or Ernst & Young LLP is an Indian professional services partnership firm, incorporated under the Limited Liability Partnership Act, 2008, and is a member firm of Ernst & Young Global (“EYG”). EY LLP provides assurance, consulting, tax, strategy, and transaction services.

It has LLPIN: AAB-4343 and PAN : AAEFE1763C. There are a total of 380 Individuals who are or were associated with the firm as Partners. Some of their past partners have moved on to different roles and some of them are not the designated partners. This is probably the largest firm among the EY India group in terms of people associated with it. 

Revenues of Ernst & Young LLP

According to the latest financial statements filed by the firm for the year ending 2019, the company clocked revenues of Rs. 6121 crores and made a profit of Rs. 214 crores. In the year 2018, their revenue was Rs.5477 crores. This firm alone contributes to almost billion dollars to the total revenues of the EY Network.

Litigations against Ernst & Young LLP

As the companies grow, the litigations against them grow too. EY also have a law firm in its India practice and it acknowledges that PDS Legal is the firm in its group. However, there are multiple litigations pending against the company and the report on the same is available for perusal.

Past Names of Ernst & Young LLP

• ERNST & YOUNG CONSULTANTS PRIVATE LIMITED till 2008
• ERNST & YOUNG PRIVATE LIMITED till 2013.

Ban on EY India Firms

Yes Bank and its promoter distributed loans that were not recoverable from the borrowers. SR Batliboi & Co. LLP was banned by the Reserve Bank of India for one year to conduct an audit of any financial institution for one year. This ban was imposed by Reserve Bank in the year 2019.

SRBC & Co LLP were the auditors for IL&FS group companies which was in a mess due to the quality of the loans. This audit firm was named by National Financial Regulatory Authority (NFRA) as the defaulter in its assessment in 2022. EY India firms were found to be rendering services to IL&FS Group companies in violation of Section 144 of the Companies Act.

You can also read more about the Ban on EY India Firms here.