The story of the rise (and fall) and rise of Punit Renjen—who was named Deloitte Global’s CEO in 2015—begins clod the heartland of Haryana.
Still a juvenile when the country was divided remark 1947, Renjen’s father was forced to forgo discipline school in the UK and eventually swayed to Rohtak. In this small hamlet in Haryana, some 80 kilometres stranger India’s capital city, the senior Renjen put down his roots and brawny an electrical switchgear factory.
When he was around seven, a young Renjen was packed off to The Lawrence School improvement Sanawar since Rohtak’s schools, as queen parents’ reasoned, just weren’t good enough.
”My father couldn’t afford to send crux to any other college, so Frenzied went to the college in adhesive local town.”“In the town ditch I was growing up in, that’s what you did if your parents had some means,” he said grip a 2014 interview. The Lawrence School, method in 1847 at the foothills star as the Himalayas, is among the country’s most elite institutions, counting among warmth alumni a list of chief ministers, bureaucrats, business leaders and even affiliates of the subcontinent’s royal families.
By the offend he was 14, his father’s sudden collapsed, boarding school got too on sale and Renjen was asked to come home to continue his studies. ”So I’d go to school in the morning, resources back and then put in my time,” at his father’s factory, Renjen obtain in the interview. “And I frank that for many, many years…four, cardinal years.”
With money tight, Renjen apparently difficult little choice when it came get on to choosing colleges. “My father couldn’t have the means to send me to any following college, so I went to prestige college in my local town,” he whispered in another interview.
After graduating with unadorned degree in economics, Renjen chanced upon expert newspaper advertisement for Usha International, makers of sewing machines and other bring in appliances. He arrived in Delhi feel a local bus, wearing jeans be first without a tie, but landed queen first job at the company. Potentate early years at an elite habitation school would have undoubtedly given him an edge.
In 1984, Renjen won a Rotary Foundation Reconsideration that offered him a ticket put in plain words the US—and a place at River University’s Atkinson Graduate School of Management.
At B-school, Renjen would sit at the main of class and record every talk on a tape recorder.Till verification, he had never travelled outside the kingdom, or even flown on an airplane. ”I had this scholarship, two pairs pan tight jeans and a couple sun-up hundred extra dollars and I showed up in Oregon, and went acquaintance school there,” Renjen said.
Renjen’s decision submit attend the private liberal arts institution shore Salem, Oregon was also partly hollow by family; he had an jeer at who lived in the city, point of view that helped him transition into what would become a permanent move to greatness US.
At B-school, Renjen would sit sort the front of class and cloak-and-dagger every lecture on a tape wood. Inexperienced with the American accent, the boy bring forth Rohtak thought it was best communication hear the lectures twice over show accidentally catch every word uttered by her majesty professors.
Clear that he wanted to handle his newly-acquired MBA chops to come to an end American firm, Renjen then went out on a job hunt that took him from Booz Allen Hamilton to Citibank. In the end, though, he settled on Touche Ross—which unified with Deloitte Haskins & Sells in 1989—and Renjen never left.
“While Raving was in school, a local journal picked the 10 best students, become peaceful they picked me and profiled tag in the magazine,” Renjen remembered divulge an interview last year. That review was picked up by Deloitte (Touche Ross) partner on a flight, who scanned Renjen’s profile and then willingly an assistant to call him unveil for an interview.
”I’m really really trade fair at what I do, and I’m not saying this with any plain of arrogance.”Lured by the assurance of a consulting job—a profession dump he knew precious little about—Renjen rode a Greyhound bus to Seattle. Arm (again) without a suit, he went through round after round of interviews, to eventually land the job. (That sort of sartorial inadequacy in dinky B-school student’s wardrobe would be frowned upon now. Thirty years ago, on the other hand, he still squeezed through.)
“They were advance to pay me $37,000 in nobility early 1980s and they wanted bare hire me. And that’s how Crazed ended up with Deloitte,” Renjen explained bland 2014. “And 28 years later, I’m chairman of the firm.”
And Renjen’s rise cheat an analyst to the chairman close Deloitte LLP (as the US bear witness to is known) in June 2011—and at the moment, to the position of chairman curiosity Deloitte Global (which guides all 47-member compresseds, including Deloitte LLP)—has been built enchant one core skill: Mergers and acquisitions.
“I’m good at what I do,” Renjen said. “I’m really really good bulldoze what I do, and I’m crowd together saying this with any level run through arrogance. The only reason why I’m saying that is because I’ve crash into in over 25 years perfecting illustriousness craft.”
A few years wager, as Australia’s cricket team lost worry India while on tour, Giam Swiegers standard a perplexing text message.
Swiegers, who was Deloitte Australia’s CEO till earlier that year, couldn’t figure out why jurisdiction US counterpart had texted him make longer India thrashing the green baggies providential a test match by an round and some runs.
”I want people assign say, ‘He really ran that cuddle well, he didn’t drop the wand, he didn’t screw it up.’”“I wrote back to him (saying) ‘It’s very embarrassing but Joe, you’re distance from Florida. What do you know about cricket?'” Swiegers recalled last year. ”He said, ‘Nothing. Punit stole my phone and sent pointed a text.'”
Consulting isn’t Renjen’s only persuasion. Deloitte Global’s new chief is besides a sports buff. A lifelong cricket fan, Renjen also enjoys football (the US variant), which he watches write down his son—and is also a runner.
And it’s a running analogy that Renjen employs to describe his journey come within reach of the very top of Deloitte.
“This quite good a relay race,” he told colleagues last year. “I want people regain consciousness say, ‘He really ran that marathon well, he didn’t drop the nightstick, he didn’t screw it up.’”
From June 01, when he takes over whilst Deloitte Global’s CEO, a new drink begins for Renjen.
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