Consultancy services play a vital role in enhancing the operational efficiency, academic excellence, and strategic growth of academic institutions. Accreditation agencies give importance to consultancy services offered by academic institutions. Both faculty members and students can be engaged in offering their expertise and skills in consultancy. Consultancy services fall under two major divisions, viz., Technical consultancy and Management consultancy. We can act as a bridge between industry and academic institutions and pass on the consultancy projects from industry to academia thereby benefiting both.