Global Tax Services Provider Ryan To Buy Majority Stake In Dhruva Advisors

(The Corner Office Journal) -- Global tax services and software provider Ryan agreed to acquire a majority stake in Indian tax advisory firm Dhruva Advisors for an undisclosed amount to expand their global tax services footprint.

Under the deal, Ryan will acquire a majority stake in Dhruva Advisors, creating a joint venture with Ryan in India, the companies said in a joint statement. Ryan’s senior leadership will join the board of Dhruva Advisors and its partners will acquire equity in Ryan, they added.

The companies also said Dhruva Advisors’ Chairman and Chief Executive Officer Dinesh Kanabar will become a vice chairman of Ryan.

The partnership represents a significant and strategic advancement for Ryan to expand its presence in India, Asia and the Middle East, as well as to enhance its ability to serve clients in high-growth markets, according to the statement.

“By leveraging Dhruva’s hands-on, local tax experts with our integrated, end-to-end tax solutions, our teams will deliver unrivaled client success in these flourishing markets,” said Ryan Chairman and CEO G. Brint Ryan.

Dhruva Advisors

Founded in 2014 by Kanabar, Dhruva Advisors has deep expertise across India, Asia and the Middle East. The firm, with 38 partners and senior leaders, is supported by over 500 professionals across 11 offices and advises clients in industries, including aerospace, automotive, chemicals, finance, healthcare, technology, and real estate.

“I am encouraged by the alignment of our respective leadership teams to meet the growing needs of our multinational clients and look forward to driving that growth in my new role as vice chairman at Ryan,” Kanabar said.

The firm’s services span corporate tax and regulatory advisory, M&A tax structuring, indirect tax, transfer pricing, and cross-border trade compliance, according to the statement.

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