Dhruva Advisors Partners with Ryan for Global Expansion in Tax Services
Ryan, a global tax services provider, is set to acquire a majority stake in Dhruva Advisors, a prominent Indian tax advisory firm. The partnership aims to expand Dhruva's global client footprint, focusing on strengthening presence in Asia and the Middle East. Dinesh Kanabar, CEO of Dhruva, will become Vice Chairman of Ryan. Dhruva partners will acquire equity in Ryan. The collaboration will provide Indian clients with access to a broader range of global services and Ryan's advanced tax technologies. Dhruva Advisors will maintain its brand identity despite the acquisition.
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Dhruva Advisors, a prominent tax advisory firm, has announced a strategic partnership with Ryan, a global tax services provider. This collaboration marks a significant milestone in the international tax services landscape, with Ryan set to acquire a majority stake in Dhruva Advisors.
Key Highlights of the Partnership
- Ryan to acquire a majority stake in Dhruva Advisors
- Dinesh Kanabar, CEO of Dhruva, to become Vice Chairman of Ryan
- Dhruva partners to acquire equity in Ryan
- Partnership aims to expand Dhruva's global client footprint
- Focus on strengthening presence in Asia and the Middle East
Strategic Benefits
The partnership between Dhruva Advisors and Ryan is poised to bring several advantages to both firms and their clients:
Global Reach: Dhruva Advisors will leverage Ryan's extensive global network to explore new markets and provide seamless tax services worldwide.
Enhanced Services for Indian Clients: The collaboration will provide Indian clients with access to a broader range of global services.
Training Opportunities: The partnership is expected to offer valuable training opportunities for professionals in both organizations.
Access to Advanced Technologies: Dhruva will gain access to Ryan's global tax technologies, enhancing its service capabilities.
Cultural Alignment: Brint Ryan, Chairman and CEO of Ryan, emphasized the strong cultural alignment between both firms, which is crucial for a successful partnership.
Market Context
This strategic move comes at a time of significant global changes in trade and supply chains. Both Dhruva Advisors and Ryan anticipate benefiting from current market conditions, positioning themselves to better serve clients navigating complex international tax landscapes.
Preserving Brand Identity
Despite the majority stake acquisition, Dhruva Advisors will maintain its brand identity. This approach allows the firm to continue leveraging its strong reputation in the Indian market while benefiting from Ryan's global resources and expertise.
Leadership Transition
As part of this strategic partnership, Dinesh Kanabar, the current CEO of Dhruva Advisors, will take on the role of Vice Chairman at Ryan. This transition signifies the integration of leadership and expertise from both organizations.
Conclusion
The partnership between Dhruva Advisors and Ryan represents a significant development in the global tax advisory landscape, promising enhanced services and expanded opportunities for clients and professionals alike.
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