Dhruva to leverage Ryan partnership for global client footprint, says Dinesh Kanabar

Dhruva Advisors plans to leverage its new partnership with global tax services provider Ryan to expand its footprint for clients across the world, CEO Dinesh Kanabar said in an interview with CNBC-TV18.

The strategic investment will see Ryan acquire a majority stake in Dhruva, with its senior leadership joining the board of the Indian firm. Meanwhile, the partners of Dhruva will acquire equity in Ryan and Kanabar will take on the additional role of Vice Chairman of Ryan. The partnership is expected to strengthen Dhruva’s presence in Asia and the Middle East.

Kanabar said the tie-up with Ryan was a natural fit. “We see it as a partnership where we benefit from the Ryan network, are able to provide global services to our Indian clients, give our people opportunities to train globally and get access to global technologies in tax,” he said. “In turn, we can provide services to Ryan’s global clients in India and the GCC.”

Brint Ryan, Chairman and CEO of Ryan, said the Dhruva team had built a strong business across India and the Middle East. “Frankly, we could not have found a better partner to help us achieve our ambition of building a tax services firm that can serve our clients wherever they may need us,” he said. He added that the cultural alignment and go-to-market strategy of both firms made the collaboration compelling.

Kanabar also highlighted that the timing of the partnership comes at a moment of global change in trade and supply chains. “People are going to increasingly relook at supply chains and ensure that the trade and tariff barriers which have been set can be addressed appropriately. To your point, do we see a benefit from the current environment? Absolutely, yes, we do,” he said.

Both leaders emphasised that Dhruva will retain its brand identity while benefiting from Ryan’s global reach. The partnership will also allow both firms to explore new markets and opportunities, leveraging expertise and technology to provide seamless tax services across the globe.

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