Ryan, a global tax services and software provider, has announced a strategic investment in Dhruva Advisors, a prominent India-based tax advisory firm, establishing a joint venture that will significantly expand Ryan’s service capabilities and presence across India, the Middle East, and Asia.
As part of this transaction, Ryan will acquire a majority stake in Dhruva Advisors, creating the joint venture with Ryan in India. The agreement also includes Ryan senior leadership joining the Board of Dhruva Advisors, while partners of Dhruva Advisors will acquire equity in Ryan. Dinesh Kanabar, Chairman and CEO of Dhruva Advisors, will assume the role of Vice Chairman at Ryan.
G. Brint Ryan, Chairman and CEO of Ryan, stated that the investment highlights Ryan’s dedication to clients in strong growth regions with evolving regulations. He noted that combining Dhruva Advisors’ local tax expertise with Ryan’s integrated, end-to-end tax solutions will enable their teams to deliver enhanced client success in these flourishing markets. Ryan welcomed Dinesh Kanabar to the leadership team, anticipating his contributions to the firm’s global growth plans.
Founded in 2014 by Dinesh Kanabar, Dhruva Advisors has established itself as a leading tax and regulatory advisory firm. With 11 offices spanning India, the Middle East, and Singapore, the firm has gained recognition over the past decade as one of the fastest-growing and most respected tax advisory firms in India and the United Arab Emirates. It serves a diverse client base across numerous sectors, supported by 38 partners and senior leaders and a team of 500 members.
Dinesh Kanabar commented that joining Ryan marks a significant step in Dhruva’s global expansion, extending its reach. He added that the partnership was chosen because it offers a robust platform for both clients and team members for continued success, citing the alignment between the respective leadership teams to address the growing needs of multinational clients. Kanabar expressed anticipation for driving that growth in his new Vice Chairman role.
Dhruva Advisors provides a range of services, including corporate tax, regulatory, and controversy advisory; merger and acquisition (M&A) tax advisory encompassing structuring, business reorganizations, and family office planning; and indirect tax, transfer pricing, and trade compliance services such as Goods and Services Tax (GST), Value Added Tax (VAT), intercompany pricing, customs advisory, and cross-border trade compliance. This collaboration builds on Ryan’s existing presence in India, where it has operated an office in Hyderabad for over two decades. The joint venture with Dhruva Advisors will broaden Ryan’s geographical footprint across the broader Asia and Middle East region, adding offices in Dubai, Abu Dhabi, Riyadh, and Singapore.
