Global tax services and software provider Ryan has announced a joint venture (JV) with Dhruva Advisors, a tax advisory firm in India.
This move is intended to enhance Ryan’s service offerings in growing markets and increase its international presence.
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The transaction will see Ryan obtaining a majority share in Dhruva Advisors.
Senior leaders from Ryan are set to join Dhruva Advisors’ board, while partners from the latter will gain equity in Ryan.
Dhruva Advisors chairman and CEO Dinesh Kanabar is appointed as vice chairman of Ryan.
Founded by Kanabar in 2014, Dhruva Advisors has offices in India, the Middle East, and Singapore.
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By GlobalDataThe firm serves a diverse clientele across multiple industries, including aerospace, chemicals, automotive, finance, healthcare, technology, and real estate.
Dhruva Advisors’ team comprises 38 partners and senior leaders, supported by a workforce of 500.
Their services encompass corporate tax, regulatory and controversy advisory, M&A tax advisory, indirect tax, transfer pricing, and trade compliance.
The investment by Ryan builds on its existing operations in India, where it has been present for over two decades, with a primary base in Hyderabad.
The partnership is expected to broaden Ryan’s reach in the Asia and Middle East regions, including offices in Dubai, Riyadh, Abu Dhabi and Singapore.
Ryan chairman and CEO G. Brint Ryan said: “This strategic investment underscores Ryan’s commitment to serving clients in strong growth regions with evolving regulation.
“By leveraging Dhruva Advisors’ hands-on, local tax experts with our integrated, end-to-end tax solutions, our teams will deliver unrivalled client success in these flourishing markets. I welcome Dinesh to our leadership team and look forward to his contribution to our global growth plans.”
Kanabar stated: “Joining Ryan is a major milestone in Dhruva’s global growth journey as this partnership extends our global reach.”
In 2025 Ryan acquired Inspired Corporate Advisory, which focuses on tax advisory and compliance, specialising in research and development, capital allowances, and patent box incentives.
