Ryan, Dhruva Advisors to form JV in India

Core Insights - Ryan has announced a joint venture with Dhruva Advisors to enhance its service offerings in growing markets and increase international presence [1] - Ryan will acquire a majority share in Dhruva Advisors, with senior leaders from Ryan joining Dhruva's board [1][2] - Dinesh Kanabar, chairman and CEO of Dhruva Advisors, has been appointed as vice chairman of Ryan [2] Company Overview - Dhruva Advisors was founded in 2014 and has offices in India, the Middle East, and Singapore, serving clients across various industries including aerospace, chemicals, automotive, finance, healthcare, technology, and real estate [2] - The firm has a team of 38 partners and senior leaders, supported by a workforce of 500 [2] Service Offerings - Dhruva Advisors provides services such as corporate tax, regulatory and controversy advisory, M&A tax advisory, indirect tax, transfer pricing, and trade compliance [3] - Ryan has been operating in India for over two decades, primarily based in Hyderabad, and this partnership is expected to broaden its reach in Asia and the Middle East [3] Strategic Importance - Ryan's chairman and CEO, G. Brint Ryan, emphasized that this investment reflects the company's commitment to serving clients in growth regions with evolving regulations [4] - The partnership aims to leverage local tax expertise from Dhruva Advisors alongside Ryan's integrated tax solutions to enhance client success in these markets [4] - The collaboration is seen as a significant milestone in Dhruva's global growth journey, extending its global reach [4]