your password has been reset successfully, Please login again.

BMR Advisors is all set to Merge with Deloitte India

BMR Advisors merger involve the entire team of both direct and indirect tax partners to finalise the merger deal.
BY BEx Bureau
BusinessEx
Jul 18, 2017

Big Four firms Deloitte, KPMG and PWC were bidding to buy BMR Advisors. But after considering all the prospects of offers made by firms the deal is finalised and Deloitte India has successfully acquired corporate tax practicing firm BMR Advisors.

There is no official statement as of now but N Venkatram, CEO of Deloitte declares that the offer company made is approved by BMR Advisors.

It is expected that Deloitte will get one of the top two spots in this segment after the deal is completed as EY is in the first place and PWC is in the second position for now.

Sunil Chandiramani, ex-leader of EYs advisory practice said, "Tax is one of the most profitable practices for any Big Four. The only thing that hinders growth in tax is the shortage of quality talent. Also, in tax, many clients tend to move with their advisors. So this deal will be value accretive to any of the big firms."

The advisory firm was founded in 2004 by Mukesh Butani, Bobby Parikh, and Rajeev Dimri. The firm provides consultation services in tax, risk and MA segment both domestically and internationally.

Please add your Comment
SIMILAR News
April 12, 2018
New Delhi-based startup Chariot has raised Rs.2 crore funding from GEMS Partners. ...More
By Ritu Marya
April 10, 2018
Yumlane's parent company QwikPik secures Rs.26 crore funding from RB Investments and its existing in ...More
By Ritu Marya
April 05, 2018
Digital lending startup Namaste Credit secures $3.8 million funding from Nexus Venture Partners. ...More
By Ritu Marya
April 03, 2018
Ride-hailing company Ola buys public transport ticketing app Ridlr. ...More
By Ritu Marya
April 03, 2018
MoveInSync secures $8 million funding in Series B round led by Nexus Venture Partners. ...More
By Ritu Marya
March 31, 2018
Nandan Nilekani and Sanjeev Aggarwal venture capital fund Fundamentum secures $20 million funding fr ...More
By Ritu Marya
March 30, 2018
Google makes its second direct investment in Mumbai-based fashion e-commerce platform Fynd. ...More
By Ritu Marya
March 28, 2018
Delhi-based workforce management startup Roadcast secures $250,000 in an angel funding round. ...More
By Ritu Marya
March 28, 2018
Micro-lending platform SmartCoin raises $2 million funding in Pre-Series A round led by multiple inv ...More
By Akshay Arora
March 27, 2018
DriveU raises $3 million funding in Pre-Series A round led by multiple investors. ...More
By Akshay Arora
March 27, 2018
Cash Suvidha secures $1 million in Pre-Series A round from Initia Holdings, others. ...More
By Akshay Arora
March 07, 2018
Agri-tech startup Gramophone raises $1 million funding in pre-Series A round led by Info Edge. ...More
By Akshay Arora