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
March 20, 2019
The South Korean automotive companies, Hyundai Motors and Kia Motors on Tuesday proclaimed that they ...More
By Jaspreet Kaur
March 20, 2019
On Wednesday’s morning, the shares of the IT sector are trading in the positive spectrum. ...More
By Jaspreet Kaur
March 16, 2019
The smartphone maker, Xiaomi has taken this decision in order to surge the sales ...More
By Jaspreet Kaur
March 16, 2019
Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter ha ...More
By Jaspreet Kaur
March 14, 2019
The investing groups along with Softbank Corp and Toyota Motor Corp are deciding on to endow money u ...More
By Jaspreet Kaur
March 14, 2019
The present deal has ruled out adversaries of OYO that are, Treebo Hotels-financed by SAIF Partners ...More
By Jaspreet Kaur
March 13, 2019
With this move, the conglomerate company has incremented 5-10 points in respect of cost that the com ...More
By Jaspreet Kaur
March 13, 2019
The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj ...More
By Jaspreet Kaur
March 12, 2019
JMC Projects, an Indian Construction and Engineering Company, revealed that it has accumulated contr ...More
By Jaspreet Kaur
March 12, 2019
By launching daycare facility, BOB has become the first bank amid public sector banks to offer this ...More
By Jaspreet Kaur
March 11, 2019
By joining the PSB platform, the private bank, Kotak Mahindra Bank will be rendering loans to MSME e ...More
By Jaspreet Kaur
March 11, 2019
The tech giant is dire in adapting anti-snooping policy that will, in turn, safeguard iPhone users’ ...More
By Jaspreet Kaur