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
September 24, 2018
Tata Steel will pay $595-650 million for Usha Martin's steel business in cash. ...More
By Vaishnavi Gupta
September 22, 2018
The startup is planning to use the funds to primarily expand operations. ...More
By Vaishnavi Gupta
September 21, 2018
Atman's Founder Chinmay Mirji will join Bengaluru office of HSA as a partner. ...More
By Vaishnavi Gupta
September 21, 2018
In the first year of the partnership, Torino Motors will open 40 exclusive stores for TVS Motor in M ...More
By Vaishnavi Gupta
September 20, 2018
Samara Capital is acquiring 51% stake while the remaining 49% would be acquired by Amazon. ...More
By Vaishnavi Gupta
September 20, 2018
With this acquisition, Jain Irrigation's water management technology product offerings will expand. ...More
By Vaishnavi Gupta
September 18, 2018
Walmart-owned Flipkart is in talks to acquire a stake in Hotstar, Star India’s video streaming servi ...More
By Vaishnavi Gupta
September 18, 2018
UberEats has tied-up with Tata AIG for offering comprehensive insurance covers to its delivery execu ...More
By Vaishnavi Gupta
September 17, 2018
Fluido is the second entity which will be acquired under the leadership of Salil Parekh. ...More
By Ritu Marya
September 14, 2018
The move will ramp up its online grocery business in Mexico and Chile. ...More
By Vaishnavi Gupta
September 13, 2018
The raised funds will be used to build the brand, expand distribution, and increase product offering ...More
By Vaishnavi Gupta
September 12, 2018
It is an all-cash deal, however, the company has not disclosed the financial details of the transact ...More
By Vaishnavi Gupta