Dhruva Advisors and Ryan announce strategic joint venture; U.S.-based firm to pick up majority stake in Dinesh Kanabar-led company

Tax advisory firm Dhruva Advisors said on Monday that Ryan, a global tax services and software provider, will acquire a majority stake in Dhruva Advisors to create a joint venture. Dhruva Advisors describes the joint venture as a strategic advancement for Ryan to expand its presence in India, the Middle East, and Asia. 

As part of the agreement, the senior leadership of Ryan will join the board of Dhruva Advisors, and the partners of Dhruva Advisors will acquire equity in Ryan. Dinesh Kanabar, CEO of Dhruva Advisors, will become a vice chairman of Ryan.

“This strategic investment underscores Ryan’s commitment to serving clients in strong growth regions with evolving regulation,” said Ryan Chairman and CEO G. Brint Ryan in a statement. “By leveraging Dhruva’s hands-on, local tax experts with our integrated, end-to-end tax solutions, our teams will deliver unrivalled client success in these flourishing markets,” his statement added.

"Joining Ryan is a major milestone in Dhruva’s global growth journey as this partnership extends our global reach,” said Dinesh Kanabar, Chairman and CEO of Dhruva Advisors. “My leadership team and I chose to partner with Ryan because we believe it provides the strongest platform for our clients and team members for continued success. I am encouraged by the alignment of our respective leadership teams to meet the growing needs of our multinational clients and look forward to driving that growth in my new role as Vice Chairman at Ryan.”

The forging of the joint venture also builds upon Ryan’s longstanding presence in India, where the firm has operated for over two decades, with a primary office in Hyderabad. Together, Ryan and Dhruva will expand across the broader Asia and Middle East region with offices in Dubai, Abu Dhabi, Riyadh, and Singapore.

Dhruva Advisors was founded in 2014 by Dinesh Kanabar and currently has 38 partners and senior leaders, supported by over 500 professionals across 11 offices in India, the Middle East, and Singapore. Dhruva advises clients across various industries, including aerospace, automotive, chemicals, finance, healthcare, technology, and real estate. Dhruva’s services span corporate tax and regulatory advisory, M&A tax structuring, indirect tax, transfer pricing, and cross-border trade compliance.