Ryan’s strategic investment in Dhruva strengthens its presence across India, Middle East, and Asia, while Dhruva extends its global reach through alignment with Ryan.
MUMBAI, India, and DALLAS, Texas (September 29, 2025) Dhruva, a premier tax advisory firm with deep expertise across the India, Middle East and Asia today announced a strategic investment by Ryan, a leading global tax services and software provider. The partnership represents a significant and strategic advancement for Ryan to expand its presence in India, Middle East, and Asia, and to enhance its ability to serve clients in high-growth markets, while reinforcing its global presence and capabilities.
As part of this transaction:
- Ryan will acquire a majority stake in Dhruva, creating a joint venture with Ryan in India.
- Ryan senior leadership will join the Board of Dhruva.
- The partners of Dhruva will acquire equity in Ryan, ensuring strong alignment of interests.
- Dinesh Kanabar, CEO of Dhruva, 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. “By leveraging Dhruva’s hands-on, local tax experts with our integrated, end-to-end tax solutions, our teams will deliver unrivaled client success in these flourishing markets. I welcome Dinesh to our leadership team and look forward to his contribution to our global growth plans.”
Founded in 2014 by Dinesh Kanabar, Dhruva has grown into one of the fastest-rising and most respected tax advisory firms in India and the UAE. With 38 partners and senior leaders, supported by over 500 professionals across 11 offices in India, the Middle East, and Singapore, Dhruva advises clients in industries including aerospace, automotive, chemicals, finance, healthcare, technology, and real estate.
“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. “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.”
Dhruva’s services span corporate tax and regulatory advisory, M&A tax structuring, indirect tax, transfer pricing, and cross-border trade compliance.
This move builds upon Ryan’s longstanding presence in India, where the firm has operated for more than 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.
About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of international tax services on a multijurisdictional basis, including cost management, compliance, consulting, and technology services. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 5,900 professionals and associates serves over 77,000 clients in more than 80 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
About Dhruva
Dhruva offers a wide range of services in the tax and regulatory space to clients in India and around the world. It has been consistently rated as India Tax Firm of the Year. With a highly regarded and experienced team of professionals, we provide well-thought-out strategies and solutions to complex problems in tax and regulatory matters. Dhruva professionals have advised on some of the most significant transactions and have handled several of the largest and most critical tax controversies and related matters in India. The firm also has a strong track record of designing and implementing pioneering solutions in several areas of domestic and international tax. The team at Dhruva has deep industry experience across virtually all sectors, including Aerospace & Defense, Automobile & Ancillary, Agro & Chemicals, Conglomerates, Energy & Resources, Education, Financial Services, IT, Manufacturing, Pharma, Life Sciences & Healthcare, Private Equity, Real Estate, Transport, Telecom & Media. More information about Dhruva can be found at dhruvaconsultants.com.