News story by PTI
This merger will combine strengths of both organizations across corporate finance, transactions tax, transaction support and risk consulting businesses – areas in which the BMR Firm had built a strong market presence over the last decade, a company statement said.
Arun M. Kumar, Chairman and CEO, KPMG in India, commented, “The talented professionals of BMR embody ethos and values similar to ours, aligning naturally with KPMG’s culture. This was a very important consideration for the leaders of both firms. The combined domain expertise of the two firms will significantly enhance KPMG’s impact in the Indian market, strengthening our ‘One M&A’ initiative and our Risk Consulting offerings. We are confident that our current and prospective clients will derive immense value from the strengths that our new colleagues will bring to our firm.”
Joining the KPMG family is a team that has worked together for a considerable period of time and now consists of 12 partners and over 100 highly talented professionals.
Rohit Berry, who currently leads the M&A practice at BMR, will join KPMG as Deputy Head of Deal Advisory. With a specialisation in originating, structuring and implementing cross border and domestic transactions, Rohit has over two decades of experience in advising on complex M&A matters.
Commenting on the combination, he said, “My partners and I are extremely pleased to be part of the KPMG family and believe this provides the right platform for our team to grow professionally and increase their impact on clients in many ways. For instance, KPMG’s large base of Japanese companies fits with the strengths of the BMR M&A team; jointly we will be best equipped to meet the needs of Japanese businesses in India.”
Vivek Gupta will head the Tax M&A team at KPMG. He currently leads the transaction tax and restructuring vertical at BMR and has acted on some of the largest transactions in corporate India over the last two decades. Vivek said, “Transactions tax is a fundamental growth driver in today’s India. KPMG’s commitment to leadership in Tax M&A, alignment in our values and an extremely forward looking and integrated business strategy makes me very excited to be part of this team.”
Sanjay Mehta, Co-founder and Partner, BMR, who also leads the Risk and Business Advisory practice there, will join as a Senior Advisor and will support the firm on key strategic initiatives being implemented as part of the new strategy being rolled out at this time. He brings with him experience of over three decades in assurance, business process risk consulting and financial diligence. Mehta commented that he was pleased to see the combination of BMR with KPMG in India and that he saw this as a winning proposition for both teams to grow business and further enhance professional growth.
With this joining of Transactions (M&A) and Risk Consulting Businesses of BMR, KPMG will secure its position as one of the most respected transactions teams in the country. With this team of 12 partners and 100 professionals joining the firm, KPMG feels this is a clear endorsement of its market momentum, and its values and culture.