The merger will give Deloitte control over BMR
Advisors’s (BMR’s) tax team, which is
led by Rajeev Dimri and Gokul Chaudhuri. The merger will also
see more than 20 partners and 350 tax professionals from BMR
move to Deloitte over the next few months.
BMR was founded in 2004 by Dimri, Bobby Parikh and Mukesh
Butani. The three co-founders had previously worked at EY.
Prior to working at EY, they had worked at Arthur Andersen
before the firm was wound up in 2001-2002. BMR’s
Rohit Berry is considering offers from Deloitte, PwC and KPMG
regarding its mergers and acquisitions, corporate finance and
risk advisory team.
Deloitte’s acquisition of BMR’s
tax practice would be the Big 4 firm’s second
within a year. Under N Venkatram’s leadership,
Deloitte acquired up to 40 partners and 500 tax professionals
from KPMG’s advisory team.
The merger comes in the new tax climate arising for the
implementation of GST. It will also be an opportunity to close
the gap between the Deloitte and the current market leader in
tax advisory services, EY.