Dinesh Kanabar
Dinesh Kanabar | |
|---|---|
 | |
| Nationality | Indian |
| Occupation(s) | Founder and CEO, Dhruva Advisors |
| Years active | 1980–present |
| Known for | International Tax structuring, M&A Structuring, Tax Litigation, Tax Advocacy |
Dinesh Kanabar is an entrepreneur and international tax expert.[1][2] He is founder and CEO of Dhruva Advisors, one of the largest tax and regulatory boutiques in India that has been consistently rated as India Tax Firm of the year over the years. Prior to founding Dhruva, Dinesh held various positions, including Deputy CEO of KPMG in India and Deputy CEO of RSM.[3][4] Dinesh works closely with some of the largest multi-national corporations and Indian business houses advising on business, tax and regulatory matters. He has worked on some of the largest mergers and acquisitions, corporate restructuring and tax litigation engagements in the country. He also works very closely with the Government of India on Tax Policy matters.[1] Dinesh has been recognized as Asia Tax Practice Leader of the Year-2020 by International Tax Review,[5] and he regularly pens articles on a variety of subjects ranging from tax to leadership.[6][7][8][9][10][11]
Early career[edit]
Dinesh Kanabar started his career in the 1980s as a partner in a tax advisory boutique RSM & Co., which thereafter merged with PwC, a Big Four accounting firm. He continued as the Head of Tax and Regulatory practice of PwC India.[12]
In 2010, Dinesh Kanabar joined KPMG as its Deputy CEO, where he was responsible for the Tax Advisory and Markets practices.[13] In this role, he worked on some of the largest tax litigations (Vodafone) and largest cross border transactions, and did some pioneering work on resolving cross-border disputes through competent authority proceedings.[14][15][16]
Dhruva Advisors[edit]
In 2014, Dinesh founded Dhruva Advisors, a boutique full-service Tax and Regulatory firm which focuses on Tax Advocacy, Tax Litigation, Mergers & Acquisitions, etc.[17] Dhruva Advisors has been recognized as one of the fastest-growing practices in the country, and by August 2017, it grew to eight offices, four in India and one each in Singapore and United Arab Emirates.[18][19] Dhruva Advisors employs about 300 people and has 16 partners. Euromoney named Dhruva Advisors as the Indian Tax Firm of the Year in 2017, 2018, 2019, 2020 & 2021 making it the first firm with the rare feat of getting the award for five years in a row.[20] International Tax Review also recognised Dhruva Advisors as India Tax Disputes Firm of the Year 2020 by ITR's Asia Tax Awards, 2020.[21]
Dinesh has worked with the Government of India on several committees to help promote foreign investment in India, tax reforms, and the like. He is a member of the Body of Trade formed by Ministry of Commerce and Industry.[22] He has engaged in ongoing consultations with the Government on the implementation of the Goods and Services Tax.[1]
Dinesh serves as Independent Director on the Board of Jio Platforms Limited, the largest telecom service provider in India, and on Adani Green Energy Limited, the largest green energy company in India.[23] Dinesh is also a Member of the Governing Council of Shiv Nadar University.
Memberships[edit]
Dinesh is a fellow member of the Institute of Chartered Accountants of India. He is a member of the National Executive Committee of FICCI (Federation of Indian Chambers of Commerce & Industry) and is currently a mentor of the FICCI Committee on Taxation.[24]
Personal life[edit]
Dinesh is married to Seema and has two daughters, Dhruvi Kanabar and Deesha Kanabar. Dinesh is also an avid philatelist.[25][26]
References[edit]
- ^ a b c Haine, Alice (September 30, 2017). "'Don't stress about VAT in the UAE - it's not complicated at all'". The National. Retrieved November 21, 2017.
- ^ Crabtree, James (April 15, 2015). "The long arm of India's tax authorities". Financial Times. Retrieved November 21, 2017.
- ^ Vyas, Maulik. "Dinesh Kanabar quits KPMG, to set up his own advisory firm". Economic Times. Retrieved January 27, 2023.
- ^ "KPMG India deputy CEO Dinesh Kanabar to quit". Mint. Retrieved January 27, 2023.
- ^ "ITR Asia Tax Awards 2020: The Winners". August 26, 2020.
- ^ "Dinesh Kanabar writes: The fine print on direct taxes has thrown up a number of surprises". Moneycontrol. February 1, 2022. Retrieved April 21, 2022.
- ^ "Budget 2022: ITR relief to flat levy on digital assets, all's well on tax front". Economic Times. February 2, 2022. Retrieved April 20, 2022.
- ^ "Decoding the Changes to Direct Tax Laws". Business Today. March 6, 2022. Retrieved April 20, 2022.
- ^ "BEPS 2.0: How It Impacts MNCs". Business Today. February 6, 2022. Retrieved April 20, 2022.
- ^ "The point that everyone is missing in the 'Pandora Papers' leak". Economic Times. October 5, 2021. Retrieved April 20, 2022.
- ^ "View: Global tax restructuring a recognition that the existing system is weak". Economic Times. October 15, 2021. Retrieved April 20, 2022.
- ^ "PWC acquires Indian audit firm RSM to emerge No. 1". Times of India. Retrieved January 27, 2023.
- ^ "Kanabar resigns from PwC; may join KPMG". Mint. Retrieved January 27, 2023.
- ^ Srivastava, Samar (March 17, 2012). "Listen Vodafone: Heads We Win, Tails You Lose". Forbes. Retrieved November 21, 2017.
- ^ Thirani, Neha (April 19, 2012). "Vodafone's Legal Notice Against India". New York Times. Retrieved November 21, 2017.
- ^ "Chairmen and Speakers". Foundation for International Taxation. Retrieved November 21, 2017.
- ^ "KPMG India's deputy CEO Dinesh Kanabar quitting to start own venture". VCCcircle. Retrieved January 27, 2023.
- ^ "Dinesh Kanabar's Dhruva Advisors grows to 19 partners with Shardul Amarchand tax head Krisnan Malhotra". Legally India. August 12, 2016. Retrieved November 21, 2017.
- ^ "Dhruva Advisors". World Tax. Retrieved November 21, 2017.
- ^ "Dhruva Advisors adjudged Indian Tax Firm of the Year by Euromoney's international tax review". Money Advisor. May 4, 2017. Retrieved November 21, 2017.
- ^ "ITR Asia Tax Awards 2020: The Winners". August 26, 2020.
- ^ "The Gazette of India" (PDF). July 12, 2022.
- ^ "Board of Directors". Adani Renewables. Retrieved February 16, 2021.
- ^ "Arun, M. (2015). FICCI". ficci. Retrieved January 27, 2023.
- ^ Dhruva Advisors CEO started collecting stamps 20 yrs ago to ensure work-life balance
- ^ Tripathi, Smita (May 15, 2022). "Dinesh Kanabar's enviable stamp collection". Business Today.