Under an arrangement, K Ravi & Co will combine its 20 people team in Chennai with BMR, helping the latter build its practice at a national level. BMR Advisors is already present in South India with an office at Bangalore. "This is a strategic acquisition for us. It will give us an on-the ground presence in Chennai to meaningfully serve our existing clients in Chennai and tap new relationship and clientele," Bobby Parikh, Managing Partner, BMR Advisors, told VC Circle.
BMR Advisors, formed in 2004 by Parikh and Mukesh Butani, former partners at Arthur Anderson and Ernst & Young, currently has offices in Delhi, Mumbai and Bangalore, besides New York, London, and San Francisco. It opened an office in Bahrain earlier this year. It has 26 partners and over 375 people.