New Delhi, Sept. 29 -- Tax advisory firm Dhruva Advisors on Tuesday announced an undisclosed strategic investment from Ryan Llc, a US-based global tax services and software provider.

According to the transaction, Ryan will acquire a majority stake in Dhruva to create a joint venture with Ryan in India. While Ryan's senior leadership will join the board of Dhruva, the latter's partners will acquire equity in Ryan.

"Tax is now a global phenomenon and the supply chain is challenged because of tariffs. Clients are looking for global solutions and Ryan will be able to provide that. At the same time, Ryan has 7,000-plus clients and they are looking at ways to get services for them. This is a huge opportunity," Dinesh Kanabar, chief executive ...