Dinesh Kanabar | |
|---|---|
 | |
| Nationality | Indian |
| Occupation | Founder and CEO, Dhruva Advisors |
| Years active | 1980-present |
| Known for | tax expert, Vodafone litigation |
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, and the founder and Chairman of NovaDhruva Capital, a boutique investment bank. Prior to founding Dhruva, Kanabar held various positions, including Deputy CEO of KPMG in India and Deputy CEO of RSM.[3][4] Kanabar has acted as an informal advisor to Prime Minister Narendra Modi[1] and was internationally known for his involvement in the Vodafone tax litigation.[5][6]
Early career
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.[7][8]
In 2010, Dinesh Kanabar joined KPMG as its Deputy CEO, where he was responsible for the Tax Advisory and Markets practices.[7] 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.[9][5][10]
Dhruva Advisors
In 2014, Kanabar founded Dhruva Advisors, a full services Tax and Regulatory boutique firm which focuses on Tax Advocacy, Tax Litigation, Mergers & Acquisitions, etc.[3] 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.[11][12] 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 making it the first firm with the rare feat of getting the award for four years in a row.[13] International Tax Review also recognised Dhruva Advisors as India Tax Disputes Firm of the Year 2020 by ITR's Asia Tax Awards, 2020. [14] Kanabar was also recognised as Asia Tax Practice Leader of the Year- 2020 by International Tax Review Asia Tax Awards 2020.
Kanabar has worked with the Government on several committees to help promote foreign investment in India, tax reforms, and the like. He has engaged in ongoing consultations with the Government on the implementation of the Goods and Services Tax.[1]
In August 2017, Kanabar joined with Sunil Sanghai, formerly the Indian investment banking head for HSBC Holdings, to launch a joint venture in investment banking solutions, called NovaDhruva Capital. Kanabar serves as the company's Chairman.[15][16]
Memberships
Kanabar is a fellow member of the Institute of Chartered Accountants of India.[7] 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.[7] He is a Board Member on Reliance Jio Infocomm Limited and also an Independent and Non-Executive Director for Adani Green Energy.[17]
Personal life
Kanabar is an avid philatelist.[18][19]
References
- ↑ 1.0 1.1 1.2 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.
- ↑ 3.0 3.1 "Deputy CEO of KPMG India, Dinesh Kanabar, to quit". The Hindu. September 10, 2014. Retrieved November 21, 2017.
- ↑ Einhorn, Bruce (November 2016). "Tata's Messy Divorce Adds to Its Problems". Bloomberg. Retrieved November 21, 2017.
- ↑ 5.0 5.1 Thirani, Neha (April 19, 2012). "Vodafone's Legal Notice Against India". New York Times. Retrieved November 21, 2017.
- ↑ Sharma, Amol (January 21, 2012). "Vodafone Overturns Tax Bill in India". The Wall Stree Journal. Retrieved December 5, 2017.
- ↑ 7.0 7.1 7.2 7.3 Vyas, Maulik (September 10, 2014). "Dinesh Kanabar quits KPMG, to set up his own advisory firm". Economic Times. Retrieved November 21, 2017.
- ↑ Gupta, Bhawna (September 10, 2014). "KPMG India's deputy CEO Dinesh Kanabar quitting to start own venture". VC Circle. Retrieved November 21, 2017.
- ↑ Srivastava, Samar (March 17, 2012). "Listen Vodafone: Heads We Win, Tails You Lose". Forbes. Retrieved November 21, 2017.
- ↑ "Chairmen and Speakers". Foundation for International Taxation. Retrieved November 21, 2017.
- ↑ "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.
- ↑ "HSBC India investment banking head Sunil Sanghai quits". Economic Times. August 28, 2017. Retrieved November 21, 2017.
- ↑ "HSBC India i-banking head Sanghai quits". Times of India. September 2, 2017. Retrieved November 21, 2017.
- ↑ "Board of Directors". Adani Renewables. Retrieved February 16, 2021.
- ↑ Dhruva Advisors CEO started collecting stamps 20 yrs ago to ensure work-life balance
- ↑ Dave, Sachin (May 13, 2017). "Spare us from steepest slab of 28% under GST: Stamp collectors to Arun Jaitley". The Economic Times. Retrieved November 21, 2017.