Ke­tan Dalal Quits PwC, to Start Ad­vi­sory

The Economic Times - - Ca­reers: The Fast Track - Sachin.Dave@ times­group.com

Mum­bai: Ke­tan Dalal, western re­gional man­ag­ing part­ner with PwC In­dia and one of the top tax ad­vi­sors in the coun­try, re­signed from the firm on Mon­day. Dalal, who quit PwC af­ter al­most a decade, will start his own bou­tique ad­vi­sory firm.

Bi­mal Tanna, a deals part­ner based in Mum­bai, is set to re­place Dalal in the lat­ter’s role as western re- gion man­ag­ing part­ner for PwC.

Dalal, a se­nior tax part­ner with PwC joined the firm in 2007 with tax stal­wart Di­nesh Kan­abar af­ter PwC merged with In­dian firm RSM.

In 2009, PwC saw a huge ex­o­dus af­ter Kan­abar re­signed to join KPMG. Dalal, along with Shya­mal Mukher­jee, re­placed Kan­abar to head PwC’s tax and reg­u­la­tory prac­tice.

Dalal was also one of the se­nior part­ners at PwC and an in­te­gral part of the se­nior lead­er­ship team that helped sta­bilise the firm af­ter the Satyam fi­asco in 2009. In 2016, Mukher­jee won an in­ter­nal elec­tion and re­placed Deepak Kapoor to be- come PwC In­dia’s chair­man.“Ke­tan wore many hats from co-lead­ing our tax prac­tice to be­ing the west re­gion man­ag­ing part­ner. Ke­tan is al­ready supporting Bi­mal Tanna, part­ner PwC, to tran­si­tion into the west re­gional man­ag­ing part­ner role,” said Mukher­jee.“I will con­tinue to be as­so­ci­ated with PwC in an ad­vi­sory role for some more months,” Dalal said. He is set to start his ad­vi­sory firm from April 1 af­ter serv­ing his last day in PwC on March 31.

The tax ad­vi­sory prac­tice in In­dia is mainly di­vided be­tween ad­vi­sory firms, in­clud­ing the big four—PwC, Deloitte, KPMG and EY—and some other niche firms like BMR, Dhruwa among oth­ers.

“Tax ad­vi­sory is a per­son­al­ity-driven busi­ness and clients tend to put their trust in a per­son. Most of the firms, whether in­side the big four or out­side, are run by in­di­vid­u­als who have huge eq­uity,” said the man­ag­ing part­ner of a ri­val firm.

FRESH VEN­TURE: Ke­tan Dalal

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