Indian advisory firm Acquisory sets up office in Dubai
Acquisory, an Indian advisory firm, has launched a new office in Dubai, its first outside its home market.
Founded in 2010 in India, Acquisory has since its inception grown into a 300-person management consulting firm with a presence in New Delhi, Mumbai, and Bengaluru. The company specialises in areas such as mergers & acquisitions, taxation, financial reporting, operations and risk consulting, cyber risk and forensics.
With the opening of an office in Dubai, its first in the Middle East, Acquisory aims to provide its services to businesses and clients in the UAE, Saudi Arabia, and other Gulf Cooperation Council (GCC) states. The Dubai office will initially focus on two lines of business: mergers & acquisitions and tax advisory services.
“Given the strategic importance of Middle East and growth and innovation being witnessed in UAE, as a firm, we wanted to be part of the growth story and partner and support our clients with advisory solutions in the Middle East,” said Sumchit Anand, Managing Partner of Acquisory. “Our foray into the Middle East will allow us to offer our expertise and solution driven services to businesses across the region.”
To lead the Dubai office, Acquisory has brought in Hany Elnaggar as Partner and Leader of its Tax & Compliance practice in the Middle East. He brings more than 25 years of experience across industries and jurisdictions across Middle East, in direct and indirect tax, international tax planning, transfer pricing, zakat, tax audit, and tax appeals.
Elnaggar joins from counterpart Dhruva Consultants, where he held a leadership role. Earlier in his career, he worked for over two decades at PwC, the Egyptian Tax Authority, Novartis, ACWA Power, Ericsson, Nissan and Al Tayer Group.
Commenting on his move and the ambitions, Elnaggar said: “Our expansion into the Middle East reflects our commitment to providing clients with practical and region-specific tax and compliance solutions. With the UAE emerging as a leading business hub, our goal is to support companies in navigating the evolving tax landscape across the GCC with clarity and confidence.”
“The Middle East is entering a new era of tax transformation, and we are proud to contribute our regional expertise to help clients manage compliance and strategic tax planning.”
Gateway for GCC expansion
Looking ahead, Anand highlighted that Dubai will serve as a springboard for further expansion. “Acquisory’s presence in Dubai will serve as a gateway for our growing client base, and establish a foundation for our further plans to expand into Abu Dhabi and Saudi Arabia.”
