Ascentium India Acquires PR Bhuta Advisory Division

Ascentium India, formerly known as InCorp Advisory, has acquired the consulting and advisory division of PR Bhuta & Co. (PRB), a Mumbai-based chartered accountancy firm specialising in foreign exchange regulations, international taxation and cross-border advisory.
 

The acquisition strengthens Ascentium India's capabilities in international tax and cross-border transactions, bringing PRB's 47-year track record and specialist expertise into its broader professional services platform.

The financial details of the transaction were not disclosed. 

The acquisition includes expertise in FEMA regulations, international taxation, transfer pricing, NRI taxation and cross-border structuring.

PR Bhuta & Co.’s advisory leadership team will join Ascentium India, bringing its experience in cross-border advisory and related professional services.

Acquisition Expands Cross-Border Advisory Services

PR Bhuta & Co.'s consulting and advisory division specialises in several areas, including:

Foreign Exchange Management Act (FEMA): Regulatory advisory and compliance for foreign exchange transactions.

International taxation: Tax matters involving businesses and individuals operating across countries.

Transfer pricing: Tax-related rules governing transactions between related entities in different jurisdictions.

NRI taxation and valuation: Advisory services for non-resident Indians and valuation-related requirements.

Cross-border structuring: Guidance on structuring international investments and business transactions.

These capabilities are expected to complement Ascentium India's existing services in taxation, regulatory advisory, corporate restructuring, fund services and international expansion.

Leadership Team Joins Ascentium India

As part of the transaction, PRB's leadership team will join Ascentium India. CA Pankaj Bhuta, Founder and Principal Advisor, brings more than 47 years of experience in FEMA and cross-border advisory. CA Harshal Bhuta, a partner at the firm, specialises in complex cross-border tax matters.

The integration is intended to provide clients with access to a broader range of advisory services while maintaining continuity with their existing team.

“Cross-border decisions rarely sit within one discipline. A single investment or transaction can raise FEMA, tax, valuation and structuring questions simultaneously, and clients should not have to reconcile that advice across multiple advisers.” - Manish Modi, CEO of Ascentium India

The acquisition comes amid increasing demand for integrated professional services as businesses manage international investments, mergers and acquisitions, regulatory obligations and global mobility.

By combining PRB's specialist experience with its wider service platform, Ascentium India aims to support corporates, promoters, family offices, non-resident Indians and international investors across their cross-border transactions and compliance requirements.