- Three CA Firms have merged with Kirtane & Pandit, a 60-year-old Accounting, Auditing and Consulting firm in India
- The firms include Mumbai’s R U Kamath & Co., New Delhi’s PGSJ & Co., and Pune’s Purandare & Narwadkar.
- This strategic move aims to strengthen Kirtane & Pandit’s position in India’s accounting and auditing landscape.
Kirtane and Pandit: Its services and team members
Kirtane & Pandit is an Accounting, Auditing, and consulting firm with a well-established network of financial experts across India.
The firm provides Audit and assurance, Tax, BFSI & NBFCs, Consulting and advisory, IT & Cyber Security, and Outsourcing services to reputed & listed companies from various industries across the globe.
They have over 700 employees, including 30 partners spread across seven cities in India.
Kirtane & Pandit is also a member of the USA’s PCAOB (Public Company Accounting Oversight Board) and SEC (Securities and Exchange Commission) and has a global footprint across 15 countries, offering seamless cross-border solutions.
Firms that merged with Kirtane & Pandit
R U Kamath & Co.
It is a Mumbai-based CA firm that was established in 1983. The firm comprises 3 Partners and more than 30 experienced staff, specializing in Audits, GST, and Direct Tax.
Their Partners include,
- CA R. U. Kamath is the founder of the firm.
- CA Sandeep Patil has over ten years of experience in Assurance and Advisory.
- CA Dharmesh Tailor has experience in Indirect Taxes with a specific focus on Advisory, Implementation, and Compliance Management.
PGSJ & Co.
It is a Delhi-based firm that was established in 2017.
The firm consists of 4 Partners, namely,
- CA Gaurav Sukhija, heading the Corporate Finance practice
- CA Prateek Goyal heading the Risk Assurance Service
- CA Chirag Garg, handling the Assurance practice.
- CA Sunchit Jindal has expertise in Income Tax, International Tax, and GST
Purandare & Narwadkar
It is a Pune-based firm that was formed in August 2011.
Purandare & Narwadkar comprises more than 14 qualified Chartered Accountants specializing in Audit, Accounting, Taxation, and Outsourcing solutions.
Their Partners include,
- CA Akshay Purandare – Co-Founder at Purandare & Narwadkar. He also served as an Audit Assistant at Kirtane & Pandit from 2008 to 2011.
- CA Kunal Narwadkar. Partner at Purandare & Narwadkar. He previously was a Manager at Kirtane & Pandit.
This merger will consolidate Kirtane & Pandit’s presence in the accounting and consulting sector.
Here are some of the reasons why this movement will benefit the firm:
- Expand its reach: The merger will allow it to expand and provide more services to clients with the help of the talent from the other three firms.
- Gain expertise: The three merging firms have different areas of expertise. This will let Kirtane & Pandit offer its clients a more comprehensive range of services.
- Increase resources: Kirtane & Pandit’s resources will increase, including workforce, financial resources, and technology. This will help the firm to serve its clients better.
Once the news was announced, many well-wishers took to LinkedIn to show support.
CA Sandeep Welling, the Managing Partner of Kirtane & Pandit, expressed his excitement in a LinkedIn article. He said, “I believe that the merger is a strong testament to the firm’s commitment to growth and evolution, forging new possibilities with a shared vision and unwavering dedication.”
CA Ramanath Kamath, Partner at R U Kamath & Co., emphasized that the partnership with Kirtane & Pandit enhances their capabilities, allowing them to thrive on a broader canvas.
The merger marks a return to familiar territory for CA Akshay Purandare and CA Kunal Narwadkar, Partners at Purandare & Narwadkar. This homecoming fills them with pride and reaffirms their commitment to providing clients with a wide range of services.
Similarly, CA Gaurav Sukhija, Partner at PGSJ & Co., shared his perspective on the merger, stating that it creates a powerful synergy.
Wrapping up…
Prime Minister Narendra Modi once said,’ I do not want to see only the Big 4 in India, but I want to see the Big 8 of India going overseas. I want to see a global firm that was started in India.’
This merger represents an exciting milestone for Kirtane & Pandit, as it will unveil the boundless opportunities contributing to India’s growth on a global scale.
We at The Finance Story are thrilled to witness CA firms in India uniting to strengthen the accounting and auditing profession.
