Mumbai, Feb 12 (UNI) RSM and PricewaterhouseCoopers have decided to merge their tax practices with effect from April 1, 2007, making the combined firm the largest Accounting entity in the country.
The combined operations will be under the common brand of PricewaterhouseCoopers and headed by their current Chairman and CEO, Mr Rathin Datta, an official release today announced.
''With the service sector growing at a rapid pace, it is natural to combine the strengths. The synergies will enhance the delivery capability of our firm,'' Mr Datta opined.
Though PricewaterhouseCoopers is a member firm of PricewaterhouseCoopers International Limited, it retains a seperate and independent legal entity, registered as a limited company in India.
On the other hand, Ambit RSM is an Indian group, engaged in providing financial services like investment banking, financial consultancy, stock-broking, tax&business advisory services.