The sturdy growth of the Indian economy has been motivating entrepreneurs to venture into newer sectors of taxation business. Though the country has witnessed several accounting and tax consultants blooming in the recent past but the international taxation space has remained untouched for long. Finding a gap of apposite guidance in this sphere, Divakar Vijaya sarathy decided to venture into the international taxation consulting sector and thus founded DVS Advisors in the year 2007. The firm that had a humble beginning with just two members on board has come a long way since and is a 70 member team today. Over the years, the organization has gained proficiency in the section of risk and tax consultation.
Divakar adds, “Our area of specialization has always been international taxation. It was a very new subject to explore as there were very few Indian firms offering solutions in this domain, hence we decided to venture into this space.” Situated in the heart of Chennai, the entity also possesses six branches across India along with two more offices in Singapore and Dubai.Gaining profound experience as an advisory body, DVS assists clients in the sphere of inbound and outbound investment, direct taxation, strategic consultation, investment banking and auditing.“Since our inception our focus has been towards maintaining transparency with our clients. We endeavor to bring the best options to the table which helps them formulate a viable business and taxation strategy,”affirms Divakar.
A Unique Service Provider
Back in 2007,when a huge number of entrepreneurs were taking their businesses overseas, a shortage occurred in the realm of international taxation. Although this was an advantage for Divakar and his team tograb a strong position in the market but several hurdles kept showing up during the company’s initial days. It was a big challenge for DVS to build customer reliability and also to stay tuned in for the long run. “In May 2007 we got our first project with a leading NBFC from South and they continue to be our clients till now. All our clients showed trust in us and we started delivering quality services to them. That was how the whole eco system was built,”he explains. Furthermore,he adds that services related to foreign exchange policy hold the same significance in their working periphery as the international taxation consultation do.
“Our real USP is offering practical tax and business based solutions.There is a lot of difference in putting a solution on paper and implementing it. We implement the solutions for our clients, starting right from advisory to managing banking transactions where ever necessary,”he says.Keeping a track of the amendments occurring under the legal system, the organization executes implements and monitors the structure for its clients on a regular basis. Divakar further adds, “We are not a pure play advisory firm, but we are an implementation firm and stay with our clients as business partners.”
The Road Ahead
Serving some renowned names among the Fortune 500 companies,team DVS is aiming to expand its wings in the overseas market within the next three years. “We are a first generation firm and I want it to grow manifold in the future,” he adds. He also believes that focus and hard work together can make an organization prosper and basing on these two DVS has tasted success all through these years. “The market is growing and so are we. We are looking for the right opportunity to bring the next level of change in the near future,”concludes Divakar.