KNAV to tap south market

HYDERABAD: KNAV, an international association of accounting and

business advisory services firms

, has entered into a partnership with Hyderabad based Laxminiwas & Co (LnCo) to tap the lucrative south market, Nishta Sharma, managing partner,

KNAV

(USA), said on Monday. KNAV has offices in Canada, France, India, Netherlands, Singapore, Switzerland, UK and US.

KNAV was founded in 1999 with a special focus on Indian-owned multinational companies. However, with a drastic change in the

Regulatory Environment In India

with regard to corporate governance, taxation and financial reporting, KNAV is eyeing a bigger play in the domestic market and is also in talks with the other firms in the country to expand its footprint in India, Sharma added.

In a bid to tap the south market, KNAV has partnered with LnCo, which has over 100 clients across Hyderabad, Bangalore and Chennai. "KNAV has extensively worked with Indian MNCs abroad. Hence, they understand the culture well and also bring the global expertise. This will help us to expand our business in the south, which has been growing at 20% Y-o-Y," LnCO principal advisor Dayaniwas Sharma said.

LnCo offers assurance, taxation and specialist advisory services such as internal audits, risk advisory services,

financial reporting valuation

, transaction advisory services and merger and acquisition advisory.