Fineotex Chemicals taps BDO India for tax advisory expertise

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Fineotex Chemical Limited, a prominent player in the specialty chemicals industry headquartered in Mumbai, has entered into a strategic partnership with BDO India LLP, a member of BDO International, one of the world’s top five global professional services firms. This collaboration aims to leverage BDO India’s expertise in taxation matters to enhance Fineotex Chemical’s tax processes and compliance.

BDO India LLP is widely recognized for its comprehensive suite of services, encompassing taxation, assurance, advisory, outsourcing, and digital solutions. Operating across a vast global network spanning over 160 countries and territories, BDO India LLP is committed to assisting clients in achieving their objectives through tailored solutions and expert insights. Their deep-rooted knowledge in taxation, coupled with extensive experience in advising multinational corporations, positions them as the ideal partner to align with Fineotex Chemical’s strategic goals.

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The engagement with BDO India LLP is poised to bring about improvements in Fineotex Chemical’s taxation processes while ensuring compliance with both direct and indirect tax regulations. Additionally, it aims to mitigate any potential tax risks that may arise for the company and its subsidiaries.

Sanjay Tibrewala, Executive Director & CFO of Fineotex Chemical Limited, expressed his enthusiasm about the collaboration, stating, “We are delighted to announce our engagement with M/s. BDO India LLP. Their in-depth knowledge and proven track record in tax advisory will be instrumental in achieving our growth and overall objectives. The engagement will also enhance our ability to create enterprise value for all our stakeholders.”

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