Global consultancy firm Watson Wyatt has completed the acquisition of India's retirement and actuarial consultancy, M C Chakravarti & Associates.
As India deregulates the insurance industry and reviews employee benefits legislation, the firm expects increasing opportunities to provide advice that combines expertise in Indian benefits with wider experience of global best practices.
M C Chakravarti & Associates advises many of India's leading companies as well as the Indian subsidiaries of many of Watson Wyatt's global clients.
Watson Wyatt has offices in Mumbai (Bombay) and Delhi and M C Chakravarti & Associates has an office in Kolkata (Calcutta).
Bob Charles, a partner with Watson Wyatt in Europe, will take charge of the benefits practice in India starting July 2001.
Mr M C Chakravarti will continue to work with Watson Wyatt and will become chairman of Watson Wyatt India.
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