Polymer TransAction Advisors Inc. (PTA) announced the opening of its office in Mumbai, India, with the goal of providing consulting services to the Indian polymer and plastics industry on international business acquisitions, mergers, technology licensing, joint ventures, and other growth strategies.

PTA focuses exclusively on plastics and has helped more than 500 clients achieve profitable internal and external growth over the past decade through its strategically located offices in the United States, Europe, and Latin America, according to the company. The firm has completed more than 180 polymer industry transactions of all types around the world.

The Mumbai office will be overseen by Gurudutt G. Trasy, an IIT (Mumbai) Chemical Engineer with advanced degrees from U.S. universities. He held operating positions at W.R. Grace & Co. and Consolidated Container Corp., and consulting positions at Booz Allen & Hamilton (U.S.) and PA Consulting (UK), where he consulted to several U.S., European, and Asian corporations, including the IPCL/General Electric (now Reliance) plastics joint venture in Baroda. Day-to-day office management will be under Srikant G. Trasy, a chartered accountant with extensive banking and finance experience.

Bill Ridenour, president of PTA, said that the company’s goal is to contribute to the “robust future of the Indian plastics industry by coordinating the introduction of U.S. companies, technologies, and processes to India that aid India’s plan to develop cost-effective, world-scale plastics businesses. We visualize developing for Indian clients U.S. and Indian growth platforms for sustained, mutually enhancing successes building on our network of U.S. and European clients via mergers, acquisitions, and collaborations.” —[email protected]