TMF Group, a leading provider of high-value business services to clients operating and investing globally, has agreed to acquire Nyaasa, a 33-strong Indian business process outsourcing firm.
The acquisition was completed in October and will see Nyaasa’s Pune-based business – which specialises in bookkeeping, management reporting, taxation, payroll, registration and licenses as well as fixed assets verification and tagging – integrated into TMF Group’s Indian arm.
Nyaasa’s co-founder Kaustubh Behere, said: “This acquisition marks an exciting milestone for our business. At a local level, TMF India's services are well established and highly complementary."
Co-founder Ashwin Gangakhedkar, also added: "On a broader scale, TMF Group’s global footprint will likely be of significant benefit to our clients with global service needs."
“We are excited to be part of a global company and looking forward to a successful integration of both entities.”
Shagun Kumar, Managing Director at TMF India, said: “I am delighted to welcome the Nyaasa team into the TMF Group, and this acquisition makes us one of the biggest players in Pune. We have a vision of serving the ever-expanding Pune client base – this will be driven by expanded local delivery capability and also exploring new business models like start-ups which the Nyaasa team has successfully implemented. Pune is integral to the TMF India 2020 vision and this is a big step forward.”
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For further information, please contact:
Damian Kerr
Director of Communications, TMF Group
damian.kerr@tmf-group.com
+44 (0)20 7832 8954
About TMF Group
TMF Group helps global companies expand and invest seamlessly across international borders. Its expert accountants, legal, HR and payroll professionals located around the world assist clients with their corporate structures, finance vehicles and investments. With business services offered in more than 80 countries, TMF Group is the global expert that understands local needs.