TMF Group bolsters its presence in India by acquiring KPK
TMF Group, a leading provider of global administrative services, today announced the acquisition of KPK faServ India Private Limited (KPK), a financial accounting and consulting company.
Founded in 1995, KPK offers corporate services, such as accounting and payroll support, for multinational companies and medium-sized businesses in India. KPK is headquartered in Bangalore but also has client sites in Chennai, Hyderabad, Mumbai, Pune and Delhi.
The deal represents a strategic step for TMF Group as it will improve its critical mass in the fast-growth market in India. As a result of the acquisition, TMF Group will be welcoming 120 employees from KPK.
The acquisition forms part of TMF Group’s wider expansion in the APAC market, having recently acquired Sino Corporate Services Group, an expert in corporate secretarial, accounting, trust and fund administration services.
We are pleased to welcome the KPK team into the TMF Group family. India represents a fast-growing market for us and our clients alike, and integrating KPK will support our commitment to providing flawless service. I am excited that this acquisition strengthens our team in Bangalore and further expands TMF Group’s expertise across the six cities in India where we have offices.
The KPK team is proud to join such a key player in the industry as TMF Group. We are optimistic that our combined corporate services capabilities will be the best out there for our clients.
We’re happy to become part of a platform that offers truly global capabilities for our clients – and additional opportunities for our team – thanks to this integration with TMF Group, a trusted, global professional services provider.
Giampaolo Arghittu, Senior Global External Communications Manager,
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