Adrian Johnson
TLDR:
Key points:
- KNAV Advisory Inc. has taken on a minority investment from NKSquared, the U.S. investment vehicle of Indian billionaire Nikhil Kamath.
- The Atlanta-based firm plans to use the investment for acquisitions, new talent, and technology to enhance its global service delivery model.
Summary:
In a recent development, KNAV Advisory Inc., a Regional Leader accounting firm, has received a minority investment from NKSquared, the U.S. investment arm of Indian billionaire Nikhil Kamath. With 10 partners and $17.11 million in U.S. revenue for 2023, KNAV plans to utilize the investment for acquisitions, talent acquisition, and technological advancements to improve its global service delivery model.
Operating internationally, KNAV aims to expand its presence abroad, as demonstrated by its recent acquisition of Singapore-based firm Natarajan & Swaminathan. The terms of the deal were not disclosed, but it signifies the first stage of a larger commitment from NKSquared, with the intention to maintain a minority stake in KNAV.
Nikhil Kamath expressed excitement about the partnership, highlighting KNAV’s innovative leadership in the industry. The investment is expected to bolster KNAV’s global scalability and service quality, distinguishing it from competitors.
Overall, this investment from NKSquared represents a strategic move for KNAV Advisory Inc. to fuel growth, foster innovation, and solidify its position as a key player in the accounting and advisory sector.
