September 16, 2024, Atlanta, GA –
KNAV Advisory Inc. (Accounting Today’s 2024, 2023, 2022 Fastest Growing Firms and IPA’s 2024 Top 300 and Fastest Growing Firm) has announced that NKSquared, the US investment vehicle of Nikhil Kamath, a prominent entrepreneur and investor from India, who was featured in the 2023 Forbes Billionaires list and is also a signatory to the Giving Pledge, has made a minority investment in the international accounting and business advisory firm. This investment marks the first tranche of a larger commitment by NKSquared, aimed at supporting KNAV’s growth strategy. The funds will be used to drive KNAV’s growth initiatives, including both domestic and foreign acquisitions, as well as to bring in new talent to offer expanded services and increase technology investments. KNAV has been a front-runner in providing a seamless global delivery model for accounting and business advisory services, in contrast to the typical network and association firm models traditionally adopted by the accounting industry.
This investment represents NKSquared’s first foray into the professional services industry, marking a significant milestone for Nikhil Kamath and his group as they diversify into new sectors. NKSquared strategically invests in high-growth businesses. This partnership is expected to provide significant resources to fuel KNAV’s expansion into new markets, while enhancing its service capabilities. Even as future tranches are released, NKSquared’s stake is expected to remain a minority position, ensuring that KNAV retains its leadership and strategic direction.
KNAV’s strategic focus on expanding its footprint in multiple markets has been central to its growth. Earlier this year, KNAV acquired Natarajan & Swaminathan, a Singapore-based accounting firm, enhancing its presence in the Singapore market. In a forward-looking move, KNAV also launched a Long-Term Incentive Plan (LTIP) for its global employee pool through the issuance of Stock Appreciation Rights (SARs), aimed at attracting and retaining top talent across its global offices.
“We are thrilled to partner with KNAV, a firm that consistently demonstrates innovation and leadership in the accounting and advisory industry. At NKSquared, we seek businesses that not only show strong growth but also drive positive change within their sectors, making KNAV an ideal partner. We believe this investment will further enhance KNAV’s ability to scale globally, providing top-tier services and setting themselves apart from the competition.”
Nikhil Kamath – NKSquared
“This investment will enable us to further enhance our seamless and integrated service delivery model across the globe.”
Nishta Sharma – CEO – KNAV Advisory Inc.
KNAV operates under a Global Delivery Model, with operations in the US, Canada, UK, Netherlands, India, Singapore, and the Philippines, which supports its ability to deliver seamless, integrated services to clients worldwide. A front-runner in adopting the Alternative Practice Structure (APS) globally, KNAV maintains a distinct and innovative approach to providing advisory and accounting services while positioning itself for continued expansion.
About KNAV Advisory Inc.
“KNAV” is the brand name under which KNAV CPA LLP, KNAV Advisory Inc., and its subsidiaries provide professional services. KNAV CPA LLP and KNAV Advisory Inc. are independently owned firms that practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. KNAV CPA LLP is a licensed CPA firm that provides attest services, and KNAV Advisory Inc. and its subsidiary entities provide tax and advisory services to clients and provide staff and other administrative resources to KNAV CPA LLP. KNAV Advisory Inc. and its subsidiary entities are not licensed CPA firms.
About NKSquared
NKSquared is an India and US-based investment vehicle of Nikhil Kamath and his group, known for making strategic investments in high-growth sectors, fostering sustainable growth, and expanding its global presence. This investment in KNAV marks NKSquared’s first investment in a professional services firm, highlighting its commitment to diversifying into new industries.