Formula Group, a leading relocation management company, has announced a strategic partnership with Japan-based Relo Group Inc., which has acquired a significant minority stake in the company. This investment marks an important milestone in Formula Group’s growth journey and global expansion plans.
The partnership combines Formula Group’s strong market presence in India, deep operational expertise, and customer-centric solutions with Relo Group’s extensive global experience and strategic capabilities. Grant Thornton acted as the exclusive financial advisor to Formula Group for the transaction.
The collaboration is expected to further strengthen Formula Group’s leadership in the employee mobility and corporate relocation space in India, while enabling Relo Group to accelerate its growth in the fast-expanding Indian market.
Commenting on the partnership, Ankit Ahuja, Partner, Grant Thornton Bharat, said:
“This strategic partnership represents a significant milestone in the employee mobility segment. By leveraging Relo Group’s strong global footprint and deep expertise in the Japanese market, Formula Group will further enhance its leadership in relocation and integrated corporate mobility solutions. Simultaneously, Relo Group gains meaningful access to the rapidly growing Indian market through Formula Group’s established brand and proven operational excellence.”
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