7 months ago
InCorp Advisory Acquires Tech-Enabled Tax Services Platform TMSL
InCorp Advisory, a big company that helps businesses with taxes and other services, has bought TMSL, another company that specializes in taxes and uses technology to make things easier.
This means that now, InCorp Advisory can offer even more services to its clients, especially in places like the GCC (Gulf Cooperation Council) region.
The people who started TMSL will now work with InCorp Advisory, and together they will have a team of over 2,500 people in many different countries.
This is good news for clients because they will get better and more advanced services, especially as new tax rules are being introduced in the GCC.
InCorp Advisory, an Ascentium Group company, acquires TMSL, a global tech-enabled tax services business.
TMSL's expertise in GST, Indirect Tax, and RPA complements InCorp Advisory's strengths in tax advisory and litigation.
The acquisition strengthens InCorp Advisory's GCC practice, particularly in VAT and Corporate Tax services.
TMSL will continue to operate with its existing leadership, with InCorp Advisory's senior leaders joining the board.
The combined group will have over 700 professionals in India and 2,500+ across 23 global jurisdictions.
- Who
- InCorp Advisory (acquirer), TMSL (acquired)
- What
- Acquisition of TMSL by InCorp Advisory
- Where
- Mumbai, Maharashtra, India
- When
- January 27
- Why
- To expand capabilities and deliver integrated, tech-first advisory solutions
Key facts
- Acquirer
- InCorp Advisory, an Ascentium Group company
- Acquired Company
- TMSL (Tax Management Services Limited)
- Date
- January 27
- Location
- Mumbai, Maharashtra, India
- Combined Team Size
- 700+ professionals in India, 2500+ across 23 global jurisdictions
- Key Services
- GST, Indirect Tax, VAT, Corporate Tax, Robotic Process Automation (RPA)
- Leadership
- TMSL Co-founders Jigar Doshi and Pratik Shah join InCorp Advisory as Co-founders
- Strategic Focus
- Integrated, tech-first advisory platform
Quotes
Manish Modi
CEO of InCorp Advisory
“Professional services are at an inflection point where scale, technology, and cross-border expertise must converge. This transaction is beyond expanding capabilities; it is about building an integrated, tech-first advisory platform that anticipates regulatory change, simplifies complexity, and supports clients as they grow across markets. TMSL strengthens our ability to deliver solutions that are not only compliant, but future-ready.”
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Jigar Doshi
Co-founder at TMSL
“TMSL has proudly joined forces with InCorp India, an Ascentium Group company backed by a globally respected business services platform with a strong international footprint. Clients will continue to be served, by the same leadership and teams, with the same depth of expertise and quality that have consistently been the hallmark of the firm, and the TMSL brand–now further strengthened by a broader suite of high-impact services such as ESG, IPO Advisory, Investment Banking, Risk Advisory, Corporate Secretarial services, and many more.”
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Pratik Shah
Co-founder at TMSL
“This global collaboration significantly expands the scope of comprehensive tax advisory services across the GCC, enabling the group to deliver integrated and holistic suite of offerings, backed by Ascentium. This opportunity comes at a crucial time, as the GCC region transitions to IFRS, and the introduction of corporate tax has increased the demand for specialized accounting and tax advisory. This partnership brings together organizations that share common values, complementary strengths, and a unified vision for long-term growth.”
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