Archive · 14 Aug 2026
KNAV scouts for acquisitions as accounting consolidation wave grows
KNAV is a company that helps other businesses with their money, taxes and audits, like a very smart accountant for companies.
It started in India and now works in about seven different countries.
KNAV wants to grow even bigger, so it is looking to buy other accounting companies in North America and Europe.
To pay for this, it got new money from an investment group called NKSquared, led by a famous Indian investor named Nikhil Kamath.
Many accounting companies around the world are joining together to become bigger firms.
Bigger firms can offer more services, like checking a company's computer systems and giving technology advice.
The article says smaller accounting firms may struggle because clients want one firm that can do everything.
KNAV thinks it can compete with the biggest accounting firms and wants to earn $100 million in revenue, up from $55 million today.
KNAV also built its own special AI tool called KNAV Tara to help its workers.
KNAV is scouting for acquisitions in North America and Europe that offer business advisory, high-tech and cloud-based services alongside audit and tax.
KNAV raised fresh capital from NKSquared, the US-based investment firm led by Nikhil Kamath.
KNAV previously made four acquisitions across the Middle East, the Netherlands, the UK and Singapore.
KNAV spans seven countries with around 800 people and is building towards the $100-million revenue mark from $55 million currently.
Vaibhav Manek says the global accounting consolidation wave that began in the United States is now reaching India and will challenge smaller firms.
- Who
- KNAV, an India-born accounting and advisory firm whose India operations are overseen by Vaibhav Manek, backed by investor Nikhil Kamath's NKSquared.
- What
- KNAV is scouting for new acquisitions in North America and Europe to scale up amid a global wave of consolidation in the accounting profession.
- When
- Not specified in the article; earlier acquisitions were financed with capital raised from Nikhil Kamath in 2025.
- Where
- New targets are in North America and Europe; KNAV already operates across seven countries including India, the US, Europe, Canada, the Gulf and Asia-Pacific.
- Why
- Because a consolidation wave is pushing accounting firms to offer full-service relationships, and KNAV wants to become a global alternative before the wave determines the winners.
- Company
- KNAV
- Current revenue
- $55 million, targeting $100 million
- Footprint
- 7 countries, ~800 people, spanning a US-India core plus Europe, Canada, the Gulf and Asia-Pacific
- Investor
- NKSquared, US-based investment firm led by Nikhil Kamath
- Prior acquisitions
- Middle East, Netherlands, UK and Singapore
- New acquisition targets
- North America and Europe (business advisory, high-tech and cloud-based services with audit and tax)
- AI platform
- KNAV Tara (enterprise AI platform)
- Sector consolidation examples
- Uniqus Consultech raised $42 million; Ryan took a majority stake in Dhruva Advisors; Springline Advisory acquired Smart Accountants and Infinity Globus