KFin Technologies has completed the acquisition of a 51% controlling stake in Ascent Fund Services for USD 35 million. This investment will facilitate KFintech’s expansion into the global fund administration industry and boosts its assets under administration to approximately US$340 billion as of September 30, 2025. Ascent Fund Services has a presence across 18 geographies.
Strategic Acquisition Completed
KFin Technologies has finalized its investment of USD 34.68 million in Ascent Fund Services (Singapore) Pte. Ltd, acquiring a 51% controlling stake. Ascent’s revenue for the financial year ending July 31, 2025, was US$ 17.5 million, with over US$26 billion in assets under administration (AUA) and serving over 640 global alternate investment funds as of July 31, 2025.
Expansion into Global Fund Administration
This acquisition marks KFintech’s entry into the global fund administration sector, with the aim to establish a scaled financial infrastructure entity with technology-driven solutions and domain expertise. Following the acquisition, KFintech’s global fund administration AUA has grown to approximately US$340 billion as of September 30, 2025.
Team and Operational Synergies
Ascent brings a team of over 250 domain experts to KFintech, strengthening its client acquisition, product development, and service delivery capabilities. KFintech now operates from over 230 offices in more than 15 countries, with over 6,700 employees. The integration will leverage centers in India and Malaysia.
Deal Structure and Future Plans
KFintech’s acquisition includes an immediate 51% holding in Ascent, with the remaining 49% to be acquired in three equal tranches after the end of fiscal years 2028, 2029, and 2030, linked to EBITDA milestones. The transaction is funded through internal accruals. The international business is expected to grow from 5% to over 16%, with a target to exceed 25% in the near term.
Source: BSE
