New Delhi, Feb 11: Formula Group, a leading Relocation Management company, has entered into a strategic partnership with Relo Group Inc Japan, with them acquiring a significant minority stake in the company. This partnership is a significant milestone in Formula Group’s growth and global expansion strategy.
The partnership brings together Formula Group’s strong market presence in India, deep operational expertise, and customer-focused solutions with Relo Group’s global experience and strategic capabilities. The collaboration was concluded with Grant Thornton supporting as the exclusive financial advisor to Formula Group.
This will strengthen and enhance Formula Group’s position in the employee mobility & corporate relocation segment in India, while enabling Relo Group to accelerate growth in the rapidly growing Indian market.
Commenting on the partnership, Ankit Ahuja, Partner, Grant Thornton Bharat, added,
“This strategic partnership marks a significant milestone in the employee mobility segment. The collaboration will further strengthen Formula Group’s leadership in relocation and integrated corporate mobility by leveraging Relo Group’s strong global footprint and deep expertise in the Japanese market. At the same time, Relo Group gains a significant boost in the rapidly growing Indian market through Formula Group’s established brand presence and proven operational excellence.”