Singapore-based biz services platform Ascentium eyes more acquisitions in India

Singapore-headquartered professional services firm Ascentium is seeking to expand its presence in India through acquisitions. Backed by private equity firm Hillhouse Investment, the company has completed seven acquisitions in India since 2019 and is negotiating additional deals as it works to consolidate specialist firms into a larger, Asia-focused platform.Founded three years ago, Ascentium operates as a single corporation with about 3,000 employees across 27 markets. The company plans to use its platform to assist Asian businesses with international expansion while supporting foreign firms entering India and other Asian markets.The company's India operations, which were rebranded as Ascentium India following the 2024 acquisition of InCorp, currently employ nearly 350, across 17 offices in eight cities.