KFintech Acquires 51% Stake in Ascent Fund Services for USD 35 Million

16 Oct 2025 CW Team

Ascent, among the fastest-growing global fund administrators, recorded a 33 per cent three-year CAGR and revenues of USD 17.5 million for the financial year ending July 2025. With operations in 18 geographies and assets under administration exceeding USD 26 billion, Ascent serves more than 640 global alternative investment funds.

Following this acquisition, KFintech’s total global assets under administration rise to nearly USD 340 billion as of September 2025, diversifying its portfolio across public, private, and digital asset classes. The company’s international business share is expected to increase from 5 to over 16 per cent, with projections to surpass 25 per cent in the near term.

The investment, fully funded through internal accruals, reflects KFintech’s disciplined capital allocation strategy. The remaining 49 per cent stake in Ascent will be acquired in three equal tranches between FY2028 and FY2030, subject to performance milestones.

“This acquisition marks a defining step in KFintech’s evolution into a global financial infrastructure company. Ascent’s deep international footprint and expertise complement our strengths in technology and operational excellence. Together, we aim to build a diversified and sustainable business that delivers long-term value for stakeholders,” commented on the development Sreekanth Nadella, Managing Director and CEO of KFin Technologies.

“This partnership unites shared purpose and innovation, creating opportunities and impact across global markets,” added Kaushal Mandalia, Co-founder and Group Executive Chairman of Ascent Fund Services.

Founded in 2019 and headquartered in Singapore, Ascent specialises in fund, corporate, and fintech solutions, including fund setup, accounting, e-KYC, AML/PML, and compliance. The company operates through 23 offices across 13 countries with licences in Singapore, Hong Kong, Abu Dhabi, Dubai, Mauritius, and India’s GIFT City.

KFin Technologies Limited (KFintech), a leading provider of investor and issuer solutions to global asset managers, has completed the acquisition of a 51 per cent controlling stake in Ascent Fund Services (Singapore) Pte Ltd for USD 34.68 million. The move marks a significant milestone in KFintech’s global expansion strategy and strengthens its foothold in the rapidly growing fund administration industry. Ascent, among the fastest-growing global fund administrators, recorded a 33 per cent three-year CAGR and revenues of USD 17.5 million for the financial year ending July 2025. With operations in 18 geographies and assets under administration exceeding USD 26 billion, Ascent serves more than 640 global alternative investment funds. Following this acquisition, KFintech’s total global assets under administration rise to nearly USD 340 billion as of September 2025, diversifying its portfolio across public, private, and digital asset classes. The company’s international business share is expected to increase from 5 to over 16 per cent, with projections to surpass 25 per cent in the near term. The investment, fully funded through internal accruals, reflects KFintech’s disciplined capital allocation strategy. The remaining 49 per cent stake in Ascent will be acquired in three equal tranches between FY2028 and FY2030, subject to performance milestones. “This acquisition marks a defining step in KFintech’s evolution into a global financial infrastructure company. Ascent’s deep international footprint and expertise complement our strengths in technology and operational excellence. Together, we aim to build a diversified and sustainable business that delivers long-term value for stakeholders,” commented on the development Sreekanth Nadella, Managing Director and CEO of KFin Technologies. “This partnership unites shared purpose and innovation, creating opportunities and impact across global markets,” added Kaushal Mandalia, Co-founder and Group Executive Chairman of Ascent Fund Services. Founded in 2019 and headquartered in Singapore, Ascent specialises in fund, corporate, and fintech solutions, including fund setup, accounting, e-KYC, AML/PML, and compliance. The company operates through 23 offices across 13 countries with licences in Singapore, Hong Kong, Abu Dhabi, Dubai, Mauritius, and India’s GIFT City.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..