Operating locally as Ascentium India following its 2024 takeover of InCorp, the organization currently maintains nearly 350 employees across 17 offices in eight Indian cities. The company has closed seven domestic acquisitions since 2019 and is actively negotiating further transactions to expand regional market share. To maintain a competitive edge, the firm is also building a proprietary data lake from corporate services records to integrate agentic artificial intelligence into key workflows.
Key points
A single corporate profit-and-loss structure allows the firm to reinvest earnings into ex…: A single corporate profit-and-loss structure allows the firm to reinvest earnings into expansion rather than issuing dividends.
The company is positioning itself to capture a structural gap beneath dominant firms like…: The company is positioning itself to capture a structural gap beneath dominant firms like the Big Four, BDO, and Grant Thornton.
Proprietary corporate data lakes and agentic artificial intelligence are being developed…: Proprietary corporate data lakes and agentic artificial intelligence are being developed to modernize the firm's targeted operations.
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India, Japan, Singapore and Hong Kong are among the strategic markets central to the firm's growth, Yong told ET in an interview. "India is one of the key jurisdictions. It is virtually impossible to become the No. 1 player in APAC without a dominant presence here."
The firm aims to establish a strong presence across Asia-Pacific, Europe, Middle East and Africa, he said. Ascentium's strategy hinges on helping Asian companies expand internationally while assisting foreign companies entering India and other Asian markets. Many of Ascentium's competitors are based in the US, UK and the Netherlands and have traditionally provided services to western businesses looking to expand into Asia.
"We have set up from this side of the world, helping Indian, Singaporean, Malaysian and Hong Kong companies go international. I think it is time," Yong said.
The group's India operations, rebranded Ascentium India after the Singapore-headquartered firm acquired InCorp in 2024, have nearly 350 employees, including more than 150 chartered accountants, across 17 offices in eight cities.
"The platform has completed seven acquisitions in…
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