SINGAPORE, November 2022 - YCP Holdings (Global) Limited has executed the contract to acquire 100% of Auctus Advisors Private Limited (“Auctus”), a consulting firm based in India, and to make it a wholly owned subsidiary of YCP Holdings with the purpose to strengthen the Group’s business in India and surrounding areas for its core Management Services Business, as well as expanding the services of its Digital Transformation (DX) Services Division (est. May 2022).
Under the vision of “Strive for Growth. Lead Asia. Impact the World,” YCP Holdings aims to become a professional firm which leads Asia, and believes that it is essential to strengthen its management support capabilities in the fast-growing Indian market through the acquisition of Auctus. This acquisition will increase the Group’s offices to 18 worldwide (16 in Asia, 1 in the United States, and 1 in Europe) and its team to over 350 professionals. This acquisition will contribute to the business growth of clients around the world who are facing challenges in developing and expanding their businesses in the complex, diverse Asian market.
“Since its inception in 2010, Auctus Advisors has emerged as one of the most prominent India bred management consulting firms. We are delighted to be part of YCP Group and bring in complementary expertise and capabilities to a larger Asia bred Management consulting platform. We are excited to work towards YCP’s vision and together shall present a more formidable offering to our global and regional clients,” says Manish Manilal Chheda, Managing Director and co-founder of Auctus. “Over the next few months, the two leadership teams shall work towards the integration, mining synergies in consulting space and augmenting digital capabilities. We thank all our clients for giving us the opportunity to support them till now and shall continue to strive to add further value to their businesses as part of the YCP family. Lastly, we thank our amazing talent —they have been instrumental in making Auctus one of the leading consulting firms out of India. We remain committed to supporting the development of our people and providing them bigger and better opportunities along with the YCP leadership.”
“YCP Group has been carefully exploring business expansion and investment opportunities in India, a strategically important market that is expected to experience significant economic growth and attract global attention. Auctus is one of the most successful independent consulting firms in India, and has extensive experience and track record in management consulting and digital transformation (DX) capabilities,” says Yuki Ishida, Director and Group CEO of YCP Holdings (Global) Limited “Through the business integration with Auctus, we intend to strengthen our business in India and surrounding regions where demand for management service has been growing rapidly in the recent years, and further accelerate our growth with the aim of becoming a professional firm which leads Asia.”