KFin Technologies Acquires 51% of Ascent Fund Services for $34.68M; Shares Fall 2%

October 14, 2025October 14, 2025

Shares of KFin Technologies Ltd dropped 2% after touching a day’s high of Rs 1,160 on 14th October, despite the company announcing that it had completed its $34.68 million acquisition of a 51% controlling stake in Ascent Fund Services (Singapore) Pte Ltd (Ascent), becoming its sole promoter.

Ascent, a fast-growing global fund administrator, has grown at a 3-year CAGR of 33%. It reported revenue of $17.5 million for the year ended 31st July, 2025. The firm operates in 18 countries, manages over $26 billion in assets under administration (AUA), and serves more than 640 global alternative investment funds.

The acquisition marks a significant step in KFintech’s global expansion. It supports its goal to establish a scalable, India-origin financial infrastructure company with technology-driven solutions. The company aims to offer robust delivery capabilities for international asset managers.

With Ascent, KFintech’s global fund administration AUA reaches approximately $340 billion as of 30th September, 2025. The deal also strengthens its revenue mix and geographic reach. Additionally, it enhances capabilities across private and public markets, including pensions and digital assets.

Ascent brings over 250 cross-border experts to KFintech, boosting client acquisition, product development, and service delivery for global asset managers.

KFintech acquires an immediate 51% stake through its Singapore arm. The remaining 49% is set to be acquired in three equal parts after fiscal years 2028, 2029, and 2030. This will be based on EBITDA milestones. The acquisition is fully funded through internal accruals, without affecting our dividend policy or debt levels.

Sreekanth Nadella, MD & CEO of KFin Technologies, stated that the acquisition strengthens KFintech’s global footprint and expertise. Thus, increasing international revenue from 5% to over 16%. The company targets 25% or more in the near term across 18 geographies.

At 11:18 AM, the shares of KFin Technologies were trading 2.05% lower at Rs 1,120.40 on NSE.

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