KPMG US & UK acquire 33% stake in KPMG Global Services (KGS) for $210Mn!

• Deal alert: KPMG US & UK shelled out a whopping $210 million (almost ₹1,800 crore) to acquire a 33% stake in KPMG Global Services (KGS) from KPMG India.
• This marks the first-ever time a Big Four firm has sold off its captive (in-house) operations in India.
• Sale could reshape outsourcing models and impact the Big Four’s global strategy.

What is KPMG Global Services (KGS)?

KPMG India is a member firm of KPMG International, providing audit, tax, and advisory services directly to clients within India.