TFS Gulf 
- Zerodha’s co-founder Nikhil Kamath has invested once again in KNAV.
- His first bet came in 2024, when he acquired a minority stake.
- Since then, KNAV has quietly doubled revenue…from $26 million to $50 million.
- Does this signal a bigger shift in Accounting?
KNAV’s growth since the first investment
KNAV is a US-based global assurance, tax, and advisory firm and is one of the fastest-growing CPA firms, according to Accounting Today.
Today, it spans 7 countries: the US, Canada, the UK, the Netherlands, India, Singapore, and the Philippines, serving 1,500+ enterprises through a “one firm” model.
Since NKSquared’s original minority investment (2024), KNAV has been on an acquisition spree:
- Natarajan & Swaminathan in Singapore (February 2024)
- HLG in the Netherlands (November 2024)
- Aventus in the UK (April 2025)
- Affiniax in the UAE (February 2026)
Each acquisition expands KNAV’s ability to serve multinational clients across key markets.
KNAV is no longer just growing as separate offices in different countries. Instead, it is trying to tie everything together into one unified system:
- Teams across countries work as one firm (not silos)
- Clients can be served seamlessly across borders
- Technology, talent, and processes are shared globally
Where does the fresh capital go?
According to KNAV’s press release:
Global acquisitions
The firm is now eyeing new global markets, with Australia firmly on its radar.
Nishta Sharma, CEO, KNAV Advisory Inc., said: “NKSquared’s continued support strengthens our ambition to build a truly global accounting and advisory platform.”
Talent and leadership
Even as technology becomes more central…Accounting is still a people-driven business.
So, KNAV is doubling down on:
- Leadership development
- Talent training
- Capability building
- Cross-border team integration
And of course, AI deployment
KNAV says it is currently in “Phase 1” of its AI strategy.
And it’s not chasing flashy, standalone AI tools.
Instead, AI is being quietly embedded into the core of the business:
- Audit workflows
- Tax processes
- Advisory engagements
- Internal decision-making systems
The goal is simple: deliver sharper quality, cut turnaround times, and unlock a new level of productivity across teams.
Also read: Zerodha’s Nikhil Kamath-backed KNAV, now acquires UK accounting firm!
But why does this deal matter?
It’s the timing!
Accounting firms globally are in the middle of a BIG reset:
- AI is coming in,
- Private capital is flowing,
- Consolidation is speeding up
Firms are starting to look less like traditional partnerships and more like scalable operating platforms.
So Nikhil Kamath’s follow-on capital usually signals one thing…Conviction not just in past performance, but in where the model is heading next.
Wrapping up…
Founded in 1999 by four Chartered Accountants, Vaibhav, Khozema, Nishta, and Atul, in Mumbai with an HQ in Atlanta, KNAV was built to tap the US–India corridor.
On paper, it’s still an accounting firm.
But it’s clearly evolving into something bigger: a global platform built on acquisitions, talent systems, and tech.
Nikhil Kamath’s second investment only sharpens that signal!
