Formula Group, a leading relocation management company, has entered into a strategic partnership with Japan-based Relo Group Inc, with Relo acquiring a significant minority stake in the company. The partnership marks a key milestone in Formula Group’s growth and global expansion strategy.
The collaboration brings together Formula Group’s strong market presence in India, operational expertise, and customer-centric relocation solutions with Relo Group’s global experience and strategic capabilities in the employee mobility and corporate relocation sector. Grant Thornton Bharat acted as the exclusive financial advisor to Formula Group in the transaction.
The partnership is expected to strengthen Formula Group’s position in India’s employee mobility and corporate relocation market while enabling Relo Group to accelerate its expansion in the fast-growing Indian market.
Commenting on the partnership, Ankit Ahuja, Partner at Grant Thornton Bharat, said the collaboration represents a significant milestone in the employee mobility segment. He added that the partnership will enhance Formula Group’s leadership in relocation and integrated corporate mobility by leveraging Relo Group’s global footprint and expertise in the Japanese market. At the same time, Relo Group will benefit from Formula Group’s established brand presence and proven operational capabilities in India.
Industry experts view the partnership as part of a broader trend of global relocation and mobility companies strengthening their presence in emerging markets, driven by rising corporate mobility needs, cross-border workforce movement, and global expansion of multinational companies.
