This transaction strengthens InCorp Advisory’s capabilities across tax, technology, and also accelerates expansion into the GCC region

Jan 27, 2026, Mumbai: InCorp Advisory, an Ascentium Group company, a leading global business services platform, has announced the acquisition of TMSL, a leading global technology-enabled tax services business. TMSL’s credentials in GST, Indirect Tax, and technology-led Robotic Process Automation (RPA) approach further reinforce InCorp Advisory’s established strengths in tax advisory and litigation.

This strategic move brings together complementary strengths across tax advisory, tax litigation, tax compliances and technology deployment, enabling InCorp Advisory to deliver integrated, high-impact solutions to its clients. The acquisition further strengthens the Group’s GCC practice, with TMSL’s presence across the region, particularly in VAT and Corporate Tax services.

InCorp formalizes TMSL Acquisition (Left to Right; Manish Modi, Pratik Shah, Jigar Doshi)

Consequent to this transaction:

  • TMSL will continue to service clients through its existing leadership and teams, with senior leaders from InCorp Advisory joining the board of TMSL – working closely with the Co-founders.
  • TMSL Co-founders, Jigar Doshi and Pratik Shah, will join InCorp Advisory as Co-founders – alongside the existing leadership team.
  • With this development, the combined Group will have a team of over 700 professionals in India, and 2500+ professionals across 23 global jurisdictions.

Commenting on the acquisition, Manish Modi, CEO of InCorp Advisory, said,

“Professional services are at an inflection point where scale, technology, and cross-border expertise must converge. This transaction is beyond expanding capabilities; it is about building an integrated, tech-first advisory platform that anticipates regulatory change, simplifies complexity, and supports clients as they grow across markets. TMSL strengthens our ability to deliver solutions that are not only compliant, but future-ready.”

Jigar Doshi, Co-founder at TMSL said,

“TMSL has proudly joined forces with InCorp India, an Ascentium Group company backed by a globally respected business services platform with a strong international footprint. Clients will continue to be served, by the same leadership and teams, with the same depth of expertise and quality that have consistently been the hallmark of the firm, and the TMSL brand—now further strengthened by a broader suite of high-impact services such as ESG, IPO Advisory, Investment Banking, Risk Advisory, Corporate Secretarial services, and many more.”

Pratik Shah, Co-founder at TMSL said,

“This global collaboration significantly expands the scope of comprehensive tax advisory services across the GCC, enabling the group to deliver integrated and holistic suite of offerings, backed by Ascentium. This opportunity comes at a crucial time, as the GCC region transitions to IFRS, and the introduction of corporate tax has increased the demand for specialized accounting and tax advisory. This partnership brings together organizations that share common values, complementary strengths, and a unified vision for long-term growth.”

About InCorp India

InCorp Advisory, an Ascentium Company (InCorp India), offers Business Services including Advisory & Compliance, Taxation (Domestic & International), Investment Banking, Sustainability & ESG, Risk Advisory, Corporate Restructuring, Corporate Secretarial Services, Cyber Security Services, India Entry Services and Managed Services for clients around the world. InCorp India operates from offices in Mumbai, Bangalore, Chennai, New Delhi, Pune, and GIFT City, and services clients with 700+ professionals across the country.

About Ascentium Group

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, we drive extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.

With over 2,500 professionals across 45 cities in 23 markets globally, we deliver integrated solutions in corporate services, finance and accounting, fund administration, human resources, and fiduciary and trust services. Serving more than 60,000 client entities across diverse industries, Ascentium combines specialised expertise with innovative, technology-enabled solutions to help clients navigate complexity and unlock new opportunities for sustainable growth.

About TMSL

Founded in 2020, TMSL is a rapidly growing MNC-focused tax practice with a strong presence in the India and UAE markets. Its service portfolio spans Indirect Tax, Corporate Tax, and International Tax across India and the GCC region. TMSL’s offerings are underpinned by a strong emphasis on tax technology, managed services, transaction structuring, and litigation support. The firm operates across five key cities in India and maintains a well-established local presence in the UAE.