News•Mar 1, 2026
Nikhil Kamath-Backed KNAV Acquires UAE Firm: Insider Scoop on Buying Accounting Firms
KNAV, backed by Nikhil Kamath, has acquired a majority stake in UAE‑based Affiniax, adding 65 local professionals to its global team of over 500. The move capitalises on the UAE’s new corporate tax regime, which has turned audit, tax and advisory services into mainstream demand. KNAV’s acquisition strategy hinges on adjusted EBITDA (after partner salaries) and a 4‑6× multiple for firms generating $5‑8 million in revenue. The deal underscores the growing India‑UAE professional‑services corridor and the need for disciplined integration.
