Uniqus onboards UST as investor and technology consulting partner

Uniqus, a young but fast-growing Indian-origin management consulting firm, has landed a capital investment from UST, a global digital transformation company.

Launched late 2022, Uniqus has since its inception rapidly grown into a team of over 500 consultants and staff across nine offices in India (Mumbai, Bengaluru, Chennai and Gurugram), the US (two offices) and the Middle East (three offices).

The company specialises in topics such as accounting & reporting, finance, governance, risk & compliance, sustainability & ESG, and technology, and serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Tawal, Flipkart, General Electric, and GAP.

The firm’s latest investment, part of its previously announced $10 million Series B round, will lay the foundation for a strong collaboration between the two companies.

As a part of the strategic alliance, UST will leverage the experience of Uniqus across its main capabilities to better serve its clients, with a focus on two domains: finance & risk, and sustainability & ESG.

Vijay Padmanabhan, Chief Financial Officer at UST, explained: “UST will leverage Uniqus’ finance and risk transformation capabilities to provide comprehensive finance and risk solutions and platforms to its clients.”

“Integrating their sustainability & ESG capabilities into our offerings will enable us to offer an expanded solution portfolio to help clients navigate evolving and complex ESG regulatory requirements, assess environmental impacts, enhance supply chain transparency, and improve social impact initiatives.”

Meanwhile, Uniqus will benefit from the technology capabilities of UST, across various sectors. “Organizations want technology to enable them in solving business problems effectively and get real benefits. UST’s transformative engineering and innovative ecosystem will elevate our service and product offering to clients across the globe. We are truly excited to embark on this journey together with UST,” said Jamil Khatri, Co-Founder & Chief Executive Officer of Uniqus.

Financial terms of the transaction have not been disclosed. UST has over the years closed numerous similar investments around the world – the company has more than 30,000 employees in 30+ countries.