Formula Group Partners Japan’s Relo Group in Strategic Minority Stake Deal

New Delhi, 9th February 2026: Formula Group, a leading Relocation Management company, has entered into a strategic partnership with Relo Group Inc Japan with them acquiring a significant minority stake in the company. This partnership is a significant milestone in Formula Group’s growth and global expansion strategy.

The partnership brings together Formula Group’s strong market presence in India, deep operational expertise, and customer-focused solutions with Relo Group’s global experience and strategic capabilities. The collaboration was concluded with Grant Thornton supporting as the exclusive financial advisor to Formula Group.

This will strengthen and enhance Formula Group’s position in the employee mobility & corporate relocation segment in India, while enabling Relo Group to accelerate growth in the rapidly growing Indian market.

Commenting on the partnership, Ankit Ahuja, Partner, Grant Thornton Bharat, added, “This strategic partnership marks a significant milestone in the employee mobility segment. The collaboration will further strengthen Formula Group’s leadership in relocation and integrated corporate mobility by leveraging Relo Group’s strong global footprint and deep expertise in the Japanese market. At the same time, Relo Group gains a significant boost in the rapidly growing Indian market through Formula Group’s established brand presence and proven operational excellence.”

Established in 2004, Formula Group is a leading Indian provider of integrated corporate mobility and employee relocation services. With a human-centric approach supported by technology, the company delivers seamless relocation solutions to both inbound and outbound employees for numerous Fortune 500 clients.

Formula Group’s broad suite of services includes global mobility programs, relocation management, destination services, corporate housing, immigration support, fleet management, and related corporate mobility offerings.

The organization is dedicated to making workforce transitions smooth, empathetic, and tailored to individual and family needs, ensuring relocating employees can focus on opportunities as they settle into a new location. Formula Group is headquartered in New Delhi with operations across multiple cities in India.

Established in 1967 and publicly listed in Japan, Relo Group is Japan’s only provider of comprehensive outsourcing services in corporate fringe benefits. A pioneer in the employee mobility sector, Relo Group is the country’s first global relocation company. The Group supports Japanese enterprises in their international expansion through an integrated portfolio of services, including global consulting, overseas transfers, international assignments, business travel, and the integration of foreign employees.