Hyderabad office sees rapid growth, driving innovation and value creation for private equity-backed companies worldwide.
Accordion, a leading financial consulting firm specializing in private equity, has significantly expanded its operations in India, cementing its position as a hub for its cutting-edge data and analytics (D&A) practice. With the opening of a new 1,500-seat-capacity office in Hyderabad, the workforce has grown from 550 to 850 employees in just over a year. This expansion underscores Accordion’s ambitious global growth strategy, including further hiring in India and planned entry into European markets.
“For the private equity-backed CFO of 2024, a solid foundation in data & analytics is no longer a ‘nice to have,’ it’s a ‘must-have,’” said Nick Leopard, CEO of Accordion.
“As private equity shifts its focus from financial engineering to operational value creation, the onus is on CFOs to find ways to accelerate performance. To do so effectively, they must have access to strong D&A that will inform the right value creation strategies. Our investment in India reflects just how critical D&A has become to financial performance. By harnessing the expertise and innovation coming out of our India operations, we’re not only building an industry-pioneering center of excellence within our company, but we’re deepening our ability to provide performance-accelerating insights to our clients.”
Data-Driven Growth
Accordion’s D&A practice, which originated from its acquisition of Merilytics in May 2023, has become a cornerstone of the company’s service offerings. The Hyderabad-based practice leverages AI/Gen AI, advanced data technologies, value creation analytics, data management, and reporting solutions to provide comprehensive support for private equity-backed companies. It serves as the backbone of Accordion’s global operations, driving enhanced visibility and meaningful value creation strategies.
“PE investors are increasingly looking for value creation opportunities that drive growth and profitability in their portfolio companies,” said Paavan Choudary, Head of Accordion’s Data and Analytics practice. “We recognized quite early that Data & Analytics is a critical capability to identify and realize those value creation opportunities. Our India hub is a key commercial engine driving value for global clients throughout the U.S. and Europe.”
Strategic Value Creation
By integrating advanced data analytics into its offerings, Accordion combines financial and operational expertise with technological innovation. This approach has fueled significant year-over-year growth, reinforcing the firm’s leadership in providing office-of-the-CFO-focused solutions powered by data and technology.
About Accordion
Accordion is a financial consulting firm uniquely focused on private equity. With expertise at the intersection of sponsors and PE-backed CFOs, Accordion delivers services that drive value creation across the investment lifecycle. From foundational accounting to strategic financial planning, transaction support, and turnaround solutions, Accordion’s offerings are enhanced by deep data and analytics capabilities. Headquartered in New York, the firm operates from ten global offices, with India serving as a key hub for its transformative solutions.
This expansion highlights Accordion’s commitment to harnessing innovation and expertise to serve private equity-backed companies, reinforcing its vision of delivering unmatched value creation for clients across the globe.
