New Delhi, 11 February 2026: Formula Group, a leading relocation management and corporate mobility company, has announced a strategic partnership with Japan-based Relo Group Inc., which has acquired a significant minority stake in the organisation. The collaboration marks an important step in Formula Group’s growth journey and supports its long-term global expansion plans.
The partnership combines Formula Group’s strong presence in India, operational expertise, and customer-centric mobility solutions with Relo Group’s extensive global experience and strategic capabilities. Grant Thornton served as the exclusive financial advisor to Formula Group in concluding the transaction.
Through this alliance, Formula Group aims to further strengthen its leadership in employee mobility and corporate relocation services across India. At the same time, the partnership provides Relo Group with a strategic opportunity to accelerate its expansion in the rapidly growing Indian market.
Commenting on the partnership, Ankit Ahuja, Partner, Grant Thornton Bharat, said,
“This strategic partnership marks an important milestone in the employee mobility sector. By combining Formula Group’s established market leadership and operational excellence with Relo Group’s global footprint and deep expertise in the Japanese market, the collaboration is expected to unlock significant growth opportunities for both organisations.”
About Formula Group
Founded in 2004, Formula Group is a leading Indian provider of integrated corporate mobility and employee relocation services. With a human-centric and technology-driven approach, the company offers seamless relocation solutions for inbound and outbound employees across numerous Fortune 500 clients. Its services include global mobility programs, relocation management, destination services, corporate housing, immigration support, fleet management, and related mobility solutions. Headquartered in New Delhi, Formula Group operates across multiple cities in India.
About Relo Group
Established in 1967 and publicly listed in Japan, Relo Group is the country’s only provider of comprehensive outsourcing services in corporate fringe benefits and a pioneer in global relocation services. The company supports Japanese enterprises expanding internationally through integrated solutions, including global consulting, overseas assignments, international mobility, business travel, and foreign employee integration services.
