Accordion Strengthens India Presence with New Hyderabad Facility

US-based private equity focused financial consulting firm, Accordion, is significantly expanding its India presence by enhancing its global data and analytics (D&A) capabilities in Hyderabad. The company has established a new facility with a capacity for 1,500 seats, reflecting its commitment to leveraging advanced analytics for value creation.

Since acquiring Hyderabad-based Merilytics in May 2023, Accordion has grown its headcount in the city from around 550 to approximately 850. The D&A practice at Accordion has emerged as a pivotal driver of innovation, delivering critical insights through AI, advanced data technologies, and value creation analytics.

The Hyderabad-headquartered D&A practice serves as the backbone for Accordion's products and solutions, providing PE-backed companies with the enhanced visibility needed to drive value creation. This expansion will lead to additional hiring in India and an extension into the European market.

Accordion CEO Nick Leopard emphasized the importance of D&A for CFOs in PE-backed companies, stating, "For the PE-backed CFO of 2024, a solid foundation in D&A is no longer a 'nice to have,' it's a 'must-have.'"

Leopard further highlighted the strategic investment in India, noting, "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."

Paavan Choudary, Head of D&A Practice at Accordion, added, "PE investors are increasingly looking for value creation opportunities that drive growth and profitability in their portfolio companies. Our India hub is a key commercial engine driving value for global clients throughout the US and Europe."