Print this article

Vistra Acquires Another Indian Business As Footprint Widens

Tom Burroughes

27 June 2016

, which provides services such as trust, fiduciary and fund administration, has acquired India-based Ujwal Management Services Private. It is the second acquisition of a firm based in India by Vistra.

In April, the company acquired IL&FS Trust Company (ITCL).

Incorporated in 1995, Ujwal assists clients across the world in expanding their businesses into India. The majority of Ujwal’s clients are Indian subsidiaries of foreign multinationals, predominantly in the IT sector. 

Ujwal has a staff of over 110 in-house professionals based in Bangalore. The management team, led by Muralikrishan AG and Kantharaj SK, is joining Vistra Group.