Xcelerate inks strategic equity partnership with Aparajitha

Chennai, November 25, 2021: Xcelerate Pte Ltd today announced a strategic equity partnership with Aparajitha Corporate Services Pvt. Ltd. (Aparajitha), a leading Compliance Services solutions provider in India, by acquiring a controlling stake.  Xcelerate Pte Ltd (Xcelerate), a Singapore headquartered platform, is creating a Governance, Risk and Compliance (GRC) investment and operational organization to offer comprehensive GRC solutions to clients across markets with a strategy to grow both organically and through acquisitions. 
 
Xcelerate has made this investment through XLSure India Pvt. Ltd., its wholly owned Indian subsidiary.
 
Aparajitha is the market leader in India with solutions relating to Employee and Contract Labour Law, Shops & Establishments Act, Factories Act, Industrial Licenses, Mines & Minerals Act and Payroll processing and related compliances, covering over 170+ acts and 5,700 + compliance tasks.  It is truly a pan India player with offices / branches/ direct presence in 145+ locations across India catering to the statutory and regulatory requirements of over 1500 + clients in the identified segments. Aparajitha’s clientele includes large MNCs, leading financial institutions, reputed conglomerates and many MSMEs across industries.
 
Aparajitha distinguishes itself in the market as a highly scalable, tech-enabled compliance solutions provider having digitised its solutions by launching “Compfie”.  Compfie is a comprehensive suite covering a significant part of the entire gamut of statutory and regulatory requirements of an organisation.
 
Aparajitha brings strong domain and technical expertise combined with a solid market positioning consisting of reputed clientele.  Xcelerate and its leadership team bring a successful track-record of integrating growing enterprises and driving technological upgrades, with the support of a strong network of capital providers.   Together, Aparajitha and Xcelerate aspire to operate across industries by offering timely, cost effective and tech enabled solutions on a regional basis to create a GRC platform.
 
Commenting on the transaction, Dr. Bharath KS, Chairman, Aparajitha said “Aparajitha is well poised to take its expertise and skillsets to the global markets while consolidating its position in the Indian market. We believe we have found a partner who has a good understanding of the GRC segment and brings in global perspective. This partnership of Aparajitha’s domain expertise & strong client relationships combined with Xcelerate team’s management expertise and ability to integrate international operations will enable this platform to become truly global.”
 
Mr. Nagaraj Krishnan, Managing Director, Aparajitha said “We are very excited to partner with a team that has demonstrated roll-up/consolidation successes in multiple sectors on a global scale. Onboarding Aparajitha on to the GRC platform being built by Xcelerate, is bound to provide Aparajitha with significant market opportunities and enable further consolidation of market share in India and overseas by offering tech-enabled high quality services.”
 
Mr. Madhujeet Chimni, Founder, Xcelerate said “We have found a solid partner in Aparajitha to enable us realise the vision of creating a global GRC platform offering tech-based solutions to corporates.  Aparajitha is a very strong player in the Indian market, and we intend to bring together complementary products, strong domain expertise, cutting edge technologies and qualified teams to create the platform.”