Singapore-based Xcelerate, through its wholly-owned Indian subsidiary XLSure India, has invested an undisclosed amount to acquire a controlling stake in Aparajitha Corporate Services, a corporate compliance services provider. Aparajitha’s corporate office is in Madurai. While the amount of consideration and the details of the ownership remain undisclosed, the deal is said to value Aparajitha Corporate Services at more than $100 million.
Founded in 2000 by Nagaraj Krishna and Bharath KS in Madurai, Aparajitha today serves more than 1,500 clients with presence in all states and Union territories. Xcelerate is creating a global governance, risk and compliance (GRC) platform and is building this portfolio organically and through acquisitions.
