Aparajitha acquires compliance business contracts of ComplyIndia
Chennai, June 3, 2022: Aparajitha Corporate Services Private Limited, India’s leading Compliance service provider, announced the acquisition of the Labour, Payroll and Industrial Compliance services business of ComplyIndia Tech Services Private Limited.
Aparajitha is one of the largest compliance service providers in India focussed on the Labour, Employee and Industrial (LEI) and Environment Health and Safety (EHS) compliance services. With over 1500 employees on its rolls and presence in 25 Indian States, Aparajitha is a truly pan India player with significant domain expertise in the Central and State laws pertaining to employees, labour, Industrial and EHS regulations. Aparajitha has over 1700 clients ranging from Fortune 500 companies to MSMEs.
Promoted by Dr. Bharath Krishna Shankar and Mr. Nagaraj Krishnan, through a recently concluded transaction, Aparajitha is now a part of Xcelerate Pte Ltd, a Singapore headquartered GRC/ ESG operating and investment entity. Xcelerate has a clearly defined roll-up strategy to bring together world class management teams, cutting edge technologies and domain experts to offer comprehensive solutions on a regional basis in the GRC/ ESG segment.
In a bid to consolidate its position in the marketplace and also strengthen its Alliance and Partnership approach, Aparajitha acquired the business of ComplyIndia. The acquisition pertains to the compliance business including the intellectual property, client contracts, qualified and experienced manpower and other business assets.
Headquartered in Bangalore, and with a development and a processing center in Madurai, ComplyIndia provides compliance services in the labour and industrial segment. Promoted by Mr. Krishnan Narayanaswamy, ComplyIndia has~ 90 clients across Industry segments, including Retail, Healthcare Industrial and Financial Services.
Commenting on the transaction, Mr. Nagaraj Krishnan, Managing Director of Aparajitha said “We welcome the qualified and experienced team of ComplyIndia team to the Aparajitha family. ComplyIndia has built a quality and a growing business with good clientele. We intend to seamlessly integrate the operations to provide enhanced client service, nationwide support and expanded solutions to our larger client base”.
Mr. Krishnan Narayanaswamy, Director- ComplyIndia said “ComplyIndia built a niche and a growing business in the compliances segment. We now become an integral part of Aparajitha, the leader in the compliance segment, to offer pan India support and service to our clients combined with a very strong inhouse domain expertise. To our experienced and capable employees, the combined operations provide a strong growth platform. Together, we aspire to become a service provider of choice for large corporates and MSMEs operating in the increasingly complex business environment”.
The commercial terms of the transaction were not disclosed.