CHENNAI: Aparajitha Corporate Services Private Limited (Aparajitha), along with its affiliates announced the acquisition of a strategic 76% equity stake in Simpliance Technologies Private Limited.
The deal is valued at an Enterprise Value of Rs 120 crore, on a cash and debt free basis, subject to closing adjustments and fulfilment of conditions set out in the transaction documents. Aparajitha progressively intends to integrate and merge the operations by offering Simpliance promoters and other shareholders equity shares in Aparajitha as part of the transaction. The Simpliance Promoters and the management team will become part of leadership team for the combined operations.
With over 1,500 employees on its rolls and presence in 25 Indian States, Aparajitha is a pan-India player with strong domain expertise in Central and State laws pertaining to employees, labour, industrial and EHS regulations. Aparajitha has over 1,700 clients ranging from Fortune 500 companies to MSMEs.
Promoted by Bharath Krishna Shankar and Nagaraj Krishnan, Aparajitha is part of Xcelerate Pte Ltd, a Singapore-headquartered GRC / ESG operating and investment platform.
This is the second acquisition by Aparajitha in four months, after the acquisition of the business / select assets of Comply India Tech Services Private Limited in June 2022.
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