Xcelerate

About Xcelerate

Xcelerate Pte. Ltd. operates as a Singapore-headquartered investment and operational platform, strategically focused on the Governance, Risk, and Compliance (GRC) and Environmental, Social, and Governance (ESG) sectors. The company was established in May 2021 by co-founders Madhujeet Chimni and Tak Wai Chung. Chimni brings a wealth of experience from the IT industry and has a track record of executing successful "roll-up" strategies, having previously founded and scaled companies like Stone Apple (acquired by Hitachi) and In.Corp Global. Chung's background includes extensive experience in private equity and investment banking, with roles as a partner at EQT Partners and positions at Lehman Brothers.

The firm's business model centers on a "buy-and-build" approach, creating a unified regional platform by acquiring controlling stakes in complementary service providers. This strategy allows Xcelerate to integrate established companies, combining their domain expertise with technology-led solutions to serve a broad corporate client base across the Asia-Pacific and EU regions. Revenue is driven by the diverse compliance and risk management services offered through its growing portfolio. The platform assists clients in navigating complex regulatory landscapes, managing risk, and operating in a more sustainable and compliant manner.

Since its inception, Xcelerate has pursued an aggressive acquisition strategy to build out its capabilities. A significant early milestone was the acquisition of a controlling stake in Aparajitha Corporate Services, one of India's largest labor and industrial compliance service providers, in November 2021. This was followed by the integration of other specialized firms, including ComplyIndia, Simpliance, Gieom Business Solutions, and Carisma Solutions, expanding its service offerings into areas like tech-enabled compliance, financial services risk management, and ESG communications. The company has successfully raised significant capital to fuel this expansion, with total funding reaching over $97 million from investors including Federated Hermes, Altair Capital, and Exacta Capital Partners.