Xcelerate Pte Ltd, an integrated GRC (governance, risk management, and compliance) and ESG operating and investing platform, has announced its acquisition of a strategic stake in Stirrup Communication Consultants Pvt Ltd, India’s leading stakeholder communications consultancy specializing in ESG communications and corporate reporting, according to a statement released on April 5.
Arvind Agrawal, Stirrup’s founder and leader with over 17 years of experience in the corporate reporting and stakeholder communications sector, expressed optimism about the partnership with Xcelerate. He emphasized their shared vision, experience, and reach, foreseeing significant value creation for clients through enhanced advisory services, strategic planning, and focused execution.
K.V. Ramakrishna, former CEO of Kotak Private Equity, and Kv Ramanand, CEO of XLSure India Pvt Ltd, are set to join Stirrup’s Board of Directors as part of the transaction. Agrawal will continue to lead the company as Managing Director & CEO, reporting to the board.
Kv Ramanand, CEO, India for Xcelerate Group, highlighted Stirrup’s strong service franchise and its alignment with Xcelerate’s growth objectives in the ESG and corporate communications space. The collaboration aims to expand service offerings, integrate technology-driven solutions, and explore new markets.
Xcelerate, backed by private equity funds Federated Hermes, Altair Capital, and Exacta Capital Partners, is expanding its presence in the social compliance segment with strategic investments, including in Aparajitha Corporate Services Pvt Ltd, India’s largest social compliance service provider.
