Everstone to buy 25% in HR Outsourcing firm Aparajitha

Samidha Sharma, TNN | Feb 19, 2014, 03.28AM IST

MUMBAI: Everstone Capital, one of the largest India-focused private equity funds, is acquiring a stake of about 25% in a tier-two HR outsourcing firm, Aparajitha Corporate Services, for an estimated Rs 100 crore, valuing the Madurai-based company at around Rs 400 crore, according to people involved with the matter. Over the last few years, marquee foreign investors have diversified their Indian portfolios, pumping growth capital into tier-two entrepreneurial stories.

Founded by Bharath Krishna and Nagaraj Krishnan more than a decade ago, Aparajitha today has a national presence with a 400-strong client list comprising corporates like HindustanUnilever, Siemens and Nokia, among others. The HR services firm focuses on labour compliance, establishment compliance, auditing, flexi staffing, payroll processing consultation and providing legal opinion, specializing in both state and central labour legislation.

Aparajitha, with over 1000 staff, competes with some of the bigger players like Aon Hewitt in offering consulting and outsourcing services. Everstone Capital could not be reached for comments immediately, while Krishnan of Aparajitha declined to comment. Source – TOI

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2 Thoughts to “Everstone to buy 25% in HR Outsourcing firm Aparajitha”

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