Xcelerate Pte Ltd. (Xcelerate), an built-in Governance, Risk, Compliance (GRC) and Environment, Social & Governance (ESG) working and investing platform, has introduced the acquisition of a stake in Stirrup Communication Consultants Private Ltd. (Stirrup) for an unspecified quantity.
Stirrup, a stakeholder communications consultancy, specialises in ESG communications and company reporting and has presence in branding and company digital providers. Until just lately, it operated as AICL Communications Ltd. (AICL), earlier than transitioning to the identification of Stirrup.
Arvind Agrawal, MD & CEO, Stirrup mentioned, “The partnership with Xcelerate will enable us to build further on the strong foundation and long-standing client relationships we have cultivated.”
“Together, we will provide an attractive home for cutting-edge talent in our domain. The combined vision, experience and reach of the two teams will help create disproportionate value for our clients through meaningful advice, cogent strategies and focused execution, spurring rapid growth in the process,” he mentioned.
Ok.V. Ramanand, CEO, India for Xcelerate Group mentioned, “The ESG and corporate communications space is an important growth area for us. We intend to work closely together to broaden the scope of solutions, infuse tech-led services and expand into newer territories to build a strong platform.”
As a part of the transaction, Ok.V. Ramakrishna (ex-CEO of Kotak Private Equity and advisor at a number of corporations) and Ok.V. Ramanand, CEO of XLSure India Pvt. Ltd., will be a part of the Board of Directors of Stirrup. The Founder, Arvind Agrawal, will proceed to guide the corporate as MD & CEO and report back to the Board.
