About Xcelerate
Xcelerate is a Technology company based in Singapore (Singapore) founded in 2021 by Tak Wai Chung and Madhujeet Chimni. It operates as an ESG, risk, and compliance solutions are delivered to businesses. It operates on a SaaS (Software-as-a-Service) and Professional Services model. Xcelerate has raised $36 million across 3 funding rounds from investors including Federated Hermes, OrionCapital Asia and AltaIR Capital. The company has 1 employees. Xcelerate has completed 1 acquisition, including Carisma Solutions. Its chief executive is Madhujeet Chimni. Its Indian entity Xlsure India Private Limited reported revenue of ₹235 Cr. Xcelerate offers products and services including Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions. Its focus areas include Software, Compliance and Risk Management Software, Consulting and Business Consulting. Its competitors include Wolters Kluwer, FiscalNote, Eqs, Behavox and Duco and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
Smart solutions for ESG, risk management, and compliance are offered by Xcelerate Limited. Services are focused on helping global corporations maintain governance standards, manage risks, and ensure regulatory compliance. Expertise is provided in sustainability advisory, operational resilience, and digitization of processes. End-to-end support is delivered through identification, visualization, implementation, monitoring, and reporting. The company operates in multiple sectors, including financial, industrial, and sustainability domains, with a commitment to innovation and client success.
- Headquarters Singapore, Singapore
- Employees 1
- Founders Tak Wai Chung, Madhujeet Chimni
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website xcelerateltd.com
- Social LinkedIn
- Legal Name Xcelerate Limited
- Date of Incorporation 24 Aug, 2021
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹235 Cr
FY 2025 · +16% YoY
- Net Profit₹32.39 Cr
FY 2025 · 14% margin
- EBITDA₹78.67 Cr
FY 2025 · 33% margin
- Total Equity Funding$36M (USD)
in 3 rounds
- InvestorsFederated Hermes
& 4 more
- Employee Count1
- Investments & Acquisitions
Associated legal entities of Xcelerate
Xcelerate is associated with 2 registered companies on The Company Check; the primary company is Xlsure India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xlsure India Private Limited CIN U74999TS2021PTC176618 | Active | 24 Aug 2021 | Hyderabad, Telangana | ₹235 Cr | – | 3 | View details |
| Aparajitha Corporate Services Private Limited CIN U74910TN2000PTC046218 | Active | 30 Nov 2000 | Madurai, Tamil Nadu | ₹231 Cr | 1,649 | 7 | View details |
Products & Services of Xcelerate
Xcelerate offers a comprehensive portfolio of products and services, including Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions.
Solutions are provided for full regulatory compliance across domains.
Advisory is offered for navigating evolving sustainability landscapes.
Solutions are delivered for operational resilience and digitization.
Funding Insights of Xcelerate
Xcelerate has successfully raised a total of $36M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36M
- Total Rounds 3
- First Round $11M
(Aug 2022)
- Investors Count 5
All 3 funding rounds of Xcelerate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | – | Debt – Conventional | – | – | |
| Feb 2024 | $25M | Series B | – | Federated Hermes | |
| Aug 2022 | $11M | Series A | – | Exacta Capital Partners, Altair Capital | – |
5 investors in total: 5 institutional.
Investors in Xcelerate
Xcelerate has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Federated Hermes, OrionCapital Asia and AltaIR Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech VC funding is provided in US, Europe, Israel. | – | altair.vc | San Francisco, United States | |
A private equity firm focused on Southeast Asian investments. | – | altair-cap.com | Singapore, Singapore | |
Provides direct lending and investment management for businesses in Asia Pacific. | 2012 | orioncapitalasia.com | Singapore, Singapore | |
Investment management services are provided to institutional and retail clients. | 1955 | federatedhermes.com | Pittsburgh, United States | |
Manages a hedge fund focused on long and short equity investments for institutional clients. | 2012 | exactacapital.com | Jersey City, United States |
Investor details for Xcelerate
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Board of directors of Xlsure India Private Limited (Xcelerate)
Xlsure India Private Limited is the primary company behind Xcelerate. The boards of the 2 registered companies of Xcelerate currently have 7 directors; the longest-serving is Krishnan Nagaraj, appointed in 2002. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnan Nagaraj DIN 00866612 | Managing Director | 25 May 2002 | 24 yrs 4 mo | Aparajitha Corporate Services Private Limited |
| Bharath Krishna Sankar DIN 00473636 | Director | 16 Feb 2006 | 20 yrs 7 mo | Aparajitha Corporate Services Private Limited |
| Venkatesh Kumar Subbiah DIN 03424782 | Person Incharge | 07 Mar 2014 | 12 yrs 7 mo | Aparajitha Corporate Services Private Limited |
| Kunisetty Venkata Ramakrishna DIN 00133248 | Nominee Director | 23 Nov 2021 | 4 yrs 10 mo | Aparajitha Corporate Services Private Limited |
| Yogesh Bhura DIN 00399045 | Director | 15 Jan 2022 | 4 yrs 9 mo | Xlsure India Private Limited, Aparajitha Corporate Services Private Limited |
| Ramanandarao Venkata Kuchimanchi DIN 09170522 | Director | 21 Apr 2022 | 4 yrs 5 mo | Xlsure India Private Limited, Aparajitha Corporate Services Private Limited |
| Guru Sai Chaitanya Ande DIN 10048866 | Director | 28 Mar 2023 | 3 yrs 6 mo | Xlsure India Private Limited |
People of Xcelerate
2 people are tracked at Xcelerate (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Tak Wai Chung | Co-Founder & Advisor | Leadership |
Madhujeet Chimni | Co-Founder & CEO | Leadership |
Complete people profiles for Xcelerate
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Financials of Xcelerate
Figures of Xlsure India Private Limited, the primary company behind Xcelerate, for FY 2025. Revenue was ₹235 Cr (+16% year on year). Net profit was ₹32.39 Cr (14% margin). EBITDA was ₹78.67 Cr (33% margin). Revenue has grown at a compounded annual rate of +46% over three years.
- ₹235 CrRevenue · FY 2025 · +16% YoY
- ₹32.39 CrNet profit · 14% margin
- ₹78.67 CrEBITDA · 33% margin
- ₹7.50 CrPaid-up capital
- +46%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Xlsure India Private Limited are on its company page.
Detailed financial statements for Xcelerate
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Investments & Acquisitions by Xcelerate
Xcelerate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Carisma Solutions.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Financial and technology solutions are provided to accounting firms. | carisma-solutions.com.au | Chennai, India | 2012 | Dec 2024 | •••• |
Complete acquisition details for Xcelerate
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Timeline of Xcelerate
4 dated milestones of Xcelerate across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Xcelerate is founded.
- Funding First funding round of $11.0M.
- Funding Latest funding round, Debt – Conventional,.
- Acquisition Acquires Carisma Solutions.
Competitors of Xcelerate
Xcelerate has 9 listed competitors in our database, 5 of them funded. They include Wolters Kluwer, FiscalNote, Eqs, Behavox and Duco, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wolterskluwer.com | 1836 | United States | – | 16 | Enterprise legal processes are managed via an AI-powered platform. | |
| fiscalnote.com | 2013 | – | $188.2M | 56 | AI-driven legal, regulatory, and policy data analysis is delivered. | |
| eqs.com | 2000 | Munich, Germany | – | 514 | Compliance workflows for businesses are streamlined by Eq s platform. | |
| behavox.com | 2014 | London, United Kingdom | $146.24M | 212 | AI-driven compliance and risk management solutions are provided for enterprises. | |
| du.co | 2010 | London, United Kingdom | $35.29M | – | SAAS reconciliation solutions are delivered for financial services firms. | |
| secureframe.com | 2020 | San Francisco, United States | $78.5M | 51 | Cloud-based compliance management solution provider | |
| marloweplc.com | 2015 | London, United Kingdom | – | – | Compliance support and risk management services are provided. | |
| hyperproof.io | 2018 | Bellevue, United States | $66.12M | 101 | Integrated compliance management software | |
| provana.com | 2001 | Lisle, United States | – | 3,014 | Automated compliance management and speech analytics software is delivered. |
Detailed competitors of Xcelerate
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Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as Xcelerate (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 3,940 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | – | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | – | – | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 503.05 M | – | – | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Frequently Asked Questions about Xcelerate
Xcelerate was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Xcelerate is headquartered in Singapore, Singapore.
Madhujeet Chimni is the current CEO of Xcelerate. They have also founded this company.
Xcelerate is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Aug 2022.
Xcelerate has 1 employees.
The primary company behind Xcelerate, Xlsure India Private Limited, reported revenue of ₹235 Cr for FY 2025, up 16% year on year.
Smart solutions for ESG, risk management, and compliance are offered by Xcelerate Limited. Services are focused on helping global corporations maintain governance standards, manage risks, and ensure regulatory compliance. Expertise is provided in sustainability advisory, operational resilience, and digitization of processes. End-to-end support is delivered through identification, visualization, implementation, monitoring, and reporting. The company operates in multiple sectors, including financial, industrial, and sustainability domains, with a commitment to innovation and client success.
Xcelerate's top competitors include Behavox, Wolters Kluwer and Secureframe.
Xcelerate offers Compliance Solutions, Sustainability and ESG Advisory, and Risk Solutions.
Xcelerate has made 1 acquisition, including Carisma Solutions.
Xcelerate has 5 investors. Key investors include Federated Hermes, OrionCapital Asia, AltaIR Capital, Exacta Capital Partners, and Altair Capital.
Xcelerate is associated with 2 legal entities: Xlsure India Private Limited, Aparajitha Corporate Services Private Limited.