Technology
VedaCorp advised Kaar Technologies, a global digital transformation consulting company on its INR 240 Cr. private equity investment from A91 Partners
About
Kaar
Kaar is a leading provider of digital transformation consulting services, driving digital transformation for organizations globally. Their operations extend to 15+ global regions, having successfully executed 2500+ projects, with a thriving organisational culture, exemplified through robust governance practices, low attrition rates and enhanced project management capabilities.
A91 Partners
A91 operates as a venture capital firm with a specific focus on the Indian market. Their investment strategy revolves around identifying and supporting the most promising emerging private companies across a range of sectors, including consumer, technology, healthcare, and financial services.
Background
We are pleased to announce that A91 Partners, a leading private equity investment firm, has invested growth equity of INR 240 crores in Kaar Technologies India Private Limited (“Kaar”).
Kaar, headquartered in Chennai, is a digital transformation consulting company, specialising in SAP & S4HANA implementation . Founded in 2006, Kaar is a high-growth company which specialises in IP & Digital Services in the SAP ecosystem with deep expertise in discrete manufacturing, professional services automation, process manufacturing and consumer packaged goods. With a team of over 2000 employees, KaarTech has doubled its revenue in the last 24 months.
This investment aims to fuel Kaar’s growth across existing markets in the Middle East, the European Union and North America, and marks the beginning of a new chapter in its growth journey, with a particular emphasis on establishing a strong presence in North America.
“VedaCorp is a seasoned investment bank, with industry-leading professionals who played an outstanding role in setting the strategic direction, identifying the culturally compatible financial partner and exhibited great adeptness at orchestrating the nuances of a private equity transaction”
Mr. Maran Nagarajan
CEO – Kaar Technologies
“Kaar Technologies has demonstrated consistent growth, agility in new market expansion, and a solid corporate governance profile over the last decade. The company is at the cusp of becoming a market leader in this space and we are confident that this investment from A91 will propel Kaar towards greater heights in the coming years”
Mr. Sivaraj Sekhar
Managing Director – Veda Corporate Advisors