Xcelerate Acquires Strategic Stake in Carisma Solutions to Expand Global Services In an exciting development in the business services and digital solutions sector, Xcelerate Pte Ltd has acquired
In an exciting development in the business services and digital solutions sector, Xcelerate Pte Ltd has acquired a strategic equity stake in Carisma Solutions Private Limited, a leading knowledge-driven provider of managed services in Australia. This move signals a major step towards expanding Xcelerate’s presence in the growing global risk and compliance (ESGRC) market, with a special focus on financial advisory, accounting, mortgage services, and Self-Managed Super Funds (SMSF).
But what does this partnership mean for the future of these industries? Let’s dive deeper into Carisma Solutions, what they do, and how Xcelerate’s investment will take them to the next level.
Founded and led by Jonah Stephen, Carisma Solutions is a well-established company offering a broad range of services that cater to some of the most complex needs in the financial world. The company specializes in providing end-to-end solutions across multiple segments, including:
Carisma’s core services involve helping clients with the preparation, computation, filing, and ongoing maintenance of tax, financial, and regulatory compliance—all critical tasks for businesses in today’s complex global environment.
The company prides itself on offering 360° managed services, ensuring that clients get tailored, effective solutions for their unique financial needs. With a team of over 500 employees, Carisma operates out of five locations, including Chennai, Bangalore, Tirunelveli, Sydney, and Melbourne.
The driving force behind Carisma’s success is its founder, Jonah Stephen, who brings a wealth of experience from his previous roles at major organizations like Microsoft, Polaris Software, and Kumaran Systems. Jonah’s leadership has helped build a company that is now trusted by clients for its professionalism, quality service, and commitment to client success.
Xcelerate, a Singapore-based investment and operating platform, has long focused on companies involved in global risk, compliance, and sustainability. With this acquisition, they are now positioned to enhance their portfolio of companies specializing in Environmental, Social, and Governance (ESG) compliance, as well as regulatory compliance and digital solutions for the Banking, Financial Services, and Insurance (BFSI) sectors.
Xcelerate’s expertise lies in strategic growth, particularly in the ESGRC (Environmental, Social, Governance, and Risk Compliance) sectors. Their portfolio includes leading firms such as:
With their new partnership with Carisma, Xcelerate aims to create a Global Compliance Center, offering scalable data processing, analytics, and assurance services across multiple regions, including Europe and Asia-Pacific (APAC).
According to Jonah Stephen, the Founder and CEO of Carisma Solutions, this partnership with Xcelerate is a major milestone for the company. He explains:
“We are excited to partner with Xcelerate. Their global focus on risk and compliance, along with their carefully selected portfolio of companies, will help Carisma scale new heights. Xcelerate’s focus on professionalism, combined with their strong track record, will enrich Carisma’s service offerings and enable us to deliver cutting-edge tax and compliance solutions to our clients.”
This partnership will allow Carisma to expand its service capabilities and become a dominant force in the global compliance and advisory space. By leveraging Xcelerate’s expertise, Carisma can scale up its operations, particularly in the areas of BFSI (banking, financial services, insurance) and ESG data assurance, both of which are rapidly growing sectors.
For Xcelerate, this acquisition is about more than just scaling an existing business. It’s about positioning the company as a global leader in ESG compliance and financial services solutions.
Kv Ramanand, the CEO of Xcelerate India, commented on the acquisition:
“Carisma has built a solid reputation as a reliable business services partner with a sharp focus on knowledge-led value-added services. We’re eager to work closely with Jonah and his team to rapidly scale Carisma into a Global Compliances Center, offering data processing, analytics, and assurance capabilities. Our goal is to expand our footprint in BFSI and ESG data assurance, especially across the EU and APAC regions.”
Xcelerate intends to use this partnership to accelerate Carisma’s growth and bring its comprehensive solutions to new international markets.
As part of the deal, Yogesh Bhura and Arjun Ramaraju will join Carisma Solutions’ board as nominees of Xcelerate. Alongside them, AGS Chaitanya and Porcko Pari will also join the board, bringing additional expertise to help Carisma scale its operations and ensure smooth governance.
The deal was supported by a range of expert advisors, including EY for financial and tax diligence, JSA Law for legal advisory to Xcelerate, and July Connect for transaction advisory. On the Carisma side, Eswaran Advocates provided legal advice to the shareholders of the company.
This partnership between Xcelerate and Carisma Solutions marks an important step toward the evolution of global compliance and financial services. With ESG and risk compliance becoming increasingly important in today’s business environment, the acquisition positions Carisma as a leader in these fields.
By combining Xcelerate’s global expertise with Carisma’s strong knowledge base, the two companies are poised to revolutionize how businesses approach compliance, data assurance, and sustainability—ultimately creating better solutions for clients worldwide.
The future of global financial advisory, tax compliance, and ESG solutions looks promising, and this partnership sets the stage for further innovation in the industry.
The acquisition of a strategic equity stake in Carisma Solutions by Xcelerate represents more than just a business transaction—it’s the start of a new chapter for both companies. By combining cutting-edge technology, global expertise, and a strong service portfolio, Carisma is set to expand its capabilities and play a key role in the global compliance and advisory services market.
For businesses looking to streamline their compliance processes, particularly in the ESG and financial advisory sectors, Carisma Solutions is now better positioned than ever to provide comprehensive, effective solutions that drive both business success and sustainability.
