Accelerating Digital Success

A91 Partners invest growth equity in KaarTech,
a global Digital Transformation
consultancy firm.

26th June 2023

KaarTech, a Digital Transformation Consulting company, specializing in SAP and S/4 HANA implementation has raised $30M from A91 Partners, a leading investment firm, headquartered in Mumbai. Gautam Mago and Kaushik Anand from A91 Partners will be joining the Board of KaarTech. This partnership aims to fuel KaarTech’s organic and inorganic 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.  

Founded in 2006, KaarTech is a high-growth company that specializes 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. 

Veda Corporate Advisors (“Veda”) acted as the exclusive financial advisor to the Company and its promoters.  

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Quote from A91 Partners

We are excited to be partnering with Kaar Technologies. Over the last decade, they have established themselves as one of the leading partners for Digital Transformation and SAP Consulting Services. We look forward to working closely with them in helping them expand their geographic presence in US and Europe and in their journey towards becoming a publicly listed company.   

About A91 Partners

Founded in 2018, A91 Partners is an investment firm investing across Consumer, Technology, Financial Services, and Healthcare sectors in India. A91 partners with entrepreneurs building enduring businesses for tomorrow’s India. Current investments include Digit General Insurance, Aye Finance, Sugar Cosmetics, Atomberg Technologies, Hector Beverages, Videoverse, Exotel, Happilo, Inshorts, La Renon, Shipsy, Healthkart, and GIVA.

Quote from Maran, CEO of KaarTech

The partnership with A91 will catapult KaarTech into an unprecedented era of expansion, propelling us towards our aspiration of going public, despite our humble bootstrapped origins. This association will bolster our ability to expand geographically and augment our services portfolio in-organically. In doing so, we aspire to be the partner of choice for customers looking for Digital Transformation journeys in SAP, Cloud ecosystem customer experience, Process Automation, and Data Analytics blended with KaarTech’s core competence in Logistics, Supply Chain, Financial, and Human Capital Management. 

About KaarTech

KaarTech, headquartered in Chennai, was started by a group of four college friends from Tamil Nadu. Founder & CEO, Maran Nagarajan, Co-founders & Directors, Ratnakumar N, Selva kumaran M and Gaurdian George shared not just a thick friendship, but a passion and a vision to be the Leading provider of Digital Transformation Consulting services, driving digital transformation for organizations globally.  

Today, KaarTech’s operations extend to 15+ global regions, having successfully executed over 2500 projects, several of them being for marquee customers like Aramco. With a strategic focus on ensuring customer excellence, KaarTech has won 23 Quality Awards and is poised to win many more. KaarTech’s equal focus on its people is also worth a mention, as demonstrated by our impressive attrition rate of 3.5%, particularly when the industry is reeling north of 20% in employee turnover. This is largely due to KaarTech’s commitment to fostering a thriving work culture, exemplified through robust governance practices and enhanced project management capabilities. 

Soon, KaarTech aims to be a listed company, going beyond SAP with their numerous IPs and a Digital Portfolio. With multi-million-dollar deals and expanding into new markets, KaarTech aspires to build a lasting Institution and become a prominent player in the Digital Transformation Arena.

For any queries or release related content, please contact Ananth – Head of Branding, KaarTech.

Ph No: +918148889182
Mail: pananthakrishnan@kaartech.com

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