KaarTech, a global IT consulting company specialising in SAP and S/4 HANA implementation, has raised $30M from A91 Partners, a Mumbai-based investment firm. Gautam Mago and Kaushik Anand from A91 Partners will join the Board of KaarTech.
The investment, according to the company, aims to fuel its organic and inorganic growth across existing markets in the Middle East, the European Union and North America.
Founded in 2006 and headquartered in Chennai, KaarTech specialises in IP & Digital Services in the SAP ecosystem with 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.
“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,” said Maran Nagarajan, CEO of KaarTech.
It is not often that we get to have a sense of accomplishment in the journey of entrepreneurship. One of those exceptional days when we experienced a sense of attainment was when A91 Partners infused $30 Million in Kaar Tech breaking the 15 year streak of bootstrapped journey – Nagarajan wrote in his Linkedin Post.
KaarTech was started by four college friends from Tamil Nadu. The company currently has operations in over 15 global locations and has executed over 2500 projects.
