April 1, 2015 – Mumbai, India –E erstone Capital, a premier India and South East Asia focused private equity and real estate investment firm, has acquired the Asia Pacific payroll business of Aon Hewitt. Headquartered in Singapore, the business operates under Payfront Technologies Pte. Ltd. and will be rebranded as “Excelity Global”.
Excelity Global is a leading provider of a broad range of services in payroll processing and human resources management, with over 400 clients across 17 countries in the Asia-Pacific region, serviced through its offices in India, Singapore, China and the Philippines. The company processes over 9 million pay slips annually and has the capability to service clients across industries globally. In addition, the company uses a proprietary and highly scalable platform that includes core payroll processing, data aggregation, and supplemental systems. Gurinder Singh, head of Aon Hewitt’s Asia Pacific payroll business, will continue to serve as the leader of the new organization, as the Chief Executive Officer of Excelity Global.
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