Lexplosion Solutions, leading compliance management firm, receives next round of funding from Mr. Pramod Bhasin, Vice Chairman and Ex-CEO of Genpact

January 23, 2013
Top Quote Lexplosion Solutions Pvt Ltd, India's leading legal and compliance management solutions firm, has announced that it has received its next round of private equity investment from Mr. Pramod Bhasin, Non-Executive Vice Chairman and former President and CEO, Genpact. End Quote
  • (1888PressRelease) January 23, 2013 - Kolkata, West Bengal, India - Mr. Bhasin is widely considered as the father of the Indian Business and Knowledge Process Outsourcing industry. He has served as the Chairman of India's National Association of Software & Services Companies (NASSCOM) for the year 2009-10, and is also a member of the Board of Trustees of NASSCOM Foundation.

    Over the past five years Lexplosion Solutions has built an impressive client base and provides compliance management services to some of the leading global organizations including Fortune 500, NASDAQ 100, S&P 500 companies. Founded in 2007 by four ex-GE lawyers, Lexplosion has served some of the largest and most respectable organizations for their legal and compliance management needs.

    Lexplosion has been acknowledged by industry's leading associations and firms for its outstanding product and services. Some of the industry accolades received by Lexplosion are:
    1. "Outstanding IT/ITES Company" at Emerge -January 2012- NASSCOM
    2. Featured in Emerge 50 for 2012- NASSCOM
    3. Winner of "Technology Fast 50 India 2012" Program- Deloitte

    Lexplosion forayed into the platform-driven Legal Governance, Risk and Compliance (LGRC) Management space last year by introducing state-of-the-art compliance management tool, Komrisk. Komrisk is uniquely positioned to empower the compliance teams of the organizations with relevant regulatory information through an IT application. It is available in both cost effective cloud model and customizable On-premise delivery model. Within a span of 1 year, Komrisk has been implemented by some of the leading MNCs. The tool has already forayed outside India and is currently being implemented in the US, Singapore, Egypt and Bangladesh.

    Expressing his keen interest in the future of Lexplosion and Komrisk, Mr. Bhasin said "This is an exciting area of growth. Regulatory compliance is a complex area and will continue to become more important for businesses as they grow and expand. We believe that there will be a strong opportunity.

    Lexplosion has created a solid framework of resources and highly up to date knowledgebase along with an easy to use technology platform that brings it all together. We are happy to partner with them and support their growth as they take on additional customers in India and outside."

    Lexplosion's CEO and co-founder, Mr. Indranil Choudhury is delighted with this latest investment. "An investment by a visionary and industry-leader like Pramod is a tremendous vote of confidence for Lexplosion. We have demonstrated strong innovation skills and growth potential over our five-year history. With this investment, we will be able to focus on more innovative and exciting products in the LGRC space.

    For more information on Lexplosion Solutions/ Komrisk, visit www.lexplosion.in/ www.komrisk.com

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