Veerinderjeet, Ranjit list Malaysian-based company in Singapore

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| Singapore | 27 Nov 2015 | Asia Samachar |

 

Axcelasia IPO launch in Singapore on 27 Nov 2015. Top: Dr Veerinderjeet Singh, bottom: Ranjit Singh
Axcelasia IPO launch in Singapore on 27 Nov 2015. Top: Dr Veerinderjeet Singh, bottom: Ranjit Singh

Two prominent financial professionals from amongst the Malaysian Sikh community are spearheading a company that today gained listing on the Singapore Stock Exchange (SGX).

Tax expert Dr Veerinderjeet Singh and audit expert Ranjit Singh, together with Peter Tang, are the key promoters of Axcelasia Inc.

Axcelasia, a Malaysian-based integrated professional services firm, aimed to raise close to S$12 million from the initial public offering (IPO) to list on the SGX’s Catalist board.

“We are ready to take Axcelasia onto a bigger platform. The launch of this IPO marks a significant milestone for us as it will allow us to embark on our next phase of growth by leveraging our success in Malaysia to scale up our presence in the Asean region,” said Dr Veerinderjit, who is the company’s executive chairman, in a statement released by the SGX following the IPO today (27 Nov 2015).

Dr Veerinderjit regularly appears in the Malaysian media scene, including discussing tax implications of the Federal Government’s annual budget on television in Malay.

The company is an integrated professional services firm providing tax advisory, business consulting, enterprise management system (EMS) applications, and business support services to government-linked entities, public listed companies and multinational corporations, mainly in Malaysia.

Its major clients include the subsidiaries of Tan Chong Group and Telekom Malaysia, it said in an earlier statement.

Axcelasia was formed through the acquisition of the three firms, according to information made available on its website.

The three companies are: Taxand Malaysia Sdn Bhd, a company providing specialist tax services; Columbus Advisory, a group of companies providing business advisory services and software application; and PTA, a group of companies providing accounting, corporate, secretarial services and outsourcing services.

The three key promoters are all formerly from “big four” accounting firms and have extensive experience in advising organisations in various sectors, the company said.

 

[ASIA SAMACHAR is an online newspaper for Sikhs in Southeast Asia and surrounding countries. We have a Facebook page, do give it a LIKE. Follow us on Twitter. Visit our website: www.asiasamachar.com]

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3 COMMENTS

  1. Failure to respond may give the impression that some Sikh experts/professionals in public prominence reported in AS may either do not read comments referring to them and published in Asia Samachar or if they do read they may not be interested in the views or may have little regard and thus more of nuisance value.
    Similarly not many Sikhs give any views of the varous topics unless the topics refer to DG or any Gurdwaras controversies which are generally divisive in nature.
    Sikh professionals, NGO and Sanggat have a voice in AS but most appear to opt to be silent and not provide ideas or guidance or mentoring to improve the economies of fellow Sikhs especially youths who may need in current volatile and difficult times.
    ALL WHO CAN, SHOULD SHARE THEIR KNOWLEDGE AND EXPERTISE AND SECRETS OF THEIR SUCCESS.
    Other communitees have high regard of Sikhs but sadly they may not be aware of the individuality of Sikhs.
    There are families where one member may be financially very rich while others may be living in low cost apartments and some elderly members neglected or dumped as if they have no one and when the elderly die the rich children pay homage to show their ‘love and respect’ for the deceased.
    CROCODILE TEARS!!!
    Views based on personal observations.
    Apologies if feel offended as this is not personal.
    Gur Fateh

  2. It is now over seven months but nothing is known about the two experts assisting other Sikhs to enhance their expertise or their plans to assist others.

    Lack of other comments gives confirmation to the perception that
    SIKHS ARE KNOWN WORLDWIDE FOR INDIVIDUAL ACHIEVEMENTS BUT NOT KNOWN FOR THEIR CONTRIBUTIONS TO [SIKH] SOCIETY. Hope they have some plans which they can discuss with the
    Management of Coalition of Sikh Organizations to [Mr Autar Singh] implement with them. Other
    organizations could include SWAN and SNSM.

    My best wishes to them.

  3. My congratulations to both Virenderjeet and Ranjit for expanding to Singapore and its listing on SGX. I know both of them personally.
    My hope now is that these two Sikh professionals [and others who have succeeded], will also assist other aspiring Sikhs in their ambitions for enhancing their careers, by sharing their expertise/experience by joining organizations which provide opportunities/facilities/programmes to aspiring young professionals. In most cases the young professionals only need some initial assistance.
    LET THIS BE THE DASWANDH OF VIRENDERJEET AND RANJIT AND OTHER SUCCESSFUL SIKHS.

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