The award was judged by the AVCJ Editorial Board, alongside a panel of experts specialized in operations.
EFRAC is a leading one-stop Testing Service provider service solution provider in India. Since our investment in 2016, our operating partners have closely collaborated with the EFRAC team, providing them strategic guidance to drive growth. Under Mandala Capital ownership, EFRAC has grown its revenue two-fold and its EBITDA at a CAGR of over 50% in the last five years.
This recognition from AVCJ highlights our commitment to going beyond capital investment by actively partnering with our portfolio companies. Through hands-on operational support and strategic guidance, we have helped EFRAC achieve transformative outcomes by driving growth.