Former Naval Commander Anil DSouza sells stake in Simpliance

Former Naval Commander Anil Prem DSouza, his investment firm Cbensol, and cofounder Hansa Sharma have exited Simpliance Technologies, a Bengaluru-based tech startup engaged in processing labour compliances for firms. They sold their combined stake to Aparajita for Rs 28 crore.

DSouza founded Simpliance in 2015 in which business services provider Quess Corp held a 52% stake a time. In October 2022, Quess sold its entire stake in Simpliance to HR compliance services company Aparajitha Corporate Services for an enterprise value of Rs 120 crore.

On his plans post-exit, DSouza said, "I plan to explore opportunities in the rapidly growing waste management industry and also aim to solve challenges plaguing the real estate sector. My aspiration is to continue solving critical issues affecting businesses and individuals across the country.”


He bootstrapped his startup after he saw a business opportunity in assisting startups and corporates process their periodic filings with labour authorities. Indian companies must comply with myriad state-specific labour regulations.

At the time of launch of his app seven years ago, D’Souza had said his startup’s business model was not to scare the clients but to show how the whole process could be done in a few seconds.