EMA Partners India Forms Strategic Tie-up With STAIR Digital for AI-Driven Board Services

Key numbers

Market Cap	₹187.13 CrMicro Cap
Annual Revenue	₹87.36 CrFY26 Operating
TTM PE	15.21xSector 40.25x
RSI	46.89Neutral Zone

Key highlights

• New service covers Board Strategy, Governance, Composition, Hiring, and Evaluation
• Led by corporate veteran Shailesh Haribhakti, Co-Founder of STAIR Digital
• Partnership focuses on making Indian boards future-ready in the world of AI
• Targeting listed and unlisted companies, PSUs, and family-run businesses
• EMA Partners reported an annual net profit of ₹12.3 crore for FY26

What Is the Partnership?

EMA Partners India Limited has formalized a strategic partnership with STAIR Digital to establish EMA STAIR Board Services. This specialized unit is designed to provide comprehensive advisory for corporate boards, covering board composition, hiring, and performance evaluation. The collaboration aims to address the growing demand for independent and structured board governance in India.

By combining executive search capabilities with digital-first advisory, the new service will support organizations in navigating complex regulatory environments and strategic shifts. The initiative focuses on delivering value-added services to help boards manage stakeholder engagement effectively.

Partner Profile

STAIR Digital is a specialized advisory firm co-founded by Shailesh Haribhakti, a prominent corporate leader and practicing Chartered Accountant. Haribhakti brings extensive experience from serving on the boards of multiple large-scale listed and unlisted entities. The firm focuses on the intersection of financial governance and Artificial Intelligence, evidenced by leadership's contributions to literature like The AI Auditor.

The STAIR team includes CEO Shubham Saraff, who works alongside EMA leadership to deliver technology-integrated board solutions that bridge the gap between traditional governance and modern digital requirements.

What It Unlocks

• Access to AI-driven board advisory tools for listed and unlisted Indian corporations
• Integration of deep financial governance expertise with executive search capabilities
• Expansion into high-margin board evaluation and strategy consulting segments
• Strategic positioning to serve multinational corporations and public sector undertakings
• Consolidation of board-level services into a one-stop shop for corporate clients

Business and Financial Context

EMA Partners India Limited operates in the leadership advisory and executive search sector, with an expertise in Board and C-Suite hiring. For the financial year ending March 31, 2026, the company recorded an operating revenue of ₹87.36 crore and a net profit of ₹12.3 crore. The company maintains a healthy promoter holding of 65.76%.

In the market, the stock trades at a price-to-earnings multiple of 15.21x, which is lower than the sector average of 40.25x. The firm continues to serve diverse sectors, focusing on leadership assessment and organizational impact.

Strategic Vision

Our aim is to help Indian boards, across listed and unlisted companies, multinational corporations, PSU’s and family-run businesses, become truly effective and well governed. Such boards can make a real impact on their businesses and make them future ready in the world of AI.

“This has been a longstanding need from our clients to provide a one-stop shop for Board Advisory as there is an increasing focus on good governance and key stakeholder engagement.”

“Good board governance is the first step towards responsible corporate citizenship, and the mission of EMA STAIR Board Services is to provide the right counsel to boards and businesses.”

EMA Partners India · financial snapshot

Share price	₹80.5
Market capitalisation	₹187.13
Revenue (annual)	₹87.36
Net profit (annual)	₹12.30
P/E (TTM)	15.21×Sector 40.25×
Promoter holding	65.76%
FII holding	0.12%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.