Tech Mahindra (TECHM) — Announcement

Tech Mahindra completed the merger of four wholly-owned subsidiaries—Perigord Premedia (India), Perigord Data Solutions (India), Tech Mahindra Cerium, and Thirdware Solution Limited—into itself, effective January 23, 2025. The National Company Law Tribunal (NCLT) approved the scheme on December 19, 2024. The merged entities had combined net worth of ₹202.2 crores and turnover of ₹736.16 crores (as of March 31, 2023). No shares were issued; all subsidiary equity was cancelled. The restructuring aims to eliminate inter-corporate dependencies, reduce compliance overhead, and enhance operational efficiency.

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About Tech Mahindra Limited (TECHM)

Information Technology · IT - Software · Listed on NSE

Market Cap: ₹1,34,302.72 Cr P/E: 26.3 ROE: 10.0% ROCE: 22.1%

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