Tech Mahindra arm to buy 85% in Alluri Tech for 28 mln Canadian dollars
This story was originally published at 22:44 IST on 30 April 2026
Register to read our real-time news.Informist, Thursday, Apr. 30, 2026
--Tech Mahindra arm to buy 85% in Alluri Tech for INR 1.95 bln
MUMBAI – Tech Mahindra Ltd.'s subsidiary Tech Mahindra Consulting Group Inc. will buy an 85% stake in Alluri Technologies Inc. for 28 million Canadian dollars (around INR 1.95 billion). The subsidiary will acquire the remaining 15% stake of Alluri after three years.
Alluri Technologies is based out of Canada and specialises in payments modernisation and wealth platforms for North American banks. Alluri had a turnover of INR 4.07 billion in 2025.
"The acquisition is expected to further strengthen the Company's service capabilities and deepen its industry expertise within the BFSI (Banking, Financial Services, and Insurance) vertical," Tech Mahindra said in an exchange filing. "The strategic alignment also brings experienced sector talent and established client relationships, enabling faster and more scalable delivery across key markets."
For the quarter ended March, Tech Mahindra reported a consolidated net profit of INR 13.54 billion on consolidated revenues of INR 150.76 billion. Thursday, shares of the company closed at INR 1,473.50 on the National Stock Exchange, up nearly 1%. End
Reported by Anshul Choudhary
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
