Tech Mahindra Subsidiary Acquires Brazilian IT Firm in Strategic Move with Orange Business
Tech Mahindra Servicos De Informatica S.A, a wholly-owned subsidiary of Tech Mahindra Limited, has completed the acquisition of Alyis Serviços Técnicos LTDA, establishing a key strategic move within Latin American operations. The transaction was finalized on 1 July 2026 and involves a Quota Purchase Agreement signed with Orange Business Services Brasil LTDA ('Orange').Following the completion of the acquisition, Alyis Serviços Técnicos LTDA will become a wholly-owned stepdown subsidiary of Tech Mahindra Limited. This move solidifies the company's presence in the IT services market within the Latin American region.
The acquisition is part of a partnership between Tech Mahindra and Orange Business, which encompasses outsourcing several international operations, including global customer support, quote to bill processes, and post sale support. Given that Alyis Serviços Técnicos LTDA operates in Brazil supporting the LATAM region, this transaction enables Tech Mahindra to provide seamless specialized support to Orange Business customers.
The details of the acquired entity and the terms of the deal are as follows:
| Metric | Detail |
|---|---|
| Target Entity | Alyis Serviços Técnicos LTDA |
| Incorporation Date | May 27, 2026 (Rio de Janeiro, Brazil) |
| Business Focus | Providing IT services and consulting to the Telecom Sector. |
| Employees | Approximately 270 |
| Acquisition Type | 100% shareholding |
The cost of this acquisition was determined to be BRL 1.2mn, which is equivalent to approximately Rs 2.21 crores based on an exchange rate of Rs 18.42 per BRL. Alyis Serviços Técnicos LTDA holds a total share capital of BRL 1,199,718 and reported a net worth of BRL 1.2 mn as of 1 July 2026.
Alyis Serviços is engaged in providing various IT services to the telecommunications sector. These services include training and consulting, software development and licensing support, digital transformation, and enterprise network services. As a newly incorporated entity, its turnover was reported as Nil.
TECHM Stock Price Movement
Tech Mahindra Limited shares slipped by 3.18% on Wednesday, closing at ₹1362.20 after shedding ₹44.70 from its previous close. The stock traded with a volume of 3.79 million shares and tested lows around ₹1355.6 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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