Tech Mahindra, an India-based information technology consultancy group, part of Mahindra Group announced that it has agreed to buy 100% equity shares in Allyis India Private Limited and is holding Green Investments LLC for $125 million (INR 930 crore). Allyis India Pvt Ltd was incorporated in 2018 and most of its high-ranked employees are India-based. Whereas, Green Investments LLC was incorporated in 2013.
Allyis Group is an independent company headquartered in Seattle, US, and has more than 660 employees. The company offers technology development, professional staffing, and consultancy that helps businesses to grow. As of 31 December 2020, the company Allyis Group had a revenue of 39.6 million USD.
As per Tech Mahindra, “The acquisition will bolster Tech Mahindra’s capabilities in digital experience solutions such as learning & development, marketing and instructional design as well as in engineering solutions such as cloud & automation and business intelligence & analytics.”
Earlier this month, Tech Mahindra announced its accumulation of a 100% stake in US-based Activus Connect, a provider of customer services and management solutions. Activus has more than 1750 employees. For the financial year ended 31 December 2020, it recorded revenue of $17 million.