Chennai, India, 26th April 2023 – Expleo announces the merger of its Indian businesses – Expleo India Infosystems Private Limited, Expleo Technologies India Private Limited, Expleo Engineering India Private Limited and Silver Software Development Centre Private Limited with Expleo Solutions Limited. The merger scheme initially approved by the shareholders is now sanctioned by the National Company Law Tribunal in India.
Expleo Solutions Limited is a publicly listed company on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), and its registered office is in Chennai. The Company has a more than 25-year track record of successful business operations worldwide. Expleo Solutions Limited is part of the Expleo Group, a global engineering, technology and consulting service provider that partners with leading organisations to guide them through their business transformation, helping them achieve operational excellence and future-proof their businesses.
The consolidation of four entities with Expleo Solutions Limited supports the company in simplifying the corporate structure in India and augmented access to capital to support further business expansion and value generation for clients and shareholders. While the terms of employment in India remain unchanged and unaffected, the merger will provide additional opportunities for staff and the ability to attract better talent and scale to support the growth across the banking, financial services, insurance, automotive, aerospace and other businesses in the coming years.
Balaji Viswanathan, MD & CEO of Expleo Solutions Limited, said: “We are consolidating our Indian businesses to drive synergies with clients and partners, tap into the potential of capability and scale in India, and support our global growth. Our sharper strategic focus and improved agility will help us unlock our full potential in a demanding and competitive landscape while ensuring the professional development of our workforce. Our clients remain our top priority, and they will benefit from better access to talents and
cross-industry innovation, which will further improve our offerings and value proposition.”
Expleo remains committed to providing unparalleled engineering, technology, and
consulting services to its clients globally. The amalgamation of its Indian businesses marks a significant milestone in achieving this goal, enabling the company to augment its capabilities and fuel its expansion.