Samvardhana Motherson moves to fully integrate tech subsidiary

Samvardhana Motherson International Limited (SAMIL) announced on August 29, 2025, that its board approved a scheme for the reduction of share capital by Motherson Technology Services Limited (MTSL). This move will transform MTSL into a 100% wholly-owned subsidiary of SAMIL, subject to approval from the National Company Law Tribunal.

Currently, SAMIL holds a 92.96% stake in MTSL. The reduction will involve 7,858,602 fully paid equity shares at a price determined by a valuation report from Price Waterhouse & Co LLP. The total payout for this reduction is approximately INR 335.25 million, with INR 150.76 million attributable to the promoters and promoter group. MTSL, incorporated on April 15, 1985, operates in the information technology sector, assisting companies with digital and technological transformation.

MTSL's consolidated revenue from operations for the financial year ended March 31, 2025, was INR 11,362.6 million. The company's revenues were INR 7,762.4 million in 2023 and INR 9,489.7 million in 2024. The completion of this capital reduction is expected during the fourth quarter of the financial year 2025-26.