Tech Mahindra subsidiaries to merge for operational efficiency

Tech Mahindra Limited announced on December 1, 2025, the approval of a Plan of Merger between its wholly-owned step-down subsidiaries, LCC North Central Europe B.V. (LCC NCE) and LCC Europe B.V. (LCC EUROPE). The merger, approved by the respective boards, is subject to regulatory approvals in the Netherlands, with an appointed date of April 1, 2025.

LCC NCE, incorporated in 1994, is involved in the design, construction, and management of data centers, reporting a turnover of INR 136.70 million for the financial year 2024-25. LCC EUROPE, incorporated in 2011, is a holding company for LCC Group entities in Europe, Africa, and Latam, with nil turnover for the same period. Upon completion, LCC NCE will cease to be a separate wholly-owned subsidiary of LCC Europe B.V.

The rationale for the merger is to reduce the number of entities within the group, optimize operational costs, and mitigate compliance risks. No cash consideration or new shares will be issued, and the shareholding pattern of Tech Mahindra Limited remains unchanged.