Mphasis Limited , a leading IT services and solutions provider, has announced a strategic move into the artificial intelligence (AI) sector through its wholly-owned subsidiary, Mphasis Corporation, USA. The subsidiary has acquired a 26% preferred stock stake in Aokah Inc., a Delaware-based corporation, for a total consideration of up to $4 million.

Investment Details

Aokah Inc., incorporated on January 7, 2023, is a newly established company focused on delivering Business Intelligence Platforms and additional Information Technology Services. The investment aligns with Mphasis's strategy to expand its capabilities in AI and data-driven solutions.

Strategic Objectives

The acquisition is aimed at achieving several key objectives:

1. Leveraging Artificial Intelligence to drive speed, intelligence, and efficiency
2. Building high-performing Global Capability Centers (GCCs) that foster innovation, resilience, and long-term business impact
3. Developing an AI-driven platform that integrates automation, data-driven insights, and ecosystem intelligence

Transaction Highlights

About Aokah Inc.

Aokah Inc. is a young company with a presence in both the USA and India. It specializes in:

• Business Intelligence Platforms
• Information Technology Solutions
• Computer Services

As a newly incorporated entity, Aokah Inc. currently has no reported turnover.

Impact on Mphasis

This investment represents a strategic move by Mphasis to strengthen its position in the AI and business intelligence sectors. By acquiring a stake in Aokah Inc., Mphasis aims to enhance its capabilities in developing AI-driven platforms and solutions, potentially leading to improved service offerings for its clients.

The company has clarified that this investment does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in Aokah Inc.

As Mphasis continues to expand its portfolio and capabilities in emerging technologies, this investment in Aokah Inc. could play a significant role in shaping the company's future direction and service offerings in the AI and data analytics space.

Mphasis Limited , a leading IT services and solutions provider, has announced a strategic move into the artificial intelligence (AI) sector through its wholly-owned subsidiary, Mphasis Corporation, USA. The subsidiary has acquired a 26% preferred stock stake in Aokah Inc., a Delaware-based corporation, for a total consideration of up to $4.00 million.

Investment Details

Aokah Inc., incorporated on January 7, 2025, is a newly established company focused on delivering Business Intelligence Platforms and additional Information Technology Services. The investment, which does not fall under related party transactions, aims to leverage AI to drive speed, intelligence, and efficiency in Mphasis's operations.

Strategic Objectives

The acquisition aligns with Mphasis's strategic goals, which include:

• Building high-performing Global Capability Centers (GCCs) that drive innovation, resilience, and long-term business impact
• Integrating AI-driven platforms that combine automation, data-driven insights, and ecosystem intelligence

Company Statements

Mayank Verma, Senior Vice President and Company Secretary of Mphasis Limited, stated in the regulatory filing, "We wish to inform you that Mphasis Corporation, USA, a wholly owned subsidiary of our Company, has acquired a 26% preferred stock stake in Aokah, Inc., a Delaware-based Corporation in the United States of America."

Market Impact

This investment represents a significant step for Mphasis in expanding its capabilities in the rapidly growing AI sector. By acquiring a stake in Aokah Inc., Mphasis aims to enhance its service offerings and maintain a competitive edge in the evolving IT landscape.

Financial Considerations

The investment was made in cash, with no regulatory approvals required for the acquisition. As Aokah Inc. is a newly established entity, it currently has no reported turnover.

This strategic investment underscores Mphasis's commitment to innovation and its focus on integrating cutting-edge AI technologies into its service portfolio. As the AI industry continues to expand, this move positions Mphasis to capitalize on emerging opportunities in the sector.