NCLT Approves Amalgamation of R Systems International and RightMatch Holdings

1 min read     Updated on 05 Sept 2025, 09:49 PM
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Overview

The National Company Law Tribunal (NCLT) New Delhi Bench has approved the Scheme of Amalgamation between R Systems International Limited (RSIL) and RightMatch Holdings Limited. RSIL received the approval order on February 18, 2021, following the NCLT's decision on February 1, 2021. The company is now awaiting approval from statutory authorities in Mauritius to proceed with the amalgamation.

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R Systems International Limited (RSIL) has received a significant boost in its corporate restructuring efforts. The National Company Law Tribunal (NCLT) New Delhi Bench has given its stamp of approval to the Scheme of Amalgamation between R Systems International Limited and RightMatch Holdings Limited.

Key Developments

  • The NCLT New Delhi Bench approved the amalgamation scheme through an order dated February 1, 2021.
  • R Systems International received the official order on February 18, 2021.
  • The company is currently awaiting approval from statutory authorities in Mauritius to proceed with the amalgamation.

Implications of the Amalgamation

The approval of this amalgamation scheme marks a crucial step in R Systems International's corporate strategy. Mergers and acquisitions often aim to create synergies, improve operational efficiency, or expand market presence. However, the specific benefits of this particular amalgamation remain to be seen as the process unfolds.

Next Steps

While the NCLT approval is a significant milestone, the amalgamation process is not yet complete. R Systems International is now focusing on obtaining the necessary approvals from statutory authorities in Mauritius. This step is critical for the amalgamation to move forward, highlighting the international nature of the transaction involving RightMatch Holdings Limited.

Investor Considerations

Shareholders and potential investors of R Systems International should keep a close eye on further developments regarding this amalgamation. The completion of the process and its subsequent impact on the company's operations and financial performance will be of particular interest to the market.

As the situation evolves, more details about the amalgamation's structure, timeline, and potential impact on R Systems International's business operations may emerge. Stakeholders are advised to stay tuned for further announcements from the company regarding the progress of the amalgamation and any required regulatory approvals.

Historical Stock Returns for R Systems International

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R Systems Completes ₹400 Crore Novigo Acquisition, Expands AI Capabilities

2 min read     Updated on 25 Aug 2025, 02:56 PM
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Reviewed by
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Overview

R Systems International Limited successfully completed the acquisition of Novigo Solutions on November 13, 2025, for ₹400 crore, making it a wholly-owned subsidiary. The strategic deal enhances R Systems' AI capabilities, expands revenue base from $208 million to $240 million, and strengthens presence in the Middle East market where Novigo generates 47% of its revenues.

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R Systems International Limited has successfully completed the acquisition of Novigo Solutions Private Limited on November 13, 2025, making it a wholly-owned subsidiary. The strategic acquisition, valued at ₹400 crore upfront, significantly enhances R Systems' artificial intelligence capabilities and expands its global digital engineering footprint.

Acquisition Completion Details

The completion follows the definitive agreement announced on August 21, 2025, after receiving all necessary regulatory approvals and satisfying customary closing conditions. Under the transaction terms, R Systems has acquired 100% equity in Novigo.

Parameter: Details
Completion Date: November 13, 2025
Deal Value: ₹400 crore upfront
Equity Acquired: 100%
Funding Sources: ₹125 cr internal accruals, ₹275 cr NCDs

Integration Strategy and Operations

As integration begins, both organizations will move forward in a coordinated manner under a unified strategic direction. Novigo will continue delivering on its current commitments, while teams and processes are integrated gradually to ensure a smooth transition with no customer disruption. Over time, R Systems and Novigo will operate fully as one combined organization, offering expanded capabilities and a broader engineering footprint to clients worldwide.

Strategic Benefits and Market Impact

The acquisition brings substantial strategic advantages to R Systems:

Metric: Impact
Revenue Growth: From $208 million to nearly $240 million
Novigo Contribution: Approximately $30 million
Middle East Revenue: 47% of Novigo's revenues
Target Market Size: $25 billion in Middle East
EBITDA Margins: Novigo >25% vs R Systems 17.50%

Management Commentary

Nitesh Bansal, CEO Managing Director of R Systems, stated: "Combining Novigo's automation depth with our Optima AI portfolio enables us to take customers from model engineering to autonomous execution within a single ecosystem. We extend a warm welcome to the entire Novigo team as we grow our presence in Tier-2 cities and bring opportunities closer to where great talent thrives."

Praveen Kalbhavi and Mohammed Hanif, CEO and CTO of Novigo Solutions, added: "Joining R Systems opens up tremendous opportunity for our teams and customers. Our complementary capabilities and shared commitment to innovation will help us create greater value, deepen client relationships, and expand our global reach."

Company Profiles

Novigo is a digital-native company with expertise in end-to-end IT solutions such as product engineering, low-code/no-code development and intelligent automation services. The company enables enterprises across BFSI, Hi-Tech, Manufacturing, and Energy sectors to accelerate their digital transformation, with solutions powered by advanced engineering capabilities and partnerships with Microsoft, Snowflake, Databricks, UiPath and OutSystems.

Historical Stock Returns for R Systems International

1 Day5 Days1 Month6 Months1 Year5 Years
-0.78%-3.42%+1.92%-8.44%-14.44%+235.48%
R Systems International
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