Tech Mahindra has announced the incorporation of a new step-down subsidiary in Tanzania, marking another strategic expansion in the African market. The IT services giant received confirmation on December 10, 2025, that Yabx Technologies Tanzania Limited has been officially incorporated in the United Republic of Tanzania.

Corporate Structure and Ownership

The newly formed subsidiary operates through a multi-tiered corporate structure. Yabx Technologies Tanzania Limited is incorporated as a subsidiary of Yabx Technologies (Netherlands) B.V., which is a wholly-owned subsidiary of Comviva Technologies Limited. Comviva Technologies Limited itself is a subsidiary of Tech Mahindra Limited, making the Tanzania entity a step-down subsidiary of the parent company.

Business Objectives and Market Focus

Yabx Technologies Tanzania Limited has been established with the primary objective of providing software and analytics platform related services to clients in Tanzania. The subsidiary will focus on serving banks, micro-financial institutions, and other lending organizations in the Tanzanian market. This business model aligns with Tech Mahindra's core information technology services and represents an extension of the company's existing capabilities into the East African region.

Regulatory Compliance and Documentation

Tech Mahindra received the incorporation confirmation at 7:44 p.m. IST on December 10, 2025, when the certificate of incorporation was issued by the Office of the Registrar of Companies in Tanzania. The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

The incorporation of Yabx Technologies Tanzania Limited represents Tech Mahindra's continued focus on expanding its geographical footprint in emerging markets. The subsidiary will operate in the information technology sector, maintaining alignment with the parent company's core business activities. As a newly incorporated entity, Yabx Technologies Tanzania Limited has not yet commenced business operations and therefore has no turnover to report at this time.

The establishment of this subsidiary demonstrates Tech Mahindra's commitment to serving the growing demand for digital financial services in Tanzania's banking and microfinance sectors, positioning the company to capitalize on the region's digital transformation initiatives.

Tech Mahindra , a leading Indian IT services company, has announced a strategic move to strengthen its foothold in the African market. The company's subsidiary, Yabx Technologies (Netherlands) B.V., has incorporated a new step-down subsidiary in Rwanda, marking a significant expansion of Tech Mahindra's global operations.

Key Details of the New Subsidiary

Business Objectives and Market Focus

The newly incorporated Yabx Technologies Rwanda Limited aims to provide software and analytics platform services in the Rwandan market. This strategic move is designed to cater to a diverse range of clients, including:

• Banks
• Micro-financial institutions
• Other lenders in Rwanda

By offering specialized software and analytics solutions, Tech Mahindra is positioning itself to tap into the growing financial technology sector in Africa, particularly in Rwanda.

Strategic Implications

This expansion aligns with Tech Mahindra's broader strategy to:

1. Diversify its geographical presence
2. Capitalize on emerging markets in Africa
3. Strengthen its portfolio in financial technology services

The incorporation of Yabx Technologies Rwanda Limited demonstrates Tech Mahindra's commitment to investing in new markets and expanding its global footprint. This move may potentially open up new revenue streams and business opportunities in the African continent.

Conclusion

Tech Mahindra's latest corporate action reflects the company's proactive approach to global expansion and its focus on emerging markets. By establishing a presence in Rwanda through its subsidiary, the company is well-positioned to leverage the growing demand for financial technology solutions in Africa. Investors and industry observers will likely keep a close watch on how this new venture contributes to Tech Mahindra's overall growth strategy and financial performance in the coming years.