eClerx has announced the merger of its wholly-owned step-down subsidiaries, ASEC Group LLC and Personiv Contact Centers, LLC, effective October 1, 2025. The merger aims to consolidate entities for a more efficient corporate structure and reduce administrative costs. The transaction does not involve any change in the shareholding pattern of eClerx.
Subsidiary Merger
eClerx Services Limited has completed the merger of its wholly-owned step-down subsidiaries, ASEC Group LLC and Personiv Contact Centers, LLC, effective October 1, 2025. This strategic move is designed to streamline operations and enhance organizational efficiency.
Financial Overview (FY 2025)
The following figures reflect the financial performance of the merged entities for the financial year ended March 31, 2025:
ASEC Group LLC: Turnover of ₹571.96 million and Profit after tax of ₹92.05 million.
Personiv Contact Centers LLC: Turnover of ₹0.00 million and Profit after tax of (₹26.20) million.
Note: All figures are converted to INR at an exchange rate of 1 USD: INR 84.55805535.
Rationale
The merger is intended to achieve entities consolidation for efficient corporate structure and thereby reduce administrative cost. The transaction involves wholly-owned subsidiaries and does not require cash consideration or the issuance of new shares.
Impact on Shareholding
The merger does not affect the shareholding pattern of eClerx Services Limited as it is strictly a consolidation of step-down subsidiaries. The Company remains unchanged as it is not a party to the merger.
Source: BSE
