Tech Mahindra has announced the incorporation of Yabx Technologies Rwanda Limited as a step-down subsidiary. This entity, based in the Republic of Rwanda, will focus on providing software and analytics platform services. Yabx Technologies Rwanda is a subsidiary of Yabx Technologies (Netherlands) B.V., which is itself a subsidiary of Comviva Technologies Limited, wholly owned by Tech Mahindra. The incorporation was finalized on December 5, 2025.
Subsidiary Expansion
Tech Mahindra is expanding its global presence through the incorporation of a new step-down subsidiary, Yabx Technologies Rwanda Limited (Yabx Rwanda), in the Republic of Rwanda. This move aims to strengthen the company’s capabilities in providing software and analytics platform services.
Details of Yabx Rwanda
Yabx Rwanda was officially incorporated on December 5, 2025. It operates as a subsidiary of Yabx Technologies (Netherlands) B.V. (Yabx Netherlands), itself a wholly-owned subsidiary of Comviva Technologies Limited, which is under Tech Mahindra’s umbrella. The primary business objective of Yabx Rwanda is to deliver software and analytics platforms and related services within Rwanda.
Financial Details
The share capital of Yabx Rwanda is Frw 7,25,000, divided into 7,250 shares with a face value of Frw 100 each. Currently, Yabx Netherlands holds 100% of the shares in Yabx Rwanda. As a newly incorporated entity, Yabx Rwanda has not yet commenced business operations and has no reported turnover.
Strategic Rationale
The establishment of Yabx Rwanda aligns with Tech Mahindra’s strategy to offer advanced technology solutions in emerging markets. By focusing on software and analytics platforms, the new subsidiary aims to serve banks, micro-financial institutions, and other lenders in Rwanda. This initiative is consistent with Tech Mahindra’s core business areas and supports its growth objectives.
Source: BSE
