Tech Mahindra has announced the incorporation of Chessworks Private Limited (CWPL) as a wholly-owned step-down subsidiary, effective December 14, 2025. CWPL aims to promote chess events and leagues globally. The initial investment is ₹100,000. This strategic move aligns with Tech Mahindra’s interest in expanding into new areas of sports and entertainment.
Chessworks Private Limited Launched
Tech Mahindra has established Chessworks Private Limited (CWPL) as a wholly-owned step-down subsidiary. The incorporation was finalized on December 14, 2025.
Business Objectives
CWPL’s primary focus will be on organizing and promoting chess events and leagues on a global scale. This initiative aims to tap into the growing interest in chess and related activities.
Financial Details
The authorized share capital of CWPL is ₹100,000, divided into 10,000 equity shares of ₹10 each. The subscribed and paid-up share capital is also ₹100,000, fully owned by Allyis India Private Limited (AIPL), a wholly-owned subsidiary of Tech Mahindra.
Future Plans
CWPL is a newly incorporated entity and is yet to commence business operations. Future plans include developing chess-related events and building related digital platforms.
Source: BSE
