Tech Mahindra announces the incorporation of a new step-down subsidiary, Yabx Technologies Tanzania Limited, in the United Republic of Tanzania on December 10, 2025. This entity is a subsidiary of Yabx Technologies (Netherlands) B.V., which in turn is a wholly owned subsidiary of Comviva Technologies Limited, a Tech Mahindra subsidiary. The new subsidiary will focus on providing software and analytics platform-related services.
Subsidiary Incorporation
Tech Mahindra has expanded its global presence through the incorporation of a new step-down subsidiary named Yabx Technologies Tanzania Limited (“Yabx Tanzania”). This entity was officially established in the United Republic of Tanzania on December 10, 2025.
Business Objectives
Yabx Technologies Tanzania will operate with the primary objective of providing software and analytics platforms, along with related services, within the Tanzanian market. The incorporation of this subsidiary aligns with the broader business strategy of Tech Mahindra to expand its reach in providing software and analytics solutions across Africa.
Ownership Structure
The ownership of Yabx Technologies Tanzania is structured through multiple layers. It is a direct subsidiary of Yabx Technologies (Netherlands) B.V. (“Yabx Netherlands”). Yabx Netherlands is wholly owned by Comviva Technologies Limited, which is, in turn, a subsidiary of Tech Mahindra.
Share Capital
The share capital of Yabx Technologies Tanzania is TZS 2,419,000, divided into 100 shares with a value of TZS 24,190 each.
Source: BSE
