Hinduja Global Solutions Limited disclosed the formation of a new wholly-owned subsidiary through its existing Mauritius subsidiary. HGS International, Mauritius, a wholly-owned subsidiary of Hinduja Global Solutions Limited, has incorporated HGS MENA IT Consulting L.L.C in Dubai, UAE on July 03, 2026.
The new entity, HGS MENA IT Consulting L.L.C, will operate in the Information Technology Consultants industry and proposes to deliver consultancy services related to Information technology.
The incorporation was approved by the Dubai Department of Economy and Tourism. The initial investment amounts to AED 1 lakh (approximately ₹2.24 lakh based on current exchange rates) made by HGS International, Mauritius.
Ownership structure establishes HGS MENA IT Consulting L.L.C as a 100% owned subsidiary of HGS International, Mauritius, making it a step-down wholly-owned subsidiary of Hinduja Global Solutions Limited.
The event occurred at 12:20 pm on July 03, 2026, and the disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular dated January 30, 2026.
Financial Impact
The initial investment of AED 1 lakh represents the total cost of subscription for the subsidiary formation. No further financial impact quantification is provided in the disclosure.