Key Quantitative Figures
- Proposed investment amount: Up to ₹18 crore
- Investment period: Over three years
- Fixed subscription price per equity share: ₹60,000
- Potential equity stake for Rose Merc: Up to 23.08% of pre-money equity share capital of ZCLUS India Limited
Parties Involved
- Rose Merc Limited (BSE Script Code: 512115; Scrip ID: ROSEMER) - Investor
- ZCLUS India Limited - Investee company, a wholly owned subsidiary of ZEST Consulting LLC
- ZEST Consulting LLC - Ultimate parent company of ZCLUS
Purpose and Rationale
The investment is intended to support ZCLUS's business expansion initiatives and growth in IT services and digital transformation sectors. Specifically, it will support:
- Asia-Pacific business expansion initiatives
- Becoming a dominant service integrator
- Global Capability Center (GCC) enablement
- Capability/capacity enhancement
- Strategic acquisitions
- Scaling IT services offerings
ZCLUS specializes in SAP, Workday, Cloud, Data & AI, Automation and Managed Services across multiple industries.
Conditions and Timeline
The proposed investment:
- May be made in one or more tranches
- Subject to execution of definitive agreements
- Subject to regulatory and corporate approvals
- Subject to other customary conditions
Management Commentary
Nischit Doshi and Paresh Hule (Leading execution and strategy of ZCLUS India Limited): "This partnership with Rose Merc marks a significant milestone in ZCLUS's growth journey. The investment strengthens our ability to scale execution, deepens capabilities across technology domains, and accelerates our vision on market expansion."
Purvesh Shelatkar (Executive Director of Rose Merc Limited): "Our proposed investment in ZCLUS aligns with Rose Merc's strategy of partnering with high-growth and futurefocused businesses. ZCLUS has demonstrated strong capabilities in the IT services domain, and we see substantial potential in its expansion plans."
Company Background
Rose Merc Limited: A diversified BSE-listed company engaged in sports, entertainment, media, financial advisory and strategic investment businesses.
ZCLUS India Limited: A wholly owned subsidiary of USA-based ZEST Consulting LLC, delivering enterprise technology solutions to global clients with strong execution-driven leadership team and global delivery capabilities.