The company received intimation on September 17, 2026, from its existing wholly owned subsidiary, SIS Global Workforce Solutions Private Limited ("SIS Global Workforce"), that it has incorporated a new wholly owned subsidiary named "SIS Global Workforce Solutions Finland Oy" in Helsinki, Finland.
Subsidiary Details
- Name: SIS Global Workforce Solutions Finland Oy
- Date of Incorporation: August 31, 2026
- Country of Incorporation: Finland
- Ownership Structure: 100% indirect wholly owned subsidiary of SIS Limited through SIS Global Workforce Solutions Private Limited
- Business Activity: Personnel procurement services specifically providing global workforce solutions by sourcing, training, upskilling and deploying skilled, semi-skilled and technical manpower from India to overseas markets
Transaction Details
- Consideration: Nil
- Cost of Acquisition: Nil
- Related Party Transaction: No, this does not constitute a related party transaction
- Promoter/Promoter Group Interest: The promoter, promoter group and group companies do not have any separate interest in the entity
- Governmental/Regulatory Approvals: Not applicable
Operational Status
The entity is newly incorporated and has not commenced commercial operations. Accordingly, there is no historical turnover for the preceding three financial years, and other operating financial information is not applicable.
Financial Impact
No financial impact disclosed as the subsidiary is newly incorporated with no operations and the incorporation involved no acquisition cost.