Acquisitions27 Feb 2026, 08:42 pm
Elpro International Acquires Mynd Solutions for INR 11.37 Crores
AI Summary
Elpro International Ltd. has acquired 1,66,442 equity shares of Mynd Solutions Private Limited, a fintech and business services company operating an RBI-licensed Trade Receivables Discounting System (TReDS) platform. The cost of acquisition was INR 11.37 Crores. Mynd Solutions, incorporated in 2002, has a consolidated turnover of INR 104.70 Crores in FY 2024-25. The acquisition is a fresh one, with Elpro previously holding no equity shares in Mynd Solutions.
Key Highlights
- Elpro International acquires 1,66,442 equity shares of Mynd Solutions
- Cost of acquisition is INR 11.37 Crores
- Mynd Solutions is a fintech and business services company
- Mynd Solutions operates an RBI-licensed TReDS platform for invoice discounting and supply-chain finance
- Mynd Solutions has a consolidated turnover of INR 104.70 Crores in FY 2024-25