Joint Venture31 Aug 2026, 06:40 pm
Mehai Technology Incorporates JV Mehai Manjeera Enterprise
AI Summary
Mehai Technology Limited has incorporated a new Joint Venture Company, Mehai Manjeera Enterprise Private Limited, on August 28, 2026. The JV is formed with Manjeera Engineering and Construction Co. Private Limited, with Mehai Technology holding a 49% stake and Manjeera holding 51%. The JV aims to undertake mechanised cleaning, housekeeping, and allied services for various organizations, including government departments and public sector undertakings. This strategic move aligns with Mehai Technology's objectives to expand its service offerings in the cleaning and housekeeping sector.
Key Highlights
- Mehai Technology forms JV 'Mehai Manjeera Enterprise' with Manjeera Engineering.
- JV will focus on mechanised cleaning and housekeeping services.
- Mehai Technology holds 49% stake; Manjeera holds 51%.
- Incorporation aligns with company's strategic expansion objectives.
- Initial investment of ₹49,000 by Mehai Technology.
Price Impact
More from MEHAI