StockWatch
·
Subsidiary18 Jun 2026, 03:06 pm

OnEMI Technology Solutions Incorporates Wholly Owned Subsidiary

AI Summary

OnEMI Technology Solutions Ltd has officially incorporated its wholly owned subsidiary, "Invincible Minds Private Limited," on June 17, 2026. This move is part of the company's strategic initiative to expand its presence in the financial services sector through various non-lending business activities. OnEMI Technology Solutions will subscribe to the entire initial paid-up share capital of the subsidiary, amounting to INR 9 Crores for 90,00,000 equity shares, thus holding 100% ownership. The incorporation was approved by the Ministry of Corporate Affairs.

Key Highlights

  • OnEMI Technology Solutions Ltd has incorporated a wholly owned subsidiary named Invincible Minds Private Limited.
  • The subsidiary will operate in the Financial Services sector.
  • OnEMI Technology Solutions will invest INR 9 Crores for 100% shareholding.
  • This expansion aligns with the company's strategic initiatives in financial services.