JSA acted for Thirdware Solutions Limited and its shareholders for the sale of 100% of equity of Thirdware to Tech Mahindra Limited. Thirdware is headquartered in Mumbai with more than 850 employees. For the financial year ending 31st March, 2021, Thirdware had a revenue of INR 2,106.2 million. Thirdware delivers industry-specific technological expertise through a range of services spanning business applications consulting, design, implementation and support.
The acquisition will bolster Tech Mahindra’s digital solutions and services in automotive consulting, design, development, and implementation in areas like ERP, Enterprise Performance Management, Robotic Process Automation and Industrial Internet of Things.
Tech Mahindra Limited was advised by Agram Legal.
Deal Value: USD 82.3 million
JSA team comprised Lead Partner – Anand Lakra, Senior Associate – Ami Shah,and Associate – Jinay Shah
Anand Lakra is an equity Partner at JSA’s Mumbai office, with a leading practice in private and public mergers and acquisitions, private equity, venture capital, and capital markets, with particular focus on securities law matters.