Equippp Social Impact Technologies Limited has informed the Exchange about the Intimation of incorporation of a Subsidiary Company.
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Equippp Social Impact Technologies has informed the exchanges about the incorporation of a new wholly-owned subsidiary called EQUIPPP Technogen (SBU) Private Limited on June 18, 2025, with an authorized capital of ₹10 lakh divided into 1 lakh equity shares of ₹10 each. The subsidiary is being set up as a dedicated Strategic Business Unit (SBU) focused on IT services for Global Capability Centres (GCCs) in India. This follows the company's earlier move in November 2024 to invest ₹1.25 crore in Technogen India Private Limited for a 51% equity stake, which was completed in March 2025. Technogen India brings expertise in GCC staffing and resource placement, having served clients like MassMutual, JPMC, and Verizon. The new subsidiary has not yet commenced operations and is intended to eventually be hived off as a separate focused entity.
This is a strategic step towards formalizing an in-house IT services vertical targeting the fast-growing GCC market in India. While the long-term opportunity looks promising given marquee clients and industry tailwinds, the subsidiary is newly incorporated with no current revenue, so material financial impact is unlikely in the near term. Shareholders should watch for further updates on when the SBU begins operations and any future hiving-off or listing plans.