Rose Merc Backs Zclus India With Strategic Tech Investment

Nikunj Parikh - Mumbai Bureau May 25, 2026 1,700 Views

Announcement (50 Words) Rose Merc will subscribe to 3,000 equity shares of Zclus India Limited at 60,000 rupees per share, investing a total of 18 crore rupees for a 23.08 percent fully diluted stake. The proposed acquisition, structured as a cash subscription, aims to bolster Rose Merc’s fintech and technology capabilities through a strategic IT services partnership.

Rose Merc Limited has signed a non-binding term sheet to invest 180 million rupees in Zclus India Limited, acquiring a significant minority stake in the fast-growing IT and digital transformation company. The proposed deal will support Rose Merc’s planned fintech ambitions while helping Zclus accelerate its technology-led growth in India and global markets.

Investment Structure And Valuation

Under the executed term sheet, Rose Merc plans to acquire 23.08 percent of Zclus’ post-issue share capital by subscribing to new shares rather than purchasing existing holdings. The cash consideration values Zclus at around 780 million rupees on a fully diluted basis, reflecting its track record in ERP, SAP and digital transformation services.

About Zclus And Strategic Rationale

Zclus India, incorporated in 2016, is a subsidiary of US-based Zest Consulting LLC and specialises in SAP, Workday, cloud, data and AI, automation and managed services. Its provisional FY 2025-26 turnover stands at about 2.52 billion rupees, with strong offshore delivery centres in Mumbai and Hyderabad serving primarily US clients. Rose Merc expects the investment to underpin its proposed fintech division and broader technology support initiatives, subject to shareholder and regulatory approvals.

Timeline And Conditions Precedent

The transaction will be completed after satisfactory due diligence and finalisation of definitive agreements between Rose Merc and Zclus. Completion remains contingent on customary conditions, including requisite corporate, regulatory and shareholder approvals, in line with market and SEBI disclosure norms.