The IT arm of Mahindra Group, which is on an acquisition spree, had last month bought UKbased financial services firm Target Group in a deal valued at more than £112 million. In December, it had bought fabled Italian car design firm Pininfarina.
BIO had a revenue of £12.5 million in FY16, up from £7.3 million in FY15.
The UK company names Lloyds Banking Group, Western Union, Coca Cola, Selfridges, Easyjet, BBC and Microsoft among its major clients.
-Source "Times Now"
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