Mangalam Global Enterprise has received approval for incorporation of a Wholly Owned Subsidiary (WOS) with the proposed name as MGEL Multicomm or such other suitable name may be available after complying with applicable procedures and formalities with the Ministry of Corporate Affairs (MCA), Government of India.
The incorporation of proposed WOS will enable the company to pursue some of its business in more focused manner. The Board of Directors of the company at its Meeting held on December 16, 2024, has approved the same.
Mangalam Global Enterprise was set up by Ahmedabad based Mangalam group.