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DCM’s arm gets nod to incorporate wholly-owned subsidiary in USA

07 Apr 2025 Evaluate

DCM’s material wholly-owned subsidiary -- DCM Infotech has received approval to incorporate its wholly-owned subsidiary (WOS) company in USA under the name of DCM Infotech Inc. or such other name as may be approved by the relevant authorities in USA, with the initial investment to the extent of $2,00,000 towards the equity capital in one or more tranches. 

The object of incorporation of WOS is to further expand and have a committed presence in the US Market of DCM Infotech. This is imperative for DCM Infotech to retain existing contracts as well as winning new business especially with larger organizations and Government entities. WOS would also help DCM Infotech in hiring & retaining local talent, and improve smoother client interaction.

The Board of Directors of DCM Infotech, in its meeting held on April 5, 2025, has approved the same.

DCM is mainly engaged in the businesses of Textile, Grey Iron Castings, IT Infrastructure Services and Real Estate.

DCM Share Price

71.00 -1.33 (-1.84%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 25.70
Filatex India 44.25
Nitin Spinners 413.45
Nahar Spinning Mills 250.40
Sanathan Textiles 419.00
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