Yash Birla Group acquires Melstar

New Delhi: The Yash Birla Group has announced the acquisition of Melstar Information Technologies. This initiative marks the group's foray into the IT sector.

Commenting on this acquisition, Yash Birla, Chairman, Yash Birla Group said, “The Melstar acquisition fits into the Group's ongoing thrust on growth and exploring new age sectors like education, healthcare and IT.” He further added, “We see a strategic fit between the Yash Birla Group and Melstar vis-a-vis the directions that the Group has set for itself.”

Subsequent to the acquisition, the board of directors of Melstar has been reconstituted with Yash Birla as Chairman, PVR Murthy and Anoj Menon as Directors and SM Arora as MD. Richard D'Souza has been appointed as the CEO.