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Tech Mahindra’s Allyis India sets up Chessworks
PUNE: Tech Mahindra has quietly made a move into competitive sport, incorporating a new step-down subsidiary focused on chess, according to a disclosure filed with the BSE.
Allyis India, a wholly owned subsidiary of Tech Mahindra, has set up Chessworks Private Limited, a fully owned unit incorporated on December 14. The company received confirmation of incorporation from the ministry of corporate affairs on December 15.
Chessworks will organise and promote chess events and leagues in India and overseas, and develop related intellectual property, digital platforms and training programmes. The venture sits outside Tech Mahindra’s core IT services business, but the company framed it as a strategic extension into sports and intellectual property-led platforms.
The new entity has an authorised and paid-up share capital of Rs 1 lakh, fully subscribed in cash by Allyis India, giving it 100 per cent ownership and control. The company has yet to begin operations and has no turnover.
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Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
