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Tech Mahindra acquires Avant Techno Solutions
May-02-2026

Tech Mahindra has acquired Avant Techno Solutions (Alluri Technologies Inc), a Canada based firm specializing in payments modernization and wealth platforms. The acquisition is expected to further strengthen Tech Mahindra’s service capabilities and deepen its industry expertise within the BFSI (Banking, Financial Services, and Insurance) vertical.

The addition of Avant Techno Solutions will enhance Tech Mahindra’s offerings across key areas including Real Time Rail capabilities, ISO 20022 migration, wire modernization, core payments cloud transformation, wealth management platforms, identify and access management solutions across North Americas, while creating new opportunities in open banking, commercial lending, regulatory compliance, and fraud and financial crime. The strategic alignment also brings experienced sector talent and established client relationships, enabling faster and more scalable delivery across key markets.

As financial institutions navigate evolving consumer behaviour and rapid technological change, this acquisition positions Tech Mahindra to support organizations in simplifying legacy environments, improving speed to market, strengthening trust frameworks, and building more responsive and resilient operating models.

Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed.

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