Exhicon Declares the Purchase of Impulse B2B Solution at 100% for Rs. 8 Crore Tanwir Siddiqui, the firm’s founder, will act as CEO of the Data Business at EXHICON.
The acquisition’s consideration is priced at INR 8 crores, payable in cash through share swaps, under the necessary board, exchange, and other regulatory clearances.
Tanwir Siddique, Saurabh Kubitkar, and Ashish Dhawale founded the company in 2014; it gained global recognition in 2018 and reported net revenue of Rs. 8.11 crores in FY 2022–2023.