Joyson Safety Systems

The Chennai bench of the National Company Law Tribunal cleared the merger of KSS Abhishek Safety Systems with Takata India, forming Joyson Anand Abhishek Safety Systems as part of a tri-party joint venture.

NTT DATA Services signed a multi-year agreement with Joyson Safety Systems to implement SAP S/4HANA hosted on Microsoft Azure, supporting JSS's digital transformation and integration of its global operations across 66 sites in 25 countries.

Joyson Safety Systems announced the formation of a tri-party joint venture merging KSS Abhishek Safety Systems and Takata India Pvt. Ltd. into Joyson ANAND Abhishek Safety Systems Private Ltd., with Joyson holding 65%, ANAND 30%, and Abhishek Industries 5%.

Anand Group announced the formation of a tri-party joint venture, Joyson Anand Abhishek Safety Systems, merging KSS Abhishek Safety Systems and Takata India. Anand Group will increase its stake to 30% in the combined entity.