Ikya Human Capital Solutions Private Limited entered into a definitive agreement to acquire MFXchange Holdings, Inc. from Fairfax Financial Holdings Limited on November 3, 2014. The transaction shall result in formation of Global Technology Services Group (GTS). Vikram Gulati will become the President of GTS. As of March 6, 2015, Ikya Human Capital Solutions Private Limited acquired 49% stake in MFXchange Holdings, Inc. from Fairfax Financial Holdings Limited in November 2014.

MFXchange Holdings, Inc. completed the acquisition of MFXchange Holdings, Inc. from Fairfax Financial Holdings Limited on January 1, 2016. Ikya Human Capital Solutions Private Limited acquired the remaining 51% stake in MFXchange Holdings, Inc. from Fairfax Financial Holdings Limited on January 1, 2016.