That's right. They started out with 7 Armd Bde, which left all but one of its Stuarts in Burma before being withdrawn and reformed in North Africa.
50 Indian Tk Bde sent a half-squadron of Valentines to the Arakan late in 1942 and promptly lost them. They went back to the Arakan again with XV Corps in 1943, this time with Lees and Stuarts in regimental strength and did somewhat better that time, thanks largely to Slim-era retraining and Slim's tactical doctrine. 50 Tk Bde eventually built up to several regiments of Lee/Grant, one of Stuart and eventually a regiment of Sherman, even conducting amphibious ops down the Arakan coast.
254 Indian Tk Bde was with IV Corps at Imphal, with three regts of Lee/Grant and one of Stuart. These were heavily engaged during the Battle of Imphal and then accompanied XXXIII Corps into Burma and the Battle of Mandalay.
255 Indian Tk Bde was initially in reserve with XXXIII Corps and was equipped with three regts of Sherman V and one of Stuart, but was then swapped with 254 Bde during the advance into Burma and supported IV Corps during the Irrawaddy Crossing, the Battle of Meiktila and the subsequent advance to Rangoon.
A small number of Indian Armoured Divisions were formed, but none got closer to the front line than conducting garrison duty in Egypt/Palestine before being broken up as independent brigades or being reformed as other types of formation (including an Airborne Division).