Short Bio
An international provider of consulting and IT services, Tech Mahindra is an Indian firm. The business is based in Pune and has its registered office in Mumbai. It is a member of the Mahindra Group. Over 158,000 people work at Tech Mahindra, a US$6.0 billion enterprise with offices in 90 different countries. On the 2019 Fortune India 500 list, the company came in at position #47 overall and at position #5 among Indian IT enterprises.
Tech Mahindra announced the conclusion of a merger with Mahindra Satyam on June 25, 2013. One of the leading Big Tech (India) firms is Tech Mahindra. As of June 2022, Tech Mahindra had 1,262 active clients.
Overview
Company Name: | Tech Mahindra Limited |
Also Know as: | TechM |
Type: | Public |
Industry: | Information Technology Services |
Founded: | 1986 |
Founders: | Anand Mahindra |
Headquarters: | Pune, Maharashtra, India |
Area Served: | Global |
Revenue: | INR 38,955 crore (2020-21) |
Net Income: | INR 4,437 crore (2020-21) |
Number of Employees | Over 125,000 (2020-21) |
Website: | https://www.techmahindra.com/ |
History
In 1986, Mahindra & Mahindra and British Telecom established a joint venture to provide technology outsourcing services. At first, British Telecom owned about 30% of Tech Mahindra. British Telecom sold Mahindra & Mahindra 5.5 percent of Tech Mahindra for Rs. 451 crore in December 2010. British Telecom sold 14.1% of its interest to institutional investors in August 2012 for about Rs. 1,395 crore. British Telecom sold the remaining 9.1% (11.6 million shares) of the company’s stock to institutional buyers in December 2012 for a total gross cash proceeds of Rs. 1,011.4 crores. British Telecom left Tech Mahindra after the completion of this sale.
Services
A wide variety of IT services and solutions are provided to customers globally by Tech Mahindra. The company has specialties in business process outsourcing, infrastructure management, cybersecurity, enterprise solutions, consulting, application development and maintenance, and digital transformation. The services offered by Tech Mahindra are suitable for many different industries, including telecommunications, banking and financial services, healthcare, manufacturing, and retail.
Founder
Anand Mahindra, Ashok Babu, Arjun Ramnath, and British Telecom were among the visionaries who formed Tech Mahindra. The success of Tech Mahindra in the IT sector was built on the combination of their individual expertise and strategic alliances. The founders’ dedication to innovation, customer-centricity, and teamwork helped to create Tech Mahindra’s culture and fuel its expansion.