Information About Tech Mahindra Stock Price:

Tech Mahindra is an entity of the Mahindra Group that has more than 200,000 employees in over hundred countries around the world. Tech Mahindra creates technology that connects the world and offers customer-specific IT experiences. The company is worth USD4.7 billion and helps more than 900 global customers including the Fortune 500 companies. Tech Mahindra is ruling among the Fab 50 companies in Asia.

History of Tech Mahindra:

Established in the year 1986 as a merger between British Telecom and Mahindra & Mahindra, it emerged to be one of the best technology outsourcing firm. In the beginning, British Telecom had a stake worth 30% in the venture. In the year 2010, British Telecom sold 5.5% of its stake to Mahindra & Mahindra, and the deal was sealed at Rs.451 crore. In the year 2012, British Telecom sold around 14.1% of their stake to various investors for about Rs.1,395 crore. The remaining 9.1% stake was sold by the telecom giant which amounted to 11.6 million shares to other investors earning a total gross cash amount of Rs.1,011.4 crore. With this sale, British Telecom exited from Tech Mahindra.

In the year 1995, Tech Mahindra incorporated its office in the UK and in 2001, they expanded business operations in Germany. Till that time, Mahindra and British Telecom were mostly into telecom software. After the acquisition of Axes Technologies, the venture took-off. In 2009, Tech Mahindra acquired Satyam Computers and became a significant player in the IT industry of India.

Management:

Anand G Mahindra- Chairman

Mr. Mahindra's tenure as the Chairman has witnessed the group touch new heights internationally as well as domestically across vital sectors such as automobiles, aerospace, IT and agriculture. The group has also spread through acquisitions of Satyam Computer Services, Reva Electric Car, Ssangyong Motors, Peugeot Motorcycles, Holiday Club Resorts, and Pininfarina SPA. Mr. Mahindra has served many essential entities, nationally and internationally. He has been listed in the Fortune Magazine's list of 50 Greatest Leaders of the world in 2014 and Barron's List of Top 30 CEOs worldwide (2016). He has also been the recipient of "Asian Centre for Corporate Governance and Sustainability Best Transformational Leader Award" in the year 2012. A forceful advocate of culture and arts, Mr. Mahindra, was appointed as the 'Knight in the National Order of the Legion of Honour' by the President of the French Republic in 2016.

CP Gurnani-MD and CEO

Mr. Gurnani possesses extensive experience in acquisitions, start-ups, mergers, turnarounds, and business development. He led the group's remarkable journey that resulted in one of the most significant turnarounds in the history of corporations in India-the merger and acquisition of Satyam. In a career that spans more than 35 glorious years, he has held several positions of leadership. He was awarded the 'Entrepreneur of the Year (Manager)' by Ernst and Young, 'India Business Leader of the Year' by CNBC Asia, 'IT Person of the Year' by Dataquest in 2013 and 'CEO of the Year' by Business Standard in 2014. He is a strong advocate of child education and has founded an NGO that works towards promoting education for more than 140 underprivileged children in India.

Tech Mahindra Limited in NSE, BSE, and Indices

Stocks of Tech Mahindra Limited can be bought and sold on any of the two stock exchanges, namely, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). It is a part of the benchmark market indices in India- S&P BSE and NIFTY. In addition to this, Tech Mahindra is also a part of BSE-100, BSE-200, and S&P CNX 500.

Office Address:

Tech Mahindra Limited, Plot No.45-47, KIADB Industrial Area, Phase II, Electronic City, Bengaluru-560100

Tech Mahindra Limited, Unit II, Wing B Level 1, Creator Building, International Tech Park, Sadarmangala/Pattandur Agrahara, Whitefield, Bengaluru-560066

Tech Mahindra Limited, RMZ Ecoworld Infrastructure Private Limited, Tower 4A and 4B, Fourth Floor, Marathahalli Outer Ring Road Bengaluru-560103

Company's Wealth and Recent Performance:

The company's revenue went up during this quarter by 2.9% as a leading European company in the manufacturing sector chose Tech Mahindra to be their partner in the digital transformation to manage their end-to-end IT solutions and services.

A significant health care giant in the US chose the company to reinvent customer experience and improve productivity by offering complete end-user field support and service desk.

Tech Mahindra was chosen by a leading European online digital telco to transform its application portfolio. The company will help them with flexibility and security using its cloud-based options.

A leading information and communication technology from Japan has selected Tech Mahindra to handle its sales force implementation service.

Tech Mahindra joined hands with Toshiba Digital Solutions to aim at the smart factory market. These two entities are going to come together to channel their manufacturing heritage, expertise in domains, and their customer base to develop the market for smart factory jointly.

The company acquired a stake worth 9.93% from Westbridge Ventures, in Comviva Technologies Limited, and 22.14% from the Bharti Group.

Tech Mahindra joined hands with Gao Feng Advisory Company to launch the Artificial Intelligence (AI) Lab in Shanghai. This lab will operate in the spheres of futuristic digital technologies that includes areas like Smart Process Automation, Image Recognition & Processing, AI Chatbot Services, and Machine Learning and Predictive Analytics.

The company received the FICCI CSR Award for skill development, education, and livelihood for SMART (Skills-for-market Training program). It also bagged the Sarojini Trilok Nath NAB Award for the Best CSR work in disability.

Tech Mahindra Limited Stock trends in 2017 and 2018:

The opening price of the shares of Tech Mahindra was at Rs.501.10 in January while the closing rate was Rs.602.95.

In February 2017, the share price of Tech Mahindra opened at Rs.612.55 while by the end of the month, the price went up slightly and closed at Rs. 612.65.

Why Investing in Tech-Mahindra May Be a Good Idea?

With acquisitions like that of the UK-based company, Bio Agency and the US-based entity, CJS Solutions, Tech Mahindra has proven to be a company with significant business goals in place.

Tech Mahindra is venturing into new avenues like artificial intelligence (AI). Hence, it proves that the company is open to trying out new ventures.

It has been chosen by significant pharma giants and information and communication technology firms to handle their sales force implementation service.

Indexes and Exchages

Bombay Stock Exchange (BSE)

The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman, Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSE’s office is very appropriately named ‘Dalal Street’ which translated to Broker Street in Hindi. BSE operated as a floor trading exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.

National Stock Exchange (NSE)

With an aim to induce transparency to the Indian capital market, the Indian Government implored a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along with the Government's support, established the first demutualized electronic exchange of India in 1992, known as the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which offered a great platform to connect the investor base of the entire country and offer them an easy trading facility. NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is National Stock Exchange of India's benchmark broad-based stock market index for the country's equity market. It lists 50 selected Indian companies across 12 sectors that own the largest and most liquid Indian securities. Hence, it is popularly called NIFTY 50. The Nifty index represents the weighted average of the stock value of those 50 companies. The India Index Services and Products or IISL, a company which is focused on an index as a core product, owns and manages the Nifty. Through one efficient portfolio, the Nifty exposes investment managers to the current status of the Indian market and helps in determining promising investment opportunities.

SENSEX Index

Similar to NSE's Nifty 50, BSE also has a stock market index known as Sensex. The word comes from the words 'Sensitive' and 'Index,' and is basically a portmanteau of the two. BSE 30 and S&P BSE SENSEX are two other names of this index. Sensex constitutes the top 30 financially flourishing and well-established companies from the ones listed on BSE. These companies typically represent diverse industrial sectors of the country's economy to ensure a holistic calculation. Usually, these are the companies that have the largest and most actively traded stocks. SENSEX is broadly reported through both print and electronic media in national as well as international markets. The scientifically designed indexing system is based on globally accepted construction and review methodologies. It is being calculated on the basis of a free-float market capitalization methodology since September 2003.