NSE Symbol: TECHM | BSE Code: 532755
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.
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.
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.
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.
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
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.
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.
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.