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About Tech Mahindra

History

Tech Mahindra, an Indian multinational information technology services and consulting company, is an integral part of the Mahindra Group. The company's headquarters are situated in Pune, with its registered office in Mumbai. As of 2022, Tech Mahindra employs over 148,000 professionals across 90 countries. In 2019, it secured the 5th position among India's IT firms and ranked 47th on the Fortune India 500 list. The company's journey began in 1986 when Mahindra & Mahindra established a joint venture with British Telecom (BT) to create a technology outsourcing firm. BT initially held a 30% stake in Tech Mahindra, previously known as Mahindra-British Telecom Limited. However, this partnership evolved over the years. In December 2010, BT sold 5.5 % of its stake to Mahindra & Mahindra for ₹451 crore. Subsequently, in August 2012, BT divested 14.1% of its stake to institutional investors for approximately ₹1,395 crore. By December 2012, BT had sold its remaining 9.1% (11.6 million shares) shareholding to institutional investors, resulting in total gross cash proceeds of ₹1,011.4 crore. This marked BT's exit from Tech Mahindra. Tech Mahindra's transformative moment arrived in the wake of the Satyam scandal in 2008–09. The company made a strategic bid for Satyam Computer Services, emerging as the top bidder with an offer of ₹58.90 per share for a 31 % stake in the company. This victory came after fierce competition with a formidable rival, Larsen & Toubro. On March 21, 2012, Tech Mahindra officially announced its merger with Mahindra Satyam following the approval of both companies' boards. This merger created an IT conglomerate worth $2.5 billion. As of June 2022, Tech Mahindra boasts 1,262 active clients, solidifying its position as a prominent player in the global IT services industry.

Business Segments

Tech Mahindra provides a diverse array of services to its clients, catering to various aspects of their business needs:

Network Services: Tech Mahindra stands as the world's largest independent network services provider, boasting a track record of excellence. Their services encompass 4G/5G RAN services, virtual and open RAN, network asset management, and continuous automation and orchestration.
Professional Services: In the realms of audit, accounting, and tax, as well as consulting and advisory, human capital and recruitment, legal matters, and risk and compliance, Tech Mahindra offers professional services tailored to meet industry-specific requirements.
Infrastructure and Cloud Services: Tech Mahindra aids enterprises in their digital transformation endeavours with a comprehensive suite of offerings spanning the entire IT infrastructure landscape. Their services extend to digital workplace solutions, network transformation, data centre modernisation, and advanced security outsourcing.
Digital Transformation: Tech Mahindra is deeply committed to harnessing next-generation technologies like 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, and Artificial Intelligence. Their mission is to enrich the "Human Centric Experience" within their ecosystem and drive collaborative innovation by leveraging a strong portfolio of affiliated companies.

In December 2021, Tech Mahindra acquired a 100% stake in Activus Connect, a prominent provider of work-at-home customer experience management solutions.

Key Personnel

CP Gurnani, MD & CEO CP Gurnani holds key roles at Tech Mahindra and Mahindra Holidays & Resorts India Limited (MHRIL). With over 40 years of experience in leading corporations like Hewlett Packard, Perot Systems, and HCL Corporation, he possesses a profound understanding of global markets and strategic thinking. He played a pivotal role in directing one of the most significant turnarounds in the company’s history—the acquisition and merger of Satyam.

Corporate Actions

Bonus

On March 19, 2015, Tech Mahindra Limited executed a 1:1 bonus issue and reduced the face value of its shares from ₹10 to ₹5, effective from March 20, 2015.

Face Value Split cum Bonus

On March 19, 2015, Tech Mahindra Limited announced a 1:1 bonus issue along with a face value split, reducing the face value of each share from ₹10 to ₹5.

Management Outlook

Tech Mahindra is committed to a culture that promotes positive change, celebrates moments, and empowers everyone to excel. They embrace responsibility at a personal level and prioritise sustainability in their operations.
Tech Mahindra Foundation, the corporate social responsibility arm of Tech Mahindra Limited, is dedicated to education and employability initiatives in eleven Indian cities.
In the business consulting segment, Tech Mahindra's Business Excellence team guides clients in achieving their digital-era business objectives. Their services encompass change adoption in the digital world, project management in times of disruption, and innovative IT service management for a leading Canadian media conglomerate.
Within Human Capital Management, Tech Mahindra offers integrated solutions for talent acquisition, development, and retention. They leverage robust workforce analytics and planning to enhance employee engagement and performance. Tech Mahindra provides end-to-end HR services, including consulting, transition, transformation, implementation, roll-out, upgrade, cloud adoption, and production support—all aimed at delivering tangible and measurable results.