Tech Mahindra is one of India’s leading information technology (IT) service companies. The company is known for providing IT services and digital transformation solutions to businesses across sectors. Tech Mahindra is headquartered in Pune, Maharashtra. The IT service firm is a part of the Indian conglomerate Mahindra Group which was founded in 1945 by two brothers, J.C. Mahindra and K.C. Mahindra along with Ghulam Mohammed. Tech Mahindra began in 1986 when British Telecom (BT) and Mahindra & Mahindra formed a Joint Venture (JV) called Mahindra British Telecom (MBT) which would later be known as Tech Mahindra. M&M had set up the JV in order to provide software development services to the customers of British Telecom. In 2005, Tech Mahindra opened its biggest development centre outside India in Melbourne, Australia. 2006 was the year when Mahindra British Telecom rebranded and changed its name to Tech Mahindra. In the same year, Tech Mahindra formed CanvasM, a JV with Motorola Inc. 2006 was also the year in which Tech Mahindra launched its Initial Public Offer (IPO). In 2007, Tech Mahindra launched the Tech Mahindra Foundation, its corporate social responsibility arm. 2009 was a significant year for Tech Mahindra as it acquired a controlling stake in the financially troubled IT service firm Satyam Computer Services Limited which rebranded to Mahindra Satyam. IT service firm Tech Mahindra acquired telecommunications firm Comviva Technologies Limited in 2012. 2013 was important for Tech Mahindra as it merged with Mahindra Satyam. In 2015, Tech Mahindra purchased SOFGEN Holdings Limited which is a Switzerland-based banking software solutions company. In 2015, M&M and Tech Mahindra jointly acquired design firm Pininfarina. In 2016, Tech Mahindra acquired The BIO Agency, a digital transformation agency based in the UK. In 2017, Tech Mahindra acquired US-based firm HCI Group, which works with major providers on end-to-end implementation of electronic health record systems. In 2019, Tech Mahindra purchased BORN Group which is a New York-based digital content and production agency. In the same year, Tech Mahindra acquired Zen3 Infosolutions, AI-first, data-driven, cloud-native organization. As of March 2022, Tech Mahindra has a workforce of over 157,000 employees and operates across 90 countries.
Products and services
IT service major Tech Mahindra helps clients in areas such as digital transformation, consulting, and business process services. Tech Mahindra helps organizations embrace digital technologies and transform their businesses. The company offers services such as digital strategy consulting, customer experience design, digital marketing and analytics. Tech Mahindra offers cloud services to help clients migrate to and manage cloud platforms. IT services offered by Tech Mahindra include application development and maintenance and infrastructure management, among others. Tech Mahindra also does enterprise content management, testing and quality assurance. Business process services offered by Tech Mahindra include finance and accounting, procurement, supply chain management and human resources outsourcing. The company also provides cyber security services and network services to clients.
Shares of IT service firm Tech Mahindra are listed on a number of Indian stock exchanges such as BSE, NSE and MCX Stock Exchange. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.
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