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The combined entity has 83,000 employees, servicing 540 customers across 49 countries. It has 15 overseas offices for BPO (business process outsourcing) operations and software development. Its revenue for 2012-13 was put at $2.7 billion (Rs. 162 billion).
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Tech Mahindra Company Profile:
Tech Mahindra Limited is an Indian multinational provider of information technology (IT), networking technology solutions and business support services (BPO) to the telecommunications industry. Tech Mahindra is a part of the Mahindra Group conglomerate. Anand Mahindra is the founder of Tech Mahindra. It is headquartered at Mumbai, India. Tech Mahindra was ranked #5 in India's software services firms and overall #111 in Fortune India 500 list for 2012.The combined entity has 83,000 employees, servicing 540 customers across 49 countries. It has 15 overseas offices for BPO (business process outsourcing) operations and software development. Its revenue for 2012-13 was put at $2.7 billion (Rs. 162 billion).
Major Acquisition & Merger:
After the Satyam scandal of 2008-09 Tech Mahindra bid for Satyam Computer Services, and emerged as a top bidder with an offer of Rs 58.90 a share for a 31 per cent stake in the company, beating a strong rival Larsen & Toubro. Tech Mahindra announced its merger with Mahindra Satyam on March 21, 2012,after the board of two companies gave the approval,to build a 2.5-billion $ IT Company in India.Company Name | Tech Mahindra |
Founder(s) or Key People | Anand Mahindra (Chairman & Founder), Vineet Nayyar (VC), CP Gurnani (CEO & MD) |
Founded On | 1986 |
Headquarters | Mumbai, India |
Industry | IT services, IT consulting |
Total Employees | 89,500 (2014) |
Total Revenue | $3.1 billion (2013) |
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