Technopedia Center
PMB University Brochure
Faculty of Engineering and Computer Science
S1 Informatics S1 Information Systems S1 Information Technology S1 Computer Engineering S1 Electrical Engineering S1 Civil Engineering

faculty of Economics and Business
S1 Management S1 Accountancy

Faculty of Letters and Educational Sciences
S1 English literature S1 English language education S1 Mathematics education S1 Sports Education
teknopedia

Flag Counter
  2. World Encyclopedia
  3. Tech Mahindra - Wikipedia
Tech Mahindra - Wikipedia
From Wikipedia, the free encyclopedia

Tech Mahindra
FormerlyMahindra British Telecom (1986–2006)
Company typePublic
ISININE669C01036
IndustryInformation technology
Consulting
Outsourcing
Founded24 October 1986; 39 years ago (24 October 1986)
FounderAnand Mahindra
HeadquartersPune, Maharashtra, India
Area served
Worldwide
Key people
RevenueIncrease ₹53,847 crore (US$6.4 billion) (2025)
Increase ₹5,653 crore (US$670 million) (2025)
Increase ₹4,499 crore (US$530 million) (2025)
Total assetsIncrease ₹44,494 crore (US$5.3 billion) (2025)
Total equityIncrease ₹27,791 crore (US$3.3 billion) (2025)
Number of employees
148,731 (March 2025)[4]
ParentMahindra Group
Websitewww.techmahindra.com
Footnotes / references
Financials as of 31 March 2025.[5]

Tech Mahindra is an Indian multinational information technology services and consulting company. It was formed in 1986 as a joint venture between Mahindra & Mahindra and BT Group. Part of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai.[6]

History

In 1986, Mahindra & Mahindra started a 60:40 joint venture technology services outsourcing firm with British Telecom named Mahindra British Telecom (MBT). In 2000, British Telecom committed business of at least £105 million over three years; as a consideration, British Telecom's stake in MBT increased to 43%.[7] MBT primarily served the telecommunications industry in its early years, with British Telecom as its largest client.[8]

In 2006, MBT was renamed as Tech Mahindra,[9] and it became a publicly-listed company via an initial public offering.[10] In December 2010, British Telecom sold 5.5% of its stake in Tech Mahindra to Mahindra & Mahindra for ₹451 crore.[11] In August 2012, British Telecom sold 14.1% of its stake to institutional investors for about ₹1,395 crore. In December 2012, British Telecom sold its remaining 9.1% stake to institutional investors for ₹1,011.4 crore. This sale marked the exit of British Telecom from Tech Mahindra.[12]

Acquisition and merger of Satyam

In the aftermath of the Satyam scandal, Tech Mahindra emerged as the top bidder for a 31% controlling stake in Satyam Computer Services, beating a bid from Larsen & Toubro, in April 2009.[13][14] After the completion of the acquisition, Satyam Computer Services was renamed Mahindra Satyam in June 2009.[15] Tech Mahindra's stake in Satyam increased to 42% through a preferential share allotment in July 2009.[16]

A building in the Bangalore campus of Tech Mahindra c. 2017

In 2010, Mahindra Satyam and Morpho were awarded a contract by UIDAI to implement the biometric identification system for the Aadhaar programme.[17] Mahindra Satyam, along with Tech Mahindra, was the official IT services provider for the 2010 and 2014 FIFA World Cups.[18][19]

Tech Mahindra announced its merger with Mahindra Satyam on 21 March 2012, after getting approval of the two company boards.[20] The new organization would be led by Anand Mahindra as Chairman, Vineet Nayyar as Vice Chairman, and C. P. Gurnani as the CEO and Managing Director.[21][22] On 25 June 2013, Tech Mahindra completed the merger to become India's fifth largest software services company with a turnover of $2.7 billion.[23][24][25] The merger diversified Tech Mahindra's revenue mix, with the telecommunication vertical's share declining from over 90% in 2009[26] to 47% in 2013.[27][28]

Later years

In 2013, Mahindra Group company Mahindra Engineering Services (MES) merged with Tech Mahindra.[29]

In 2015, Tech Mahindra and Mahindra & Mahindra (M&M) jointly purchased a controlling stake in Pininfarina S.p.A., an Italian automotive and industrial design company.[30] By March 2016, Tech Mahindra's post-tax earnings had surpassed that of M&M.[31]

Tech Mahindra was ranked 5th among India's IT firms and overall 47th on Fortune India 500 list for 2019.[32]

Since 2023, Tech Mahindra and FIDE have organized the Global Chess League, an over-the-board rapid chess league.[33][34]

In 2025, Tech Mahindra was one of the eight entities selected by the IndiaAI Mission to develop a sovereign foundation LLM.[35]

Acquisitions

Notable acquisitions by Tech Mahindra include:

Year Company Country Industry Acquisition cost
2005 Axes Technologies[36] United States Telecom engineering $54 million
2007 iPolicy Networks[37] United States Network security Undisclosed
2009-13 Satyam Computer Services[38] India IT services $600 million
2012 Hutchinson Global Services[39] United States Business process outsourcing $87 million
2012 Comviva[40] India Telecom VAS $48 million
2014 Lightbridge Communications Corporation (LCC)[41] United States Telecom network services $240 million
2015 SOFGEN Holdings[42] Switzerland Banking technology consulting Undisclosed
2015 Pininfarina[43] Italy Automotive design engineering €168 million
2016 Target Group[44] United Kingdom Business process outsourcing £120 million
2016 The Bio Agency[45] United Kingdom Digital consulting £45 million
2017 HCI Group (CJS Solutions Group)[46] United States Healthcare technology $89.5 million
2019 Mad*Pow [47] United States Design strategy agency unknown
2019 BORN Group[48] United States Content agency $90 million
2020 Zen3 Infosolutions[49] United States Enterprise software $64 million
2020 Cerium Systems[50] India IC and embedded software $32.1 million
2020 Tenzing Group[51] New Zealand Management consulting $29.5 million
2021 Perigord[52] Ireland Digital services €21 million
2021 DigitalOnUs[53] United States Cloud and DevOps services $120 million
2021 Eventus Solutions Group[54] United States CX consulting $44 million
2021 Brainscale[55] United States Cloud consulting $28.8 million
2021 Lodestone (Infostar)[56] United States Product engineering $105 million
2021 Activus Connect[57] United States CX technology $62 million
2021 Allyis Group[58] United States IT consulting $125 million
2022 Com Tec Co (CTC)[59] Cyprus IT consulting €310 million
2022 Thirdware[60] India Enterprise software $42 million

Operations

For the year ended March 2025, the company derived 85.9% of its revenue from IT consulting, software application development and maintenance services, and the remaining 14.1% from business process services and outsourcing.[61]

Financials

Year Revenue (In crores) Profits/Loss (In crores) Ref.
2021 37,885 4,351 [62]
2022 Increase 44,646 Increase 5,627
2023 Increase 53,290 Decrease 4,886
2024 Decrease 51,995 Decrease 2,386
2025 Increase 52,988 Increase 4,244

See also

References

  1. ^ "Tech Mahindra appoints Mohit Joshi as MD & CEO designate". 11 March 2023.
  2. ^ "Experts call for building digital infra, upskilling to tap IT talent in small cities". 16 February 2025.
  3. ^ "This Indian IT company added highest number of employees in second quarter of FY2025 among the Top 5 IT companies in India". 23 October 2024.
  4. ^ Nagasundaram, Dhanya (24 April 2025). "Tech Mahindra Q4 Results: Cons PAT soars 76.5% YoY to ₹1,166.7 crore". Mint. Retrieved 24 April 2025.
  5. ^ "Consolidated Financial Results for the quarter and audited results for the year ended March 31, 2025" (PDF). Tech Mahindra. Retrieved 24 April 2025.
  6. ^ "Tech Mahindra". techmahindra.com. TechMahindra. Retrieved 1 January 2018.
  7. ^ "British Telecom commits Rs 7250/- million business to MBT over three years". Rediff. Retrieved 9 September 2024.
  8. ^ "Tech Mahindra bags $700 mn deal from British Telecom". The Economic Times. 16 May 2008. Retrieved 9 September 2024.
  9. ^ "MBT to be renamed Tech Mahindra". Business Standard. 14 February 2006. Retrieved 5 September 2024.
  10. ^ "Tech Mahindra sets IPO price band at Rs 315-Rs 365". The Economic Times. 27 July 2006. Retrieved 5 September 2024.
  11. ^ "BT Group to exit from Tech Mahindra, directors resign". Economic Times. 24 December 2011. Archived from the original on 5 July 2015. Retrieved 4 July 2015.
  12. ^ "BT exits Tech Mahindra". The Hindu. 12 December 2012. Retrieved 4 July 2015.
  13. ^ "Tech Mahindra wins Satyam Computer bid". IBNLive. Archived from the original on 16 April 2009.
  14. ^ "Tech Mahindra wins Satyam bid". India Today. 12 April 2009.
  15. ^ "Satyam renamed as Mahindra Satyam". Business Standard. 22 June 2009. Retrieved 5 September 2024.
  16. ^ "Tech M now has 42% stake in Satyam". Business Standard. 2 July 2009. Retrieved 19 July 2025.
  17. ^ "Mahindra Satyam, Morpho selected as key partners for UIDAI". The Economic Times. 30 July 2010. Retrieved 19 July 2025.
  18. ^ Shuey, Scott (12 June 2010). "Mahindra Satyam gets major brand boost through World Cup". Gulf News. Retrieved 19 July 2025.
  19. ^ "TechM kicked about World Cup ties". BusinessLine. 16 June 2014. Retrieved 19 July 2025.
  20. ^ "Tech Mahindra, Satyam get nod to merge". 21 March 2012. Archived from the original on 22 March 2012.
  21. ^ "M-Satyam, Tech Mahindra hope to merge in four weeks". 11 June 2013.
  22. ^ "MSat-Tech Mahindra merger gets court nod". The Hindu. Chennai, India. 11 June 2013.
  23. ^ "Mahindra Satyam merges with Tech Mahindra; becomes 5th biggest IT firm". Archived from the original on 19 June 2015. Retrieved 2013-06-25.
  24. ^ "Tech Mahindra, Satyam Computer complete merger". 25 June 2013.
  25. ^ "1:8.5 swap for Tech Mahindra, Mahindra Satyam merger". The Hindu. Chennai, India. 25 June 2013.
  26. ^ Mishra, Santanu (28 April 2009). "Headwinds in telecom impact Tech Mahindra's Q4". The Economic Times. Retrieved 19 July 2025.
  27. ^ Talgeri, Kunal N. (5 December 2012). "Inside the merger!". Fortune India. Retrieved 19 July 2025.
  28. ^ "Annual Report 2013-14" (PDF). Tech Mahindra. 27 June 2014. Retrieved 19 July 2025.
  29. ^ Khan, Zahra (29 November 2013). "Mahindra Engineering to merge with Tech Mahindra". Mint. Retrieved 19 July 2025.
  30. ^ "Tech Mahindra set to acquire Italian car design company Pininfarina". timesofindia-economictimes. Archived from the original on 23 December 2015. Retrieved 22 December 2015.
  31. ^ "TECHM Shareholding Pattern - Tech Mahindra Ltd Stock". fintel.io. Retrieved 28 June 2020.
  32. ^ "Tech Mahindra - Fortune 500 List 2019". Fortune. Archived from the original on 2 March 2022. Retrieved 2 August 2020.
  33. ^ "FIDE and Tech Mahindra Announce Dates for First & Biggest Global Chess League". www.fide.com. Retrieved 6 August 2023.
  34. ^ "Tech Mahindra, FIDE join hands for franchisee-based chess competition". Business Standard.
  35. ^ Ghosh, Debangana. "Tech Mahindra developing 1-trillion-parameter sovereign LLM under IndiaAI Mission". Moneycontrol. Retrieved 30 December 2025.
  36. ^ "Mahindra British buys Axes Tech for $54m". The Economic Times. 17 November 2005. Retrieved 9 September 2024.
  37. ^ "Tech Mahindra buys US co iPolicy Inc". Rediff. Retrieved 9 September 2024.
  38. ^ "Tech Mahindra completes Satyam merger". VCCircle. Retrieved 9 September 2024.
  39. ^ Shivapriya, N. (4 September 2012). "Tech Mahindra announces acquisition Hutchison Global Services for $ 87 million". The Economic Times. Retrieved 5 September 2024.
  40. ^ "Tech Mahindra buys 51% of Bharti Group's mobile VAS firm Comviva for $48M". VCCircle. Retrieved 5 September 2024.
  41. ^ "Tech Mahindra acquires 100% stake in Lightbridge Communications". Mint. Retrieved 5 September 2024.
  42. ^ "Tech Mahindra to acquire Swiss firm SOFGEN Holdings". timesofindia-economictimes. Archived from the original on 14 January 2015. Retrieved 15 January 2015.
  43. ^ Merchant, Akbar (14 December 2015). "Mahindra acquires Pininfarina design house". Autocar India. Retrieved 5 September 2024.
  44. ^ "Tech Mahindra to acquire UK's Target Group for up to $175 mn". VCCircle. Retrieved 5 September 2024.
  45. ^ "Tech Mahindra acquires UK's The BIO Agency". BusinessLine. 22 June 2016. Retrieved 11 April 2025.
  46. ^ Usmani, Azman (6 March 2017). "Tech Mahindra To Acquire U.S.-Based Healthcare IT Consulting Firm, HCI Group". NDTV Profit. Retrieved 5 September 2024.
  47. ^ "Tech Mahindra Acquires Leading Strategic Design Consultancy, Mad*Pow". Tech Mahindra. 30 July 2019. Retrieved 4 November 2025.
  48. ^ Sriram, M. (5 November 2019). "Tech Mahindra acquires New York-based BORN Group for $95 million". Mint. Retrieved 26 November 2019.
  49. ^ "Tech Mahindra to acquire Zen3 Infosolutions for Rs 460 crore in all-cash deal". Business Today. 24 February 2020. Retrieved 5 September 2024.
  50. ^ Kapur, Narinder (13 April 2020). "Tech Mahindra tweaks terms to acquire Cerium Systems, Zen3 Infosolutions". VCCircle. Retrieved 19 July 2025.
  51. ^ Baruah, Ayushman (27 October 2020). "Tech Mahindra acquires Momenton and Tenzing to boost financial services biz". Mint. Retrieved 11 April 2025.
  52. ^ "Tech Mahindra acquires 70% stake in Dublin-based Perigord for $25.06 million". Financial Express. 16 March 2021. Retrieved 11 April 2025.
  53. ^ "Tech Mahindra acquires DigitalOnUS for $120 million". BusinessLine. 20 April 2021. Retrieved 5 September 2024.
  54. ^ "Tech Mahindra to acquire Eventus Solutions Group for up to $44 million". The Economic Times. 26 April 2021. Retrieved 5 September 2024.
  55. ^ "Tech Mahindra acquires US cloud consulting firm Brainscale". Business Standard. Retrieved 5 September 2024.
  56. ^ "Tech Mahindra acquires Lodestone, WMW". The Economic Times. 25 October 2021. Retrieved 5 September 2024.
  57. ^ "Tech Mahindra buys Activus". Mint. Retrieved 5 September 2024.
  58. ^ "Tech Mahindra to acquire 100% stake in US-based Allyis Group". Mint. Retrieved 5 September 2024.
  59. ^ "Tech Mahindra Acquires Com Tec Co IT Ltd and invests in two InsurTech platforms". The Economic Times. 17 January 2022. Retrieved 5 September 2024.
  60. ^ "Tech Mahindra to completely acquire Thirdware for Rs 320 cr". Business Standard. Retrieved 5 September 2024.
  61. ^ "Integrated Annual Report 2024-25" (PDF). Tech Mahindra. p. 315. Retrieved 16 October 2025.
  62. ^ "Tech Mahindra Stock Shares Price". Archived from the original on 20 September 2025. Retrieved 31 October 2025.
Sunting pranala
url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url url
Pusat Layanan

UNIVERSITAS TEKNOKRAT INDONESIA | ASEAN's Best Private University
Jl. ZA. Pagar Alam No.9 -11, Labuhan Ratu, Kec. Kedaton, Kota Bandar Lampung, Lampung 35132
Phone: (0721) 702022
Email: pmb@teknokrat.ac.id