Tech Mahindra

Tech Mahindra Limited

Type	Public (BSE: 532755)
Industry	IT services
Founded	1986
Headquarters	Pune, India
Key people	Vineet Nayyar (CEO & MD)
Services	IT and outsourcing services
Revenue	1,360.00 crore (US$275.81 million) (Q2 2011)[1]
Net income	240.44 crore (US$48.76 million) (Q2 2011)
Employees	43,657 (Q2 2011)
Parent	Mahindra Group BT Group plc
Website	techmahindra.com

Tech Mahindra Limited (BSE: 532755) is a provider of information technology (IT), networking technology solutions and business process outsourcing (BPO) services to the global telecommunications industry.^[2] Headquartered at Pune, India. It is a joint venture between the Mahindra Group and BT Group plc, UK with M&M (Mahindra and Mahindra) holding 44% and BT holding 39% of the equity.

Tech Mahindra clocks revenues over USD 1 billion.^{[citation needed]} Its activities spread across a broad spectrum, including Business Support Systems (BSS), Operations Support Systems (OSS), Network Design & Engineering, Next Generation Networks, Mobility Solutions, Security consulting and Testing. The "solutions portfolio" includes Consulting, Application Development & Management, Network Services, Solution Integration, Product Engineering, Infrastructure Managed Services, Remote Infrastructure Management and BSG (comprises BPO, Services and Consulting). Tech Mahindra is the India's fifth largest software services firm behind Tata Consultancy Services,Infosys,Wipro and HCL Technologies.^[3]

Tech Mahindra has implemented more than 15 Greenfield Operations globally and has over 128 active customer engagements mostly in the Telecom sector. The company has been involved in about 8 transformation programs of incumbent telecom operators. With an array of service offerings for TSPs, TEMs and ISVs, Tech Mahindra serves:^{[citation needed]}

Tech Mahindra has operations in more than 30 countries with 17 sales offices and 13 delivery centers. Assessed at SEI CMMi Level 5, Tech Mahindra employs over 43,000 workers.

Its executive management team consists of Vineet Nayyar (Vice Chairman, MD and CEO), Sujit Baksi (President – Corporate Affairs & Business Services Group), Sonjoy Anand (Chief Financial Officer), L. Ravichandran (President - IT Services), Amitava Roy (Chief Operating Officer), Sujitha Karnad (Senior Vice President - HR & QMG for IT Services).

Milestones

• 1986 - Incorporation in India
• 1987 - Commencement of Business
• 1993 - Incorporation of MBT International Inc., the first overseas subsidiary
• 1994 - Awarded the ISO 9009 certification by BVQI^{[citation needed]}
• 1995 - Established the UK branch office
• 2001 - Incorporated MBT GmbH, Germany incorporated. Re-certified to ISO 9001:1994 by BVQI^{[citation needed]}
• 2002 - Assessed at Level 2 of SEI CMM by KPMG. Incorporated MBT Software Technologies Pte. Limited, Singapore
• 2005 - Acquired Axes Technologies (India) Private Limited,including its US and Singapore subsidiaries.Assessed at Level 3 of SEI CMMI by KPMG
• 2006 - Name changed to Tech Mahindra Limited. Assessed at Level 4 of SEI People-CMM (P-CMM) by QAI India. Raised Rs46.5 million ($1 million) from a hugely successful IPO to build a new facility in Pune, to house about 9,000 staff. Formed a JV with Motorola Inc. under the name CanvasM.
• 2007 - Acquired iPolicy Networks Private Limited. Launched the Tech M Foundation to address the needs of the underprivileged in our society.
• 2009 -Tech M wins bid for Satyam.Tech Mahindra has won the bid for Satyam Computer Services. Tech M bid for Satyam at Rs 58.90 per share, while Larsen & Toubro, the other player in the fray, bid at Rs 45.90
• 2010 -Tech Mahindra expands footprint in Latin America

Tech Mahindra Offices

Tech Mahindra has offices in more than 30 countries.^[4][5]

• India:Kolkata,Pune,Noida,Chennai,Bangalore,New Delhi,Mumbai
• U.S.A:California
• Taiwan:Taipei
• Singapore
• Thailand:Bangkok
• Egypt:Cairo
• U.A.E: Dubai
• Australia :Sydney
• New Zealand:Auckland

Acquisition of Satyam Computer Services Ltd.

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 59 a share for a 31 per cent stake in the company, beating a strong rival Larsen & Toubro.^[6] After evaluating the bids, the government-appointed board of Satyam Computer announced on 13 April 2009: "its Board of Directors has selected Venturbay Consultants Private Limited, a subsidiary controlled by Tech Mahindra Limited as the highest bidder to acquire a controlling stake in the Company, subject to the approval of the Hon'ble Company Law Board." Through a subsidiary, it has emerged victorious in Satyam sell-off, a company probably two times its size in number of people.

Tech Mahindra also ventured into exclusive partnerships with North American companies such as Software Development company RCE Technologies (Toronto, Ontario, Canada) and B2B Appointment Setting/B2B Lead Generation company Partner Source (Minneapolis, Minnesota, United States) to offer all of its outsourcing services.

Merger with Mahindra Satyam

Tech Mahindra will be merged with Mahindra Satyam in next half of 2012 to build a 2-billion $ IT Company in India.^[7]

Competitors

Its competitors are Tata Consultancy Services, Cognizant Technology Solutions, Aricent, Infosys, Wipro, Computer Sciences Corporation, HCL Technologies, Alcatel Lucent.

References

1. ^ http://profit.ndtv.com/news/show/tech-mahindra-q2-profits-drop-13-187955
2. ^ [http://www.moneycontrol.com/india/news/business/tech-mahindras-bid-price-for-satyam-was-expected-jr-varma/393142
3. ^ http://in.reuters.com/article/2011/11/16/techmahindra-results-idINL3E7MG05120111116?type=marketsNews
4. ^ http://www.moneycontrol.com/company-facts/techmahindra/locations/TM4
5. ^ http://www.glassdoor.com/Photos/Tech-Mahindra-Limited-Office-Photos-E135932.htm
6. ^ Tech Mahindra wins Satyam bid
7. ^ http://articles.economictimes.indiatimes.com/2011-11-10/news/30382215_1_mahindra-satyam-upaid-case-vineet-nayyar

External links

• Official website