Tech Mahindra

Tilak Ganapati Naik

st
1 year MCA student College of Computer and Information Science, Srinivas University,
Mangalore, INDIA

ABSTRACT
Limited is an Indian multinational provider of information technology (IT), networking
technology solutions and Business Process Outsourcing (BPO) to the telecommunications
industry. Anand Mahindra is the Chairman of Tech Mahindra, which is headquartered at Pune and
has its registered office in Mumbai.
Tech Mahindra Limited is engaged in the business of computer programming, consultancy and
related services. The Company's segments include Information Technology (IT) Services and
Business Processing Outsourcing (BPO). The Company operates in various sectors, including
telecom business and enterprise solutions business. The telecom business provides consulting-led
integrated portfolio services to customers, which are telecom equipment manufacturers, telecom
service providers and IT infrastructure services, and BPO, as well as enterprise services (banking,
financial services and insurance (BFSI), retail and logistics, and manufacturing, among others) of
IT and IT-enabled services delivered through a network of various locations around the world. The
enterprise solutions business provides IT services, including IT enabled services, application
development and maintenance, consulting and enterprise business solutions, extended engineering
solutions and infrastructure management services.
Part of the Mahindra Group, Tech Mahindra is a US$4.5 billion company with over 117,285
employees across 90 countries. It provides services to customers which include Fortune
500 companies. It is also one of the Fab 50 companies in Asia, a list compiled by Forbes. Tech
Mahindra was ranked #5 in India's software services (IT) firms and overall #111 in Fortune India
500 list for 2012. Tech Mahindra, on 25 June 2013, announced the completion of a merger
with Mahindra Satyam. Mahindra & Mahindra started a joint venture with British Telecom in
1986 as a technology outsourcing firm. British Telecom initially had around 30 percent stake in
the Tech Mahindra company. In December 2010, British Telecom sold 5.5 per cent of its stake in
Tech Mahindra to Mahindra & Mahindra for Rs 451 crore. In August 2012, British Telecom sold
14.1 per cent of its stake to institutional investors for about Rs 1,395 crore. In December 2012,
British Telecom sold its remaining 9.1 per cent (11.6 million shares) shareholding to institutional
investors for a total gross cash proceeds of Rs 1,011.4 crore. This sale marked the exit of British
Telecom from Tech Mahindra.
Keywords: Company analysis, Tech Mahindra case study, Company analysis as Software
methodology, Company analysis as case study.