Tech Mahindra Share Price

The company witnessed a 23.80% growth in the revenue at Rs. 104798.00 millions for the quarter ended September 2022 as compared to Rs. 84649.00 millions during the year-ago period.The Net proft of the company remain more or less same to Rs. 11619.00  millions from Rs. 15595.00 millions ,decline by -25.50%.Operating profit for the quarter ended September 2022 decreased to 17200.00 millions as compared to 21764.00 millions of corresponding quarter ended September 2021.

A fair growth of 23.80% in the revenue at Rs. 104798.00 millions was reported in the September 2022 quarter as compared to Rs. 84649.00 millions during year-ago period.The Net Profit of the company registered a slight decline of -25.50% to Rs. 11619.00  millions from Rs. 15595.00 millions.Operating profit for the quarter ended September 2022 decreased to 17200.00 millions as compared to 21764.00 millions of corresponding quarter ended September 2021.

A fair growth of 23.80% in the revenue at Rs. 104798.00 millions was reported in the September 2022 quarter as compared to Rs. 84649.00 millions during year-ago period.The Net Profit of the company registered a slight decline of -25.50% to Rs. 11619.00  millions from Rs. 15595.00 millions.Operating profit for the quarter ended September 2022 decreased to 17200.00 millions as compared to 21764.00 millions of corresponding quarter ended September 2021.

The revenue for the December 2022 quarter is pegged at Rs. 109876.00 millions, about 18.41% up against Rs. 92793.00 millions recorded during the year-ago period.The Net proft of the company remain more or less same to Rs. 12044.00  millions from Rs. 13750.00 millions ,decline by -12.41%.The Operating Profit of the company witnessed a decrease to 17635.00 millions from 20119.00 millions.

The revenue for the December 2022 quarter is pegged at Rs. 109876.00 millions, about 18.41% up against Rs. 92793.00 millions recorded during the year-ago period.A slender decline of -12.41% was recorded to Rs. 12044.00  millions from Rs. 13750.00 millions in the corresponding previous quarter.The Operating Profit of the company witnessed a decrease to 17635.00 millions from 20119.00 millions.

The revenue for the December 2022 quarter is pegged at Rs. 109876.00 millions, about 18.41% up against Rs. 92793.00 millions recorded during the year-ago period.A slender decline of -12.41% was recorded to Rs. 12044.00  millions from Rs. 13750.00 millions in the corresponding previous quarter.The Operating Profit of the company witnessed a decrease to 17635.00 millions from 20119.00 millions.

The joint offerings will empower manufacturing, CPG, and retail enterprises to leverage the true potential of digital technology

Tech Mahindra is currently trading at Rs. 1059.90, up by 6.40 points or 0.61% from its previous closing of Rs. 1053.50 on the BSE.

The scrip opened at Rs. 1054.15 and has touched a high and low of Rs. 1061.90 and Rs. 1047.05 respectively. So far 42202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1080.40 and Rs. 1017.35 respectively. The current market cap of the company is Rs. 103066.54 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into a strategic partnership with Tada Cognitive Solutions (TADA), a next generation digital twin-enabled supply chain software provider headquartered in the US. The partnership will enable Tech Mahindra’s customers to build real-time end-to-end visibility across the entire supply chain network with control tower implementations and accelerate their digital transformation journey.

The joint offerings will empower manufacturing, consumer packaged goods (CPG), and retail enterprises to leverage the true potential of digital technology. It will further propel collaboration among the various partners in the ecosystem to build modular decision systems. The partnership will combine Tech Mahindra’s deep domain expertise and system integration capabilities with TADA’s patented Digital Twin of the Supply Chain (DTSC) and Digital Twin of an Organization (DTO). This technology goes beyond a simple Digital Twin construct to build a Digital Duplicate capable of creating a real time digital replica of an organization’s entire supply network in the cloud. Together, this will accelerate supply chain transformation programs focused on visibility, supply chain execution level analytics and scenario building capabilities.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will accelerate the end-to-end digital transformation journey for retailers

Tech Mahindra is currently trading at Rs. 1027.80, up by 5.30 points or 0.52% from its previous closing of Rs. 1022.50 on the BSE.

The scrip opened at Rs. 1018.80 and has touched a high and low of Rs. 1032.00 and Rs. 1009.00 respectively. So far 74332 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1071.20 and Rs. 1009.00 respectively. The current market cap of the company is Rs. 99880.22 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into strategic partnership with XY Retail, headquartered in New York. The partnership will accelerate the end-to-end digital transformation journey for retailers and will help them enhance their omnichannel strategy for superior customer experience. The partnership will combine the power of Tech Mahindra’s deep domain expertise and system integration capabilities with XY Retail’s cloud-based unified omnichannel commerce solutions to enable customers to build a seamless and personalized integration of in-person and digital experiences.

The joint offerings will empower Consumer Packaged Goods (CPG) and retail enterprises to leverage the true potential of digital technology with data-driven insights, cloud solutions and AI capabilities. It will provide the customers with meaningful data insights through cloud-based retail ERP systems, POS and mobile apps, which cover various customer touch points of a customer journey and help them build more personalized customer experiences.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The global partnership will enable both organizations to co-create, innovate and jointly offer end-to-end solutions

Tech Mahindra is currently trading at Rs. 1029.15, up by 5.30 points or 0.52% from its previous closing of Rs. 1023.85 on the BSE.

The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1031.70 and Rs. 1004.10 respectively. So far 176647 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1045.00 and Rs. 999.95 respectively. The current market cap of the company is Rs. 99267.12 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into a strategic partnership with Altice Labs, an innovation center of Altice Group for telecommunications industry. The global partnership will enable both organizations to co-create, innovate and jointly offer end-to-end solutions in Business Support System (BSS), Operations Support System (OSS), connectivity, fibre, and 5G powered by advance data-driven analytics, AI-led digital and cloud native solutions.

The strategic partnership will allow Altice Labs and Tech Mahindra to explore untapped business growth opportunities in the global communications, media, and telecom industry. The combined efforts will provide telcos the agility for building future-ready applications in BSS, OSS and 5G space. The platforms and solutions will help customers transform their technology stake, improve the efficiency, and reduce the operational expense significantly.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

It will be hiring 3,000 people in Gujarat over the next five years

Tech Mahindra is currently trading at Rs. 1027.50, up by 8.30 points or 0.81% from its previous closing of Rs. 1019.20 on the BSE.

The scrip opened at Rs. 1011.90 and has touched a high and low of Rs. 1027.85 and Rs. 1007.70 respectively. So far 24924 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1050.00 and Rs. 1007.55 respectively. The current market cap of the company is Rs. 99670.99 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has inked a Memorandum of Understanding (MoU) with the Government of Gujarat under its IT/ITeS (IT enabled services) policy. The agreement will enable the company to address the changing engineering needs of enterprises. It will be hiring 3,000 people in Gujarat over the next five years.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The acquisition would enable the company to procure 1.5 MW of Solar Energy for its captive consumption at its facilities located in Noida, UP

Tech Mahindra is currently trading at Rs. 1068.65, up by 20.60 points or 1.97% from its previous closing of Rs. 1048.05 on the BSE.

The scrip opened at Rs. 1051.00 and has touched a high and low of Rs. 1071.65 and Rs. 1050.40 respectively. So far 28526 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1071.65 and Rs. 1007.70 respectively. The current market cap of the company is Rs. 103865.39 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into share subscription agreement to acquire 26% equity shares in Upendra Singh Multi Transmission. The acquisition would enable the company to procure 1.5 MW of Solar Energy for its captive consumption at its facilities located in Noida, UP. The total consideration would be Rs 48 lakh.

Tech Mahindra is signatory to Business Ambition for 1.5 degree C that commits to contain the rise in global in temperature by 1.5 degree C. Tech Mahindra has adopted a climate action plan that provides a roadmap for the organization to become Net Zero before 2040. While it has installed rooftop Solar plants at all its owned campuses, it also plans to procure Renewable Energy (RE) through captive projects at all its owned campuses. Captive or Group captive projects are projects set up by a developer with a minimum equity contribution of 26% from interested consumers (viz. Tech Mahindra) and the RE generated from such projects is consumed by Tech Mahindra as per government norms.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Total consolidated income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23

Tech Mahindra is currently trading at Rs. 1076.00, up by 4.35 points or 0.41% from its previous closing of Rs. 1071.65 on the BSE.

The scrip opened at Rs. 1072.95 and has touched a high and low of Rs. 1098.45 and Rs. 1066.25 respectively. So far 138790 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1098.45 and Rs. 1045.50 respectively. The current market cap of the company is Rs. 104663.46 crore.

The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.
 
Tech Mahindra has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 25.50% in its net profit at Rs 1161.90 crore for the quarter under review as compared to Rs 1559.50 crore for the same quarter in the previous year. However, total income of the company increased by 23.44% at Rs 11251.70 crore for Q2FY23 as compared Rs 9114.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 3.11% in its net profit at Rs 1299.20 crore for the quarter under review as compared to Rs 1340.90 crore for the same quarter in the previous year. However, total income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23 as compared Rs 11163.40 crore for the corresponding quarter previous year.

The company will leverage its ‘Change to Grow’ approach to deliver Business aligned IT

Tech Mahindra is currently trading at Rs. 1068.45, up by 1.75 points or 0.16% from its previous closing of Rs. 1066.70 on the BSE.

The scrip opened at Rs. 1062.20 and has touched a high and low of Rs. 1074.95 and Rs. 1059.20 respectively. So far 41562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1074.95 and Rs. 1005.60 respectively. The current market cap of the company is Rs. 103585.80 crore.

The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.

Tech Mahindra has been selected as the digital transformation partner for Nynas AB, a Swedish manufacturer of specialty oils - naphthenic and bitumen products. The company will work with Nynas to modernize its enterprise IT architecture as an enabler to establish efficient work processes across the business, deliver transparency across the value chain, provide flexibility & scalability to define new business models, and harness the power of next-generation platforms to support sustainable future growth.

The company will leverage its ‘Change to Grow’ approach to deliver Business aligned IT. ‘Change to Grow’ approach enables customers to change faster according to industry needs and equips them with abilities to launch new products and create new revenue streams.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions

Tech Mahindra is currently trading at Rs. 1024.60, up by 1.90 points or 0.19% from its previous closing of Rs. 1022.70 on the BSE.

The scrip opened at Rs. 1015.00 and has touched a high and low of Rs. 1026.70 and Rs. 1011.00 respectively. So far 21388 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1067.75 and Rs. 1011.00 respectively. The current market cap of the company is Rs. 99373.26 crore.

The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.

Tech Mahindra and Bharti Airtel have entered into strategic partnership under which they have deployed '5G for Enterprise’ solution at Mahindra’s Chakan manufacturing facility, making it India’s first 5G enabled Auto manufacturing unit.

The ‘5G for Business’ solution has significantly enhanced Chakan’s network connectivity that has resulted in improved speeds for software flashing, a critical operation for all vehicular dispatches. Blazing hi-speeds and ultra-low latency now allows managers to undertake multiple software flashing sessions in parallel, which has resulted in reduced turn-around time for an operation. Further, the computerized vision based inspection is now fully automated resulting in improved paint quality. Airtel is spearheading 5G deployment in India. The company has been testing use cases and spectrum delivery with multiple partners and at several locations as a part of its ‘5GforBusiness offerings’.

Airtel’s industry-leading integrated connectivity portfolio of ‘5GforBusiness’ along with Tech Mahindra’s industry knowledge to provide specialized services to customers, proven system integration capabilities, 5G enterprise solutions capabilities such as Factory.NXT, and its domain expertise in planning, designing, deployment, and management of private wireless networks for enterprises will benefit enterprise customers and accelerate the adoption of transformative network technologies like 5G in India. This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enables digital transformation and meet the evolving needs of the customer.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Tech Mahindra will join Australia’s leading Olympic and Paralympic sport as the Official Technology Partner

Tech Mahindra is currently trading at Rs. 1022.00, up by 1.15 points or 0.11% from its previous closing of Rs. 1020.85 on the BSE.

The scrip opened at Rs. 1020.00 and has touched a high and low of Rs. 1026.70 and Rs. 1008.95 respectively. So far 55889 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1067.75 and Rs. 1008.95 respectively. The current market cap of the company is Rs. 99412.21 crore.

The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.

Tech Mahindra and Swimming Australia have partnered to empower high performing athletes & revolutionize fan experience. Tech Mahindra will join Australia’s leading Olympic and Paralympic sport as the Official Technology Partner, delivering technology support across all facets of the national governing body including high performance, participation, fan engagement, and administration.

Tech Mahindra’s expertise, coupled with Swimming Australia’s desire to be data-driven will equip coaches and athletes with sports insights ahead of the 2024 Olympic and Paralympic Games to be held in Paris. The athletes will be able to leverage new-age technologies and advanced platforms servicing to improve their gameplay and ensure an engaging fan experience.

As part of this collaboration, Tech Mahindra and Swimming Australia will continue to focus on the user experience while developing technology to build on the improved tech footprint delivered by the website. Tech Mahindra’s next-generation digital engagement platform will help Swimming Australia’s team to drive hyper-personalized data-driven fan experiences by leveraging cutting-edge technologies like Artificial Intelligence (AI), Augmented Reality (AR)/ Virtual Reality (VR), among others.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency

Tech Mahindra is currently trading at Rs. 1007.75, up by 5.10 points or 0.51% from its previous closing of Rs. 1002.65 on the BSE.

The scrip opened at Rs. 1006.05 and has touched a high and low of Rs. 1016.50 and Rs. 1003.70 respectively. So far 92930 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1754.10 on 12-Jan-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1028.85 and Rs. 985.00 respectively. The current market cap of the company is Rs. 98103.36 crore.

The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.

Tech Mahindra has entered into a global strategic partnership with Retalon, a leader in retail AI and predictive analytics solutions. The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency.

Together, Tech Mahindra and Retalon will offer a unified common analytic platform to help enterprises unlock significant value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization. The joint efforts will also offer an integrated solution to make smarter inventory & fulfilment decisions, which will result in improved gross margins from 9-12% annually. The partnership will bring together Tech Mahindra's expertise in Retail & Consumer Goods (RCG) and Digital Services with Retalon's Artificial Intelligence (AI) and Predictive Analytics tools to provide superior customer experiences.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The platform can help understand how apps are interacting with the actual network across diverse geographies in real-time

Tech Mahindra is currently trading at Rs. 1122.70, up by 8.70 points or 0.78% from its previous closing of Rs. 1114.00 on the BSE.

The scrip opened at Rs. 1115.05 and has touched a high and low of Rs. 1135.35 and Rs. 1114.00 respectively. So far 24007 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1574.80 on 25-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1149.45 and Rs. 1097.45 respectively. The current market cap of the company is Rs. 110077.14 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has launched SANDSTORM, a groundbreaking remote real-time network monitoring and smart device assurance service for telcos and enterprises. SANDSTORM is a cutting-edge solution that allows service providers to remotely measure customer experiences on any device, from smartphones, tablets, VR headsets, smart TVs, to connected cars.

SANDSTORM empowers the enterprises to access any device “remotely” and use Tech Mahindra’s automation platform to test & deploy applications, devices, and others for end customers. The platform can help understand how apps are interacting with the actual network across diverse geographies in real-time. It delivers deep insights into device lower-layer information mapped to applications. This results in faster application development, and time-to-market.

SANDSTORM is a fully scalable and customizable solution, designed to meet the unique requirements of customers.  It will equip the Telcos to launch their network faster by assuring end-to-end call flows from a remote location, eliminating the need for engineers to be on cell site/ sector for undertaking the tests. This platform will further help to speed up the implementation of 5G and envision a new path for businesses to attain future connectivity.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The company partnered with StarHub for digital transformation

Tech Mahindra is currently trading at Rs. 1132.55, up by 71.45 points or 6.73% from its previous closing of Rs. 1061.10 on the BSE.

The scrip opened at Rs. 1115.00 and has touched a high and low of Rs. 1164.50 and Rs. 1115.00 respectively. So far 414401 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1574.80 on 25-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1164.50 and Rs. 1041.00 respectively. The current market cap of the company is Rs. 110530.05 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has entered into a partnership with StarHub, a leading homegrown company from Singapore that delivers world-class communications, entertainment, and digital services. Tech Mahindra is assisting StarHub to modernize its IT operations for consumer facing systems and processes, to simplify user journeys, achieve increased IT operational efficiency, and improve customer experiences. The partnership has allowed StarHub roll out product offers and business changes quicker, launch a reliable and agile platform to future-proof its investments, and fast-track innovation based on cloud native principles.

As part of this engagement, Tech Mahindra has been working closely with technology partners such as CompaxDigital, Dreamcloud and MATRIXX Software, to provide digital services and solutions in support of StarHub’s ambitious DARE+ strategy, a journey that began with a new focus on customer experience. The transformed solution includes StarHub App, a one-stop shop for StarHub's customers' needs to explore, purchase, pay for, and manage existing and new services from a single app. StarHub App is powered by a microservices based comprehensive Digital BSS suite and modern converged charging solution. The app is also integrated with an AI-friendly chatbot that provides offline support for all customer journeys.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies

Tech Mahindra is currently trading at Rs. 1079.90, up by 9.65 points or 0.90% from its previous closing of Rs. 1070.25 on the BSE.

The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1081.75 and Rs. 1065.20 respectively. So far 30314 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.55 on 29-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1118.35 and Rs. 1066.30 respectively. The current market cap of the company is Rs. 105066.68 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has launched AceFin, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution designed to provide actionable insights (tactical & strategic) for Chief Finance Officers (CFOs). The solution integrates data sources from various IT systems ensuring ‘Single Source of Truth’ that enables timely decision making and maintenance of best-in-class standards in the finance function.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies. The solution will enable area-specific deep dives and drilldowns into any business area or process. AceFin capabilities will allow CFOs with end-to-end finance insights through greater visibility, and accessibility by bringing together various finance data elements in real-time. The solution will empower CFOs and their teams to stay on top of problems across business functions and address them in a timely manner by escalating them to the appropriate stakeholders.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
 

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Company’s Code of Conduct for Prohibition of Insider Trading in its Securities, Tech Mahindra has informed that the trading window for dealing in the securities of the Company will be closed for Designated Persons of the Company with effect from April 1, 2023 and shall open 48 hours after the declaration of Financial Results for the quarter and year ended March 31, 2023. The date of the Board Meeting for declaration of Financial Results for the quarter and year ending on March 31, 2023, will be intimated in due course.

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Audited Results

Rs.15.0000 per share(300%)Special Dividend

Dividend & Audited Results

Quarterly Results

Rs.15.0000 per share(300%)Special Dividend

Special Dividend

The joint offerings will empower manufacturing, CPG, and retail enterprises to leverage the true potential of digital technology

Tech Mahindra has entered into a strategic partnership with Tada Cognitive Solutions (TADA), a next generation digital twin-enabled supply chain software provider headquartered in the US. The partnership will enable Tech Mahindra’s customers to build real-time end-to-end visibility across the entire supply chain network with control tower implementations and accelerate their digital transformation journey.

The joint offerings will empower manufacturing, consumer packaged goods (CPG), and retail enterprises to leverage the true potential of digital technology. It will further propel collaboration among the various partners in the ecosystem to build modular decision systems. The partnership will combine Tech Mahindra’s deep domain expertise and system integration capabilities with TADA’s patented Digital Twin of the Supply Chain (DTSC) and Digital Twin of an Organization (DTO). This technology goes beyond a simple Digital Twin construct to build a Digital Duplicate capable of creating a real time digital replica of an organization’s entire supply network in the cloud. Together, this will accelerate supply chain transformation programs focused on visibility, supply chain execution level analytics and scenario building capabilities.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The combined efforts will focus on modernizing the customer communications industry to deliver superior customer experience across industries

Tech Mahindra has entered into a strategic partnership with Quantre Solutions, a customer communications management consulting service provider headquartered in the US. The combined efforts will focus on modernizing the customer communications industry to deliver superior customer experience across industries such as financial, insurance, and healthcare industries, to name a few.

The partnership will allow enterprises to develop processes into operating standards through cloud-native microservices including customer communication management (CCM), customer experience management (CXM), cloud-based ETL and data integration service and Functions-as-a-Service (FaaS).

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The solution will provide end-to-end visibility and recommendations to further strengthen fieldwork planning and address the demand & supply chain appropriately

Tech Mahindra has launched YANTR.AI - a transformational cognitive Artificial Intelligence (AI) solution to enhance and simplify field services. It will further strengthen the company’s BPaaS (Business Process as a Service) portfolio and provide actionable insights to enterprises for better planning and execution of field services.

YANTR.AI is designed to provide operational efficiency, enhance productivity, and improve workflow control by combining advance analytics, AI, Machine Learning (ML) & optimization along with people to hyper-automate field operations, thereby increasing cost efficiency and improving customer experience. The solution will provide end-to-end visibility and recommendations to further strengthen fieldwork planning and address the demand & supply chain appropriately. It can also help customers discover lags & opportunities and strategize efforts in the right direction to create a flawless field ecosystem.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Tech Mahindra will enable businesses to configure, launch, analyze, manage sustainability targets, and help them achieve ESG goals

Tech Mahindra has launched its end-to-end ESG (Environment, Social, Governance) portfolio to help businesses achieve their sustainability goals. Through these offerings, Tech Mahindra will enable businesses to configure, launch, analyze, manage sustainability targets, and help them achieve ESG goals.

Through these offerings, Tech Mahindra will help customers to reduce their current carbon emissions footprint by renovating across operations, supply chains, and processes. The offerings will enable Tech Mahindra’s customers to strengthen their commitment towards sustainability goals, while maintaining and creating business value.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will accelerate the end-to-end digital transformation journey for retailers

Tech Mahindra has entered into strategic partnership with XY Retail, headquartered in New York. The partnership will accelerate the end-to-end digital transformation journey for retailers and will help them enhance their omnichannel strategy for superior customer experience. The partnership will combine the power of Tech Mahindra’s deep domain expertise and system integration capabilities with XY Retail’s cloud-based unified omnichannel commerce solutions to enable customers to build a seamless and personalized integration of in-person and digital experiences.

The joint offerings will empower Consumer Packaged Goods (CPG) and retail enterprises to leverage the true potential of digital technology with data-driven insights, cloud solutions and AI capabilities. It will provide the customers with meaningful data insights through cloud-based retail ERP systems, POS and mobile apps, which cover various customer touch points of a customer journey and help them build more personalized customer experiences.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The lab will aim to accelerate data-driven digital transformation for enterprises across diverse sectors, including the telecommunications industry

Tech Mahindra has unveiled Telco Smart Analytics Lab Dedicated for Google Cloud in Milton Keynes, UK. The lab will aim to accelerate data-driven digital transformation for enterprises across diverse sectors, including the telecommunications industry. The Telco Smart Analytics Lab will focus on developing data analytics solutions on Google Cloud to help Communications Service Providers (CSPs) across the globe to modernize their data ecosystems and encourage analytics-driven operations.

It will harness the capabilities of Tech Mahindra’s intellectual property (IP) and in-house accelerators customized for CSPs to better engage their customers through analytics-driven experiences, modernize their business platform, enable data cloud migration, and thereby deliver operational efficiencies. It will further empower customers to accelerate their data cloud journeys as they move towards a digital-first future. The lab will further support CSPs to leverage 5G and Edge Computing technologies to create new products, services, and business models fueling revenue growth. It will also showcase how CSPs can better monetize their significant network data assets. As part of the NXT.NOW framework, Tech Mahindra aims to enhance human-centric experiences for businesses. This means focusing on investing in emerging technologies and solutions that enable digital transformation to better meet the evolving needs of its customers through our DigitALL framework.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The global partnership will enable both organizations to co-create, innovate and jointly offer end-to-end solutions

Tech Mahindra has entered into a strategic partnership with Altice Labs, an innovation center of Altice Group for telecommunications industry. The global partnership will enable both organizations to co-create, innovate and jointly offer end-to-end solutions in Business Support System (BSS), Operations Support System (OSS), connectivity, fibre, and 5G powered by advance data-driven analytics, AI-led digital and cloud native solutions.

The strategic partnership will allow Altice Labs and Tech Mahindra to explore untapped business growth opportunities in the global communications, media, and telecom industry. The combined efforts will provide telcos the agility for building future-ready applications in BSS, OSS and 5G space. The platforms and solutions will help customers transform their technology stake, improve the efficiency, and reduce the operational expense significantly.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

As part of the partnership, Tech Mahindra will help MIH build the software-defined car architecture and platforms

Tech Mahindra has partnered with Foxconn-initiated MIH (Mobility in Harmony) Consortium, an open EV alliance that promotes collaboration in the mobility industry. The partnership will focus on developing sustainable mobility solutions and building the next generation of Electric Vehicles, autonomous driving solutions, and mobility service applications that can deliver value for stakeholders in the mobility industry.

As part of the partnership, Tech Mahindra will help MIH build the software-defined car architecture and platforms and will provide its software, design development, and consulting expertise to deliver value to customers and stakeholders. The partnership will also focus on leveraging key technologies and developing reference designs and standards to bridge the gap for alliance members, enabling accelerated innovation and shorter development cycles.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

It will be hiring 3,000 people in Gujarat over the next five years

Tech Mahindra has inked a Memorandum of Understanding (MoU) with the Government of Gujarat under its IT/ITeS (IT enabled services) policy. The agreement will enable the company to address the changing engineering needs of enterprises. It will be hiring 3,000 people in Gujarat over the next five years.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Total consolidated income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23

Tech Mahindra has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 25.50% in its net profit at Rs 1161.90 crore for the quarter under review as compared to Rs 1559.50 crore for the same quarter in the previous year. However, total income of the company increased by 23.44% at Rs 11251.70 crore for Q2FY23 as compared Rs 9114.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 3.11% in its net profit at Rs 1299.20 crore for the quarter under review as compared to Rs 1340.90 crore for the same quarter in the previous year. However, total income of the company increased by 20.21% at Rs 13419.70 crore for Q2FY23 as compared Rs 11163.40 crore for the corresponding quarter previous year.

The company will leverage its ‘Change to Grow’ approach to deliver Business aligned IT

Tech Mahindra has been selected as the digital transformation partner for Nynas AB, a Swedish manufacturer of specialty oils - naphthenic and bitumen products. The company will work with Nynas to modernize its enterprise IT architecture as an enabler to establish efficient work processes across the business, deliver transparency across the value chain, provide flexibility & scalability to define new business models, and harness the power of next-generation platforms to support sustainable future growth.

The company will leverage its ‘Change to Grow’ approach to deliver Business aligned IT. ‘Change to Grow’ approach enables customers to change faster according to industry needs and equips them with abilities to launch new products and create new revenue streams. 

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership aims to accelerate delivery of smart utility solutions across Europe and US

Tech Mahindra has entered into a strategic partnership with Basis Technologies, an SAP change and test automation software provider, to accelerate delivery of smart utility solutions across Europe and US. The partnership will enable energy and utility businesses to achieve significant operational savings and improved billing accuracy through BDEx, a best-of-breed SAP platform that integrates intelligent billing and revenue management software.

As part of this partnership, Basis Technologies’ platform-based solution combined with Tech Mahindra’s managed process delivery expertise will transform the conventional transaction processing functions for utility businesses. The strategic partnership will focus on streamlining business processes and operations significantly through its customer-centric services, dynamic work allocation, Business Process Exception Management (BPEM) closure control and smart one office capability. It will proactively reduce Meter-to-Cash (M2C) errors and boost back-office efficiency by building digital capability at reduced ownership cost for utility businesses.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

This partnership is in line with Tech Mahindra’s NXT.NOW framework

Tech Mahindra and Digital Economy Promotion Agency (Depa) have signed a Memorandum of Understanding (MoU) to accelerate digital transformation in Thailand. As a part of the partnership, both organizations will co-develop innovative digital solutions and execute commercially viable projects and use cases for enterprises in areas of IoT, AI, 5G, Analytics, Blockchain, and Metaverse for various industries including Smart Cities, Telecom, among others.

This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

This is in line with Tech Mahindra’s commitment to expand its global delivery centers

Tech Mahindra has signed a Memorandum of Understanding (MoU) with the Information Technology Industry Development Agency (ITIDA) to establish a global delivery centre in Cairo. Tech Mahindra aims to hire more than 1000 employees over next three years to serve both global and local customers from its newly inaugurated center in Cairo.

The new facility in Cairo assists Tech Mahindra’s clients across various sectors; namely, Telecom, Oil and Gas, BFSI (Banking, Financial Services, and Insurance), Energy & Utilities, and the Public Sector by leveraging Artificial Intelligence, Big Data & Analytics, Cloud and 5G technologies. This is in line with Tech Mahindra’s commitment to expand its global delivery centers and invest in the upskilling and reskilling of local Egyptian talent.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The collaboration will provide clients with a unified, tech-enabled platform to enhance sales effectiveness

Tech Mahindra has entered into a strategic partnership with Mindtickle, the global leader in sales enablement and training technology. The collaboration will provide clients with a unified, tech-enabled platform to enhance sales effectiveness.

Tapping the unique expertise of both companies, the strategic relationship will offer clients a solution for end-to-end sales enablement challenges such as sales onboarding, new product launches, competency benchmarking, upskilling and more. This partnership will aim to ensure increased revenue, customer satisfaction, employee productivity, and retention across every customer-facing function including contact center and support operations.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The organization will continue to invest in cloud services & hyerpscaler relationships to boost digital transformation for enterprises

Tech Mahindra has launched Cloud BlazeTech, an integrated, sector-agnostic platform, to maximize business value for cloud-powered enterprises globally. The organization will continue to invest in cloud services & hyerpscaler relationships to boost digital transformation for enterprises.

Integrated cloud migration, cloud-native operation & self-healing governance model, ‘Cloud BlazeTech’ supports bi-modal infrastructure transformation and helps enterprises to accelerate to a cloud-native world. In addition, the platform has integrations with hyperscaler hybrid cloud platforms to provide industry-specific pre-build cloud-native solutions that drive faster business outcomes. By adopting the Cloud BlazeTech platform, enterprises will achieve 25-30% cost savings and a 30% improvement in migration time.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions

Tech Mahindra and Bharti Airtel have entered into strategic partnership under which they have deployed '5G for Enterprise’ solution at Mahindra’s Chakan manufacturing facility, making it India’s first 5G enabled Auto manufacturing unit.

The ‘5G for Business’ solution has significantly enhanced Chakan’s network connectivity that has resulted in improved speeds for software flashing, a critical operation for all vehicular dispatches. Blazing hi-speeds and ultra-low latency now allows managers to undertake multiple software flashing sessions in parallel, which has resulted in reduced turn-around time for an operation. Further, the computerized vision based inspection is now fully automated resulting in improved paint quality. Airtel is spearheading 5G deployment in India. The company has been testing use cases and spectrum delivery with multiple partners and at several locations as a part of its ‘5GforBusiness offerings’.

Airtel’s industry-leading integrated connectivity portfolio of ‘5GforBusiness’ along with Tech Mahindra’s industry knowledge to provide specialized services to customers, proven system integration capabilities, 5G enterprise solutions capabilities such as Factory.NXT, and its domain expertise in planning, designing, deployment, and management of private wireless networks for enterprises will benefit enterprise customers and accelerate the adoption of transformative network technologies like 5G in India. This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enables digital transformation and meet the evolving needs of the customer.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The organizations will explore synergies in mutually beneficial areas of quantum computing, cryptography, and communication technologies

Tech Mahindra and IQM Quantum Computers have signed a Memorandum of Understanding (MoU) for research in quantum computing. The organizations will explore synergies in mutually beneficial areas of quantum computing, cryptography, and communication technologies.

As part of the partnership, the organizations will jointly develop new quantum computing offerings for various industries including healthcare, cyber security, and banking, among others. They will further co-develop and market quantum technology use cases in India and Finland.

This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Tech Mahindra will join Australia’s leading Olympic and Paralympic sport as the Official Technology Partner

Tech Mahindra and Swimming Australia have partnered to empower high performing athletes & revolutionize fan experience. Tech Mahindra will join Australia’s leading Olympic and Paralympic sport as the Official Technology Partner, delivering technology support across all facets of the national governing body including high performance, participation, fan engagement, and administration.

Tech Mahindra’s expertise, coupled with Swimming Australia’s desire to be data-driven will equip coaches and athletes with sports insights ahead of the 2024 Olympic and Paralympic Games to be held in Paris. The athletes will be able to leverage new-age technologies and advanced platforms servicing to improve their gameplay and ensure an engaging fan experience. 

As part of this collaboration, Tech Mahindra and Swimming Australia will continue to focus on the user experience while developing technology to build on the improved tech footprint delivered by the website. Tech Mahindra’s next-generation digital engagement platform will help Swimming Australia’s team to drive hyper-personalized data-driven fan experiences by leveraging cutting-edge technologies like Artificial Intelligence (AI), Augmented Reality (AR)/ Virtual Reality (VR), among others.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency

Tech Mahindra has entered into a global strategic partnership with Retalon, a leader in retail AI and predictive analytics solutions. The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency.

Together, Tech Mahindra and Retalon will offer a unified common analytic platform to help enterprises unlock significant value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization. The joint efforts will also offer an integrated solution to make smarter inventory & fulfilment decisions, which will result in improved gross margins from 9-12% annually. The partnership will bring together Tech Mahindra's expertise in Retail & Consumer Goods (RCG) and Digital Services with Retalon's Artificial Intelligence (AI) and Predictive Analytics tools to provide superior customer experiences.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The collaboration aims to enable cloud-powered 5G core network modernization for telecom operators globally

Tech Mahindra has entered into strategic collaboration with Microsoft to enable cloud-powered 5G core network modernization for telecom operators globally. The 5G core network transformation will help telecom operators to develop 5G core use cases and meet their customers’ growing technological (Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and edge computing) requirements. It will further enable them to modernize, optimize, and secure business operations and develop green networks with reduced costs and a faster time to market.

As a part of the collaboration, Tech Mahindra will provide its talent expertise, comprehensive solutions, and managed services offerings like ‘Network Cloudification as a Service’  and AIOps to telecom operators for their 5G Core networks. The modernization of network core systems and operations powered by AIOps will enable operators to deploy and manage their 5G Core networks and leverage the power of the cloud to deliver new and innovative services to their customers quickly and easily. AIOps will help operators combine big data and machine learning to automate network operations processes, including event correlation and anomaly detection, predicting fault and performance issues, thereby enabling self-serving network operations.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will focus on building an efficient landscape of solutions to provide robust digital transformation to customers in major verticals, including retail

Tech Mahindra has established delivery center for Google Cloud in Guadalajara, Mexico. The center will be dedicated to Google Cloud-centric solutions that enable customers to modernize infrastructure and manage workloads with differentiated accelerators, Cloud Native and Open-Source technologies.

The partnership will leverage the expertise of both organizations in the domains, including the Google Cloud Platform on Anthos, Data and Analytics, Artificial Intelligence (AI), Machine Learning (ML), and more. The center will empower customers across the Americas to accelerate cloud adoption by leveraging hundreds of Google Cloud Certified engineers. It will focus on building an efficient landscape of solutions to provide robust digital transformation to customers in major verticals, including retail.

Together, Tech Mahindra and Google Cloud will focus on helping customers advance their digital transformation through solutions covering workload migration to Google Cloud for increased velocity and scale and modernizing core systems with G-Suite offerings. The delivery centre will also help customers accelerate the pace of digital business with full cycle Application Programming Interface (API) management. With network modernization, the delivery center will also build a portfolio of 5G/Edge solutions with Google Cloud Global Distributed Edge Computing, as well as Network AI and Automation.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The organization’s brand value ranking improved by four positions since last year

Tech Mahindra has been recognized as the fastest growing brand in ‘brand value rank’ amongst the top 25 IT services brands by Brand Finance, the world’s leading brand evaluation firm. The organization’s brand value ranking improved by four positions since last year. This is the highest rank achieved by Tech Mahindra in the Brand Finance ranking till date. The jump in ranking by Tech Mahindra is also bigger than any other brand.

The organization’s brand value registered a robust growth of 66% since the beginning of the pandemic, with its value rising by 15% to $3.5 billion in 2022. Listed among the Top 7 brands globally in brand strength with AA+ rating, Tech Mahindra has been consistently strengthening its brand presence on a global scale to fulfill its promise of ‘Connected World. Connected Experiences’. Over the last three years, Tech Mahindra’s brand activation has enabled significant on-ground impact. The organization is focused on driving data-driven conversations across the C-suite audience through award-winning thought leadership programs.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Total income of the company increased 19.77% at Rs 13981.80 crore for Q3FY23

Tech Mahindra has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 12.41% in its net profit at Rs 1204.40 crore for the quarter under review as compared to Rs 1375.00 crore for the same quarter in the previous year. However, total income of the company increased 17.14% at Rs 11356.20 crore for Q3FY23 as compared to Rs 9694.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 6.74% in its net profit at Rs 1285.30 crore for the quarter under review as compared to Rs 1378.20 crore for the same quarter in the previous year. However, total income of the company increased 19.77% at Rs 13981.80 crore for Q3FY23 as compared to Rs 11673.90 crore for the corresponding quarter previous year.

The company is amongst the 8 Indian organizations to be included in 2023 Bloomberg's Gender-Equality Index

Tech Mahindra has been included in Bloomberg Gender-Equality Index (GEI) for the fourth consecutive year. The company is amongst the 8 Indian organizations to be included in 2023 Bloomberg's Gender-Equality Index (GEI). The 2023 GEI reaches globally to represent 45 countries and regions, including firms headquartered in Luxembourg, Ecuador, and Kuwait for the first time. Member companies represent a variety of sectors, including financials, technology, and utilities, which continue to have the highest company representation in the index from 2022.

As part of this report, 484 companies are included in the 2023 Bloomberg Gender-Equality Index(GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across five pillars: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand. Tech Mahindra is included in the 2023 list for scoring at or above a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Data & AI and Cloud CoE by Tech Mahindra will enable accelerated and sustainable adoption of Data Analytics & Ethical AI

Tech Mahindra has signed a Memorandum of Understanding (MoU) with the Ministry of Communication and Information Technology (MCIT), Saudi Arabia to establish a Data & AI and a Cloud Center of Excellence (CoE) in Riyadh. The CoE will combine academic and socio-economic goals to build national Hi-tech talent capacity, create high quality jobs, promote digital innovation and upscale small & medium enterprises.

Data & AI and Cloud CoE by Tech Mahindra will enable accelerated and sustainable adoption of Data Analytics & Ethical AI. It will further drive cloud-enabled transformation across industries to develop local assets, Intellectual Property (IP) and promote a cognitive approach across smart services to contribute to Saudi Vision 2030's digital-led transformation objectives.

Tech Mahindra will host design thinking workshops, hackathons around Data & AI and Cloud to nurture innovation and accelerate the Kingdom’s transformation to a digital economy. The partnership will provide training and development for 2500 Saudi nationals by providing project deployment programs that enhance skills and develop careers in Data & AI and Cloud.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Telefonica Germany and Tech Mahindra have implemented netOps.ai platform, which automates e2e Network Lifecycle

Tech Mahindra has helped Telefonica Germany to bring higher level of efficiencies in network operations by implementing netOps.ai, the next-gen network automation platform. Additionally, Tech Mahindra is helping Telefonica accelerate its journey to Autonomous Networks by modernizing its Operations Support Systems (OSS) stack.

As a first step towards achieving this vision, Telefonica Germany and Tech Mahindra have implemented netOps.ai platform, which automates e2e Network Lifecycle. The ‘Continuous Insights & Intelligence (CI2F)’ model of netOps.ai has helped automate NOC Operations thereby ensuring significant improvement in operational KPIs such as T2D (Time to Dispatch), MTTR (Mean Time to Repair) and Network Availability.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The platform can help understand how apps are interacting with the actual network across diverse geographies in real-time

Tech Mahindra has launched SANDSTORM, a groundbreaking remote real-time network monitoring and smart device assurance service for telcos and enterprises. SANDSTORM is a cutting-edge solution that allows service providers to remotely measure customer experiences on any device, from smartphones, tablets, VR headsets, smart TVs, to connected cars.

SANDSTORM empowers the enterprises to access any device “remotely” and use Tech Mahindra’s automation platform to test & deploy applications, devices, and others for end customers. The platform can help understand how apps are interacting with the actual network across diverse geographies in real-time. It delivers deep insights into device lower-layer information mapped to applications. This results in faster application development, and time-to-market.

SANDSTORM is a fully scalable and customizable solution, designed to meet the unique requirements of customers.  It will equip the Telcos to launch their network faster by assuring end-to-end call flows from a remote location, eliminating the need for engineers to be on cell site/ sector for undertaking the tests. This platform will further help to speed up the implementation of 5G and envision a new path for businesses to attain future connectivity.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The company has hit a run rate of $1 billion (about Rs 8,300 crore), from 5G solutions that it provides to telecom companies

Tech Mahindra is eyeing to soon hit $7 billion revenue run rate for current fiscal year, out of which the telecom vertical is estimated to contribute $3 billion. The company has hit a run rate of $1 billion (about Rs 8,300 crore), from 5G solutions that it provides to telecom companies.

Tech Mahindra posted a 5 per cent decline in consolidated profit after tax at Rs 1,297 crore for December quarter. Revenue from operations, however, increased 20 per cent to Rs 13,734.6 crore from Rs 11,451 crore a year ago.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership will empower telecom operators and enterprises to build, host and operate LTEs and 5G networks

Tech Mahindra has expanded partnership with Microsoft as an Azure Operator Nexus Ready Systems Integrator. The partnership will empower telecom operators and enterprises to build, host and operate Long-term Evolution (LTE) and 5G networks by using virtualized/containerized network functions leveraging Azure Operator Nexus.

As an Azure Operator Nexus Ready Systems Integrator, Tech Mahindra will provide its talent, expertise, comprehensive solutions, and professional managed services offerings. The partnership will leverage a fully cloud-native and blueprinted 5G core running on Azure Operator Nexus that will enable telecom operators to provide enhanced and customized user experiences. It will further provide operators with streamlined business operations through simplified management, policies, and automation delivered through unified cloud management.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership aims to enable communications service providers to modernize infrastructure and migration to cloud

Tech Mahindra has entered into partnership with Red Hat to enable communications service providers (CSPs) to modernize infrastructure and migration to cloud. This partnership will deliver customized solutions to help telcos move critical 5G and multi-access edge computing (MEC) workloads to hybrid cloud using Red Hat OpenShift Service on AWS and Tech Mahindra’s hyper-automation platform netOps.ai.

This offering brings together a comprehensive set of products and services by integrating diverse platforms to deploy a distributed, multi-vendor 5G Core, edge and MEC solution in a hybrid and multi cloud environment, further accelerating the adoption of 5G use cases for CSPs.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The company will be leveraging on existing customers who will form the first of the clients for the products and platforms offerings

Tech Mahindra is planning to invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of $450 million.

The company will be leveraging on existing customers who will form the first of the clients for the products and platforms offerings, and also the embedded domain knowledge it has earned by working for customers.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Tech Mahindra, in partnership with Cisco, will develop and implement a range of services

Tech Mahindra has set up a Cisco Business Unit (BU) to conceive, build and bring to market a full range of advisory and managed lifecycle services capabilities. The Tech Mahindra Cisco BU will help the existing customer base of over 1200 global enterprises and telecom service providers choose, adopt, and enhance current and new Cisco solutions and technologies.

Tech Mahindra, in partnership with Cisco, will develop and implement a range of services that build and maintain agile, secure, collaborative, and hybrid networks. The new BU will support Cisco solutions, including Software Defined Wide Area Network (SD-WAN), Secure Access Service Edge (SASE), Full Stack Observability (FSO), Managed Wi-Fi networks, Routed Optical Networks (RON), Carrier IP Networks, 5G for enterprise and Hyper Network automation.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

The partnership has allowed StarHub roll out product offers and business changes quicker

Tech Mahindra has entered into a partnership with StarHub, a leading homegrown company from Singapore that delivers world-class communications, entertainment, and digital services. Tech Mahindra is assisting StarHub to modernize its IT operations for consumer facing systems and processes, to simplify user journeys, achieve increased IT operational efficiency, and improve customer experiences. The partnership has allowed StarHub roll out product offers and business changes quicker, launch a reliable and agile platform to future-proof its investments, and fast-track innovation based on cloud native principles.

As part of this engagement, Tech Mahindra has been working closely with technology partners such as CompaxDigital, Dreamcloud and MATRIXX Software, to provide digital services and solutions in support of StarHub’s ambitious DARE+ strategy, a journey that began with a new focus on customer experience. The transformed solution includes StarHub App, a one-stop shop for StarHub's customers' needs to explore, purchase, pay for, and manage existing and new services from a single app. StarHub App is powered by a microservices based comprehensive Digital BSS suite and modern converged charging solution. The app is also integrated with an AI-friendly chatbot that provides offline support for all customer journeys.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

This partnership is in line with Tech Mahindra’s DigitALL philosophy for comprehensive business transformation

Tech Mahindra has been selected as IT Managed Services Partner by Indosat Ooredoo Hutchison (Indosat). Tech Mahindra will transform and run Indosat’s IT operations on a new-age digital-first platform that enables seamless visibility and managed services across its entire IT stack from a single viewpoint. This will improve overall performance, drive value, and improve customer experience for Indosat’s 102.2 million mobile subscribers.

In addition to the partnership for IT managed services, both organizations signed an MoU in June 2022 to enable Indosat to grow their enterprise business. This partnership is in line with Tech Mahindra’s DigitALL philosophy for comprehensive business transformation. As part of NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of its customers.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies

Tech Mahindra has launched AceFin, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution designed to provide actionable insights (tactical & strategic) for Chief Finance Officers (CFOs). The solution integrates data sources from various IT systems ensuring ‘Single Source of Truth’ that enables timely decision making and maintenance of best-in-class standards in the finance function.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies. The solution will enable area-specific deep dives and drilldowns into any business area or process. AceFin capabilities will allow CFOs with end-to-end finance insights through greater visibility, and accessibility by bringing together various finance data elements in real-time. The solution will empower CFOs and their teams to stay on top of problems across business functions and address them in a timely manner by escalating them to the appropriate stakeholders.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

As part of the partnership, approximately 20 current YIT employees will be transferred to Tech Mahindra on May 1, 2023

Tech Mahindra has been selected as a strategic partner for YIT Corporation, the largest Finnish and a significant North European development and construction company. Going forward, Tech Mahindra will provide a significant part of YIT's IT services, harmonising and consolidating the current services to one dedicated supplier. Further, the organisation will support YIT's business transformation journey by optimizing business processes through automated IT operations.

Tech Mahindra will work with YIT to modernize their enterprise IT architecture and system landscape to drive increased efficiencies across its value chain. Tech Mahindra will also run YIT's end-to-end IT operations with a focus on customer centricity and measurable business growth, delivering world-class customer experiences. As part of the partnership, approximately 20 current YIT employees will be transferred to Tech Mahindra on May 1, 2023.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.