Tech Mahindra
Encyclopedia
Tech Mahindra Limited is a provider of information technology (IT), networking technology solution
s and business process outsourcing (BPO) services to the global telecommunications industry. 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. 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
.
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:
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).
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
. 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.
, Cognizant Technology Solutions
, Aricent
, Infosys
, Wipro
, Computer Sciences Corporation
, HCL Technologies
, Alcatel Lucent.
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s and business process outsourcing (BPO) services to the global telecommunications industry. Headquartered at Pune, India. It is a joint venture between the Mahindra Group
Mahindra Group
The Mahindra Group is an Indian multinational conglomerate company headquartered at Mahindra Towers in Mumbai, India, with operations in over 100 countries across the globe...
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. 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
Tata Consultancy Services
Tata Consultancy Services Limited is a global IT services, business solutions and outsourcing company headquartered in Mumbai, India. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India...
,Infosys
Infosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
,Wipro
Wipro
Wipro Limited formally Western India Products Limited is a global IT services and consulting company headquartered in Bangalore, India. As of 2011, Wipro is the second largest IT services company by turnover in India and employs more than 120,000 people worldwide as of March 2011...
and HCL Technologies
HCL Technologies
HCL Technologies Limited is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in...
.
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:
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
- 1995 - Established the UK branch office
- 2001 - Incorporated MBT GmbH, Germany incorporated. Re-certified to ISO 9001:1994 by BVQI
- 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.- IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
:KolkataKolkataKolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
,PunePunePune , is the eighth largest metropolis in India, the second largest in the state of Maharashtra after Mumbai, and the largest city in the Western Ghats. Once the centre of power of the Maratha Empire, it is situated 560 metres above sea level on the Deccan plateau at the confluence of the Mula ...
,NoidaNoidaNoida , short for the New Okhla Industrial Development Area, is an area in India under the management of the New Okhla Industrial Development Authority . Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization...
,ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
,BangaloreBangaloreBengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
,New DelhiNew DelhiNew Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
,MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million... - 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 scandalSatyam scandal
The Satyam Computer Services scandal was publicly announced on 7 January 2009, when Chairman Ramalinga Raju confessed that Satyam's accounts had been falsified.- Aftermath :...
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
Larsen & Toubro
Larsen & Toubro Limited is an Indian multinational conglomerate company headquartered in Mumbai, India. The company has four main business sectors: technology, engineering, construction and manufacturing. L&T has an international presence, with a global spread of offices and factories, further...
. 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.Competitors
Its competitors are Tata Consultancy ServicesTata Consultancy Services
Tata Consultancy Services Limited is a global IT services, business solutions and outsourcing company headquartered in Mumbai, India. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India...
, Cognizant Technology Solutions
Cognizant Technology Solutions
Cognizant Technology Solutions Corp. is an American global provider of custom information technology, consulting and business process outsourcing services. Its headquartered in Teaneck, New Jersey, United States and is a member of NASDAQ-100, the S&P 500 and Fortune 500...
, Aricent
Aricent
Aricent Group is a global innovation and technology services company. The company develops software and provides technology services to application, infrastructure, and service providers with operations in 19 countries worldwide....
, Infosys
Infosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
, Wipro
Wipro
Wipro Limited formally Western India Products Limited is a global IT services and consulting company headquartered in Bangalore, India. As of 2011, Wipro is the second largest IT services company by turnover in India and employs more than 120,000 people worldwide as of March 2011...
, Computer Sciences Corporation
Computer Sciences Corporation
Computer Sciences Corporation is an American information technology and business services company headquartered in Falls Church, Virginia, USA...
, HCL Technologies
HCL Technologies
HCL Technologies Limited is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in...
, Alcatel Lucent.