Tech Mahindra
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| Tech Mahindra Ltd. | |
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| Type | Public |
|---|---|
| Founded | 1986 |
| Headquarters | |
| Products | IT services |
| Website | [1] |
Tech Mahindra Ltd. (TechM) formerly known as Mahindra British Telecom (MBT) is a joint venture between Mahindra & Mahindra Limited (M&M) and British Telecommunications plc (BT), UK with M&M holding 57% and BT holding 43% of the equity. Tech Mahindra has its headquarters at Pune, India. Tech Mahindra commenced operations as a Software Services company in 1988 and focuses on providing services to the global telecom industry.Today it is the leading telecom solution provider in India.Tech Mahindra Limited (formerly known as Mahindra-British Telecom Limited) is the global leader in providing end-to-end IT services and solutions to the Telecom industry. Over 18000 professionals service clients across various telecom segments, from multiple offshore development centers across 7 cities in India and UK and 13 sales offices across Americas, Europe and Asia-Pacific.
Having serviced premium telecom companies worldwide, for nearly two decades, Tech Mahindra combines deep domain expertise in OSS (Operations Support Systems) and BSS (Business Support Systems) systems, intellectual leadership and a global workforce advantage to provide services to leading players in the telecom ecosystem. Tech Mahindra provides a wide variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering. Through a rich Telecom heritage, Tech Mahindra has built long-term sustainable relationships with telecom customers through delivery of IT services that help them achieve significant ROI and the greatest competitive advantage in the telecom marketplace.
Committed to quality, Tech Mahindra adds value to client businesses through well-established methodologies, tools and techniques backed by its stringent quality processes. Tech Mahindra is ISO 9001:2000 certified and is also assessed at SEI-CMMi Level 5 and SEI-PCMMi Level 5. Tech Mahindra is also BS7799 certified.
Majority owned by Mahindra & Mahindra, India’s fifth largest commercial group, in partnership with BT Plc (BT), Europe’s second largest telecom service provider, Tech Mahindra has grown rapidly to become the 8th largest software exporter in India (Nasscom 2005).
The number of clients increased as of Q3 FY 07 were 78 and Tech Mahindra's total headcount as of Q3 FY 07 was at 17,774 .The company derives 19%, 73 % and 8% of its revenues in the current revenues from the US, Europe and ROW regions respectively.
Since 1988, Tech Mahindra has grown with 7 development centers, 12 regional offices across 5 continents. Tech Mahindra has seven state-of-the-art software development centers - one in the United Kingdom (Milton Keynes) and six in India (Mumbai, Pune, Bangalore, Chennai, Kolkata & Noida).
13 Regional Offices spread across USA, UK, Germany, UAE, Egypt, India, Singapore, Taiwan, Thailand and Australia.
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[edit] IPO
Tech Mahindra recently forayed into the public domain by releasing their IPO to fund their expansion plans. The IPO was an instant winner with 72 times over subscription and a listing gain of above 50%. The IPO has been one of the best in the current financial year with share price touching Rs.1999 from initial offering of Rs.365 within a span of 4 months.
[edit] Acquisition
On 18th January, 2007 Tech Mahindra entered into a definitive agreement to acquire Noida based iPolicy Networks Private Limited ("iPolicy"). This acquisition would be complementary to Tech Mahindra’s strong security services capabilities.
iPolicy provides next-generation, carrier-grade integrated network security solutions for enterprise and service provider customers. iPolicy’ capabilities enhance Tech Mahindra's security service offerings and enabling it to offer end to end security services to its customers; encompassing security consulting services, network security products and managed security services from its security operations centre.
[edit] Landmark Deal
Recently Tech Mahindra bagged a $1 billion deal from BT, making it the biggest IT deal ever by any Indian software company. The deal mainly lists the provision of IT services by Tech Mahindra to BT over a span of 5 years. Also Tech Mahindra is rapidly increasing its non-BT customer base by acquiring various deals from telecom vendors across the globe. The revenues of the company are believed to double in a short span of time.
[edit] Other significant events
Tech Mahindra continues to be endorsed as a thought leader in telecom industry. Frost & Sullivan awards which recognize outstanding global industry achievements, awarded Tech Mahindra the ‘Vertical Market Penetration Leadership Award in Telecom Vertical for 2006' and the 'Market Leadership Award for Offshore Security Consulting for Next Generation Network and Applications for 2006'
[edit] Future Plans
Upcoming Campus at Hinjewadi
- At the Hinjewadi Special Economic Zone in Pune
- An Integrated software development and residential complex
- Spread over 25 acres, the new state-of-the-art campus will be capable of housing more than 18,000 software engineers and will include training centres, food courts, and a sports complex.
- An additional one million sq. ft. of residential space will have a self-contained residential park consisting of over 300 apartments and 100 row houses
Residents of the campus will benefit from a great balance of work and quality of life including affordable housing, significantly reduced commute time, and a pollution free environment.
"Tech Mahindra is a leader in its field and we are pleased that they have selected Pune as the site of their first campus. As part of our effort to promote Pune as the Global IT destination of choice and thereby increase the pace of economic growth within the State, the Maharashtra Industrial Development Corporation will work closely with Tech Mahindra to make this a showcase campus," said Shri Vilasrao Deshmukh, Chief Minister of Maharashtra.
