Tech Mahindra

Tech Mahindra is a global integrator and business transformation consulting firm specialized in telecom industry.
Tech Mahindra has been the chosen transformation partner for wireline, wireless and broadband operators in Europe, Asia-Pacific and North America. Majority owned by Mahindra & Mahindra, one of the Top 10 industrial houses in India, in partnership with British Telecommunications plc (BT), world’s leading communications service provider, Tech Mahindra has grown rapidly to become the 6th largest software exporter in India (NASSCOM 2007) and the second largest telecom software provider from India (Voice & Data 2007).

Milestones:
1. 1986: Incorporation in India
2. 1987: Commencement of Business
3. 1993: Incorporation of MBT International Inc., the first subsidiary outside India.
4. 1994: Awarded ISO 9001 by BVQI.
5. Acquired Axes Technologies (India) Pvt. Ltd, including its UK and Singapore subsidiaries.
6. Name changed to Tech Mahindra. Also formed JV (Joint Venture) with Motorola under name Canvas M in the same year.
7. 2007: Acquired iPolicy Networks Ltd.
8. 2009: Tech Mahindra declared highest bidder for Satyam with an offer of Rs. 58/share for 31% stake in Satyam.

Tech Mahindra Foundation:

Founded in June 2007 to help underprivileged, especially children, as well as espouse the cause of women's empowerment in education. The Foundation also supports women empowerment programs through vocational, technical and professional education at all levels. Tech Mahindra Foundation is spawning new ways to transform society by supporting education and women empowerment programs, and bring its benefits to the displaced and dispossessed. The Foundation has tie-ups with non-governmental organizations (NGOs, not-for-profit ventures) based in Delhi-Noida, Maharashtra and Karnataka.

Revenue Graph:

During FY (Fiscal Year) 05 Tech Mahindra had 210.4 million dollar ($ mn), which went up to 648 million dollar during FY06 and much higher up to 934.7 million dollar during FY08. Due to recession in market companies revenue had decreased to 231.9 million dollar in March 09.