Tech Mahindra

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Overview:

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. They are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to their stakeholders.

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History

History:

Mahindra & Mahindra started a joint venture with British Telecom in 1986 as a technology outsourcing firm. In December 2012, British Telecom sold its shares to institutional investors which marked the exit of British Telecom from Tech Mahindra.

Acquisition of Satyam Computer Services Ltd.

After the Satyam scandal of 2008-09 Tech Mahindra bid for Satyam Computer Services, and emerged as a top bidder for a 31 per cent stake in the company. This was one of the largest merger deals in India's tech industry.

Tech Mahindra announced its merger with Mahindra Satyam on March 21, 2012, after the boards of the two companies gave their approval, to create a 2.5 billion $ IT Company. On June 25, 2013, Tech Mahindra announced the completion of its merger with Mahindra Satyam to create the nation's fifth largest software services company with a turnover of USD 2.7 billion.