Tech Mahindra

 

                                                          Tech Mahindra is an Indian multinational information technology services and consulting company founded by Anand Mahindra on 18 October 1986. The company is headquartered in Maharashtra and has a market capitalization of US $6. Tech Mahindi Company operates in 0 countries and has more than 1,58,000 employees.

                          In the list of Fortune India 500 companies of 2019, the company is ranked 5th in the information technology sector in India and 47th in the information technology sector in the world.

                        Mahindra and Mahindra jointly launched a technology firm with British Telecom in 1986. British Telecom initially held a 30% stake in Tech Mahindra, Tech Mahindra sold 55% stake along with British Telecom to Mahindra and Mahindra for Rs 451 crore. Two years later i.e. in 2012, British Telecom offered 14. 1% stake i.e. 1395 crore and in December 2012 the British telecom company exited Tech Mahindra after selling its remaining 9.1% stake.

                                         After the Satyam scam of 2008-09, Tech Mahindra had bid for Satyam Computer Services. Tech Mahindra emerged as the top bidder by offering INR 58.90 for 31% stake in the company, beating arch rival L & T. Tech Mahindra was announced in April 2009 by Satyam Computer's government-appointed board after evaluating the bids. . Their board of directors controlled subsidiary venturbay consultants pvt. ltd. of tech Mahindra ltd. ltd. Tech Mahindra was selected as the highest bidder to acquire the controlling stake in the company.

                                         

                  

    Tech Mahindra announced the merger of Tech Mahindra with Satyam Computer on 21 March 2012 after the approval of the two companies to form an information technology company. Both the companies got approval from Bombay Stock Exchange and National Stock Exchange for the merger. On 11 June 2013, the Andhra Pradesh High Court allowed the merger of Mahindra Satyam with Tech Mahindra. After this permission was obtained from the Bombay High Court. Vineet Nair had said that technical approval was required from the Register of Companies in Andhra Pradesh and Maharashtra.

        That will be completed in two to three weeks and the new merger will be in place within the week. Anand Mahindra will be the chairman of the new company with Vineet Nair as vice chairman and C. P. Guru Nani as CEO and managing director.

                   Tech Mahindra's merger with Mahindra Satyam was announced on 25 June 2013. Tech Mahindra 2. It became the fifth largest software services company in the country with a turnover of 7 billion. Tech Mahindra had posted a net profit of Rs 686 crore for the first quarter ended June 30, 2013.

             Which was more than 27% compared to the previous year. In 2014, Tech Mahindra acquired Light Bridge Communication Corporation (LCC). G is one of the largest independent telecommunications services companies in the world, operating in more than 50 countries.

                                                In 2021, Tech Mahindra partnered with US-based business intelligence analytics company Thought Schwartz. Tech Mahindra has acquired 5 new US based companies in 2021 and the value of those companies is around 230 million.