Tech Mahindra is an Indian multinational information technology services and consulting company. ... The company ranked #5 in India's IT firms and overall #47 in Fortune India 500 list for 2019. On 25 June 2013, Tech Mahindra announced the completion of a merger with Mahindra Satya.
Tech Mahindra creates aesthetic customer engaging products, smart devices and direct to customer equipment that provides insight into consumer's mind, driven by Technologies like IoT, AR, VR, MR, Artificial Intelligence and Computer vision.
At Tech Mahindra, we live the philosophy of connected world and connected experiences. We thrive on change that is powered by the intelligent symphony of technology and humans designing meaningful and sustainable experiences. Consumer 'experiences' are driving and disrupting industries like never before.
Tech Mahindra is a USD 4.9 billion company with 131,500+ professionals across 90 countries, helping 946 global customers including Fortune 500 companies. Their Business Process Outsourcing arm is called Tech Mahindra Business Process Services which provides Next Gen Digital Customer Experience & Back Office services across industries, which include Communication, Media & Entertainment, Retail & CPG, Healthcare & Life Science, Banking & Financial Services, Transport, Hospitality & Logistics and Manufacturing & Utilities.
Mahindra & Mahindra started a joint venture with British Telecom in 1986 as a technology outsourcing firm. British Telecom initially had around 30 percent stake in Tech Mahindra. In December 2010, British Telecom sold 5.5 per cent of its stake in Tech Mahindra to Mahindra & Mahindra for Rs 451 crore. In August 2012, British Telecom sold 14.1 per cent of its stake to institutional investors for about Rs 1,395 crore. In December 2012, British Telecom sold its remaining 9.1 per cent (11.6 million shares) shareholding to institutional investors for a total gross cash proceeds of Rs 1,011.4 crores. This sale marked the exit of British Telecom from Tech Mahindra.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs, 142531.13 Crore) operating in IT Software sector.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2021.
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs, 11673.90 Crore, up 4.57 % from last quarter Total Income of Rs, 11163.40 Crore and up 18.30 % from last year same quarter Total Income of Rs 9868.00 Crore. The Company reported net profit after tax of Rs, 1378.90 Crore in the latest quarter.
Investment Rationale
Rounding bottom chart formation on daily charts suggests counter is gaining traction for a fresh up move.
Promoter/FII Holdings
Promoters held a 35.67 per cent stake in the company as of 31-Dec-2021, while Fins owned 35.36 per cent, Dies 17.23 per cent.
The changes that have been unfolding in the pandemic are not evolutionary, but revolutionary. And now, we are geared to help our customers revolutionize their businesses with next-gen technologies that power our solutions. With NXT.NOW™, we are ready to imagine the future that we can deliver on, Build solutions that are unique, and run the systems of the tomorrow efficiently today.
At Tech Mahindra, we live the philosophy of connected world and connected experiences. We thrive on change that is powered by the intelligent symphony of technology and humans designing meaningful and sustainable experiences. Consumer 'experiences' are driving and disrupting industries like never before.
You must be logged in to post a comment.