View source for Tech Mahindra

{{short description|Indian multinational technology company}}
{{Use Indian English|date=June 2015}}
{{Use dmy dates|date=June 2015}}
{{Infobox company|
| logo = File:Logo-True-Colors-original.png
| type = [[public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|532755}}|{{NSE|TECHM}}|
[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}}
| area_served = Worldwide
| key_people = {{ubl| [[Anand Mahindra]] {{small|(Chairman)}} |Mohit Joshi {{small|(MD & CEO)<ref>{{cite web | url=https://www.techmahindra.com/en-in/techm-appoints-mohit-joshi-as-md-and-ceo-designate/ | title=Tech Mahindra appoints Mohit Joshi as MD & CEO designate }}</ref>}}}}
| ISIN = {{ISIN|sl=n|pl=y|INE669C01036}}
| industry = [[Information technology]]<br>[[Consulting]]<br>[[Outsourcing]]
| services = 
| revenue = {{Decrease}} {{INRConvert|52912|c}} (2024)
| operating_income = {{Decrease}} {{INRConvert|3224|c}} (2024)
| net_income = {{decrease}} {{INRConvert|2396|c}} (2024)
| assets = {{Decrease}} {{INRConvert|43423|c}}
| assets_year = 2024
| equity = {{Decrease}} {{INRConvert|27146|c}}
| equity_year = 2024
| num_employees = 138,510 (March 2024)<ref>{{Cite web|url= https://www.moneycontrol.com/news/business/earnings/tech-mahindra-ends-q3-with-4354-fewer-employees-12118321.html |title=Tech Mahindra ends Q3 with 4,354 fewer employees
|date=24 January 2024|publisher=Moneycontrol}}</ref>
| parent = [[Mahindra Group]]
| founded = {{Start date and age|24 October 1986}}
| founder = [[Anand Mahindra]]
| location = [[Pune]], [[Maharashtra]], India
| footnotes = Financials {{as of|2024|03|31|lc=y}}.<ref name="fy23">{{cite news |title=Integrated Annual Report 2022-23 |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2118bd5-8da0-419b-8892-faab9fbe51c5.pdf |access-date=25 April 2024 |work=Tech Mahindra}}</ref><ref name=p>{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2118bd5-8da0-419b-8892-faab9fbe51c5.pdf |title=TechMahindra Profit and loss statement}}</ref>
| homepage = {{URL|http://www.techmahindra.com/}}
}}

'''Tech Mahindra''' is an Indian [[Multinational corporation|multinational]] [[information technology]] services and [[consulting]] company. It was formed in 1986 as a [[joint venture]] between [[BT Group]] and [[Mahindra & Mahindra]]. Part of the [[Mahindra Group]], the company is headquartered in [[Pune]] and has its registered office in [[Mumbai]].<ref>{{Cite web |title=Tech Mahindra |url=http://www.techmahindra.com/en-in/ |access-date=January 1, 2018 |website=techmahindra.com |publisher=TechMahindra}}</ref> 

==History==

In 1986, [[Mahindra & Mahindra]] started a 60:40 [[joint venture]] technology services outsourcing firm with [[British Telecom]] named Mahindra British Telecom (MBT). In 2000, British Telecom committed business of at least ₤105 million over three years; as a consideration, British Telecom's stake in MBT increased to 43%.<ref>{{cite news |title=British Telecom commits Rs 7250/- million business to MBT over three years |url=https://www.rediff.com/money/2000/aug/30risc.htm |access-date=9 September 2024 |work=Rediff}}</ref> MBT primarily served the telecommunications industry in its early years, with British Telecom as its largest client.<ref>{{cite news |title=Tech Mahindra bags $700 mn deal from British Telecom |url=https://economictimes.indiatimes.com/tech/ites/tech-mahindra-bags-700-mn-deal-from-british-telecom/articleshow/3044721.cms |access-date=9 September 2024 |work=The Economic Times |date=16 May 2008}}</ref>

In 2006, MBT was renamed as Tech Mahindra,<ref>{{cite news |title=MBT to be renamed Tech Mahindra |url=https://www.business-standard.com/article/technology/mbt-to-be-renamed-tech-mahindra-106021400031_1.html |access-date=5 September 2024 |work=Business Standard |date=14 February 2006}}</ref> and it became a [[public company]] via an [[initial public offering]].<ref>{{cite news |title=Tech Mahindra sets IPO price band at Rs 315-Rs 365 |url=https://economictimes.indiatimes.com/markets/ipos/fpos/tech-mahindra-sets-ipo-price-band-at-rs-315-rs-365/articleshow/1815233.cms |access-date=5 September 2024 |work=The Economic Times |date=27 July 2006}}</ref> In December 2010, British Telecom sold 5.5% of its stake in Tech Mahindra to Mahindra & Mahindra for {{INR}}451 [[crore]].<ref>{{cite web|title=BT Group to exit from Tech Mahindra, directors resign|url=http://articles.economictimes.indiatimes.com/2011-12-24/news/30554758_1_bt-group-tech-mahindra-techm|publisher=Economic Times|access-date=4 July 2015|date=24 December 2011|archive-url=https://web.archive.org/web/20150705160534/http://articles.economictimes.indiatimes.com/2011-12-24/news/30554758_1_bt-group-tech-mahindra-techm|archive-date=5 July 2015|url-status=dead|df=dmy-all}}</ref> In August 2012, British Telecom sold 14.1% of its stake to institutional investors for about {{INR}}1,395 crore. In December 2012, British Telecom sold its remaining 9.1% stake to institutional investors for {{INR}}1,011.4 crore. This sale marked the exit of British Telecom from Tech Mahindra.<ref>{{cite web|title=BT exits Tech Mahindra|url=http://www.thehindu.com/business/companies/bt-exits-tech-mahindra/article4191751.ece|work=The Hindu|access-date=4 July 2015|date=12 December 2012}}</ref>

===Acquisition and merger of Satyam===
After the [[Satyam scandal]] of 2008–09, Tech Mahindra emerged as the top bidder for a 31% stake in [[Satyam Computer Services]], beating a bid from [[Larsen & Toubro]].<ref>{{cite web|url=http://ibnlive.in.com/news/tech-mahindra-wins-satyam-bid--full-coverage/90124-7.html|archive-url=https://web.archive.org/web/20090416110946/http://ibnlive.in.com/news/tech-mahindra-wins-satyam-bid--full-coverage/90124-7.html|url-status=dead|archive-date=2009-04-16|title=Tech Mahindra wins Satyam Computer bid|work=IBNLive}}</ref> After evaluating the bids, the government-appointed board of Satyam Computer announced on April 13, 2009 that it had selected Venturbay Consultants Private Limited, a subsidiary of Tech Mahindra, as the highest bidder to acquire a controlling stake in the company.<ref>{{cite news|url=https://www.indiatoday.in/headlines-today-top-stories/story/tech-mahindra-wins-satyam-bid-44197-2009-04-12|title=Tech Mahindra wins Satyam bid|website=[[India Today]]|date=12 April 2009}}</ref> After the completion of the acquisition, Satyam Computer Services was renamed Mahindra Satyam in June 2009.<ref>{{cite news |title=Satyam renamed as Mahindra Satyam |url=https://www.business-standard.com/article/companies/satyam-renamed-as-mahindra-satyam-109062200054_1.html |access-date=5 September 2024 |work=Business Standard |date=22 June 2009}}</ref>

[[Image:Anand Mahindra (1).jpg|thumb|right|Founder and chairman [[Anand Mahindra]]]]

Tech Mahindra announced its [[Tech Mahindra-Mahindra Satyam merger|merger]] with [[Mahindra Satyam]] on 21 March 2012, after getting approval of the two company boards.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2011-06-21/news/29683399_1_tech-mahindra-mahindra-satyam-mahindra-satyam-tech-mahindra-sixth-largest-software-exporter/|title=Rising wages can harm Indian IT companies: Vineet Nayyar, Vice-Chairman, Tech Mahindra|work=timesofindia-economictimes}}</ref><ref>{{cite web|url=http://www.livemint.com/2012/03/21094345/Tech-Mahindra-Satyam-get-nod.html|title=Tech Mahindra, Satyam get nod to merge}}</ref> The new organization would be led by [[Anand Mahindra]] as Chairman, [[Vineet Nayyar]] as Vice Chairman, and [[C. P. Gurnani]] as the CEO and Managing Director.<ref>{{cite web|url=http://indiatoday.intoday.in/story/m-satyam-tech-mahindra-hope-to-merge-in-four-weeks/1/279629.html|title=M-Satyam, Tech Mahindra hope to merge in four weeks|date=11 June 2013 }}</ref><ref>{{cite web|url=http://www.moneycontrol.com/news/business/will-complete-tech-mah-satyam-merger8-weeks-nayyar-_896218.html|title=Will complete Tech Mah, Satyam merger in 8 weeks: Nayyar|date=11 June 2013}}</ref><ref>{{cite news| url=http://www.thehindu.com/business/Industry/high-court-clears-merger-of-mahindra-satyam-with-tech-mahindra/article4803837.ece | location=Chennai, India | work=The Hindu | title=MSat-Tech Mahindra merger gets court nod | date=June 11, 2013}}</ref> On 25 June 2013, Tech Mahindra announced the completion of its merger with Mahindra Satyam to create India's fifth largest software services company with a turnover of $2.7 billion.<ref>{{cite web|url=http://zeenews.india.com/business/news/companies/mahindra-satyam-merges-with-tech-mahindra_78656.html |title=Mahindra Satyam merges with Tech Mahindra; becomes 5th biggest IT firm |access-date=2013-06-25 |url-status=live |archive-url=https://web.archive.org/web/20150619224313/http://zeenews.india.com/business/news/companies/mahindra-satyam-merges-with-tech-mahindra_78656.html |archive-date=19 June 2015 |df=dmy }}</ref><ref>{{cite web|url=http://www.moneycontrol.com/news/business/tech-mahindra-satyam-computer-complete-merger_905059.html|title=Tech Mahindra, Satyam Computer complete merger|date=25 June 2013}}</ref> Mahindra Satyam was suspended from trading with effect from 4 July 2013, following the merger.<ref>{{cite web|url=http://www.moneycontrol.com/news/market-news/tradingmahindra-satyam-to-be-suspendedjuly-4_908200.html|title=Trading in Mahindra Satyam to be suspended from July 4|date=29 June 2013}}</ref> After the completion of share swap,<ref>{{Cite news| url=http://www.thehindu.com/business/Industry/185-swap-for-tech-mahindra-mahindra-satyam-merger/article4849296.ece | location=Chennai, India | work=The Hindu | title=1:8.5 swap for Tech Mahindra, Mahindra Satyam merger | date=June 25, 2013}}</ref> the stock exchanges approved the trading of new shares from 12 July 2013.<ref>{{cite web|url=http://www.rediff.com/business/report/tech-mahindra-completes-share-swap-issued-capital-goes-up/20130712.htm|title=Tech Mahindra completes share swap, issued capital goes up|date=12 July 2013}}</ref><ref>{{cite news| url=http://timesofindia.indiatimes.com/business/india-business/Tech-Mahindra-completes-share-swap/articleshow/21044763.cms | work=The Times Of India | title=Tech Mahindra completes share swap&nbsp;— The Times of India}}</ref>

===Later years===
In 2014, Tech Mahindra acquired Lightbridge Communications Corporation (LCC), a telecom services company. In 2015, Tech Mahindra acquired SOFGEN Holdings, a Swiss IT firm in the financial services industry.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2015-01-09/news/57883595_1_tech-mahindra-lightbridge-communications-gurnani|title=?Tech Mahindra to acquire Swiss firm SOFGEN Holdings|work=timesofindia-economictimes|access-date=15 January 2015|archive-url=https://web.archive.org/web/20150114032047/http://articles.economictimes.indiatimes.com/2015-01-09/news/57883595_1_tech-mahindra-lightbridge-communications-gurnani|archive-date=14 January 2015|url-status=dead|df=dmy-all}}</ref> Tech Mahindra purchased a controlling stake in [[Pininfarina]] S.p.A., an Italian automotive and industrial design company.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2015-12-14/news/69033382_1_tech-mahindra-debt-restructuring-design|title=Tech Mahindra set to acquire Italian car design company Pininfarina|work=timesofindia-economictimes|access-date=22 December 2015|archive-url=https://web.archive.org/web/20151223040737/http://articles.economictimes.indiatimes.com/2015-12-14/news/69033382_1_tech-mahindra-debt-restructuring-design|archive-date=23 December 2015|url-status=dead|df=dmy-all}}</ref> Tech Mahindra announced the launch of its Automation Framework AQT (Automation, Quality, Time).<ref>{{cite web|url=http://www.business-standard.com/article/companies/tech-mahindra-aims-10-productivity-improvement-with-new-automation-platform-115122200882_1.html|title=Tech Mahindra rolls out automation tool to boost productivity|author=Bibhu Ranjan Mishra|date=23 December 2015}}</ref> By March 2016, Tech Mahindra's post-tax earnings had surpassed that of M&M.<ref>{{Cite web|title=TECHM Shareholding Pattern - Tech Mahindra Ltd Stock|url=https://fintel.io/so/in/techm|access-date=2020-06-28|website=fintel.io|language=en}}</ref>

In September 2019, Tech Mahindra acquired BORN Group, a [[New York City]]–based digital content and production agency, for $95 million in an all-cash deal.<ref>{{Cite web|url=https://www.livemint.com/companies/news/tech-mahindra-acquires-born-group-for-95-million-11572959869569.html|title=Tech Mahindra acquires New York-based BORN Group for $95 million|last=Sriram|first=M.|date=2019-11-05|website=Mint|language=en|access-date=2019-11-26}}</ref> The company was ranked #5 in [[List of Indian IT companies|India's IT firms]] and overall No. 47 on [[Fortune India 500]] list for 2019.<ref>{{Cite web|url=https://www.fortuneindia.com/fortune-500/company-list/tech-mahindra?year=2019|title=Tech Mahindra - Fortune 500 List 2019|website=Fortune}} {{Webarchive|url=https://web.archive.org/web/20220302135619/https://www.fortuneindia.com/fortune-500/company-list/tech-mahindra?year=2019 |date=2 March 2022 }}</ref>

In March 2021, Tech Mahindra partnered with US-based business intelligence analytics company [[ThoughtSpot]].<ref>{{Cite news|title=Tech Mahindra partners with ThoughtSpot for AI-driven analytics|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-partners-with-thoughtspot-for-ai-driven-analytics/articleshow/81344995.cms|access-date=2021-03-09}}</ref>  

In October 2022 Tech Mahindra acquired 26% equity shares in Upendra Singh Multi Transmission Private Limited, allowing the company to procure 1.5 MW of [[solar energy]] for its facilities in Noida.<ref>{{Cite web |title=Tech Mahindra to acquire 26% in Upendra Singh Multi Transmission |url=https://www.indiainfoline.com/article/news-top-story/tech-mahindra-to-acquire-26-in-upendra-singh-multi-transmission-122102700022_1.html |access-date=2022-10-28 |website=www.indiainfoline.com |language=en}}</ref>

In 2023, Tech Mahindra and [[FIDE]] organized the [[Global Chess League]], an over-the-board [[rapid chess]] league.<ref>{{Cite web |title=FIDE and Tech Mahindra Announce Dates for First & Biggest Global Chess League |url=https://www.fide.com/news/2293 |access-date=2023-08-06 |website=www.fide.com |language=en}}</ref><ref>{{Cite news |title=Tech Mahindra, FIDE join hands for franchisee-based chess competition |work=[[Business Standard]] |url=https://www.business-standard.com/companies/news/tech-mahindra-fide-join-hands-for-franchisee-based-chess-competition-123050400859_1.html}}</ref>

==Acquisitions==
{| class="wikitable"
|+
! Year !! Company !! Country !! Industry !! Acquisition cost
|-
| 2005 || Axes Technologies<ref>{{cite news |title=Mahindra British buys Axes Tech for $54m |url=https://economictimes.indiatimes.com/mahindra-british-buys-axes-tech-for-54m/articleshow/1298250.cms |access-date=9 September 2024 |work=The Economic Times |date=17 November 2005}}</ref> || United States || Telecom engineering || align="right" | $54 million
|-
| 2007 || iPolicy Networks<ref>{{cite news |title=Tech Mahindra buys US co iPolicy Inc |url=https://www.rediff.com/money/2007/jan/18tech1.htm |access-date=9 September 2024 |work=Rediff}}</ref> || United States || Network security || align="right" | Undisclosed
|-
| 2009-13 || [[Satyam Computer Services]]<ref>{{cite news |title=Tech Mahindra completes Satyam merger |url=https://www.vccircle.com/tech-mahindra-completes-satyam-merger |access-date=9 September 2024 |work=VCCircle}}</ref> || India || IT services || align="right" | $1.75 billion
|-
| 2012 || Hutchinson Global Services<ref>{{cite news |last1=Shivapriya |first1=N. |title=Tech Mahindra announces acquisition Hutchison Global Services for $ 87 million |url=https://economictimes.indiatimes.com/tech/ites/tech-mahindra-announces-acquisition-hutchison-global-services-for-87-million/articleshow/16249039.cms |access-date=5 September 2024 |work=The Economic Times |date=4 September 2012}}</ref> || United States || Business process outsourcing || align="right" | $87 million
|-
| 2012 || [[Comviva]]<ref>{{cite news |title=Tech Mahindra buys 51% of Bharti Group’s mobile VAS firm Comviva for $48M |url=https://www.vccircle.com/tech-mahindra-buys-51-bharti-groups-mobile-vas-firm-comviva-48m |access-date=5 September 2024 |work=VCCircle}}</ref> || India || Telecom VAS || align="right" | $48 million
|-
| 2014 || Lightbridge Communications Corporation (LCC)<ref>{{cite news |title=Tech Mahindra acquires 100% stake in Lightbridge Communications |url=https://www.livemint.com/Companies/3UHrEWFftiQd6RrqL8QrTJ/Tech-Mahindra-acquires-100-stake-in-Lightbridge-Communicati.html |access-date=5 September 2024 |work=Mint}}</ref> || United States || Telecom network services || align="right" | $240 million
|-
| 2015 || SOFGEN Holdings<ref>{{cite news |title=Tech Mahindra acquires SOFGEN to boost banking business |url=https://www.livemint.com/Companies/zixOflIUv0BP9tYOF4F26K/Tech-Mahindra-buys-SOFGEN-to-boost-banking-business.html |access-date=5 September 2024 |work=Mint}}</ref> || Switzerland || Banking technology consulting || align="right" | Undisclosed
|-
| 2015 || [[Pininfarina]]<ref>{{cite news |last1=Merchant |first1=Akbar |title=Mahindra acquires Pininfarina design house |url=https://www.autocarindia.com/car-news/mahindra-acquires-pininfarina-design-house-399163 |access-date=5 September 2024 |work=Autocar India |date=14 December 2015 |language=en}}</ref> || Italy || Automotive design engineering || align="right" | €168 million
|-
| 2016 || Target Group<ref>{{cite news |title=Tech Mahindra to acquire UK’s Target Group for up to $175 mn |url=https://www.vccircle.com/tech-mahindra-acquire-uks-target-group-175-million |access-date=5 September 2024 |work=VCCircle}}</ref> || United Kingdom || Business process outsourcing || align="right" | £120 million
|-
| 2016 || The Bio Agency{{cn|date=September 2024}} || United Kingdom || Digital consulting || align="right" | £45 million
|-
| 2017 || HCI Group (CJS Solutions Group)<ref>{{cite news |last1=Usmani |first1=Azman |title=Tech Mahindra To Acquire U.S.-Based Healthcare IT Consulting Firm, HCI Group |url=https://www.ndtvprofit.com/business/tech-mahindra-to-acquire-us-based-healthcare-it-consulting-firm-hci-group |access-date=5 September 2024 |work=NDTV Profit |date=6 March 2017 |language=en}}</ref> || United States || Healthcare technology || align="right" | $89.5 million
|-
| 2019 || DynaCommerce<ref>{{cite news |title=Tech Mahindra to acquire Dynacommerce Holding |url=https://timesofindia.indiatimes.com/business/india-business/tech-mahindra-to-acquire-dynacommerce-holding/articleshow/67796403.cms |access-date=5 September 2024 |work=The Times of India |date=1 February 2019}}</ref> || Netherlands || Telecom software services || align="right" | €15 million
|-
| 2019 || Mad*Pow<ref>{{cite news |title=Tech Mahindra to buy 65 pc stake in Mad*Pow for USD 17 million |url=https://www.business-standard.com/article/pti-stories/tech-mahindra-to-buy-65-pc-stake-in-mad-pow-for-usd-17-million-119081300482_1.html |access-date=5 September 2024 |work=Business Standard}}</ref> || United States || Design consultancy || align="right" | $17 million
|-
| 2019 || BORN Group || United States || Content agency || align="right" | $90 million
|-
| 2020 || Zen3 Infosolutions<ref>{{cite news |title=Tech Mahindra to acquire Zen3 Infosolutions for Rs 460 crore in all-cash deal |url=https://www.businesstoday.in/latest/corporate/story/tech-mahindra-to-acquire-zen3-infosolutions-for-rs-460-crore-in-all-cash-deal-250657-2020-02-24 |access-date=5 September 2024 |work=Business Today |date=24 February 2020 |language=en}}</ref> || United States || Enterprise software || align="right" | $64 million
|-
| 2021 || DigitalOnUs<ref>{{cite news |title=Tech Mahindra acquires DigitalOnUS for $120 million |url=https://www.thehindubusinessline.com/info-tech/tech-mahindra-acquires-entire-stake-in-digitalonus/article34365967.ece |access-date=5 September 2024 |work=BusinessLine |date=20 April 2021 |language=en}}</ref> || United States || Cloud and DevOps services || align="right" | $120 million
|-
| 2021 || Eventus Solutions Group<ref>{{cite news |title=Tech Mahindra to acquire Eventus Solutions Group for up to $44 million |url=https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-to-acquire-eventus-solutions-group-for-up-to-44-million/articleshow/82261217.cms |access-date=5 September 2024 |work=The Economic Times |date=26 April 2021}}</ref> || United States || CX consulting || align="right" | $44 million
|-
| 2021 || Brainscale<ref>{{cite news |title=Tech Mahindra acquires US cloud consulting firm Brainscale |url=https://www.business-standard.com/article/news-cm/tech-mahindra-acquires-us-cloud-consulting-firm-brainscale-121062800461_1.html |access-date=5 September 2024 |work=Business Standard}}</ref> || United States || Cloud consulting || align="right" | $28.8 million
|-
| 2021 || Lodestone (Infostar)<ref>{{cite news |title=Tech Mahindra acquires Lodestone, WMW |url=https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-acquires-lodestone-wmw/articleshow/87260603.cms |access-date=5 September 2024 |work=The Economic Times |date=25 October 2021}}</ref> || United States || Product engineering || align="right" | $105 million
|-
| 2021 || Activus Connect<ref>{{cite news |title=Tech Mahindra buys Activus |url=https://www.livemint.com/companies/news/tech-mahindra-acquires-100-stake-in-activus-connect-for-62-million-11638545377411.html |access-date=5 September 2024 |work=Mint}}</ref> || United States || CX technology || align="right" | $62 million
|-
| 2021 || Allyis Group<ref>{{cite news |title=Tech Mahindra to acquire 100% stake in US-based Allyis Group |url=https://www.livemint.com/companies/news/tech-mahindra-to-acquire-100-stake-in-us-based-allyis-group-11640925605137.html |access-date=5 September 2024 |work=Mint}}</ref> || United States || IT consulting || align="right" | $125 million
|-
| 2022 || Com Tec Co (CTC)<ref>{{cite news |title=Tech Mahindra Acquires Com Tec Co IT Ltd and invests in two InsurTech platforms |url=https://economictimes.indiatimes.com/markets/companies/tech-mahindra-acquires-european-tech-firm-for-eur-310-mn/articleshow/88954235.cms |access-date=5 September 2024 |work=The Economic Times |date=17 January 2022}}</ref> || Cyprus || IT consulting || align="right" | €310 million
|-
| 2022 || Thirdware<ref>{{cite news |title=Tech Mahindra to completely acquire Thirdware for Rs 320 cr |url=https://www.business-standard.com/article/companies/tech-mahindra-to-completely-acquire-thirdware-for-rs-320-cr-122031200935_1.html |access-date=5 September 2024 |work=Business Standard}}</ref> || India || Enterprise software || align="right" | $42 million
|-
|}

==Locations==
Tech Mahindra has offices in around 50 countries.<ref>{{cite web|url=https://www.techmahindra.com/contact-us/ |title=Tech Mahindra > Location Details  |access-date=2012-10-01}}</ref>

==See also==
{{Portal|Companies}}
* [[Big Tech (India)]]
* [[List of Indian IT companies]]
* [[Fortune India 500]] 
* [[Software industry in Telangana]]

==References==
{{Reflist|30em}}

==External links==
* {{Official website}}

{{Mahindra Group}}
{{Nifty 200 companies}}
{{BSE Sensex}}
{{CNX Nifty companies}}
{{Major information technology consulting and outsourcing companies}}
{{Contract research organization|state=collapsed}}

[[Category:International information technology consulting firms]]
[[Category:Information technology consulting firms of India]]
[[Category:Software companies of India]]
[[Category:Companies established in 1986]]
[[Category:Financial services companies based in Pune]]
[[Category:Outsourcing companies]]
[[Category:Outsourcing in India]]
[[Category:Mahindra Group]]
[[Category:1986 establishments in Maharashtra]]
[[Category:Information technology companies of Bhubaneswar]]
[[Category:Information technology companies of India]]
[[Category:NIFTY 50]]
[[Category:BSE SENSEX]]