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Tech Mahindra


About Tech Mahindra

Headquartered in Pune, Maharashtra, India, Tech Mahindra is a Global IT Solutions & Services provider with a focus on Telecom Service Providers (TSPs), Telecom Equipment Manufacturers (OEMs), Software Vendors (ISVs) and Systems Integrators (SIs). The company is amongst the top 10 Indian IT service providers. TechM is the only Indian player among the top 10 BSS vendors worldwide, as ranked by Gartner Dataquest.

Tech Mahindra acquisition of Satyam

In April 09, the company was in news for being the highest bigger for the Hyderabad-based Satyam Computer Services Limited. Tech Mahindra has bid higher than L&T amongst others. On April 16, 2009, the Company Law Board approved the stake sale to Tech Mahindra.

On April 20, 2009, Tech Mahindra said there were no plans to shift Satyam from Hyderabad to the foreseeable future and it was too early to think about change the logo.

In July 09, newspapers reported that Tech Mahindra has written to World Bank seeking an end to the eight-year ban imposed on Satyam.

In October 09, the company pulled out from BSNL project bid to make way for Mahindra Satyam.

Tech Mahindra Timeline

  • Tech Mahindra is formed in 1986 as a JV between M&M and British Telecom (BT).
  • In August 09, the company got a US$500 mn contract from Swan Telecom.
  • Etisalat DB Telecom awards BPO contract to Tech Mahindra
  • October 09: Tech Mahindra quarterly profits down by 44% but better than expected

Tech Mahindra Clients

Key clients include BT, AT&T, Alcatel, Alltel, Convergys, Motorola, O2, Etisalat DB Telecom and Vodafone.

Bombardier CS100 Aircraft's Full-Flight Simulator and Flight Training Device Certified by Transport Canada, FAA and EASA
Bombardier Commercial Aircraft and CAE announced today that Transport Canada, the US Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) have awarded Interim Level C qualification on the full-flight simulator (FFS), and qualified the flight training device (FTD) for the all-new CS100 aircraft.

Bombardier Selects Tech Mahindra as a Supplier for the C Series Aircraft's Health Management System
Bombardier Commercial Aircraft and Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering announced today that they have signed an agreement under which Tech Mahindra will develop the Aircraft Ground Support System (AGSS) for Bombardier's Aircraft Health Management System (AHMS) for the C Series family of aircraft

Sigma Systems User Conference to Feature Presentations by Liberty Global & Cox
Sigma Systems, a leader in catalog-driven omni-channel selling and fulfilment solutions for the communications, media and high-tech industries has announced that its 8th annual user conference will feature case studies from customers Liberty Global, Cox Communications and Vodafone amongst others in New Orleans on October 28th-30th.

TM Forum Honors Four Catalyst Projects at TM Forum Live! 2015
NICE, FRANCE--(Marketwired - June 04, 2015) - TM FORUM LIVE! - TM Forum the global industry association for digital business, today announced at TM Forum Live! 2015 the 2015 Catalyst Award winners

TM Forum Announces Finalists for 2015 Excellence Awards
MORRISTOWN, NJ--(Marketwired - May 14, 2015) - TM Forum, the global industry association for digital business, today announced the finalists of the 2015 TM Forum Excellence Awards

Ahlstrom Financial Statements Bulletin 2014: Operative result more than doubled in 2014
Ahlstrom Corporation STOCK EXCHANGE RELEASE January 29, 2015 at 12.00

Sharda University Receives Award for Excellence in Academics
Business Wire IndiaSharda University has been certified and awarded as Global League Institute by Great Place to Study Research Institute (GPTS) on the 19th November 2015 at prestigious House of Commons, UK, for Excellence in Academics

Tech Mahindra takes Grameen Koota Live with Temenos T24, Boosting Delivery of Financial Services to Low-income Households
Business Wire IndiaTemenos (SIX: TEMN), market-leading provider of mission-critical solutions to the financial services industry and Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering announced that they have implemented Temenos T24 for Microfinance and Community Banking for Grameen Koota Financial Services Private Limited (Grameen Koota)

ZTEsoft Partners With KPN to Realize OSS Transformation
Business Wire IndiaKPN and ZTEsoft (a subsidiary of ZTE Corporation) today announced they have signed an IT framework agreement that extends their strategic partnership into the operational support systems (OSS) domain for KPN’s operations in the Netherlands.

Zodius Technology Fund Leads a USD 20 Million Investment Round into Allygrow
Business Wire IndiaZodius Technology Fund has led a $20 million round for investing in Allygrow Technologies, an engineering services company. Along with Zodius, IT industry veteran Atul Nishar and Allygrow founder Prashant Kamat are also investing in the company. Allygrow plans to use the funds to set up its operating infrastructure, build a global team and make strategic acquisitions

Digital Transformation is not an IT Project but a Business Imperative, Say Experts at Frost & Sullivan's Digital Enterprise Transformation Summit 2015
Business Wire IndiaFrost & Sullivan successfully hosted its inaugural edition of the “Digital Enterprise Transformation Summit 2015” on June 18 in New Delhi. The Summit convened senior executives from multiple verticals to discuss on topics such as cloud, social, analytics, mobility, and digital transformation needs of an Indian enterprise today

The Crème of Indian ICT Industry Recognized and Awarded at 2015 Frost & Sullivan India ICT Awards
Business Wire IndiaFrost & Sullivan hosted the 13th edition of its ICT India Awards in New Delhi on June 18, 2015. At the awards banquet companies were honored for their outstanding achievements and success, which witnessed the assembly of some of the leading names from the country’s ICT enterprises

Kellton Tech Bullish as Third Quarter Results are Announced
Business Wire IndiaKellton Tech Solutions Limited (BSE: KELLTONTEC) announced revenue of Rs. 45.43 Crores for the quarter ended December 2014. The company has also reported a 381% increase in net profits from the last year.    Q3 highlights:   Revenue of Rs. 45.43 Crore for the quarter ended December 2014 BSE reported net profit of Rs. 4

Concorde Group Launches Epitome - The First Luxury Apartment in Electronic City (Phase 2)
Business Wire IndiaToday, Concorde Group, a premium real estate developer known for sustainability, quality and innovation launched Concorde Epitome – the first and the only luxury apartment project in Electronic City Phase 2 – South Bangalore’s IT Hub. Located on Singena Agrahara Road, Concorde Epitome sets new standard in luxury living

India’s First National Corporate Badminton Tournament—CBL to go National
Corporate Badminton League(CBL), the brand owned by Hyderabad’s Shikhara Events to take India’s first National Inter-corporate Badminton Tournament to national

Institute for Competitiveness - Mint Strategy Awards Ten Leading Enterprises of India across Different Industry Categories
The awards annually recognize and honor the best companies operating in India annually Organized by Institute for Competitiveness and their strategic partner, Mint They illumine the forces at work that demonstrate Indian firms’ competitiveness These companies not only standout in their respective industry but also equally contribute towards the prosperity of the country

Professor Michael E. Porter Addressed the Gathering at Porter Prize 2014
Analjit Singh, Shashi Ruia, CP Gurnani, Pirojshaw Sarkari, Aditya Vij, Vipul Shah, Gerd Hoefner and Sanjiv Mehta received the award on behalf of their respective enterprises Porter Prize is named after the renowned thinker, Harvard faculty member and Father of the modern strategic field Professor Michael E. Porter

India’s R&D Globalization and Services Market Set to Double by 2020 to $38 Billion
Key Findings of the Study    R&D spend continues to be on the rise with focus on building better, faster and smarter products The overall R&D spend stands at $577 Billion from just amongst the top 500 R&D spenders in the world Increased demand for embedded and software content is driving the R&D spend in Hi-Tech verticals

UST Global Participates at 2nd Annual Great Indian IT Marketing Summit
Shaun Mitra, Chief Business Officer of UST Global, an information technology solutions and services company for Global 1000 enterprises, today spoke at the 2nd Annual Great Indian IT Marketing Summit (GIMS) hosted by Paul Writer in Bangalore

Qualys Announces Third Quarter 2014 Financial Results
Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud security and compliance solutions, today announced financial results for the third quarter ended September 30, 2014. For the quarter, the Company reported revenues of $34.3 million, GAAP net income of $3.2 million, non-GAAP net income of $5.7 million, adjusted EBITDA of $9.0 million, GAAP earnings per diluted share of $0

Sigma Systems Evolve User Conference Partners With Salesforce
Sigma Systems, the leader in catalog-driven Idea-to-Install products, today announced Salesforce as the premier sponsor at Evolve, its annual user conference, taking place November 12-14th in Orlando

Ahlstrom interim report January-September 2014: Profitability improved with strong sales growth in three business areas
Ahlstrom Corporation STOCK EXCHANGE RELEASE October 24, 2014 at 12.20

Tech Mahindra Selects Qualys to Expand Global IT Security Portfolio
Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud security and compliance solutions, today announced a strategic partnership with Tech Mahindra, a multinational software services firm, to deliver industry-leading security and compliance solutions to customers around the globe.

Ahlstrom plans to transfer IT operations to Tech Mahindra
Ahlstrom Corporation PRESS RELEASE September 23, 2014 at 09.30

Mahindra Group Expands Its Footprint in the United States
Michigan Governor, Rick Snyder joined Anand Mahindra, Chairman, Mahindra Group today in Ann Arbor, to inaugurate the Mahindra GenZe electric two-wheeler facility and the North American Technical Center in Southeast Michigan. The Mahindra Group was also represented at this milestone event by Dr. Pawan Goenka, Executive Director and President - Automotive & Farm Equipment Sectors

The Smart Railways Market Report: Covers Passenger & Freight Information Systems, Traffic Management, Security Monitoring, Communications, Rail Analytics, Company Profiles and More, with Forecast
Research and Markets (http://www.researchandmarkets.com/research/vm7prt/smart_railways) has announced the addition of the "Smart Railways Market (Passenger Information Systems, Freight Information Systems, Rail Traffic Management, Operations Management, Security Monitoring, Communications, Ticketing, Rail Analytics): Worldwide Market Forecasts and Analysis to 2018" report to their offering.

Government of Maharashtra Bags Gold Award at Express IT Awards
Government of Maharashtra bagged the Gold Award in the ‘Green IT Initiative of the Year’ category in the 1st Express IT Awards. The Award, constituted by the Indian Express group, celebrates Innovation and Excellence in IT and is one of the most coveted and prestigious award in this field. The winners were selected by an eminent panel of jury comprising of Mr. Nandan Nilekani, Chairman UIDAI; Ms

Tech Mahindra Honored by AT&T as “Outstanding Supplier”
Tech Mahindra Limited, a specialist provider of solutions and services to the telecommunications industry, announced today that it has been recognized as an outstanding supplier by AT&T

Maveric Systems Augments its Leadership Team with 3 New Appointments
Maveric Systems, a leading provider of Technology Lifecycle Assurance, has augmented its Leadership Team with three new appointments in the second half of FY 13. Sridhar Parthasarathy has joined Maveric, from Tech Mahindra, as Vice President & Head, Telecom Business Unit. Ajit Kalle, previously with Tech Mahindra, has taken on the role of Vice President, Telecom – Delivery

Comviva Partners with AdaptiveMobile to Bring Next Wave in Mobile Messaging
Comviva, the global leader in providing mobile VAS solutions, today announced that it has engaged AdaptiveMobile, the world leader in mobile security, to provide operators with the most comprehensive network-based web and message content filtering solution

ITShastra Appoints Pradip Patankar as Delivery Manager
ITShastra, a software development, testing and design company for worldwide business needs and off shore project delivery, today announced the appointment of Mr. Pradip Patankar as delivery Manager. Patankar has 18 years of experience in the IT industry with prior work experience in organizations such as iGate Patni and Tech Mahindra

Wave Earns Top Honor for Research Paper on "Modernizing the Network" at DSCI's "Best Practices Meet 2013" Event
Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced that a research paper presented by CEO Steven Sprague, "Modernize the Network: Device Identity Network Meets Enterprise Needs," was singled out among half a dozen shortlisted nominations as best research paper

Wave CEO Steven Sprague to Present Paper on Modernizing the Network at the Data Security Council of India
Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, today announced that CEO Steven Sprague will present the paper, "Modernize the Network: Device Identity Network Meets Enterprise Needs" at the Data Security Council (DSCI) "Best Practices Meet" in Chennai, India on Friday, July 12.

Graduate Management Admission Council Appoints Sangeet Chowfla President and Chief Executive Officer and Successor to David A. Wilson
The Graduate Management Admission Council (GMAC), the global non-profit council of the world's leading graduate schools of business and management, today announced the appointment of Sangeet Chowfla as president to succeed David A. Wilson, who has served for the past 18 years as both president and CEO. Chowfla will join GMAC as president in September and assume the CEO role on January 1, 2014.

Funambol and Mahindra Comviva Partner to Accelerate the Growth of Personal Clouds
Funambol, the leader of white-label personal clouds, and Mahindra Comviva, the global leader in providing mobile financial and VAS solutions, today announced a partnership to help mobile service providers get to market quickly with personal cloud services

Polaris Wireless is First to Comply With India Mandate for Wireless Location Accuracy on 3G Network
Polaris Wireless, the global leader in high-accuracy, software-based wireless location solutions, today announced it has successfully completed field trials with a Tier I Indian wireless operator’s 3G network to prove compliance with India’s Department Of Telecommunications (DoT) May 2011 mandate for location-based services

Polaris Wireless Announces Compliance with India Dot Mandate for Wireless Location Accuracy
Polaris Wireless, the global leader in high-accuracy, software-based wireless location solutions, today announced it has successfully completed field trials with a major Indian wireless network operator to prove compliance with India’s Department Of Telecommunications (DoT) May 2011 mandate for location-based systems

Redknee Solutions Reports Fiscal Second Quarter 2012 Results
In the news release, "Redknee Solutions Reports Fiscal Second Quarter 2012 Results," issued earlier today by Redknee Solutions, Inc. (TSX: RKN), please be advised that in the Interim Condensed Consolidated Statement of Financial Position table, the numbers in the first two columns under "Contingent consideration" and "Deferred revenue" were reversed, as originally issued

Redknee Highlighted in Top ICT Scorecard
Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical software and solutions for communications service providers, is pleased to announce that it continues to maintain its elite status with Branham Group in its annual listing of the top 300 ICT companies in Canada

Imagine Communications' ICE Video Platform Leads the Way With Microsoft Mediaroom 2.0 Qualification
Imagine Communications, a leading innovator in advanced digital video solutions, today announced that its award-winning ICE® Video Platform IPTV transcoder is one of the few transcoding solutions to be qualified for both 1.0 and 2.0 versions of Microsoft Mediaroom Internet Protocol TV (IPTV) platform. The test was administered by Tech Mahindra Corp

Redknee Solutions Reports Fiscal First Quarter 2012 Results
Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing, charging and customer management software and solutions, reported results for the fiscal first quarter ended December 31, 2011.

Redknee and Tech Mahindra to Launch Telco-in-a-Box Solution
Redknee Solutions Inc

Imagine ICE Video Platform Certified for Microsoft Mediaroom
Imagine Communications, a leading innovator in advanced digital video solutions, today announced that its award-winning ICE® Video Platform IPTV transcoder has successfully completed qualification testing for the Microsoft Mediaroom Internet Protocol TV (IPTV) platform. The test was administered by Tech Mahindra Corp

CanvasM and Polaris Wireless Announce Strategic Partnership to Introduce High Accuracy Wireless Location Solution in India
CanvasM Technologies, Tech Mahindra’s VAS subsidiary and part of the US$ 14

Mahindra and Cisco to Collaborate in Areas Such as Smart Cities, Virtual Dealership, Sports and Entertainment, and Cloud Services
Mahindra & Mahindra Ltd. and Cisco today announced the signing of a comprehensive Memorandum of Understanding (MOU) under which the parties intend to collaborate on go-to-market strategies in areas that include smart cities, virtual dealership, sports and entertainment, and cloud services

Career Weavers to Conduct 3rd Grand Employment Fair 2011 in City on Feb 11
Career Weavers Consultants Pvt. Ltd., a leading human capital management organization based at Chandigarh, has announced that it will be conducting the 3rd Grand Employment Fair 2011 in city on Feburary 11. The day-long job fest to be conducted at Hotel Piccadilly, Sector 22, will be 2011’s first such event to be held in the region

Redknee Solutions Reports Fiscal Fourth Quarter and Record Full Year 2011 Results
Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing, charging and customer management software and solutions, reported results for the fiscal fourth quarter and full year ended September 30, 2011.

IMS Forum(R) Delivers Business Models for the Deployment of Applications Over Broadband IP Networks
The IMS Forum® (www.imsforum.org/) announced at CTIA today that it has published its Business Models for the Deployment of Applications over Broadband IP Networks Working Group document. This framework document from the Forum's Technical Working Group examines new business models and use cases for applications running over IMS, 3G and 4G networks

Etisalat DB Opens Second Customer Contact Center
Cheers Mobile Services, the GSM service from Etisalat DB Telecom Pvt. Limited (Etisalat DB), a joint venture between UAE’S largest telecom group, Etisalat and the Dynamix Balwas Group, today inaugurated its second customer contact centre in Noida, India

Europe Asia Business School hosts IIM Ahmedabad Confluence 2010 in Pune
The Europe Asia Business School played host to the Pune leg of National Business Olympiad, a flagship event of IIM-Ahmedabad Confluence, 2010.

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