Shares Homepage - BSE Sensex, NSE Nifty, Latest Prices, Live News, Company Search, Result Annoucements, Company News, Top stories, Gainers Losers, Top Performers, Market Commentary, Live Quotes, Bulk Deals
India's preferred Personal finance destination
Home Shares News Centre F&O Mutual Funds IPO Portfolio Commodity Loans Financial Planning Insurance About Us
Markets Companies Research Industries E-Mail Page
Wealth Tracker      Tax Corner NRI Centre Chat Masala Feedback
my Last 5 Scrips
Company BSE Price(Rs) % Chg
Sun Phar 535.75 1.89
Bharti A 556.00 0.82
Kotak Ba 1311.20 2.30
Bajajfin 6296.00 2.68
Bajaj Au 2990.40 0.38
Clear All Clear Last
Shares
NSE Live
Nifty Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
BSE Live
BSE30 Live Prices
Live Quotes
Top Gainers/Losers
Top 10 Turnover
No Delivery Stocks
Market Pulse
Leaders
Laggards
FII Activity
Mutual Fund Activity
Meetings
Results Watch
Results Calendar
Results Announced
IPO Watch
Company
Snapshots
Quotes
Charts
Financials
Recent News
Broker Research
Meetings
Research Tutorial
Discussion Forum
Research
Research Reports
Sector Watch
Economy Watch
 
Tech Mahindra Limited
Sector:IT IT - Software - Large
BSE:532755NSE:TECHMBloomberg:TECHM@INReuters:TEML.BO
Market Lot: 1Face Value: 5ISIN Demat: INE669C01036
QuotesSnapshotChartsFinancialsResearchRecent News
Peer GroupAGM/AMMF HoldingDiscussion ForumBSE/NSE NoticesBSE/NSE Deals

 
25-May-2018
Business Profile
Incorporated in 1986 and headquartered in Pune in Maharashtra, Tech Mahindra (formerly known as Mahindra-British Telecom) is a provider of solutions and services to the telecommunications industry.

The company is a partnership between Mahindra & Mahindra and British Telecommunications plc. Tech Mahindra has software development centers across six cities in India and one in UK and 13 sales offices across America, Europe and Asia-Pacific and around 15,000 professionals servicing clients across various telecom segments. The company?s service offerings range from applications development and maintenance, solution integration, product engineering and lifecycle management and testing to high-end and value-added services, such as consulting, managed platforms and managed services.

Some of the renowned partners of Tech Mahindra includes Convergys, Siebel, LHS, Azure, Openet Telecom, jNetX Industry Consortia, OSS/J, TeleManagement Forum, Microsoft, Oracle, IBM and manu more. Tech Mahindra is ISO 9001:2000 certified and is also assessed at SEI-CMMi Level 5 and SEI-PCMMi Level 5. Tech Mahindra is also BS7799 certified across all development centers.

In November 2005, it acquired Axes Technologies (India) for USD 54 mn. Tech Mahindra?s total revenues for the year ended March 31, 2006 were Rs. 12430 million. The company recorded revenues of Rs. 6977 million and net profit of Rs.1771 million for the second quarter of FY07, a 373% growth in net profits compared to the corresponding quarter in the previous year. With its clients spread over 40 countries, Tech Mahindra has grown rapidly to become the 8th largest software exporter in India (Nasscom 2005).



Financials
The company disclosed rise of 45.71% in consolidated net profit on y-o-y basis to Rs 12.31 billion, while total income fell 100.00% y-o-y basis to Rs 0.00 million for the quarter ended March 2018.

Recent Developments
14-NOV-17
Tech Mahindra has entered into a strategic partnership with Toshiba Digital Solutions to work in the area of a smart factory.

01-AUG-17
Tech Mahindra announced a small rise in consolidated net profit for the quarter ended June 2017. During the quarter, the profit of the company rose 6.58% to Rs 7,986.00 million from Rs 7,493.00 million in the same quarter previous year.

21-JUN-17
Tech Mahindra's step down subsidiary, LCC Middle East FZ LLC has agreed to sell its 100% shareholding in LCC Pakistan to Talkpool AG, Switzerland.

29-MAY-17
Tech Mahindra disclosed a steep drop in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 32.69% to Rs 5,896.90 million from Rs 8,761.40 million in the same quarter previous year.

17-MAR-17
Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering and Huawei Enterprise Business Group (EBG) have signed a global partnership agreement.

14-MAR-17
Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has selected Jacada Inc.

08-MAR-17
Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering has taken the lead position here by setting up a state-of-the-art lab which works on technologies

07-MAR-17
Tech Mahindra, a specialist in digital transformation, consulting and business reengineering today announced that it has signed a definitive agreement to acquire CJS Solutions Group LLC, a US-based healthcare Information Technology consulting company which does business as (DBA) ''The HCI Group.''



Future Plans
The company has plans to start a development center in Hyderabad. The company has started acquiring land and is also likely to announce an MoU in the next three months. Tech Mahindra also has plans of investing Rs 1,000 million for setting up a network operation centre (NOC) in Noida and Pune and is looking at launching remote infra management services.

Tech Mahindra is planning to acquire a systems integration and network management company in Europe. The company is talking to some IT and telecom services companies in Germany and Sweden for possible acquisitions.

In Brief

 
Home | Shares | F&O | Mutual Funds | Loans | Insurance | News Centre
Wealth Tracker | Tax Corner | NRI Centre | Search in myiris | Advertise
All rights reserved. IRIS Business Services Limited
Disclaimer