Tech Mahindra
Tech Mahindra, founded in 1986, has grown into a global IT and business process outsourcing giant, making significant contributions to the technological landscape of Pune. A part of the Mahindra Group, Tech Mahindra’s global presence underscores its commitment to delivering transformative digital solutions.
Information |
Details |
Industry | Information technology (IT) Services and Consulting |
Year Founded | 1986 |
Headquarters | Mumbai, India |
CEO | Mohit Joshi |
Employees | 150,000+ |
Website | https://www.techmahindra.com/ |
Stock Symbol (BSE) | TECHM |
Stock Symbol (NSE) | TEMC |
Market Capitalization | INR 1,24,879.16 Crore |
Key Products/Services | Software Services, Cloud Computing, Network Solutions, Business Process Outsourcing (BPO) |
Recent Performance | Revenue for FY 2022-23 was INR 23,930 crore, with a growth of 18.1% year-on-year. Net profit for FY 2022-23 was INR 8,428 crore, increasing by 23.8% year-on-year. |
Key Strengths | Strong brand recognition, High-caliber talent pool with expertise |
Key Challenges | Intense Competition,Reliance on the US and European markets, which are susceptible to economic downturns. |
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Noida has become a booming hub for Information Technology (IT) industries in India’s National Capital Region (NCR). With its strategic location and impressive infrastructure, Noida is well-equipped to rival Silicon Valley. This makes it an attractive destination for multinational corporations as well as small startups. This is why Noida is often considered a top destination for IT companies.
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