TechMahindra

Tech Mahindra Limited is an Indian multinational provider of information technology (IT), networking technology solutions and business support services (BPO) to the telecommunications industry.[4] Tech Mahindra is a part of the Mahindra Group conglomerate. Anand Mahindra is the founder of Tech Mahindra. It is headquartered at Pune, Maharashtra, India. Tech Mahindra was ranked #5 in India's software services (IT) firms and overall #111 in Fortune India 500 list for 2012.[5] Tech Mahindra, on 25 June 2013, announced the completion of a merger with Mahindra Satyam.[6] The combined entity has 95,729 employees across 51 countries, servicing 632 customers globally. It has 15 overseas offices for BPO (business process outsourcing) operations and software development. Its revenue for 2012-13 was put at $2.7 billion (Rs. 162 billion).[7][8][9][10] Tech Mahindra has operations in more than 51 countries with 40 sales offices and 72 delivery centres. Assessed at SEI CMMi Level 5, Tech Mahindra employs 92,729 people (as of 1 August 2014) out of which software professional headcount stood at 64,095 and BPO at 21,936. History 1986 - Created as a joint venture of Mahindra & Mahindra and British Telecommunications (later BT Group).[31] 1993 - Incorporation of MBT International Inc., the first overseas subsidiary 1994 - Awarded the ISO 9009 certification by BVQI[citation needed] 1995 - Established the UK branch office 2001 - Incorporated MBT GmbH, Germany incorporated. Re-certified to ISO 9001:1994 by BVQI[citation needed] 2002 - Assessed at Level 2 of SEI CMM by KPMG. Incorporated MBT Software Technologies Pte. Limited, Singapore 2005 - Merged MBT with Axes Technologies (India) Private Limited,including its US and Singapore subsidiaries.Assessed at Level 3 of SEI CMMI by KPMG 2006 - Name changed to Tech Mahindra Limited. Assessed at Level 4 of SEI People-CMM (P-CMM) by QAI India. Raised Rs46.5 million ($1 million) from a hugely successful IPO to build a new facility in Pune, to house about 9,000 staff. Formed a JV with Motorola Inc. under the name CanvasM. 2007 - Acquired iPolicy Networks Private Limited. Launched the Tech M Foundation to address the needs of the underprivileged in our society.Assessed at Level 5 of SEI CMMI by KPMG 2009 - Tech M wins bid for fraud-hit Satyam Computer Services at Rs 58.90 per share outdoing Larsen & Toubro, the other player in the fray, which bid at Rs 45.90. Rebrands the company to Mahindra Satyam. 2012 - Tech Mahindra acquires Hutchison Global Services for $87.1 million 2012 - Tech Mahindra buys 51% stake in Comviva 2012 - Tech Mahindra acquires vCustomer BPO for $27 million 2013 - Tech Mahindra acquires Sweden-based Type Approval Lab. The lab was part of Sony Mobile Communication's internal test function and after acquisition it has become first European test lab of Tech Mahindra.[32] 2013 - On June 25, Tech Mahindra and Mahindra Satyam merging process completed and the name of the parent company was retained for the merged entity with a new logo and motto.[33] 2014 - Tech Mahindra acquires Lightbridge Communications Corporation, Global Network Leader 2015 - Tech Mahindra acquires SOFGEN Holdings, a 450-employee Swiss IT firm serving the financial services industry. Tech Mahindra offices List of IT companies in India Software companies in India Fortune India 500 Tech Mahindra Campus, HITEC City Tech Mahindra Technology Center at Bahadurpally, Hyderabad Tech Mahindra Development Center Tech Mahindra, Hyderabad Tech Mahindra Development Centre Visakhapatnam