With a wide variety of innovative products and services, this company is leading the wave of digital transformation in India and across borders too. From its roots as a telecom-focused IT company, it has transformed into a leading force in digital transformation, AI, and enterprise solutions. By offering advanced solutions to businesses in telecom, healthcare, and more, Tech Mahindra is redefining how companies across the world connect. Currently in 6th rank among the top 10 Nifty IT companies, it continues to nurture young tech talent in India.
How did Tech Mahindra company actually kickstart their operations in India?
What is Tech Mahindra history, from its founding to global expansion?
Let us read it today!
Tech Mahindra History: Over 40 Years of Digital Transformation
Tech Mahindra history dates back to the year 1986 when Mahindra British Telecom (MBT) was incorporated. This was the result of a joint venture between Mahindra & Mahindra and British Telecom.
Just a year later, MBT kicked off its business, and in the same month, Satyam Computer Services became a private limited company. By 1991, Satyam became a public limited company and entered the Bombay Stock Exchange (BSE).
In 1999, Satyam Infoway (Sify) became the first Indian internet company to be listed on NASDAQ. In the year 2001, Satyam’s success story continued when it was listed on the New York Stock Exchange (NYSE).
In 2005, Tech Mahindra’s global development centre opened in Melbourne, Australia, marking its expanding presence. A year later came a milestone in Tech Mahindra history.
The name Mahindra British Telecom was replaced with Tech Mahindra Limited.
Tech Mahindra entered into a joint venture with Motorola Inc. under the name CanvasM. Around this time, in 2006, Tech Mahindra launched its foundation.
By 2007, Satyam earned the prestigious title of the official IT services provider for the FIFA World Cup 2010. In 2009, Tech Mahindra acquired a controlling stake in Satyam, rebranding it as ‘Mahindra Satyam’ while also branching into the aerospace sector.
In 2012, Tech Mahindra Company announced the merger with Mahindra Satyam. This year also saw the acquisition of Comviva Technologies Limited. The merger was completed in 2013.
2015 brought more acquisitions for the Tech Mahindra owner, including Geneva-based SOFGEN Holdings and a controlling stake in the iconic design firm Pininfarina.
The following year, Tech Mahindra made waves with the acquisition of Target Group, a leading mortgage platforms company, and The BIO Agency, a digital change agent. Collaborating with WSJ Custom Studios, Tech Mahindra launched the ‘In the Future’ portal in 2016, pushing the boundaries of digital innovation.
Innovation continued in 2017 with the launch of Makers Lab, a space to boost collaboration with academia, startups, and consumers. This was followed by the acquisition of The HCI Group, a US-based healthcare IT services firm. 2018 was another big year, with Tech Mahindra being ranked among the ‘Top 15 Public Companies Shaping the Digital Economy’ by Forbes and acquiring a 17.5% stake in Altiostar Networks.
Tech Mahindra kept expanding its digital capabilities in 2019 with some more strategic acquisitions. These included THE BORN agency, MadPow, Dynacommerce, and Zen3 Infosolutions.
The company also launched initiatives like ‘The Efficacy Index’ at Davos.
In 2020, Tech Mahindra acquired Momenton and Tenzing Ltd. to enhance its financial services capabilities. It was recognised as a leader in the Dow Jones Sustainability World Index for the sixth consecutive year.
By 2021, Tech Mahindra acquired DigitalOnUs and Activus Connect and received HRH The Prince of Wales Terra Carta Seal for its commitment to sustainability. The company also continued its dominance in the Dow Jones Sustainability World Index for the seventh year in a row. Additionally, Tech Mahindra acquired a majority stake in Perigord Asset Holdings to bolster its expertise in pharmaceuticals and life sciences.
In 2022, Tech Mahindra was recognised in the Bloomberg Gender-Equality Index for the third year in a row and was named the ‘Fastest Growing Organization in Brand Strength’ by Brand Finance. Tech Mahindra also made its mark as the only Indian company in the Forbes Blockchain 50 list. It also unveiled the Telco Smart Analytics Lab dedicated to Google Cloud in Milton Keynes, UK.
As of 2023, Tech Mahindra has continued to innovate. In partnership with FIDE, it announced the dates for the first-ever Global Chess League.
In January 2025, the company was recognised among the Top 10 Global IT Services Brands. It also expanded its innovation capabilities by establishing a Manufacturing Experience Center in Chennai. Additionally, its expertise in consulting was recognised with Guidewire PartnerConnect Consulting Program Specializations for North America and APAC.
Recently, SC Ventures and Yabx, a Tech Mahindra Group company, invested $10 million to establish Furaha, a project focused on expanding access to purpose-driven financing in Africa. Additionally, the company launched the ‘Tech Adoption Index’ report in collaboration with Wall Street Journal Intelligence at WEF 2025.
About Tech Mahindra Limited
Tech Mahindra is a leading global consulting service and systems integrator, delivering innovative digital solutions across over 90 countries. As of 2025, the company partners with multiple enterprises to bring digital transformation and future-ready solutions.
Tech Mahindra Market Cap– ₹ 1,61,609 Cr.- (as of Jan 30th, 2025)
Tech Mahindra Stock information– (as of Jan 30th, 2025)
BSE: 532755
NSE: TECHM
Tech Mahindra Share Price- ₹ 1,650
Tech Mahindra Ltd: A Closer Look at Its Q3 Performance
Tech Mahindra recently announced its financial results for the quarter ending December 31, 2024.
- Tech Mahindra’s profit after tax (PAT) increased by 92.6% year-on-year (YoY) to ₹983 crores.
- Profit margins improved by 3.5% compared to last year.
- Tech Mahindra revenue stood at $1,567 million (approx. ₹13,000 crores).
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 54.7% YoY to $213 million
- It secured new deals worth $745 million this quarter.
Here are some key statistics that define Tech Mahindra:
- USD 6.20+ Billion in total revenue
- 140,000+ associates
- 1,030+ global customers
- Operations in 84+ countries
Tech Mahindra Products and Services
| Strategy & Consulting, Cloud Consulting, Business Excellence, Digital Supply Chain, Application Services, ADMS, Intelligent Automation, Testing Services, Performance Engineering, Cloud & Infrastructure Services, Engineering Services, Network Services, Data Analytics, Artificial Intelligence, Digital Enterprise Applications, SAP, Service Now, Oracle, Salesforce, Pega, Microsoft Business Applications, Business Process Services, Experience Services, Next Gen Services, Cyber Security, Blockchain, Metaverse, Sustainability Services |
Tech Mahindra Industries
| Banking & Financial Services, Communications, Energy & Utilities, Healthcare & Life Sciences, Hi Tech, Insurance, Manufacturing, Media & Entertainment, Oil & Gas, Private Equity, Professional Services, Retail & Consumer Goods, Travel, Transportation, Logistics & Hospitality |
Tech Mahindra Subsidiary Companies:
| Pininfarina, Comviva, CTC, HCI Group, BORN Group, Perigord, Target Group, Altavec, Eventus, Tenzing, Cerium Systems, Allyis, Citisoft. |
Tech Mahindra Foundation: Empowering Communities Through Education & Inclusion
Tech Mahindra Foundation is the CSR arm of Tech Mahindra, which has been working since 2006 to support education, employability, and disability inclusion. It focuses on empowering women, youth, and persons with disabilities through various programs. The foundation aligns its initiatives with the United Nations Sustainable Development Goals (SDGs).
So far, it has trained over 156K youth, supported 48K teachers, and benefited 166K children. Employees actively volunteer in teaching, mentoring, and community activities. The foundation’s vision is “Empowerment through Education”!
Tech Mahindra’s 3-4-3 Initiative: A Simple Way to Make a Big Impact
Tech Mahindra’s 3-4-3 initiative promotes sustainability and social responsibility. It encourages employees to plant 3 trees, take 4 carpools, and dedicate 3 hours to volunteering. This initiative helps reduce carbon footprints, supports green living, and fosters community engagement. Employees can participate through tree plantations, shared transport, and volunteering programs.
A simple step towards a better future!
Tech Mahindra Limited: FAQs
Tech Mahindra Ltd is a global IT services company that provides a wide range of technology solutions, including IT consulting, software development, cloud computing, AI, and digital transformation services.
Tech Mahindra offers IT services, business consulting, enterprise solutions, software development, cloud services, cybersecurity, and digital transformation solutions to industries like banking, healthcare, telecom, and retail.
The share price of Tech Mahindra is ₹1690 as of Jan 30th, 2025.
Tech Mahindra is a multinational technology and consulting company specializing in IT services, digital transformation, and business outsourcing.
Tech Mahindra is owned by the Mahindra Group, with Anand Mahindra being one of the key figures in the company.
Tech Mahindra offers products and services related to IT solutions, enterprise software, cloud platforms, cybersecurity tools, and industry-specific services, including solutions for the telecom, banking, and healthcare sectors.
As of Jan 30, 2025, the Tech Mahindra market cap is 1,61,609 Cr.
Tech Mahindra was founded in 1986 as a part of the Mahindra Group. The company initially focused on IT services and expanded into new markets through acquisitions and partnerships.
Source: Screener
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.