The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…
Indian tech company, Tech Mahindra recently announced that it has signed an agreement to acquire a 100% stake in US-based Zen3 Infosolutions for $64mn (approx ₹460Cr) in an all-cash deal. With headquarters in Seattle, Zen3 has offices in Dublin, Hyderabad, Visakhapatnam, and Bengaluru with over 1,300 employees. Talking to the Press Trust of India, Vivek…
Tech Mahindra, a digital transformation, consulting and business re-engineering services and solutions provider, has announced the launch of a dedicated Google Cloud Center of Excellence (COE) to drive digital transformation of enterprises globally. Established in Hyderabad, the COE will provide enterprises with access to the technology and services they need to expedite their cloud migration,…
In line with its HR transformation initiatives – Tech Mahindra has put in place new policies towards enabling better diversity and inclusion at workplace. One of their key initiative towards ensuring an inclusive workplace has been to allow same-sex couples 12 weeks of paid adoption leave. Their parenting policies support parents irrespective of their gender and allows new parents to spend more time with their newborns in their first year of parenthood.
The company has also put in place policies to provide for flexibility at work, work from home policies for new parents, and support groups for returning mothers, cancer patients and survivors.
Tech Mahindra has acquired Born Group, a global digital & content production agency, owned by PE firms True North Capital and Zodius Capital. The deal is valued at $95 million, and is an all-cash deal. As per the deal terms – Tech Mahindra Limited will acquire the Indian subsidiary of Born Group, Born Commerce Private…
Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has signed a Memorandum of Understanding (MoU) with College of Engineering and Technology (CET), Bhubaneswar to set up a Center of Excellence (CoE) within the college campus to train young graduates in the field of Artificial Intelligence (AI). The…
Tech Mahindra Limited, and Mahindra Satyam, a leading global consulting and IT services provider today announced the formal amalgamation of Mahindra Satyam with Tech Mahindra. The merged entity has evolved as a technology services powerhouse, with revenues of USD 2.7 Billion, a team of 84,000 professionals servicing 540 customers across 46 countries. The merged entity…
Tech Mahindra Limited, has appointed Milind Kulkarni as Chief Financial Officer, and Manoj Bhat as Deputy Chief Financial Officer. Sonjoy Anand, who has served as Chief Financial Officer of Tech Mahindra moves on having decided to pursue opportunities internationally. “I would like to thank Sonjoy, who has been a key member of the Management Team…
CP Gurnani has been appointed as the Managing Director of Tech Mahindra, in the company’s Board meeting which was held in Mumbai on August 10, 2012. He has played a pivotal role in the three year transformational journey of Mahindra Satyam and is spearheading the eventual merger with Tech Mahindra. "From establishing Tech Mahindra as…
Noida, May 23, 2012: Tech Mahindra, a global systems integrator and business transformation consulting services firm exclusively focused on the telecommunications industry, announced the launch of its new delivery and development centre in Noida, Uttar Pradesh, India. The new facility was inaugurated by Anand Mahindra, Chairman, Tech Mahindra, in the presence of the Board of…
The Boards of Directors of Tech Mahindra Limited (“Tech Mahindra”) and Satyam Computer Services Limited, (“Mahindra Satyam”), in their respective meetings held today, approved a proposal to merge Mahindra Satyam with Tech Mahindra along with certain wholly owned subsidiaries of Mahindra Satyam and Tech Mahindra. The Tech Mahindra & Mahindra Satyam merger heralds the creation…