A study on Services of Tech Mahindra

S. Harshith M.
2019 Zenodo  
Tech Mahindra limited Business method Outsourcing is an Indian multinational provider of information technologys(IT), networking technology solution and Business process outsourcing (BPO) to numerous trade verticals and horizontals. Anand mahindra is the Chairman of tech Mahindra, which is headquartered is at Pune and has its registered workplace in Mumbai. Part of the Mahindra Group, Tech Mahindra is an US$4.7 billion company with over 113,550 employees in 90 countries Tech Mahindra was ranked
more » ... 5th in India's software services firms and overall 111th in Fortune india's five hundred list for 2012. Tech Mahindra, on 25th June 2013, announced the completion of merger with Mahindra Satyam. Mahindra & Mahindra started venture with British telecom in 1986 as technology outsourcing firm. British telecom initially had around 30 % stake within the tech Mahindra company. In december 2010, British telecom sold five.5 per cent of its stake in Tech Mahindra to Mahindra & Mahindra for Rs 451 crores. In Aug 2012, British Telecom sold 14.1 per cent of its stake to institutional investors for about Rs 1,395 crores. In Dec 2012, British Telecom sold its remaining 9.1 per cent (11.6 million share) shareholding to institutional investors for a total gross cash proceeds of Rs 1,011.4 crores. This sales marked the exit of British telecom from tech Mahindra. Tech Mahindra declared its merger with the Mahindra Satyam on March twenty one, 2012, after the boards of the two companies gave their approval, to create 2.5 billion $ IT Companys. The two corporations had received the go-ahead for the merger from bombay stock exchange and therefore the National stock exchange. On June 11th, 2013, andhra pradesh state supreme court gave its approval for the merger of Mahindra Satyam with tech Mahindra, once the bombay state supreme court had already gi [...]
doi:10.5281/zenodo.3237406 fatcat:y3nx73ebhfedpnklsjlpbw7vna