Tech Mahindra: Mahindra Group & IT Services

Tech Mahindra

Tech Mahindra is a leading IT services, consulting and business solutions provider that seeks to accelerate digital transformation for their customers. They have global presence across over 50 countries, with a focus on providing innovative technology solutions to the world’s most demanding problems. Whether you need help with your digital strategy or are in search of an innovative new solution, Tech Mahindra is worth exploring. In this blog post, we will take a deep dive into what makes Tech Mahindra stand out from the competition, and how they can help your business succeed.

Mahindra Group | Mahindra Rise

The Mahindra Group is an Indian conglomerate with interests in a number of sectors, including automotive, information technology, hospitality, and real estate. The group was founded in 1945 as a steel trading company, and has since grown to become one of the largest and most diversified businesses in India.

The group’s flagship company, Tech Mahindra, is a leading provider of Information Technology (IT) solutions and services. With over 140,000 employees spread across 90 countries, Tech Mahindra is a trusted partner to some of the world’s largest businesses.

The Mahindra Group has always been at the forefront of innovation and technology. In recent years, the group has made significant investments in electric vehicles and renewable energy. These investments are part of the group’s larger vision to build a sustainable future for all.

The Mahindra Group is committed to empowering people and communities around the world. Through its philanthropic arm, the Mahindra Foundation, the group supports a number of initiatives that promote education, entrepreneurship, and social inclusion.

The Mahindra Group is a true champion of progress. With its global reach and commitment to excellence, the group is well-positioned to continue its journey of growth and make an impact on the world stage.

Tech Mahindra Share Price

As of 9:15 am, Tech Mahindra shares were trading at Rs 684.40, up 1.24 per cent on the BSE.
The stock hit an intra-day high of Rs 688.40 and low of Rs 679.75 in morning hours. A total of 3,57,038 shares exchanged hands on the BSE so far.
On the National Stock Exchange (NSE), Tech Mahindra shares opened at Rs 684 and hit a high and low of Rs 688 and Rs 680 respectively in opening deals. A total of 542,179 shares changed hands on the counter till 09:36 am IST.
In the previous session, Tech Mahindra shares closed 0.73 per cent higher at Rs 677 on the BSE amid volatile trade.

Venture Global Engineering Llc

Venture Global Engineering Llc is a global provider of engineering and consulting services. It offers a wide range of services such as product development, process engineering, packaging engineering, and more. The company has a team of experienced engineers who work closely with clients to deliver high-quality products and services.

Rajesh Dhuddu – SVP & Global Business

Rajesh Dhuddu is the SVP and Global Business Head of Tech Mahindra. He is responsible for the company’s overall performance and growth. He has over 20 years of experience in the IT industry, and has held various leadership positions within Tech Mahindra. Rajesh is a strong believer in the power of technology to transform businesses and lives. Under his leadership, Tech Mahindra has been able to successfully provide innovative solutions to its clients across the globe.

Kunal Purohit – Chief Digital Services

Kunal Purohit is the Chief Digital Services at Tech Mahindra. He is responsible for the growth and development of digital services within the organization. In his role, he provides strategic direction and thought leadership for the organization’s digital transformation journey. He also leads the team that delivers digital solutions to clients across the globe.

Kunal has over 15 years of experience in the IT industry. He has worked in various roles including software development, product management, and consulting. Before joining Tech Mahindra, he was the Chief Product Officer at HCL Technologies. Kunal has a bachelor’s degree in Computer Science from Delhi University and an MBA from IIM Bangalore.

Tech Mahindra Foundation | Corporate Social

The Tech Mahindra Foundation is the corporate social responsibility arm of Tech Mahindra. The Foundation works to uplift underprivileged communities and empower them with the skills and resources they need to lead better lives.

The Foundation provides access to quality education, healthcare, and livelihood opportunities for underprivileged children, youth, and adults. It also undertakes initiatives to promote digital literacy and foster a culture of innovation and entrepreneurship.

The Tech Mahindra Foundation is committed to making a difference in the lives of those it serves. Through its various initiatives, the Foundation strives to build an inclusive society that gives everyone an equal chance to succeed.

The HCI Group to be acquired by Indian

The HCI Group, a global provider of cloud-based enterprise software solutions, is to be acquired by Indian IT services giant Tech Mahindra. The deal, worth $160 million, will see Tech Mahindra take over all of HCI’s operations and employees.

The move comes as part of Tech Mahindra’s continued push into the enterprise software market, and follows the recent acquisitions of Fixstream and Limelight Networks. With the addition of the HCI Group, Tech Mahindra will further bolster its cloud offerings and expand its reach in the global enterprise software market.

The acquisition is expected to be completed by the end of March 2021.

Tech Mahindra Ltd Live Stock Price

As of 10:15 am, Tech Mahindra Ltd (ADR) (NYSE: TSM) was trading at $22.64, up $0.37 or 1.65%. The stock has a 52-week range of $16.51-$23.48 and a market capitalization of $50.47 billion.

Volume was about 1.4 million shares, compared to the daily average volume of 2.4 million shares. The company’s stock has gained about 7% in the last one month and 13% in the last three months.

The positive momentum in the stock can be attributed to the company’s strong financial performance in recent quarters as well as expectations of continued growth going forward. For the quarter ended March 31, 2019, Tech Mahindra reported revenue of Rs 38,135 crore ($5.4 billion), up 8% on a year-over-year basis. Adjusted net income came in at Rs 2,968 crore ($418 million), up 19% YoY.

Analysts expect Tech Mahindra to report revenue of Rs 39,733 crore and adjusted net income of Rs 3,208 crore for the June quarter. For FY2019, analysts expect the company to report revenue of Rs 1,57,293 crore and adjusted net income of Rs 12,533 crore

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