OverviewSuggest Edit

Tech Mahindra is a global provider of information technology and business process outsourcing services to corporate customers. The company offers application development and maintenance, consulting and enterprise business solutions, extended engineering solutions, and infrastructure management services. It serves a range of industries including insurance, banking and financial services, manufacturing, telecommunications, transportation, and engineering services.

TypePublic
Founded1986
HQPune, IN
Websitetechmahindra.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Mar 2019)87,080(+12%)
Job Openings34
Revenue (FY, 2019)₹347.4 B(+13%)
Share Price (Sept 2020)₹790.8 (+4%)
Cybersecurity ratingBMore

Key People/Management at Tech Mahindra

CP Gurnani

CP Gurnani

Managing Director and Chief Executive Officer
Vivek Agarwal

Vivek Agarwal

Global Head for Enterprise Verticals Solutions and Portfolio Companies
Jagdish Mitra

Jagdish Mitra

Chief Strategy Officer, Head of Growth
Mao Mohapatra

Mao Mohapatra

Chief Executive, Mahindra Comviva and Head, Enterprise Mobility
Padma Parthasarathy

Padma Parthasarathy

SVP & Global Head, Consulting and Digital Services
Vikram Nair

Vikram Nair

President, EMEA Business
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Tech Mahindra Office Locations

Tech Mahindra has offices in Pune, Bengaluru, Bhubaneswar, Chennai and in 144 other locations
Pune, IN (HQ)
Plot No. 1, Phase III Rajiv Gandhi Infotech Park Hinjewadi
Bengaluru, IN
45, Hosur Rd, Electronic City Phase II, Electronic City
Bengaluru, IN
RMZ Ecoworld Infrastructure Pvt Ltd, Tower 4A&4B, Fourth Floor, Marathalli Outer Ring Road
Bengaluru, IN
Unit II, (Wing B) Level 1, Creator Building International Tech Park Sadarmangala/Pattandur Agrahara
Bhubaneswar, IN
Nandankanan Rd, Near XIB, Rail Vihar, Chandrasekharpur
Bhubaneswar, IN
Plot No. S, 1, Maitre Vihar Rd, NALCO Nagar, Chandrasekharpur
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Tech Mahindra Financials and Metrics

Tech Mahindra Revenue

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View revenue for all periods
Tech Mahindra's revenue was reported to be ₹347.42 b in FY, 2019 which is a 12.9% increase from the previous period.
INR

Revenue (Q3, 2020)

96.5b

Gross profit (Q3, 2020)

29.2b

Gross profit margin (Q3, 2020), %

30.3%

Net income (Q3, 2020)

11.5b

EBITDA (Q3, 2020)

15.6b

EBIT (Q3, 2020)

11.8b

Market capitalization (14-Sept-2020)

760.7b

Closing stock price (14-Sept-2020)

790.8

Cash (31-Dec-2019)

17.9b

EV

774.8b
Tech Mahindra's current market capitalization is ₹760.7 b.
Annual
INRFY, 2017FY, 2018FY, 2019

Revenue

291.4b307.7b347.4b

Revenue growth, %

8%6%13%

Cost of goods sold

205.7b215.3b233.6b

Gross profit

85.7b92.4b113.8b
Quarterly
INRQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

69.2b71.7b75.6b73.4b76.1b77.8b82.8b86.3b89.4b86.5b90.7b96.5b

Cost of goods sold

48.8b49.7b52.4b52.8b53.8b53.8b57.3b56.9b59.8b61.6b63.9b67.3b

Gross profit

20.4b22.0b23.2b20.5b22.3b24.0b25.4b29.4b29.6b24.9b26.8b29.2b

Gross profit Margin, %

29%31%31%28%29%31%31%34%33%29%30%30%
Annual
INRFY, 2017FY, 2018FY, 2019

Cash

20.0b19.7b20.4b

Accounts Receivable

53.4b65.0b69.6b

Inventories

611.0m6.6b752.0m

Current Assets

163.3b181.1b215.7b
Annual
INRFY, 2017FY, 2018FY, 2019

Net Income

28.1b12.2b11.3b

Depreciation and Amortization

9.8b10.9b11.3b

Accounts Payable

6.3b2.6b5.6b

Cash From Operating Activities

40.7b35.5b44.3b
Quarterly
INRQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Depreciation and Amortization

2.0b4.5b6.9b2.5b5.1b7.9b2.8b5.8b8.6b3.2b6.6b10.5b

Accounts Payable

1.8b3.2b5.9b3.1b(904.0m)1.1b940.0m3.8b5.1b(365.0m)3.0b5.0b

Cash From Operating Activities

10.6b17.3b29.0b7.6b18.1b26.5b7.9b17.3b31.1b6.8b14.6b29.5b

Purchases of PP&E

(1.6b)(3.8b)(5.7b)(1.7b)(6.4b)(8.3b)(1.7b)(3.1b)(5.9b)(2.1b)(4.2b)(6.5b)
INRQ1, 2017

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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Tech Mahindra Operating Metrics

Tech Mahindra's Customers was reported to be 807 in FY, 2016. Tech Mahindra's Active Customers was reported to be 964 in Q3, 2020.
FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Active Customers

770 788 801 807 807 818 825 837 843 843 864 885 903 913 926 930 935 938 941 946 964

Countries

90 90 90 90

Customers

767 807

Sales Offices

49
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Tech Mahindra Acquisitions / Subsidiaries

Company NameDateDeal Size
Zen3 infosolutionsFebruary 24, 2020$64 m
BORNNovember 05, 2019$95 m
Mad*Pow Media SolutionsJuly 30, 2019
ObjectWise Consulting GroupJune 17, 2019c$2.75 m
Infotek Software and Systems Private Limited and Vitaran Electronics Private LimitedApril 09, 2019
K-Vision CoMarch 14, 2019
Dynacommerce Holding B.V., NetherlandsFebruary 14, 2019
Inter - InformaticsAugust 23, 2018€5.40 m
Altiostar Networks Inc., USAJanuary 18, 2018
CJS Solutions GroupMarch 06, 2017$110 m
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Tech Mahindra Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Tech Mahindra Revenue Breakdown

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Tech Mahindra revenue breakdown by business segment: 91.9% from IT Services and 8.1% from BPO Services

Tech Mahindra revenue breakdown by geographic segment: 6.4% from India, 29.3% from Europe , 47.2% from Americas and 17.1% from Rest of World

Tech Mahindra Online and Social Media Presence

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Tech Mahindra News and Updates

Tech Mahindra and Smart Energy Water Accelerate Digital...

Tech Mahindra and Smart Energy Water Accelerate Digital Transformation for Energy and Water Utility Industry Globally.read more

Engineering Services Outsourcing (ESO) Market to Eyewitness Massive Growth by 2026 | Luxoft, QuEST Global Services, Tech Mahindra

Global Engineering Services Outsourcing (ESO) Market Size, Status and Forecast 2019-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. Posted via Industry Today. F…

Smart Street Light Market - Current Impact to Make Big Changes | Tech Mahindra, Phillips, Bajaj Electricals, Eveready

What's Ahead in the Global Smart Street Light Market? Benchmark yourself with strategic steps and conclusions recently published by AMA Posted via Industry Today. Follow us on Twitter @IndustryToday

Tech Mahindra Says Bringing Back 210 Employees, Dependents From U.S.

A chartered flight carrying the Tech Mahindra employees and dependents has taken off from Dallas and will land in India Tuesday.

Tech Mahindra Announces mPAC 3.0 - Next-Generation Cloud Management Platform for Enterprises Globally

Further, this will assist enterprises to transform their businesses by accelerating their time to market and ensuring cost optimization across verticals.read more

Tech Mahindra Signs UN Global Compact Initiative Statement on Climate Action

Tech Mahindra reaffirms thescience-based commitment ofachieving net-zero carbon emissions while calling on governments to “prioritize a faster and fairer transition from a grey to a green economy.” By moving towards a zero-carbon resilient economy, Tech Mahindra aims to reduce carbon footprint, emis…
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Tech Mahindra Frequently Asked Questions

  • When was Tech Mahindra founded?

    Tech Mahindra was founded in 1986.

  • Who are Tech Mahindra key executives?

    Tech Mahindra's key executives are CP Gurnani, Vivek Agarwal and Jagdish Mitra.

  • How many employees does Tech Mahindra have?

    Tech Mahindra has 87,080 employees.

  • What is Tech Mahindra revenue?

    Latest Tech Mahindra annual revenue is ₹347.4 b.

  • What is Tech Mahindra revenue per employee?

    Latest Tech Mahindra revenue per employee is ₹4 m.

  • Who are Tech Mahindra competitors?

    Competitors of Tech Mahindra include Mindtree, Tata Consultancy Services and Infosys.

  • Where is Tech Mahindra headquarters?

    Tech Mahindra headquarters is located at Plot No. 1, Phase III Rajiv Gandhi Infotech Park Hinjewadi, Pune.

  • Where are Tech Mahindra offices?

    Tech Mahindra has offices in Pune, Bengaluru, Bhubaneswar, Chennai and in 144 other locations.

  • How many offices does Tech Mahindra have?

    Tech Mahindra has 188 offices.