Tech Mahindra
Investments
6Portfolio Exits
4Partners & Customers
10About Tech Mahindra
Tech Mahindra (BSE: 532755) (NSE: TECHM), part of the Mahindra Group, provides solutions and services to the telecommunications industry, serving telecom service providers, equipment manufacturers, software vendors, and systems integrators.
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Latest Tech Mahindra News
Jun 1, 2023
Stock market today, June 1, 2023: Tech Mahindra was the top gainer on the Sensex, followed by HDFC, and Wipro. First Trade June 1, 2023. Representative image. Source: Reuters Stock market today, June 1, 2023: The equity market opened on a flat note on June 1, Thursday. The S&P BSE Sensex traded at 62,619.60 levels while the NSE's Nifty was trading around 18,550 levels. Tech Mahindra was the top gainer on the Sensex, followed by HDFC, and Wipro. "The sluggish to the negative mood in early trades could be due to concerns that the US debt-ceiling bill might be derailed, and a slide in China factory activity, indicating weakening global economic activity. However, strong Q4 GDP data beating street expectations could bring in some cheers to investors and lift market sentiment. Technically, confirmation of strength is only if the Nifty moves above the 18,663 mark, while make-or-break support for the index is at 18,327, while support for Bank Nifty is seen at 43,721," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. In the broader market, the S&P BSE Midcap index traded 0.33 per cent higher at 27,188.95 while the S&P BSE Smallcap index was trading at 30,711.78, up 0.61 per cent.
Tech Mahindra Investments
6 Investments
Tech Mahindra has made 6 investments. Their latest investment was in Surance as part of their Series A on April 4, 2022.
Tech Mahindra Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/12/2022 | Series A | Surance | $4M | Yes | 2 | |
10/22/2020 | Corporate Minority | |||||
3/13/2019 | Seed | |||||
6/21/2018 | Series A | |||||
1/19/2018 | Series C |
Date | 4/12/2022 | 10/22/2020 | 3/13/2019 | 6/21/2018 | 1/19/2018 |
|---|---|---|---|---|---|
Round | Series A | Corporate Minority | Seed | Series A | Series C |
Company | Surance | ||||
Amount | $4M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 2 |
Tech Mahindra Portfolio Exits
4 Portfolio Exits
Tech Mahindra has 4 portfolio exits. Their latest portfolio exit was DynaCommerce on December 16, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
12/16/2022 | Acquired - II | 1 | |||
Date | 12/16/2022 | |||
|---|---|---|---|---|
Exit | Acquired - II | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
Tech Mahindra Acquisitions
37 Acquisitions
Tech Mahindra acquired 37 companies. Their latest acquisition was Tech Mahindra South Africa on August 09, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
8/9/2022 | Acquired | 1 | ||||
3/14/2022 | Acquired | 1 | ||||
2/16/2022 | Corporate Majority | 2 | ||||
1/17/2022 | ||||||
12/31/2021 |
Date | 8/9/2022 | 3/14/2022 | 2/16/2022 | 1/17/2022 | 12/31/2021 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired | Corporate Majority | ||
Sources | 1 | 1 | 2 |
Tech Mahindra Partners & Customers
10 Partners and customers
Tech Mahindra has 10 strategic partners and customers. Tech Mahindra recently partnered with EarthId on May 5, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/18/2023 | Licensor | United Kingdom | Tech Mahindra announces strategic partnership with EarthID Through this partnership , Tech Mahindra will integrate EarthID 's blockchain-based , decentralized identification capabilities into its new SSI-powered metaverse platform , making it secure for users and enterprises . | 2 | |
4/26/2023 | Vendor | United States | BELLEVUE , Wash. & MUMBAI , India -- -- #cloudgovernance -- CoreStack , a global multi-cloud governance provider , today announced that it has partnered with Tech Mahindra , a leading provider of digital transformation , consulting and business re-engineering services and solutions . | 3 | |
4/19/2023 | Partner | United States | Tech Mahindra, Indosat launch CoE Lab powered by Google Cloud to boost digital transformation This partnership will combine Tech Mahindra 's technological expertise , Google Cloud 's ML and conversational AI capabilities in Dialogflow and BigQuery , and Tech Mahindra 's intellectual property with customised in-house accelerators to help CSPs better engage their customers through data-driven experiences , modernise their business platforms , and achieve operational efficiencies from migrating to a truly open data cloud . | 1 | |
3/31/2023 | Client | ||||
3/9/2023 | Client |
Date | 5/18/2023 | 4/26/2023 | 4/19/2023 | 3/31/2023 | 3/9/2023 |
|---|---|---|---|---|---|
Type | Licensor | Vendor | Partner | Client | Client |
Business Partner | |||||
Country | United Kingdom | United States | United States | ||
News Snippet | Tech Mahindra announces strategic partnership with EarthID Through this partnership , Tech Mahindra will integrate EarthID 's blockchain-based , decentralized identification capabilities into its new SSI-powered metaverse platform , making it secure for users and enterprises . | BELLEVUE , Wash. & MUMBAI , India -- -- #cloudgovernance -- CoreStack , a global multi-cloud governance provider , today announced that it has partnered with Tech Mahindra , a leading provider of digital transformation , consulting and business re-engineering services and solutions . | Tech Mahindra, Indosat launch CoE Lab powered by Google Cloud to boost digital transformation This partnership will combine Tech Mahindra 's technological expertise , Google Cloud 's ML and conversational AI capabilities in Dialogflow and BigQuery , and Tech Mahindra 's intellectual property with customised in-house accelerators to help CSPs better engage their customers through data-driven experiences , modernise their business platforms , and achieve operational efficiencies from migrating to a truly open data cloud . | ||
Sources | 2 | 3 | 1 |
Tech Mahindra Team
24 Team Members
Tech Mahindra has 24 team members, including current Chief Executive Officer, Managing Director, Chander Prakash Gurnani.
Name | Work History | Title | Status |
|---|---|---|---|
Chander Prakash Gurnani | Chief Executive Officer, Managing Director | Current | |
Name | Chander Prakash Gurnani | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, Managing Director | ||||
Status | Current |
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