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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Application & Data Integration
techmahindra.com

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Investments

5

Portfolio Exits

2

Partners & Customers

10

About 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. The company's solutions enable clients to maximize returns on IT investment by achieving fast time to market and reducing total cost of ownership. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven delivery models, and approach to offshoring.

Tech Mahindra Headquarter Location

Sharda Centre, Off Karve Road

Pune, 411 004,

India

+91 20 66018100

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Tech Mahindra Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Tech Mahindra Rank

Latest Tech Mahindra News

Taking Stock | Market snaps 2-day winning streak; Sensex falls 765 points, Nifty below 17,200

Dec 3, 2021

Over 150 stocks, including Tech Mahindra, Vodafone Idea, HBL Power, hit a 52-week high on the BSE. December 03, 2021 / 04:42 PM IST Benchmark indices broke their two-day winning streak, with the Sensex closing below the 58,000 mark and Nifty below 17,200. After a flat to positive start, the market gave up the gains and remained volatile in the first half. Indices then closed near the day's low amid selling in heavyweights, FMCG, and financials in the second half. Sensex closed 764.83 points or 1.31 percent lower at 57,696.46, and the Nifty was down 205 points or 1.18 percent at 17,196.70. "Following a positive opening, benchmark indices gave up all gains led by losses in heavyweights in anticipation of the RBI meet next week. Meanwhile, investors were also cautious after India reported Omicron cases," said Vinod Nair, Head of Research at Geojit Financial Services. "However, global equities traded with slight gains, recovering from yesterday’s broad based sell-off led by fears on new Covid variant and Fed chair’s comments on the bond-buying program." "RBI’s monetary policy meeting will be a key market driver as investors await MPC’s policy decision which is broadly expected to hold an accommodative stance considering the uncertainty surrounding the new variant," he added. The broader indices outperformed the benchmarks with the BSE midcap index ending flat and the smallcap index up 0.3 percent. Power Grid Corporation, Reliance Industries, Tech Mahindra, Asian Paints and Kotak Mahindra Bank were among the major Nifty losers. The gainers included UPL, BPCL, ONGC, IOC and L&T. Index Fri, Dec 03, 2021 -1.04% All sectoral indices ended in the red, with the Nifty FMCG index falling 1 percent, while auto, bank, IT and pharma indices were down 0.5 percent each. Stocks and sectors On the BSE, FMCG and Bankex fell 1 percent each. Among individual stocks, a volume spike of more than 200 percent was seen in AU Small Finance Bank, Hindustan Aeronautics, PNB and Indiamart Intermesh. A long build-up was seen in GSPL, Chambal Fertilisers and PNB, while a short build-up was seen in Crompton Greaves Consumer Electrical, MCX India and Indiamart Intermesh. Over 150 stocks, including Tech Mahindra, Vodafone Idea, HBL Power, hit a 52-week high on the BSE. Palak Kothari, Research Associate at Choice Broking: The index has taken support from the rising trend line. It has been trading with higher highs and lower lows from the past 3 trading sessions, which indicates that bullish movement is intact. At present, the index has support at 17000 levels, while resistance is at 17500 levels. On the other hand, the Bank Nifty has support at 35300 levels with resistance at 37000 levels. Rohit Singre, Senior Technical Analyst at LKP Securities: Index closed the week at 17197, with gains of more than one percent and formed a doji sort of candle pattern on the weekly chart after two bearish candles, which hint at indecision in the markets. Good demand zone for Nifty is already formed near 17100-17000 and sustenance above said levels, one can expect the index to march towards 17500-17600 in the near term. But, if it fails to hold those levels, then more profit booking can push the index much lower. The immediate hurdle is near 17300-17440. Ajit Mishra, VP - Research, Religare Broking: We’re seeing a roller coaster ride in markets across the globe due to the news flow around the new COVID variant, and we don’t expect any relief soon. Participants have no option but to align their position accordingly and seek hedged positions. Investors should not worry much about these fluctuations and use further dips to add quality stocks in a staggered manner. Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before making any investment decisions. Rakesh Patil

Tech Mahindra Investments

5 Investments

Tech Mahindra has made 5 investments. Their latest investment was in VitalTech as part of their Corporate Minority on October 10, 2020.

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Tech Mahindra Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/22/2020

Corporate Minority

VitalTech

$3M

Yes

1

3/13/2019

Seed

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$99M

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10

6/21/2018

Series A

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$99M

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10

1/19/2018

Series C

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$99M

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10

4/21/2014

Series A

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$99M

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10

Date

10/22/2020

3/13/2019

6/21/2018

1/19/2018

4/21/2014

Round

Corporate Minority

Seed

Series A

Series C

Series A

Company

VitalTech

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Amount

$3M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Tech Mahindra Portfolio Exits

2 Portfolio Exits

Tech Mahindra has 2 portfolio exits. Their latest portfolio exit was Altiostar Networks on August 04, 2021.

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

8/4/2021

Acquired

$991

3

00/00/0000

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$991

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10

Date

8/4/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

10

Tech Mahindra Acquisitions

32 Acquisitions

Tech Mahindra acquired 32 companies. Their latest acquisition was Activus Connect on December 03, 2021.

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

12/3/2021

$991

Acquired

1

10/25/2021

$991

Acquired

4

10/25/2021

$991

Acquired

4

10/1/2021

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$991

$99M

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10

6/28/2021

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$991

$99M

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10

Date

12/3/2021

10/25/2021

10/25/2021

10/1/2021

6/28/2021

Investment Stage

Companies

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Valuation

$991

$991

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

1

4

4

10

10

Tech Mahindra Partners & Customers

10 Partners and customers

Tech Mahindra has 10 strategic partners and customers. Tech Mahindra recently partnered with Honeywell on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/6/2021

Partner

Honeywell

United States

1

9/27/2021

Partner

CareerLabs

India

Edtech Firm CareerLabs and Tech Mahindra Tie Up to Transform Over 3000 Graduates Into Skilled Professionals

From getting students ready for the IT world to providing Tech Mahindra with skilled resources equipped to deal with the constantly changing industry trends , CareerLabs , through this partnership , strives to ensure that the newest generation of IT professionals are the cream of the crop .

1

9/22/2021

Partner

Krista Software

United States

Krista Software and Tech Mahindra Announce Key Strategic Partnership to Deliver Intelligent Automation at Scale to Customers

DALLAS -- -- Krista Software Inc. , the provider of Intelligent Automation platform `` Krista Software Inc. '' and Tech Mahindra , a leading provider of digital transformation , consulting and business re-engineering services and solutions , have signed a strategic partnership to deliver Intelligent Automation at scale to customers .

4

9/15/2021

Partner

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10

9/15/2021

Partner

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10

Date

10/6/2021

9/27/2021

9/22/2021

9/15/2021

9/15/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Honeywell

CareerLabs

Krista Software

Country

United States

India

United States

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News Snippet

Edtech Firm CareerLabs and Tech Mahindra Tie Up to Transform Over 3000 Graduates Into Skilled Professionals

From getting students ready for the IT world to providing Tech Mahindra with skilled resources equipped to deal with the constantly changing industry trends , CareerLabs , through this partnership , strives to ensure that the newest generation of IT professionals are the cream of the crop .

Krista Software and Tech Mahindra Announce Key Strategic Partnership to Deliver Intelligent Automation at Scale to Customers

DALLAS -- -- Krista Software Inc. , the provider of Intelligent Automation platform `` Krista Software Inc. '' and Tech Mahindra , a leading provider of digital transformation , consulting and business re-engineering services and solutions , have signed a strategic partnership to deliver Intelligent Automation at scale to customers .

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Sources

1

1

4

10

10

Tech Mahindra Team

13 Team Members

Tech Mahindra has 13 team members, including former Chief Executive Officer, Amit Prasad.

Name

Work History

Title

Status

Amit Prasad

Chief Executive Officer

Former

Atul Kunwar

President

Former

Manoj Bhat

Chief Financial Officer

Former

Bish Rath

Chief Operating Officer, Chief Revenue Officer

Former

Balaji Krishnammagaru

Chief Architect

Former

Name

Amit Prasad

Atul Kunwar

Manoj Bhat

Bish Rath

Balaji Krishnammagaru

Work History

Title

Chief Executive Officer

President

Chief Financial Officer

Chief Operating Officer, Chief Revenue Officer

Chief Architect

Status

Former

Former

Former

Former

Former

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