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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 Rank

Latest Tech Mahindra News

Stocks To Watch: Bajaj Finance, Tata Power, Tech Mahindra, Goodluck, L&T Tech, Network18, Strides

Jan 18, 2022

8:08 AM IST, 18 Jan 2022 8:08 AM IST, 18 Jan 2022 8:08 AM IST, 18 Jan 2022 Save Most Asian stocks advanced as investors weighed the economic recovery from the pandemic.Shares climbed in Japan and Australia but wavered in South Korea. Nasdaq 100 and S&P 500 futures were broadly steady. U.S. markets will reopen later following a holiday.The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, shed 0.14% to 18,324.50 as of 8:00 a.m, on Tuesday.Elsewhere, oil climbed as geopolitica... Most Asian stocks advanced as investors weighed the economic recovery from the pandemic. Shares climbed in Japan and Australia but wavered in South Korea. Nasdaq 100 and S&P 500 futures were broadly steady. U.S. markets will reopen later following a holiday. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, shed 0.14% to 18,324.50 as of 8:00 a.m, on Tuesday. Elsewhere, oil climbed as geopolitical tensions stirred in the Middle East. In cryptocurrencies, Bitcoin fell back to around $42,000 and is down about 10% so far in 2022. Here are stocks to watch in today's trade: Earnings Post Market Hours Net profit down 65.87% at Rs 103.88 crore vs Rs 304.39 crore EBITDA down 41.39% at Rs 261.04 crore vs Rs 445.39 crore Stocks To Watch Tata Power: Tata Power Renewable Energy commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh. Tech Mahindra: The company acquired Com Tec Co IT for €310 million including earnouts and synergy linked payouts. It is also investing a cumulative amount of €20 million, in SWFT and Surance, for a 25% ownership in each of the two InsurTech ventures funded by the same founding group as CTC. IIFL Finance: The company will consider interim dividend on Jan. 27. Indian Energy Exchange: The company has executed a Share Purchase Agreement by and between IEX, Indian Oil Corporation and Indian Gas Exchange, subsidiary of the IEX, for sale of 4.93% stake in IGX to IOCL consisting of 36,93,750 equity shares, having a face value of Rs. 10 each. HFCL: The company reported consolidated revenue of Rs 1215.21 crore, up by 8.29% in Q3 on sequential basis. Net profit fell 5.81% as compared to previous quarter to Rs 81.10 in Q3. EBITDA margin fell 110 bps at 14.32% in Q3. It will also expand capacity of Optical Fibre and Optical Fibre cable to 22 mfkm/p.a and o 34.75 mfkm/p.a respectively with a cumulative investment of Rs 425 crore. Care Edge: The company will consider declaration of interim dividend on Jan. 28. Cholamandalam Investment and Finance: The company has signed a Shareholders Agreement and a Share Purchase Agreement with Payswiff, its founders and other existing shareholders to make a strategic investment not exceeding Rs 450 crore. It will hold up to 72.12% of the equity capital of Payswiff on a fully diluted basis and Payswiff consequently will become a subsidiary of the company. Tatva Chintan Pharma Chem: The company’s revenue from operations stood at Rs 104.6 crore in Q3, up by 31% YoY. Net profit for for the quarter rose 9% YoY and stood at Rs 22.80 crore. Dilip Buildcon: The construction of four lanes of Yavatmal to Wardha section of NH-361 in Maharashtra under NHDP Phase -IV on Hybrid Annuity mode has been completed. Bosch: The company has appointed Karin Gilges as the Chief Financial Officer. Hathway: Revenue falls 10.75% at Rs 163.12 crore as compared to Rs 182.76 crore sequentially. Net profit also fell from Rs 11.31 crores in Q2 to Rs 9.98 crore in Q3. Angel One: The company reported total income of Rs 607.1 crore in Q3, up by 12.8% sequentially. Net profit rose 22.6% to Rs 164.6 crore for Q3 on sequential basis. It also announced third interim dividend of Rs 7 per share. Goodluck India: The company reported highest ever quarterly turnover and profit of Rs.705.80 crore and Rs. 20.16 crore respectively. EBITDA per ton for Q3 stood at Rs. 6,557 as against Rs. 5,251 on a sequential basis. MosChip Technologies: The company reported income from operations at Rs 38.29 crore. Profit after tax was up by 32% to Rs. 2.11 crore sequentially. EBIDTA increased from Rs. 5.83 crores to Rs 6.38 crores, an increase by 9% QoQ. PTC Industries: Allotment of 20 hectares of land by UPEIDA to company’s wholly owned subsidiary Aerolloy Technologies in the Lucknow node of the UP Defence Industrial Corridor. The Company intends to set up fully integrated material manufacturing capabilities of all exotic materials, including Titanium, Cobalt, and Nickle Superalloys, at this facility with the total peak manufacturing capacity of 5,000 tonnes per annum. Strides: The company received USFDA approval for Oseltamivir Phosphate for Oral Suspension. The product is bioequivalent and therapeutically equivalent to the Reference Listed Drug, Tamiflu for Oral Suspension, 6 mg/mL, of Hoffmann-La Roche. Nesco: The company will pursue process of voluntary liquidation of its wholly owned subsidiary Nesco Hospitality. KPI Global Infrastructure: Announced second interim dividend of Rs 0.4 per share. Vikas Lifecare: The company’s lates acquisition Genesis Gas Solutions received orders totalling Rs 5.5 crore for supplying 40,800 natural gas meters, and for laying pipeline and commissioning of meter (last mile connectivity) from Aavantika Gas Limited, a joint venture of GAIL and Hindustan Petroleum under the Ministry of Petroleum and Natural Gas. Earnings Today Tata Elxsi, Trident, Bajaj Finance, DCM Shriram, Den Networks, ICICI Prudential Life Insurance, ICICI Securities, Just Dial, L&T Technology Services, Network18 Media & Investments, TV18 Broadcast, Newgen Software Technologies Who’s Meeting Whom Vedanta: To meet investors and analysts on Jan. 25. Shriram Transport Finance: To meet investors and analysts on Jan. 28. Cipla: To meet investors and analysts on Jan. 25. Happiest Minds: To meet investors and analysts on Jan. 31. GE T&D India: To meet SBI Mutual Fund and Nippon Mutual Fund on Jan. 18. AU Small Finance: To meet investors and analysts on Jan. 28. HDFC Life: To meet investors and analysts on Jan. 21. Century Textiles: To meet investors on Jan. 20. Ganesh Housing: To meet investors and analysts on Jan. 13. Finotex: To meet investors and analysts on Jan. 19. HiTech Pipes: To meet investors and analysts on Jan. 21. EKI Energy Services: To meet investors and analysts on Jan. 19. Bulk Deals Coffee Day Enterprises: DSP Investment Managers sold 28,26,540 (1.33%) shares at Rs 70.2 apiece. GTL Infrastructure: IDBI Trusteeship Services sold 38.88 crore (3.1%) shares between the price of Rs 2.30 - Rs 2.32 apiece. Pledged Shares Details Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 90,000 shares between Jan. 13 and Jan. 14. Trading Tweaks Price Band Revised From 20% To 10%: Coffee Day Enterprises, Gujarat Mineral Development Corporation Price Band Revised From 5% To 20%: InfoBeans Technologies Price Band Revised From 5% To 10%: Praj Industries Record Date Interim Dividend: Info Edge, Hinduja Global Solutions Move Into Short-Term ASM Framework: Oriental Hotels Move Out Of Short-Term ASM Framework: Black Box

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

$99M

3

8/20/2019

Acquired

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$99M

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10

Date

8/4/2021

8/20/2019

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

10

Tech Mahindra Acquisitions

34 Acquisitions

Tech Mahindra acquired 34 companies. Their latest acquisition was Com Tec Co on January 17, 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

1/17/2022

$99M

Acquired

3

12/31/2021

$99M

Acquired

11

12/3/2021

$99M

Acquired

4

10/25/2021

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$99M

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10

10/25/2021

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$99M

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10

Date

1/17/2022

12/31/2021

12/3/2021

10/25/2021

10/25/2021

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired

Acquired

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Sources

3

11

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

Loughborough University

United Kingdom

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10

9/15/2021

Partner

Loughborough University London

United Kingdom

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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

Loughborough University

Loughborough University London

Country

United States

India

United States

United Kingdom

United Kingdom

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

15 Team Members

Tech Mahindra has 15 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

David Perez

Chief Operating Officer

Former

Bish Rath

Chief Operating Officer, Chief Revenue Officer

Former

Name

Amit Prasad

Atul Kunwar

Manoj Bhat

David Perez

Bish Rath

Work History

Title

Chief Executive Officer

President

Chief Financial Officer

Chief Operating Officer

Chief Operating Officer, Chief Revenue Officer

Status

Former

Former

Former

Former

Former

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