Tech Mahindra sups with giants
Mahindra & Mahindra Ltd’s subsidiary, Tech Mahindra Ltd combined with Satyam Computer Services Ltd is poised to become the third largest Indian software services company, relegating Wipro’s global software service export division Wipro Technologies to the fourth position. HT Correspondent reports.business Updated: Apr 13, 2009 22:48 IST
It is a merger that will put the Mahindras, long known for jeeps and trucks, in the limelight of information technology.
Mahindra & Mahindra Ltd’s subsidiary, Tech Mahindra Ltd combined with Satyam Computer Services Ltd is poised to become the third largest Indian software services company, relegating Wipro’s global software service export division Wipro Technologies to the fourth position.
Tech Mahindra, since its launch in 1986 by M&M and British Telecom, has been focusing on the niche telecom space. The Mumbai-based company is the leading information technology solutions provider for telecom companies, but has steadily expanded its range of special skills and services.
The likely acquisition of Satyam Computer Services is a complement for Tech Mahindra as the fraud-hit Hyderabad-based company brings customers across various sectors including banking and manufacturing. Satyam offers services in the field of application services, business process outsourcing, business value enhancement, consulting and enterprise solutions, infrastructure management services, integrated engineering solutions, product lifecycle management, supplier relationship management, and supply chain management.
Tech Mahindra has over 23,000 professionals servicing clients across its global network of development centres and sales offices across Americas, Europe, Middle-East, Africa and Asia-Pacific. This adds to the vast global capacity of Satyam, which has a total of 28 development centres across the globe, including four in India, besides 48,000 employee who will give Tech Mahindra a sudden spurt in size and scale.
The possible amalgamation of Satyam and Tech Mahindra is obviously quite some time away. Vineet Nayyar, Vice-Chairman of Tech Mahindra, said rebranding and merger cannot be talked about now.