Tech Mahindra Limited provides digital transformation, consulting, and business re-engineering services and solutions with a market capitalization of INR 136,763.11 Crores as of 17th August ‘2021. Tech Mahindra Limited is a subsidiary of the Mahindra Group, and the same was incorporated in 1896. Tech Mahindra is a US$5.2 billion company with more than 125,230 employees across 90 countries. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 532755 and scrip code TECHM. As of 17th August ‘2021, Tech Mahindra Limited is trading at INR 1414.
Tech Mahindra Limited was ranked overall #47 in Fortune India 500 list for 2019 and #5 in India’s IT firms. Tech Mahindra Limited is a leading Telecom-focused provider of IT Services & Solutions to the Global Telecommunication Industry, encompassing Telecom Service Providers (TSPs), Telecom Equipment Manufacturers (TEMs), and Independent Software Vendors (ISVs). Tech Mahindra Limited is amongst the only three Indian companies featuring in the global Bloomberg 2020 Gender-Equality Index (GEI). T N Manoharan, Anil Khatri, Shikha Sharma, Mukti Khaire, Manoj Bhat, M Rajyalakshmi Rao, M Damodaran, Haigreve Khaitan, Anish Shah, CP Gurnani, and Anand G Mahindra are the part of company’s management. The company has a worldwide presence in 24 locations in 14 countries, including 11 state-of-the-art development centres and 13 sales offices in America, Europe, the Middle East, Africa, and Asia pacific. It is one of the leading American network equipment providers as a cloud transformation partner. The company has a stake in other entities as well like Object wise Consulting Group Inc., Mahindra Engineering Services (Europe) Ltd, Born Commerce Private Limited, Born Singapore Pte. Limited etc.
As of 30th June ‘2021, the company has a total of 96.90 Crores shares outstanding. The company has a Consolidated Total Income of Rs 10,484.90 Crores for the quarter ended 30th June ‘2021, up 7.40 % from last quarter’s Total Income of INR 9,762.50 Crores. In addition, the company has reported net profit after tax of Rs 1,365.70 Crores for the quarter ended as on 30th June ‘2021, which shows an increment of 30.75% from last quarter. Tech Mahindra Limited’s stock closed at 1417 on 17th August ‘2021 (NSE) and has returned 44.53% over the previous six months and 96.25% in the last year.