Tech Mahindra Q1’21 PAT Up 20.9%

Mumbai - July 27^th, 2020: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business reengineering services today announced the audited consolidated financial results for its first quarter ended June 30, 2020.

Financial highlights for the quarter (₹)

·         Revenue at ₹ 9,106 crore; down 4.0% QoQ, up 5.2% YoY ·         EBITDA at ₹ 1,301 crore; down 3.5% QoQ; o    Margins at 14.3%; up 10bps QoQ ·         Profit after tax (PAT) at ₹ 972 crore; up 20.9% QoQ ·         Earnings per share (EPS) was at ₹ 11.07

Financial highlights for the quarter (USD)

Revenue at USD 1,207.5 mn; down 6.7% QoQ, down 3.2% YoY Revenue degrowth at 6.3% QoQ and 1.8% YoY in constant currency terms EBITDA at USD 172.4 mn; down 5.7% QoQ Consolidated PAT at USD 128.8 mn, up 18.2% QoQ; ·         Free cash flow at $ 316.7 mn, conversion to PAT at 245.9%

Other Highlights

·         Total headcount at 123,416; down 1,820 QoQ ·         Active Clients stood at 981 in Q1’21, up by 8 QoQ ·         Cash and Cash Equivalent at USD 1,378.4 mn as of June 30, 2020 2020

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said,

Our customer centric approach and continued focus on keeping our associates safe and connected has helped us to navigate through these challenging times successfully. We are witnessing a wave of new age technologies being adopted by the customers as businesses across the globe are actively pursuing digital transformation. We are well positioned to capture such spends and our endeavor is to be back on the growth path amid increased signs of demand normalization.

Manoj Bhat, Chief Financial Officer, Tech Mahindra, said,

Despite demand uncertainty and volume reduction, we have been able to demonstrate operational resilience through cost optimization. Cash conversion has been strong, while we aim to improve profitability margins as demand normalizes.

Key Wins

·         Engaged by one of the largest healthcare provider in the US as a managed service partner for IT operations

·         A leading Communications Service Provider (CSP) based in UK has selected Tech Mahindra to enhance its operational systems leveraging next-gen Data and Analytics

·         Tech Mahindra won a deal with a global leader in sustainable and innovative fibre solutions to provide end-to-end managed services for plant Infrastructure across the organization

·         Engaged by a leading US telecom provider for cloud migration and application support

·         Engaged by a leading North American security and VPN (Virtual Private Network) solution provider to enhance its customer experience globally leveraging Artificial Intelligence and Machine Learning

·         Signed a deal with a network service provider in Japan for implementation and support of the digital billing support system (BSS)

·         Engaged by a South African administrative division for SAP support and application maintenance

·         Tech Mahindra has been selected by a leading American telecom player as an Automation partner for AIOps implementation and platform development.

·         Tech Mahindra won a deal with a new age Electric Vehicle Manufacturer for complete vehicle engineering leveraging its strong domain expertise

·         Signed a multi- year deal with by an Asian public sector bank for Infrastructure implementation and support

Business Highlights

·         Tech Mahindra and IBM have collaborated to help businesses transform their operations and accelerate their hybrid cloud strategies. Tech Mahindra will help clients migrate core business applications to the IBM public cloud using IBM Cloud Paks.

·         Tech Mahindra and ChampTrax Technologies, a Canadian sports startup have collaborated to develop a solution to create stadium like-experience at home for global sports fans.

·         Tech Mahindra and Openet, a leader in the supply of digital business support system (BSS) solutions, have entered into a global strategic partnership to enable digital transformation for customers globally by leveraging 5G and cloud technologies.

·         Tech Mahindra has signed a joint declaration with UN Global Compact urging governments to align their COVID-19 recovery efforts with the latest climate science.

·         Tech Mahindra launched mPAC 3.0 (Managed Platform for Adaptive Cloud), next-generation cloud management platform for enterprises globally. This will assist enterprises to transform their businesses by accelerating their time to market and ensuring cost optimization across verticals.

·         Tech Mahindra and Lucideus, a global leader in cyber risk quantification solutions have entered into a strategic collaboration to conduct annual cybersecurity risk assessment, aimed at bringing the most advanced cyber risk quantification solutions to customers globally  , and transform the way businesses monitor cybersecurity currently.

Awards and Recognitions

·         Tech Mahindra recognized by Great Place to Work®️ institute:

o   Ranked 21^st among India’s 100 ‘Best Companies to Work For 2020’.

o   Amongst the ‘Best in Mega Employer’ (organizations with more than 50,000 employees)

o   Amongst one of the five ‘Best Companies in Career Management’

• Recognized as a Leader on ESG issues in Sustainalytics, with an ESG rating of 99 percentile, and ranked 3rd out of 244 Software and service companies of the world

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 123,400+ professionals across 90 countries, helping 981 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra has been recognised amongst India’s 50 best companies to work for in 2020 by the Great Place to Work®️ Institute.

We are part of the USD 21 billion Mahindra Group that employs more than 240,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Connect with us on www.techmahindra.com

Tech Mahindra Designs First-of-Its-Kind Digital Transformation Course Approved by All India Council of Technical Education

Addresses industry-academia skill-gap in new-age technologies by rolling out a two year post graduate programme at Jawaharlal Nehru Engineering College

Mumbai- July 15, 2020: Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business reengineering services and solutions, has designed a first-of-its-kind digital transformation course approved by All India Council of Technical Education (AICTE). Tech Mahindra has partnered with Jawaharlal Nehru Engineering College (JNEC), under Mahatma Gandhi Mission (MGM) University, to roll out a two year post graduate programme in the academic year 2021. The custom curated curriculum is aimed at addressing the industry-academia skill-gap in new-age technologies including digitalisation, mobility, artificial intelligence and machine learning among others.

Tech Mahindra’s research and development arm, Makers Lab will be working closely with JNEC on reviewing the format of the course and helping them to create an environment of learning and innovation. As part of this course, students will be trained to work with dynamic, diverse, and agile teams to find solutions that will benefit people, society, and industry. This interdisciplinary course is aimed at providing holistic training to the students by imparting skills in competencies around digital transformation and technologies and cultivating an environment of entrepreneurship and design-led thinking.

Nikhil Malhotra, Global Head of Makers Lab, Tech Mahindra, said, “Digitalization is fundamentally changing the way organisations engage with both, their customers and their workforce. As part of our TechMNxt charter, we are investing heavily in reskilling our employees in next generation digital technologies. The inter-disciplinary course gives students an opportunity to look beyond existing expertise and discover how digital transformation is re-shaping the businesses of the future. Through this one-of-its-kind course, we aim to collaborate and co-create digital-warriors and nurture their talents and bridge the skill-gap.”

The course is based on four main pillars - offering software engineering with relevant processes, methods, and tools to upskill students in new age technologies, helping students hone their skills in designing and applying digital systems, involving people as co-producers by focusing on user- centred development processes and lastly, equipping students in transversal skills with special emphasis on project work and hands-on training, which accredit students with relevant competencies for job market and a progressive attitude.

Dr. Harirang H.Shinde, Dean Faculty of Engineering, Jawaharlal Nehru Engineering College, said, “MGM University, is the pioneer university to introduce the post graduate program, M.Tech. in Computer Science & Engineering (Digital Transformation) in collaboration with Tech Mahindra. From this collaboration wonderful objectives can be achieved and would also notch up the level of education adding tremendous value to innovation and Research. MGM university’s JNEC, Department of Computer Science & Engineering is establishing a state of art innovation facility to enhance students’ ability to work with cutting edge technologies-the next level of digital transformation and thereby leading to enrichment of Marathwada region.”

As part of its TechMNxt charter, Tech Mahindra is betting big on next gen technologies to solve real business problems of the customers by delivering innovative solutions and services. The organisation, through its aggressive industry-academia partnerships, re-skilling and research programs, plans to develop digital capabilities to create workforce of the future.

About Jawaharlal Nehru Engineering College

Jawaharlal Nehru Engineering College (JNEC), MGM University believes in the legacy of Mahatma Gandhi, we introduce ourselves as a student focused and grounded centre of learning. Our parent Trust Mahatma Gandhi Mission in its journey of 37 years has marked significant milestones by establishing 67 different institutes, colleges and socio-cultural learning centers at five different campuses in India. JNEC being the pioneering institute of MGM University, we feel proud to state that over the past four decades more than 15000 students have established themselves in various industries and research sectors across the world. 

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 125,200+ professionals across 90 countries, helping 973 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). 

We are part of the Mahindra Group, a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.  Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Tech Mahindra Facilitates Return of Over 210 Employees and their Dependents from the US

A special chartered flight from Dallas/Fort Worth International Airport took off on 13^th July to bring Tech Mahindra employees back to their homes

Mumbai – July 13^th, 2020: Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, has facilitated return of over 210 employees and their dependents who were stranded in the United States due to COVID-19 induced lockdown. A special chartered flight from Dallas/Fort Worth International Airport took off on 13th July to bring Tech Mahindra employees back to their homes, and will land in Hyderabad, India on 14^th July.

CP Gurnani, MD & CEO, Tech Mahindra, said, “Ensuring the well-being and safety of our entire employee, customer and partner ecosystem is critical in the collective fight against this global pandemic. Bringing our US-based associates and their dependents back home conveys our commitment towards our core values of ensuring employees’ safety first, and reiterates Tech Mahindra’s ability to be adaptable and agile in keeping mission-critical systems on for global clients from anywhere in the world, even during times of crisis.”

With the recent COVID-19 outbreak, Tech Mahindra has taken all the necessary preventive measures to ensure the wellness and well-being of its associates. Tech Mahindra’s investments over the years in digital collaboration tools combined with a culture of working remotely, has enabled the organization to prepare for a world where people are physically separated from their workplaces at a large scale.

Harshvendra Soin, Global Chief People Officer and Head of Marketing, Tech Mahindra, said, “At Tech Mahindra, health, safety and well-being of our associates is core to our business and HR policies and decisions. Helping our people in the US, and bringing them back home reiterates our allegiance towards our core-values and RISE^TM tenets - Accepting no limits, Alternative thinking, and Driving positive change – instilled in every member of the Mahindra family, and visible in all our decisions and organizational practices.”

Tech Mahindra recently also conveyed solidarity in the global fight against COVID-19 through announcement of a temporary tweak in its brand logo. The tweak reflects Tech Mahindra’s agility in adjusting to a global crisis situation. The “e” in the familiar Tech Mahindra logo is now boxed inside the home for the next few weeks, and showcases how Tech Mahindra’s 125,200+ associates have adjusted to the crisis and are meeting the organization’s commitments to keep critical systems running for global clients, including governments, public-sector institutions, healthcare institutions and leading service companies. This is being achieved without compromising on the safety of the employees.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 125,200+ professionals across 90 countries, helping 973 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). 

We are part of the Mahindra Group, a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.  Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Tech Mahindra to Launch Blockchain based Contracts and Digital Rights Management Platform for Global Media and Entertainment Industry

Platform to enable production houses and content creators to track revenue, royalty payments, manage rights and address content piracy by leveraging IBM blockchain

Mumbai – July 08, 2020: Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business reengineering services and solutions, today announced the launch of a new digital platform, branded as ‘Blockchain based Contracts and Rights Management System’ (bCRMS) for the global media and entertainment industry. The platform is designed to enable production houses and content creators to track revenue, royalty payments, manage rights and address content piracy by leveraging IBM blockchain.

Tech Mahindra’s new bCRMS platform is built on open source Hyperledger Fabric protocol and utilizes techniques like content hashing and forensic watermarking to track and trace content. The technology is industry agnostic and thereby it could also be used across other industries like trade, finance and healthcare that have a requirement for intellectual property and secured digital content. Built on IBM Blockchain, the platform will restrict unauthorized access and redistribution of digital content, mitigate content piracy and manage royalty payments. The platform is designed to be scalable and empowers artists, fulfilment partners and distributors with a clear, automated system for accessing and managing payments.

Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra, said, “Fragmentation in the media and entertainment (M&E) landscape has had a profound impact on media consumption. Both media production houses and OTT (Over the top) players are creating intriguing content to improve customer stickiness and gain market share. This has led to an exponential increase in fraud with revenue lost due to online piracy estimated to approximately $ 50 billion by 2022*. As part of our TechMNxt charter, bCRMS is developed to usher in the next generation of digital rights management systems for the media and entertainment industry that orchestrate the entire media content life cycle workflows across pre-production, post-production and distribution phases to enhance revenues, preempt contracts or rights infringement and focus on redefining end customer’s content consumption experience”

bCRMS is designed to provide accurate, near real-time information and insights into the authenticity of content and detect any unauthorized use and distribution. Tech Mahindra is deploying bCRMS on IBM Blockchain for linear broadcast and Over-The-Top (OTT) service providers. Also, Tech Mahindra is part of the IBM public cloud ecosystem to help clients transform their operations and accelerate their hybrid cloud strategies and use blockchain technology to help foster trust and transparency across industries.

“Digital rights management is a pressing problem impacting artists, content creators and advertisers worldwide, potentially costing the industry billions every year. Tech Mahindra’s innovation using IBM Blockchain helps address this challenge with a new approach that offers the digital media market the ability to track the quality and authenticity of content as well as track downloads and usage of content in a clear and flexible manner,” said Alistair Rennie, General Manager, IBM Blockchain. “Tech Mahindra is an important addition to IBM’s growing cloud and blockchain ecosystem.”

Tech Mahindra under its TechMNxt charter has continued its focus on leveraging next-generation technologies including blockchain, to disrupt and enable digital transformation, and to build cutting-edge technology solutions and services for customers globally. Tech Mahindra provides a holistic framework called ‘Block Ecosystem’ comprises of various levers: Block Studio, Block Engage, Block Talk, Block Geeks, Block Accelerate, Block Access & Block Value, which can be used to create industry leading applications that are architected on innovation and human excellence to unlock significant value for clients. Tech Mahindra’s technologists can also assist clients to build Blockchain-Platform-as-a-Service (BPaaS), System Integration and Product Engineering Services on IBM Blockchain.

* https://www.intertrust.com/blog/content-piracy-is-a-big-problem-and-its-hurting-your-roi/

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 125,200+ professionals across 90 countries, helping 973 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). 

We are part of the Mahindra Group, a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.  Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Tech Mahindra and Lucideus Announce Strategic Collaboration to Conduct Annual Cybersecurity Assessment for Organisations Globally

Branded as ‘Most Admired Cyber-Secure Enterprise (MACE)’, the initiative will help corporations globally to measure and mitigate prevailing cyber risks in real-time through a complimentary online assessment

Mumbai - June 23, 2020: Tech Mahindra Ltd., a leading provider of digital transformation, consulting and business reengineering services and Lucideus, a global leader in cyber risk quantification solutions, announced a strategic collaboration to conduct annual cybersecurity risk assessment for global organisations. The initiative is branded as ‘Most Admired Cyber-Secure Enterprise’ (MACE), that will help global corporations measure and mitigate prevailing cyber risks in real-time through a complimentary online assessment. This will be an ongoing annual assessment aimed at bringing the most advanced cyber risk quantification solutions to customers globally, and transform the way businesses monitor cybersecurity currently.

MACE program will play a pivotal role to ensure proactive identification and minimization of these susceptibilities. The participating organizations will be measured and comprehensively evaluated across 25+ parameters including cloud, web and network, email, domain name system, leaked credentials in the deep and dark web, internet protocol & domain reputation, employee enumeration amongst others. Post the assessment, all the participating companies will receive a personalized report that will rate and score them on their present cyber risk posture and the probability of a breach occurring in the next 12 months.

Rajesh Chandiramani, Senior Vice President and Global Business Head ESRM, AI & Data Analytics, Tech Mahindra, said, “Tech Mahindra has been at the forefront in enhancing awareness and minimizing cyber security risks across its clients. With the onset of the prevailing Coronavirus, the imminent threat from increased cyber-attacks and related vulnerabilities has increased exponentially. Today our customers view cybersecurity as not only an essential security tool, but rather a part of board room discussions, as it has emerged as a key differentiator impacting both topline and bottom-line. Through this important strategic initiative, Tech Mahindra endeavors to reiterate its position as the cybersecurity partner of choice by helping our clients be future ready and secure their digital assets through proactive sharing of trends and analytics to mitigate future threats.”

Markets and Markets forecasts the Cybersecurity Market to grow from USD 152.71 billion in 2018 to USD 248.6 billion by 2023 at a CAGR of 10.2%, and this growth will only amplify due to the outbreak of the novel Coronavirus. With the increased adoption of digital technologies, and the new normal of working from home, businesses are susceptible to cyber-attacks now, more than ever.

Saket Modi, Co-founder & CEO, Lucideus, said, “Cybersecurity today is the number one worry for CEOs globally and today businesses are dealing with multiple types of cybercriminals such as data extortionist,, digital robbers, insiders (own employees), terrorists, hactivitists and state actors. There has been a huge rise in the sophistication of cyberattacks and businesses will need to adopt a more proactive and objective approach, in viewing their cybersecurity risk posture. Our partnership with Tech Mahindra will enable organizations to monitor change in real-time in their digital risk posture and make cyber risk an informed business decision”

CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra with John Chambers, Ex-Chairman, CISCO formally announced the launch of the MACE program on 22^nd June, 2020 during a virtual event on how enterprises are accelerating the digital transformation post-COVID19. This collaboration aligns with Tech Mahindra’s TechMNxt charter to deliver innovative and cutting-edge technologies in cyber security and risk management to customers globally.

About Lucideus

Founded in 2012 and headquartered in Palo Alto, Lucideus is a global leader in Enterprise Cybersecurity Risk Quantification (CRQ) platforms incubated from IIT Bombay and backed by Cisco's former Chairman and CEO John Chambers. It protects multiple Fortune 500 companies and governments around the world with its SAFE platform. Lucideus was awarded ‘Emerging Vendor of the Year 2018' by Frost & Sullivan, recognized as a 'Leading Pure-Play VAPT Vendor' by Gartner’s Market Guide in 2019, and awarded “Morgan Stanley CTO Innovation Award 2019”.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 125,200+ professionals across 90 countries, helping 973 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). 

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Tech Mahindra Recognised Among India’s 50 Best Companies to Work for in 2020

Best in ‘Mega Employer’ (more than 50k employees) category; Listed amongst the best ‘Workplaces in Career Management’ 

2.1 million+ employees, 21+ industries in India participated in this study conducted by globally recognised Great Place to Work®️ Institute 

Mumbai – June 20, 2020: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services has been recognised amongst India’s 50 best companies to work for in 2020 by the Great Place to Work®️ Institute. Listed amongst the ‘Best in Mega Employer’ (organizations with more than 50,000 employees), Tech Mahindra is also one of the five ‘Best Companies in Career Management’. Tech Mahindra has achieved the 21^st  rank among India’s 100 ‘Best Companies to Work For 2020: Top 50’ by the Great Place to Work®️ Institute. This was one of the largest workplace study in India, representing the voice of more than 2.1 million employees, over 21 industries.

Tech Mahindra has earned this recognition for creating a great place to work for all the employees and has excelled on the 5 dimensions of building a High-Trust, High-Performance Culture^TM – Credibility, Respect, Fairness, Pride and Camaraderie. The awarding organization, Great Place to Work^®️ Institute, is the ‘Global Authority’ for creating, sustaining and identifying High-Trust, High-Performance Culture^TM. Great Place to Work^®️ is considered the ‘Gold Standard’ in Workplace Culture Assessment and they identify Best Workplaces solely on the basis of Employee Feedback and quality of People Practices in an organization. No jury or individual can influence the results of the assessment.

CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra expressed sincere gratitude, happiness and pride on the achievement. “This is a collective win of 125,000+ people, who resolved to become and build a great institution by working in more than 125,000 different ways, towards a common goal. They were led by purpose, powered by technology and driven by a culture of Rise^TM. We are humbled and honored to be counted among India’s 50 best companies”, he said, as he extended his special thanks to the human resources function.

As a leading digital transformation organization with a global presence, Tech Mahindra is creating memorable and meaningful connected experiences for a world that’s connected by purpose, people, and passion. As a ‘company with a purpose’, Tech Mahindra remains rooted in the business and social ethos shared by the entire Mahindra Group through the Rise^TM tenets - accepting no limits, alternative thinking, and driving positive change, that are instilled in every member of the Mahindra family. The same has been demonstrated through initiatives like - ‘Don’t be plastic’, ‘3-4-3 for Good’ amongst others. 

Harshvendra Soin, Global Chief People Officer and Marketing Head, Tech Mahindra, said, “We, at Tech Mahindra, believe the future of work is ‘Human-Centred’. Our focus has been on providing  ‘meaningful work’ and creating an enabling environment where our employees feel trusted, respected, recognized and empowered. As a mega employer, having a dispersed and large workforce, we leveraged technology to create hyper personalised experiences and Moments of Truth that embedded ‘People Engagement’ in our core business strategy, TechMHRNxt.”

The  Great Place to Work (GPTW)™ certification validates Tech Mahindra’s  philosophy of providing a workplace culture centered around driving positive change, celebrating each moment, and empowering all associates to Rise^TM. Embarked on an HR transformation journey called TechMHRNxt, Tech Mahindra is focused on empowering its associates by providing them with opportunities of connecting, co-creating, and celebrating at work. Through a myriad of wellness programs, upskilling options, reward and recognition efforts, progressive policies for diversity and inclusion, Tech Mahindra is fostering an environment where learning, growth and innovation is promoted. Under its latest #lovetobeTechM initiative, the associates are encouraged to  share anecdotes, stories and testimonials on – celebrating good times, surviving the tough times and preparing for the future – together.

Tech Mahindra under its TechMHRNxt charter, focuses on reimagining people function for creating ‘Human Centred workplace’  and enhance employee experience by leveraging next-generation technologies along with human interactions . Associates at Tech Mahindra are digital change makers who are here to disrupt, blaze new trails, and create connected experiences for a connected world.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 5.2 billion company with 125,200+ professionals across 90 countries, helping 973 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).  

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Connect with us on www.techmahindra.com ||