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Follow UsCEO: CP Gurnani www.mahindrasatyam.com
Mega Merger: Tech Mahindra announced the formal amalgamation with Mahindra Satyam which had finally received all the necessary government approvals. The turnaround of Mahindra Satyam is symbolically complete with its announcement of an annual revenue of about `7,693 crore.
Earlier, it beat the industry growth rate with over 20% increase in revenues compared to the last financial year. Passing the Baton: One of the headlining changes in the last financial year was roping in Manoj Chugh as global head, business development. He is quite active in implementing the young CEO program which encourages the organization to create an environment where every associate believes that he/she owns the place and takes complete responsibility and aligns with the mission of the company.
Add Ons: Mahindra Satyam won a large multi-year multi-million contract from a large APAC based Paper & Packaging giant for end-to-end ownership and business transformation for IT applications and infrastructure. They are also selected by a leading US based automobile company to develop and transform its warranty business. The company intends to leverage its alliance with Pega to create a global ‘One Warranty' system for the customers. It also won a significant deal in enhancing manufacturing operations based on intelligent manufacturing processes for a large natural resources company.
On Geographies: Mahindra Satyam claims that it is seeing signs of recovery in the US though recession still holds down in parts of Europe. In Europe, acceptance of reducing some barriers that allows easier flow of technology from India and elsewhere is becoming a reality. Asia, Africa, and middle east were good while Australia and New Zealand were even better economically.
Vertical Strength: Manufacturing comes out as a strong vertical this year as the company sees an increased traction in it, particularly in the US and parts of Europe in countries like Germany, France, and Sweden. Manufacturing has led the quarter with 9.9% growth. Technology, media, and entertainment have grown 1.4% while the rest of the sectors have shown a small decline. Manufacturing, aerospace, and discreet manufacturing are interesting to them. APAC continues to be a strong contributor as well. From a technology, media, and entertainment standpoint, the company observed that enterprise software is increasingly getting aligned with big data and data management initiatives. There is also an improved traction from the semiconductor space.