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Synergizing Operations: Tech Mahindra completed its merger with Mahindra Satyam last quarter, fulfilling the commitment made in April 2009. This is one of the largest mergers in the Indian corporate space. The total head count now stands at 83,063. With this major development and powered by an entrepreneurial culture, Tech Mahindra is leveraging its collective expertise in cloud, analytics, social, security, mobility, and networks to create digital enterprises globally. The number of clients has grown from 131 to 150 clients organically.
The Year that Was: Over the year the company launched its new branch in Istanbul, and aims to develop Turkey as a near shore centre for specialized services. It established its first European testing lab in Sweden, and inaugurated a new development centre in Toronto for a banking client. Tech Mahindra entered a global partnership with ThingWorx for its machine-to-machine (M2M) solutions.
Key Wins: The company's order book is brimming. Some of the deals won this year include a large reinsurer in Europe, a leading European mobile telephone major, one of the top 4 banks in Australia, a wireless broadband services provider in Africa, a South Africa based fashion retail company, an American Fortune 500 managed healthcare company, a mobile commerce solution company in New Zealand, a global nutrition, health and wellness company, a strategic energy and utilities account, a Fortune 10 energies and utilities company, a US wireless services provider, and a multi-million dollar system integration and managed services deal across 6-7 countries in Asia and Africa by a leading emerging market telco.
On Geographies: Tech Mahindra over the year continuously expanded on its geographical footprints. For instance, in FY13 it strengthened its presence in markets such as Latin America and Africa, and looked for higher opportunities in Europe. The company feels regions like Asia, Africa, and Middle East were good for them and they have been able to improve earning capabilities there by a fairly decent margin. The US business is growing and discretionary spend is coming, however, it continues to be extremely competitive. They are expecting best business results from Europe in terms of new businesses opportunities brought together by a diversified portfolio in telecom.
Up Ahead: As we look ahead Tech Mahindra need to look for new opportunities and service offerings like BI, analytics, cloud , M2M, network testing, and mobile data services among others.