Tech Mahindra - Mahindra Satyam Merger Consummated
NEW DELHI, June 25, 2013
NEW DELHI, June 25, 2013 /PRNewswire/ --
Announces new brand identity
Tech Mahindra Limited, a specialist provider of information technology (IT)
solutions and services to the telecommunications industry, and Mahindra
Satyam, a leading global consulting and IT services provider, today announced
the formal amalgamation of Mahindra Satyam with Tech Mahindra.
(Logo: http://photos.prnewswire.com/prnh/20130625/623008 )
The Company is amongst the top 5 Indian IT services companies and the merged
entity creates a technology services powerhouse, with revenues of USD 2.7
Billion, a team of 84,000 professionals servicing 540 customers across 46
The brand dons a new look and logo, reflecting the heritage of the Mahindra
Group and our positioning represents the new connected world, offering
innovative and customer-centric services and solutions.
"Today we have fulfilled the commitment made in 2009, when we acquired Satyam,
to jointly become one-of-the largest, diversified players leveraging
Technology for Business Solutions. Tech Mahindra is a testimony to the
tireless efforts of our associates and the trust reposed by our investors.
I'm confident that we are now geared to grow even faster in the future," said
Anand Mahindra, Group Chairman, Mahindra & Mahindra.
"Over the past four years while we worked through the statutory and legal
issues, our teams worked closely on the ground to integrate processes,
eliminate overlaps, leverage best practices and deliver enhanced value to all
our stakeholders. Today, as we formally become one, our unified Go-To-Market
strategy will allow us to meet the growing needs of businesses with renewed
vigor and pro-activeness," said Vineet Nayyar, Executive Vice Chairman, Tech
Speaking on the occasion, CP Gurnani, Managing Director, Tech Mahindra said,
"Consumerism across today's connected world is being fuelled by a convergence
of technologies. Our new positioning 'Connected World. Connected Solutions.'
reflects this business opportunity and reality. Our innovative and customer
centric offerings integrate technology with business, enabling Enterprises,
Associates and the Society to Rise. I thank all stakeholders for their
continuous and unfailing support at all times."
The Boards of Tech Mahindra and Mahindra Satyam had approved the merger on Mar
21, 2012. After an approval from Mumbai high court, the merger had been
awaiting clearance from the Andhra Pradesh High Court, which gave the nod on
Jun 11, 2013.
About Tech Mahindra
Tech Mahindra is a leading provider of information technology business
solutions for several industries worldwide. The Company offers telecom
solutions, business consulting across platforms, products and services,
leveraging deep industry and functional expertise, leading and futuristic
technology practices with a global delivery model to help businesses value
enhancement and improvement of performance. Their professionals excel in
enterprise solutions, supply chain management, client relationship management,
business intelligence, business processes, engineering and product lifecycle
management, infrastructure services, among other services.
A SEI-CMMi Level 5 organization, Tech Mahindra development centers serve
global businesses in the United States of America, Canada, Brazil, the United
Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China,
Malaysia, Singapore, and Australia and serves numerous clients, including many
Fortune 500 organizations.
For more information, see http://www.techmahindra.com
Follow us on Twitter: http://twitter.com/tech_mahindra
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About Mahindra Group
The Mahindra Group focuses on enabling people to rise through solutions that
power mobility, drive rural prosperity, enhance urban lifestyles and increase
A USD 16.2 billion multinational group based in Mumbai, India, Mahindra
employs more than 155,000 people in over 100 countries. Mahindra operates in
the key industries that drive economic growth, enjoying a leadership position
in tractors, utility vehicles, information technology and vacation ownership.
In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace,
components, consulting services, defence, energy, financial services,
industrial equipment, logistics, real estate, retail, steel and two wheeler
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the
biggest and most powerful listed companies in the world.
Visit us at http://www.mahindra.com
For further enquiries
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