Mahindra Satyam's Australia unit is mulling to make acquisitions worth $50-100 million, in the areas of banking and financial services, healthcare, mining and become a $750-million company by 2015. The company believes that treasure trove in Australia is reasonably big and that Australian market is a big market on a worldwide basis. Further, Satyam is also looking at ramping up hiring with special focus on building domain skills.
Earlier this month, the diversified Mahindra Group announced the long-awaited merger of Mahindra Satyam with its another technology arm Tech Mahindra in an all-share deal that would create India's fifth largest software firm with an estimated annual revenue of about $2.4 billion. However, after the merger with Tech Mahindra is completed this year, 80 percent of the company’s employees would cater to Australian customers.
