Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Tech Mahindra’s long term bank facilities worth Rs 900 crore and ‘A1+’ rating to company’s short term bank facilities worth Rs 300 crore. The ratings of Tech Mahindra (TML) factor in its strong parentage (Mahindra & Mahindra; rated ‘AAA/A1+’), its extensive track record with a diversified business profile, a strong and experienced management team, strong debt metrics and a robust capital structure.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.
