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Tech Mahindra planning to invest Rs 700 crore in products & platforms division in next 2 years

06 Mar 2023 Evaluate

Tech Mahindra is planning to invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of $450 million.

The company will be leveraging on existing customers who will form the first of the clients for the products and platforms offerings, and also the embedded domain knowledge it has earned by working for customers.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

Peers
Company Name CMP
TCS 2428.50
Infosys 1121.00
HCL Technologies 1412.20
Wipro 193.50
Tech Mahindra 1769.40
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