Tech Mahindra Ltd.

Tech Mahindra, India’s sixth-largest information technology (IT) services and solutions firms, is planning to double the revenue from the banking, financial services and insurance (BFSI) vertical over the next three years. At present, BFSI is about 10 per cent of the company’s revenue pie.

Tech Mahindra - which has been on an acquisition drive, adding capability in niche areas and expanding footprints in new geographies - acquired Swedish firm SOFGEN recently. This is Tech Mahindra’s first acquisition in the banking space.

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.