Tech Mahindra

What Tech Mahindra does

Tech Mahindra Limited (NSE: TECHM), part of the Mahindra Group, is a publicly listed India-headquartered IT services and consulting company that serves 1,100+ enterprise clients across 14 industries and 90+ countries with a workforce of 149,000+ professionals. The company generates revenue primarily through professional services engagements, multi-year managed services contracts, and digital transformation projects, with its largest segments being Banking & Financial Services and Communications/Telecommunications.

The company's core technology platform is TechM Orion, an enterprise-grade agentic AI platform supporting the full AI lifecycle from agent creation and RAG configuration through deployment, monitoring, and governance (via TechM VerifAI). Tech Mahindra has also developed Project Indus, a sovereign Hindi-first 8-billion-parameter Large Language Model built with NVIDIA NeMo, alongside domain-specific AI agents for pharmacovigilance, network operations, autonomous QA for DevOps, and payment assistance. Supporting capabilities include the SmartVirtual work-from-home CX platform, the NXT.NOW digital transformation framework, and Makers Lab as an R&D engine for emerging technologies including quantum computing and Small Language Models via a partnership with UCL.

Commercially, Tech Mahindra operates through direct enterprise field sales and a partner channel ecosystem that includes NVIDIA, Microsoft, Google Cloud (Partner of the Year 2026), Cisco, Rubrik, and Telefónica Germany. Revenue is reported in Indian rupees, with FY24 revenue of Rs 51,995.50 crore (approximately $6.2B USD) and Q4 FY26 EBIT of Rs 7,152 crore (up 39.2% YoY) under CEO Mohit Joshi. The company has executed multiple strategic acquisitions since 2020 (including BrainScale, Allyis Group, Activus Connect, Thirdware, and Avant Techno Solutions) to build capabilities in cloud, CX, IoT, and payments, while liquidating underperforming subsidiaries such as HCI Group Australia in 2026.

Name

Tech Mahindra

Legal name

Tech Mahindra Limited

Website

https://techmahindra.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Tech Mahindra Limited is a publicly listed Indian IT services and consulting company that delivers AI-driven digital transformation, cloud infrastructure, and agentic AI platforms (TechM Orion, Project Indus) to 1,100+ enterprise clients across 14 industries and 90+ countries.

Ownership category

akta.pro rank

Product category

IT Services and Consulting

NAICS

Computer Systems Design and Related Services (54151), Professional, Scientific, and Technical Services (54), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)

akta.pro primary industry

Emerging Tech (IoT, Blockchain, AR/VR, Edge) Consulting (BPAHAEAL)

akta.pro secondary industries

LLMOps & Generative AI Platforms (Prompt/Agent Orchestration, RAG) (HDAEANAD), Data Science, Machine Learning & AI (Modeling, MLOps, GenAI) (EDABAFAE)

Keywords

• IT consulting services
• Digital transformation services
• Cloud infrastructure services
• Enterprise AI platforms
• Business process services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. IT Services and Consulting: Technology consulting and digital solutions including application services, cloud infrastructure, engineering services, data analytics, and business process services. Revenue generated through project-based engagements and long-term managed services contracts with global enterprises.
2. Managed Services: Ongoing managed services including infrastructure management, application management, and business process outsourcing. Typically structured as multi-year contracts with recurring revenue.
3. Digital Transformation Projects: Consulting-led transformation services for digital process automation, AI implementation, and enterprise modernization. Revenue recognized through project milestones.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Tech Mahindra is a global IT services and consulting company that delivers digital transformation, application services, cloud infrastructure, network services, cybersecurity, engineering services, data analytics, AI/ML, and business process services to enterprise clients. It also offers proprietary platforms such as the TechM Orion agentic AI platform, the TechM Orion Marketplace, the Project Indus Hindi-first LLM, and the SmartVirtual CX platform. The company serves 1,100+ enterprise clients across 14 industries with 149,000+ professionals operating from 90+ countries.

Product overview

Tech Mahindra offers a portfolio of AI-powered platforms and services organized around its Scale at Speed promise. Core platforms include TechM Orion (enterprise agentic AI platform) and TechM Orion Marketplace (AI agent marketplace), which together provide end-to-end AI lifecycle management from agent creation through deployment and monitoring. Project Indus delivers sovereign Hindi-first LLM capabilities for educational and vertical-specific applications. The company provides specialized services including Agentic Development and Modernization Services (autonomous QA for DevOps), AI-Driven Autonomous Network Operations for telecom CSPs, and Agentic Payment Assistance. Supporting these are innovation unit Makers Lab, NXT.NOW transformation framework, SmartVirtual CX platform, and Global Capability Centers. The portfolio spans AI/ML, cloud infrastructure, digital enterprise applications, engineering services, and business process services across 14 industries.

Differentiator

Problem solved

Functional benefit

Brands

• Project Indus: India's own large language model initiative for Indic languages, starting with Hindi and 37+ dialects
• TechM Orion
• TechM Orion Marketplace
• Makers Lab
• NXT.NOW
• RISE
• Scale at Speed

Products and services

• TechM Orion
• TechM Orion Marketplace

Quantifiable outcome

• Q4-FY26 EBIT of Rs 7,152 crore, up 39.2% YoY
• +7 more outcomes

Named customers14 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability12 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core, strategic and minor.

• Telefónica GermanycoreStrategic or Co-development Partner · 23 June 2026Multi-year partnership to build a next-generation private cloud platform and Platform-as-a-Service offering. The platform will support telecom and enterprise workloads in Germany, providing compute, storage, backup, containers, GPUs, and ransomware protection services. Combines Tech Mahindra's platform engineering and AI-first operations with Telefónica Germany's infrastructure modernization objectives.
• ViamstrategicTechnology or Integration · 18 June 2026Partnership to provide enterprise clients with access to Viam's platform for managing and maintaining robotic fleets at scale. Tech Mahindra plans to expand its dedicated robotics and automation practice and train cohorts of engineers on the Viam platform. Addresses enterprise challenges around fragmented software ecosystems, integration complexities, and real-time fleet visibility.
• NVIDIAcoreTechnology or Integration · 3 March 2026Collaboration to introduce industry-first AI-powered Telco Network Operations Reasoning Agent. Solution delivered through Tech Mahindra's Orion platform, combining AI engineering with NVIDIA AI Enterprise software. Provided 2-3x improvement in accuracy compared with non-fine-tuned model.
• University College London (UCL)strategicStrategic or Co-development Partner · 20 February 2026Collaboration for joint research and solution development in Generative AI and quantum computing. Focus areas include world models, domain-specific Small Language Models, quantum machine learning, quantum security, and industry-specific AI use cases. Engagement driven by Tech Mahindra's Makers Lab and joint research teams from UCL.
• NVIDIAcoreTechnology or Integration · 20 February 2026Collaboration for Project Indus Education LLM powered by NVIDIA. Uses NVIDIA NeMo framework and deployment through NVIDIA NIM microservices. Developed using advanced AI frameworks with 8-billion-parameter architecture. Employed innovative techniques including generating half a billion synthetic tokens with NVIDIA NeMo Data Designer.
• SynaXGstrategicStrategic or Co-development Partner · 11 February 2026MoU to jointly accelerate development and deployment of AI-native, software-defined, and energy-efficient wireless network solutions. Collaboration brings together SynaXG's advanced RAN software stack and AI-RAN intelligence platform with Tech Mahindra's digital transformation expertise and multi-vendor network capabilities.
• MicrosoftcoreTechnology or IntegrationCollaboration to launch Ontology-Driven Agentic AI Platform. Strategic partnership for enterprise AI solutions.
• CiscostrategicStrategic or Co-development PartnerPartnership to launch Cyber Resilience Fabric - comprehensive cybersecurity solution for enterprises.
• RubrikstrategicTechnology or IntegrationPartnership to deliver AI-powered Cyber Recovery as a Service solutions.
• FortinetstrategicTechnology or IntegrationPartnership to deliver managed SASE (Secure Access Service Edge) solutions for secured digital transformation.
• Google CloudcoreChannel Partner/ Reseller/ DistributorNamed Google Cloud Partner of the Year 2026. Collaborative go-to-market for cloud transformation solutions.
• SCSK APminorStrategic or Co-development PartnerPartnership to drive global growth in Computer-Aided Engineering solutions.
• FICOstrategicStrategic or Co-development PartnerPartnership to accelerate AI-driven decisioning for banking sector.
• Jaipur Literature FestivalminorGTM or Marketing PartnerPartnership to launch Tech Mahindra Global India Book Prize, recognizing outstanding books that advance global understanding of India.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• LTIMindtree: Indian IT services peer with comparable BFSI and high-tech vertical exposure; competes for similar transformation and managed services deals.
• Persistent Systems: Mid-sized Indian IT services peer increasingly competing in AI-led digital transformation with similar hyperscaler partnership strategy and BFSI/telecom vertical exposure.
• Infosys: Direct Indian IT services peer with comparable scale, AI platform strategy (Topaz), and overlapping enterprise customer base across BFSI, retail, telecom, and manufacturing verticals.
• Tata Consultancy Services (TCS): Largest Indian IT services firm with similar digital transformation, AI/GenAI, and consulting offerings; competes head-to-head for the same enterprise clients globally.
• Wipro: Indian IT services peer with comparable consulting-led digital transformation practice (Wipro ai360) and similar BFSI/telecom vertical exposure.
• HCL Technologies: Direct Indian IT services peer competing on engineering services, cloud, and AI offerings with overlapping telecom and BFSI client base.
• Accenture: Global consulting and IT services leader with extensive GenAI/agentic AI practice; directly competes for large transformation deals with TM's enterprise customers.
• Cognizant: IT services peer with similar BFSI/communications vertical focus and digital transformation offerings; comparable mid-to-large enterprise delivery model.
• Capgemini: Global IT services and consulting peer with comparable AI/data offerings and similar enterprise transformation engagements, especially in Europe where TM is growing.

Broad incumbents

• IBM Consulting: Broad incumbent with hybrid cloud, AI (watsonx), and consulting offerings that overlap TM's enterprise transformation practice as part of a much larger portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tech-mahindra
• YouTubeyoutube.com/channel/techmahindralimited
• Xx.com/Tech_Mahindra
• Facebookfacebook.com/TechMahindra

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A31 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tech Mahindra