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Tech Mahindra

Tech Mahindra Limited is an multinational services and consulting headquartered in , , and a of the , a founded in 1945. Established in 1986 as Mahindra British Telecom through a between and British Telecom, it rebranded to Tech Mahindra Limited in 2006 and specializes in , offering end-to-end solutions including consulting, enterprise applications, , network services, , AI and analytics, cloud infrastructure, and engineering services to over 1,100 global clients across more than 90 countries. With a workforce exceeding 152,000 employees, Tech Mahindra generates annual revenue of over USD 6.2 billion and focuses on enabling enterprises to achieve scalable growth through innovative technologies like generative AI, cybersecurity, and next-generation global capability centers. The company has earned recognition for its sustainability efforts, including inclusion in the Dow Jones Sustainability Index, and its digital prowess, such as ranking in the Forbes Digital 100. Under the leadership of CEO and Managing Director Mohit Joshi, appointed in 2024, Tech Mahindra continues to emphasize purpose-driven performance, powering industries including telecommunications, manufacturing, banking, retail, and healthcare with agile, resilient solutions.

Company Profile

Founding and Ownership

Tech Mahindra was established on October 24, 1986, as Mahindra British Telecom (MBT), a between Limited and British Telecommunications plc (now ), with an initial focus on providing software services for the sector. The venture was incorporated under the , in , , and commenced operations in 1987, initially issuing seven equity shares at Rs. 10 each to lay the foundation for its growth in IT outsourcing. The initial equity structure allocated 60% to and 40% to , reflecting a that leveraged Mahindra's industrial expertise and BT's . Over the years, ownership evolved through bonus issues, preferential allotments, and share consolidations; by 2000, BT's stake had increased to approximately 43% following a significant business commitment. In 2006, amid BT's gradual reduction in involvement and the company's (IPO), MBT was renamed Tech Mahindra Limited, effective February 3, 2006, to better align with its expanding technology services identity and reduce association with its original JV branding. Post-IPO, BT's stake dropped to 36.2%, while retained a majority holding of 51.3%. BT Group's divestment continued progressively, with sales of stakes in 2010, 2012, and culminating in the disposal of its remaining 9.1% shareholding in December 2012, marking a complete exit from the company. This transition resulted in full ownership under the , positioning Tech Mahindra as a key within the conglomerate's diversified portfolio that spans automotive, IT, and . As a wholly owned entity of , Tech Mahindra benefits from integrated resources and strategic alignment, contributing significantly to the group's global technology and consulting capabilities.

Leadership and Governance

Tech Mahindra's leadership is headed by Anand G. Mahindra as Non-Executive Chairman of the Board, a position he has held in affiliation with the , providing strategic oversight to the company's operations within the conglomerate. Mahindra, who graduated from and , has guided the group's expansion across sectors including IT, leveraging his experience in key acquisitions and initiatives like the Nanhi Kali education program. The Managing Director and is Mohit Joshi, appointed in December 2023 following his designation as CEO designate earlier that year, bringing extensive background in IT consulting from his prior role as co-president at . Joshi, a member of the Executive Board, has emphasized strategies, including integration and growth in sectors like banking, , and . Key executives supporting the leadership include Atul Soneja as , appointed in August 2023 with over 28 years of experience in technology operations and strategic execution. Rohit Anand serves as since June 2022, managing financial strategy and operations with prior expertise from and . The Board of Directors comprises a mix of executive, non-executive, and independent directors, ensuring diverse expertise in technology, finance, and governance; notable members include as Lead Independent Director, a former MD and CEO of with deep knowledge in banking and insurance. Other directors include Dr. Anish Shah ( and MD/CEO of ), Dr. Mukti Khaire, and Mr. Haigreve Khaitan. Tech Mahindra's governance structure emphasizes transparency and accountability through several board committees, including the (chaired by Tarun Bajaj), Nomination and Remuneration Committee (chaired by ), and Committee (chaired by Penelope Fowler), all led by independent directors to maintain impartiality. The company complies with Indian corporate laws, particularly SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through policies on whistleblower protection, related party transactions, and regular disclosures. Recent changes in leadership include the 2023 transition to Mohit Joshi as MD and CEO, aimed at accelerating the company's agenda amid evolving market demands in and cloud technologies. In May 2025, senior elevations were announced to bolster regional and functional leadership, aligning with strategic growth initiatives.

History

Early Years and Formation (1986–2005)

Mahindra British Telecom (MBT), the precursor to Tech Mahindra, was established on October 24, 1986, as a between Limited and British Telecommunications to provide services, with an initial focus on developing software for BT Group's clients from operations based in . Business operations commenced in 1987, leveraging India's emerging pool of engineering talent to deliver cost-effective software solutions, including applications and systems integration tailored for global operators. Early efforts centered on supporting BT's multinational clients through , transitioning from initial "body shopping" models—where engineers were deployed onsite in the UK—to a more scalable project-based approach by the late . The company experienced rapid operational growth, establishing multiple development centers across , including in , , , , , , and , to capitalize on Software Technology Park incentives and enhance delivery capabilities for telecom software products. Key milestones included receiving ISO 9001 certification in 1994 for , achieving (CMM) Level 5 assessment in 2002—the highest level for software process maturity—and incorporating the first overseas subsidiary, MBT International Inc., in 1993. Employee numbers expanded significantly from a few dozen at inception to 3,838 by March 31, 2004, and 4,873 by March 31, 2005, reflecting a of approximately 57% in headcount during the early amid rising demand for telecom IT services. This period also saw revenues grow to approximately USD 162 million by FY2004 (ended March 31, 2004), with approximately 90% derived from , underscoring the company's deepening expertise in telecom solutions. MBT navigated several challenges, including the dynamics of the structure, where differing strategic priorities and corporate cultures between Mahindra and BT occasionally created tensions, alongside heavy revenue dependence on a single client. India's in 1991, which dismantled licensing restrictions and opened the IT sector to greater foreign and , provided a broader market but intensified pressures on nascent firms like MBT to diversify beyond BT while adapting to global standards. In preparation for its public listing, MBT undertook internal restructuring in , including the acquisition of Tech Mahindra (R&D Services) Limited for Rs. 1,755.06 million to bolster research capabilities and consolidate operations, alongside share consolidations to strengthen its financial position. These steps positioned the company for diversification and growth in the evolving IT landscape.

Expansion and Satyam Merger (2006–2013)

In 2006, Mahindra British Telecom underwent a significant rebranding to Tech Mahindra Limited, reflecting its evolving focus on technology services beyond its initial telecom roots. This change coincided with the company's initial public offering (IPO) on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), which opened on August 1 and closed on August 4, with shares priced in a band of ₹315 to ₹365. The IPO, comprising a fresh issue and an offer for sale, raised approximately ₹465 crore to fund expansion initiatives, including geographic diversification and service enhancements, marking Tech Mahindra's transition to a publicly traded entity. The company's growth accelerated through its acquisition of Satyam Computer Services in 2009, following the latter's accounting scandal. Tech Mahindra secured an initial 51% stake via a government-mediated for approximately ₹2,889 crore at ₹58 per share, valuing Satyam at around $1.6 billion at the time. Satyam was subsequently rebranded as in June 2009 to signal stability under oversight. This stake was later expanded, culminating in a full merger approved in March 2012 and consummated on June 24, 2013, at a total value of approximately $1.8 billion through a share swap ratio of 1 Tech Mahindra share for every 8.5 shares. The merger required navigating regulatory hurdles, including approvals from the , stock exchanges, and high courts in and , amid lingering scrutiny from the 2009 Satyam involving falsified accounts worth over $1 billion. Integration posed substantial challenges, including cultural alignment between Tech Mahindra's structured, telecom-centric operations and Satyam's broader, scandal-tainted environment. Efforts to harmonize management practices and employee mindsets were complicated by differences in organizational hierarchies and service delivery models. Additionally, Tech Mahindra identified over excess employees within Satyam's 40,000-strong shortly after the acquisition, leading to phased layoffs through , salary adjustments, and voluntary separations to optimize costs without mass retrenchment. These measures, combined with client retention drives, helped stabilize operations despite initial revenue dips from the scandal's fallout. Further consolidating Mahindra Group's control, British Telecom (BT) fully exited its stake in 2012 by divesting its remaining 9.1% holding for ₹1,011 in , following an earlier sale of 14.1% in August. This divestiture reduced BT's influence from its original 43% position, allowing Tech Mahindra to pursue independent strategies. By fiscal year 2013, these developments drove revenue growth from approximately ₹1,200 in 2006 to over ₹10,000 (combined post-merger basis), establishing Tech Mahindra as a top-tier IT services provider with expanded scale.

Growth and Modern Era (2014–Present)

Following the stabilization after the 2009 Satyam acquisition, Tech Mahindra shifted its strategic emphasis toward , particularly , artificial intelligence (), and services, to drive operational efficiency and client innovation. This pivot enabled the company to secure significant deal wins in and sectors, with AI contributing to 57% of client engagements by FY25. Employee headcount expanded steadily, reaching 148,731 professionals as of March 31, 2025, and 152,714 as of September 30, 2025, reflecting investments in talent acquisition and upskilling programs focused on digital competencies. By 2019, Tech Mahindra had solidified its position as the fifth-largest Indian IT services firm by revenue, underscoring its growth trajectory amid competitive pressures. A pivotal initiative came in 2016, when Tech Mahindra launched its journey, introducing repeatable s for platform-based solutions to accelerate client migrations to cloud and ecosystems. This emphasized end-to-end and consulting services, positioning the company as a leader in next-generation IT services. To bolster capabilities, Tech Mahindra formed strategic partnerships, including a 2025 collaboration with and AWS to develop a Multi-Modal Network Operations Large Model for , enhancing and operational . These alliances extended to initiatives like Project Indus, an Indic , and the amplifAI suite, which integrated generative for industry-specific applications such as , as well as a 2025 partnership with to overhaul network operations using . The in 2020–2021 prompted Tech Mahindra to accelerate infrastructure and digital client delivery, establishing a centralized "War Room" to ensure business continuity across global operations. This included rapid deployment of virtual collaboration tools and cloud-based platforms, enabling seamless transitions for over 75% of its India-based workforce to remote setups while maintaining service levels for clients in healthcare and . The company also repurposed facilities for emergency medical support and enhanced cybersecurity measures to address heightened digital risks during the crisis. Under Mohit Joshi's leadership as CEO and Managing Director since 2023, Tech Mahindra intensified its agenda, integrating environmental goals into core operations with a target by 2035 and water positivity by 2030, as validated by the . This included boosting usage to 22.65% in FY25 and launching green tools like Green CodeRefiner™ to reduce carbon footprints in . Financially, the company reported a 76.5% year-over-year increase in profit after tax (PAT) to ₹1,167 for Q4 FY25, driven by robust deal wins totaling $2.7 billion. Key milestones included sponsoring the inaugural Global Chess League in 2023 as a to promote chess through technology platforms, fostering in .

Business Operations

Core Services and Solutions

Tech Mahindra's core services primarily encompass IT consulting and software services, which accounted for approximately 84% of its consolidated revenue in 2025. These offerings include application , testing, and maintenance, enabling clients to modernize legacy systems, implement digital transformations, and optimize enterprise applications through end-to-end lifecycle management. The company leverages a blend of traditional and cloud-native technologies to deliver scalable solutions, focusing on efficiency and integration across diverse IT environments. Complementing these, (BPO) services contribute around 16% to revenue, emphasizing management and back-office support. This segment provides for processes such as contact center operations, , and compliance management, utilizing AI-driven tools to enhance operational resilience and reduce costs. In emerging solutions, Tech Mahindra has developed and platforms, including TechM Orion for agentic AI execution, supporting applications and . The firm also offers network services through dedicated labs, enabling end-to-end transformations in open RAN and . Cybersecurity solutions incorporate -infused operations and quantum-secure protocols to address evolving threats, while implementations focus on secure contracts, traceability, and compliance. The company's delivery model employs a Global Delivery approach integrated with agile methodologies, facilitating rapid iteration and hybrid deployments. In Q2 FY2026, Tech Mahindra reported revenue of ₹13,995 crores, up 4.8% quarter-over-quarter, with $816 million in wins driven by platforms. Proprietary tools such as for and UNO for unified operations streamline processes, minimizing manual efforts and ensuring consistent quality. Supporting these capabilities, Tech Mahindra maintains over 50 innovation labs and centers of excellence worldwide, with a focus on for connected ecosystems, AR/VR for immersive experiences, and for advanced simulations. These facilities drive co-innovation with partners, fostering practical advancements in disruptive technologies.

Key Industries and Clients

Tech Mahindra primarily serves the , , healthcare, , and sectors, leveraging its expertise to deliver tailored solutions. The company's core heritage in stems from its origins as a with in 1986, where it provided IT and engineering services, establishing a strong foundation in and for telecom operators. This legacy has positioned Tech Mahindra as a leader in telecom IT services, recognized for its capabilities in , AI-driven networks, and operational efficiency. In manufacturing, Tech Mahindra focuses on Industry 4.0 solutions, including IoT-enabled connected factories and digital twins, often in synergy with the Mahindra Group's automotive operations to enhance visibility and . For healthcare, the company develops platforms such as HealthNxt, a care solution that integrates telemedicine, diagnostics, and electronic health records (EHR) to enable remote consultations and patient-centric care. In , Tech Mahindra offers governance, risk, and compliance (GRC) tools powered by and to support regulatory adherence, fraud detection, and personalized banking services. Retail solutions emphasize omnichannel experiences and through and . Notable client relationships include long-term partnerships with companies such as , where Tech Mahindra manages network applications under a multi-year, $1 billion agreement announced in 2019 to support transformation, and a November 2025 licensing agreement for advanced network testing and automation platforms; for IoT product development; for customer experience enhancements across mobile and fixed services in and ; and for cabin and cargo design engineering. These collaborations illustrate Tech Mahindra's application of services in high-impact areas, including network modernization and . As of fiscal year 2025, Tech Mahindra maintains over 1,100 active clients globally, including 162 firms, with contributing approximately 50% of its revenue through key and engagements.

Acquisitions and Subsidiaries

Major Acquisitions

Tech Mahindra's acquisition of Satyam Computer Services in 2009 marked a pivotal expansion, with Tech Mahindra securing a 51% stake through a government-backed for approximately $300 million initially, valuing the distressed firm at around $1.1 billion and ultimately leading to full integration by 2013 at a total cost nearing $1.75 billion. This deal added over 50,000 employees to Tech Mahindra's workforce and broadened its client base in IT services, transforming it into one of India's largest software exporters despite integration challenges. In 2015, Tech Mahindra, in partnership with , acquired a 76.06% stake in Italian design firm S.p.A. for €168 million (approximately $185 million), gaining expertise in automotive and services. The acquisition enhanced Tech Mahindra's engineering and product design capabilities, enabling deeper penetration into the automotive sector and supporting global manufacturing clients through advanced styling and prototyping solutions. Tech Mahindra further strengthened its digital infrastructure in 2021 by acquiring 100% of U.S.-based DigitalOnUs for $120 million, a provider of hybrid and services. This move bolstered capabilities in -native engineering, , and optimization, facilitating faster deployment of AI-integrated solutions for enterprise clients. To advance its telecommunications portfolio, Tech Mahindra acquired Lightbridge Communications Corporation in late 2014 for $240 million, with merger into Tech Mahindra Network Services International, Inc. effective , 2023. Specializing in network engineering and technologies, Lightbridge added specialized services in wireless infrastructure and data analytics, positioning Tech Mahindra as a key player in global telecom transformations; it continues to contribute through related party operations as of 2025. More recently, in 2022, Tech Mahindra acquired Com Tec Co IT Ltd. (CTC), a Cyprus-based IT consulting firm, for €310 million (approximately $353 million), focusing on engineering for and . This acquisition expanded nearshore delivery capabilities in and enhanced insurtech solutions. In 2024, Tech Mahindra acquired Cybertech Services for AUD 5 million, further augmenting services. By September 2025, Tech Mahindra had completed a total of 36 acquisitions across IT services and sectors. As of November 2025, the company continued streamlining operations, including the of a wholly-owned on September 8, 2025, with no material financial impact. These acquisitions have collectively enhanced Tech Mahindra's and portfolios, with integrations like DigitalOnUs and Lightbridge driving scalable adoption—reaching 57% of clients by FY2025—and generating revenue synergies through expanded service offerings and operational efficiencies. Under the Mahindra Group's strategy, such moves have supported diversified growth in digital engineering and global market leadership.

Key Subsidiaries and Investments

Tech Mahindra maintains a network of over 140 unlisted subsidiaries worldwide as of March 31, 2025, enabling its global operations and specialized service delivery across regions and sectors. These entities are predominantly wholly owned, with investments totaling ₹118,369 million in subsidiaries during the fiscal year. Key among them is the fully integrated , which merged with Tech Mahindra effective April 1, 2011, and remains 100% owned, contributing to its software development and IT services ecosystem without a separate operational identity post-integration. Regional subsidiaries form the backbone of Tech Mahindra's international footprint, handling localized operations and client engagements. Tech Mahindra (Americas) Inc., a 100% owned entity incorporated in 1993 in , , oversees North American activities and incorporates subsidiaries like DigitalOnUs Inc., a agency focused on cloud and analytics solutions. In , Tech Mahindra , 100% owned in , supports continental expansion, while in , entities such as Tech Mahindra () Pte Limited (100% owned), Tech Mahindra () Co. Ltd (100% owned in ), and Tech Mahindra Vietnam Company Limited (100% owned) drive growth in high-potential markets. Other notable regional players include Tech Mahindra (Pty) Limited (67% owned) and KBCS Pte Ltd, a Korea-based providing specialized advisory services in and digital strategy. Specialized subsidiaries enhance Tech Mahindra's domain expertise in , mobile solutions, and digital innovation. S.p.A., in which the holds a 76.06% stake through PF Holdings B.V. as of 2025, operates as the group's , creating sustainable solutions for automotive, , and consumer products from its Italian base. Technologies Limited, nearly 100% owned in , specializes in mobile financial services and digital communications, with subsidiaries like Technologies Americas Inc. extending its reach globally. Recent mergers, such as those of Born Group (a creative agency) into Tech Mahindra (Americas) and Thirdware Solution Ltd into the parent company effective January 23, 2025, have streamlined the structure to boost efficiency without altering core capabilities. Through Tech Mahindra Ventures, the company holds minority stakes in 8 startups as of 2025, primarily targeting and to foster innovation in . These investments include and series in firms like Huoban Energy (energy tech in , 2022 seed round) and Ryff (digital media, USA, 2019 series B), emphasizing strategic alignment with Tech Mahindra's focus on sustainable and digital ecosystems. Additionally, associates such as Goodmind S.r.l. (20% stake in for design innovation) and SWFT Technologies Limited (25% stake) provide partial ownership in complementary ventures, accounted for under the equity method. This investment portfolio, valued at ₹124,609 million overall as of March 31, 2025, supports long-term growth while incurring impairments like ₹1,809 million on certain holdings to reflect market realities.

Global Presence

Headquarters and Domestic Operations

Tech Mahindra's corporate headquarters is situated in Pune, Maharashtra, at the Hinjawadi campus in the Rajiv Gandhi Infotech Park, which has served as the main facility since its establishment in 2006 spanning 24 acres and 1.8 million square feet. The company's registered office is located in Mumbai at Gateway Building, Apollo Bunder. These central locations oversee strategic decision-making and administrative functions for the firm's Indian operations. The company maintains over 20 delivery centers across key Indian cities, including , , , , , , , and , facilitating a robust domestic for service delivery and client support. With a global workforce of 152,714 employees as of September 2025, approximately 77% of Tech Mahindra's IT headcount is based in , concentrating talent and operational capacity in the country. Domestic operations emphasize hubs, such as the AI Center of Excellence within the Makers Lab in , which focuses on advancements in generative , sovereign large language models, and agentic using platforms. Additionally, talent development initiatives include flagship programs like the Young CEO and Global Leadership Cadre, aimed at nurturing high-potential employees for leadership roles in sales, delivery, and strategy. Tech Mahindra adheres to Indian IT policies and regulatory frameworks, including the Digital Personal Data Protection (DPDP) Act, 2023, through active participation in its development via industry bodies like and DSCI to ensure compliance in data handling and privacy. As of 2025, contributes approximately 7% of the company's total revenue through domestic services, underscoring the nation's role as a core operational base despite the majority of revenue stemming from international clients.

International Locations and Expansion

Tech Mahindra maintains a robust global footprint, operating in over 90 countries with more than 220 international offices and 44 development centers as of 2025. Key hubs anchor its presence in major regions, including and the new Americas headquarters in , for ; in ; and in the , along with , , and in for ; and and for the region. These locations facilitate service delivery, innovation labs, and client engagement across continents. The company's international expansion began in the early 1990s with initial forays into the , , and , establishing foundational sales and delivery operations. Post-2006, growth intensified in and beyond, including the opening of a global development center in , , and acquisitions like the 2017 purchase of Geneva-based SOFGEN Holdings to bolster European capabilities. More recently, Tech Mahindra has targeted emerging markets in and the , with expansions such as a delivery center in in 2023, a new in in 2025, and strengthened operations in to support clients across the GCC and African regions. Regional strategies emphasize localized delivery models, including nearshore operations in through partnerships like the 2024 collaboration with Atento, which leverages centers in , , , and for efficient services. The firm also operates sales offices in over 50 countries, spanning 26 in alone, to drive and tailored solutions. Workforce distribution reflects this scale, with approximately 20% of its 152,714 employees positioned onsite internationally as of September 2025, including notable concentrations in the (e.g., 2,734 in the , 908 in , and approximately 500 in ). though the majority remains offshore in . Navigating international operations presents challenges, particularly in regulatory compliance, such as adhering to the Union's (GDPR) for data privacy and security across its European entities. In the , evolving policies, including fee hikes to $100,000 in 2025, impact talent mobility, though Tech Mahindra reports limited dependence on such visas due to a high proportion of US-based citizens and holders. These factors underscore the company's focus on diversified hiring and localized talent strategies to sustain global expansion.

Financial Performance

Revenue and Profit Trends

Tech Mahindra's revenue has demonstrated steady growth over the past decade, expanding from ₹14,332 crore in fiscal year 2013 to ₹52,988 crore (US$6.26 billion) in fiscal year 2025, reflecting a compound annual growth rate (CAGR) of approximately 12%. This trajectory underscores the company's expansion in IT services amid evolving global demand for digital transformation. In FY 2025, the company reported consolidated net profit of ₹4,252 , marking an 80.3% year-over-year increase, driven by improved operational efficiencies and deal wins. The fourth quarter alone saw profit after tax () rise to ₹1,167 , a 76.5% year-over-year , supported by of ₹13,384 for the period, up 4.0% from the prior year. Revenue breakdown highlighted IT services contributing 85.9% of total turnover, while (BPO) accounted for 14.1%, with geographic distribution showing 50.7% from the , 24.1% from , and 25.2% from the rest of the world. Key growth drivers included digital deals infused with generative and technologies, contributing to total contract value wins of for the year. The FY 2024-25 integrated emphasized cost optimization through initiatives like Project Fortius, yielding in annual savings via , deployment, and . Acquisitions, such as Cybertech Services, added modest revenue contributions, with ₹379 million from that entity in FY 2024, aiding overall portfolio diversification.

Market Position and Stock Overview

Tech Mahindra holds a prominent position in the IT services , ranking as the fifth largest by among domestic firms as of fiscal year 2025. The company is also included in the index, reflecting its status as one of India's top blue-chip stocks in the technology sector. While it trails larger peers like (TCS) and in overall scale and , Tech Mahindra maintains a edge in the niche, where it has been recognized as a top provider of IT services for communications service providers. The company's shares are listed on the (BSE) under the code 532755 and on the National Stock Exchange (NSE) as TECHM. As of November 7, 2025, Tech Mahindra's stood at approximately ₹1.36 lakh crore, positioning it among the top six IT companies by this metric. In terms of stock performance, the shares have shown recovery trends following the downturn, with a year-to-date return of about 16% in 2025 amid broader sector gains. The has been attractive for investors, averaging around 3.25% based on recent payouts, including an interim of ₹15 per share declared in October 2025. Tech Mahindra engages actively with investors through quarterly calls and disclosures, providing transparency on financial results and strategic updates. For instance, in its Q2 FY26 release, the company highlighted revenue growth and deal wins to bolster investor confidence. Analyst coverage remains positive, with firms like maintaining a "Buy" recommendation and a target price of ₹1,900 as of October 2025, citing the company's turnaround potential in key verticals.

Corporate Social Responsibility

Tech Mahindra Foundation Initiatives

The Tech Mahindra Foundation was established in 2006 as the corporate social responsibility (CSR) arm of Tech Mahindra Limited, a company, with a vision of empowerment through . It operates as the primary vehicle for implementing the company's philanthropic efforts, focusing on underserved communities in across 27 locations. In line with Section 135 of the Indian , Tech Mahindra allocates at least 2% of its average net profits from the preceding three financial years to CSR activities, directing a significant portion through the Foundation to support social development programs. The Foundation's key initiatives emphasize education, skilling, and inclusion, with flagship programs such as ARISE+ for inclusive education and early intervention for children with disabilities, Shikshaantar for holistic school improvement and teacher training, and SMART (Skills-for-Market Training) for vocational skilling in over 15 domains including IT-enabled services, healthcare, and digital technologies. These programs target underprivileged groups, providing accessible healthcare training under SMART Academy for Healthcare to address needs of the underserved, STEM-focused learning environments through mobile science labs and ARISE+ to promote education for girls, and specialized skill development via SMART+ for youth with disabilities to enhance employability. By March 31, 2025, the Foundation had directly impacted 664,898 beneficiaries, with approximately 50% women and a focus on persons with disabilities comprising around 18% of core participants in targeted programs. It collaborates with over 90 partners, including NGOs like , to scale efforts in women empowerment and . These initiatives underscore the Foundation's commitment to sustainable , aligning with Tech Mahindra's broader CSR dedication to equitable opportunities.

Sustainability and Ethical Practices

Tech Mahindra integrates (ESG) principles into its core strategy under the banner of "Purpose Beyond Profits," aiming to balance profitability with sustainable growth. The company has committed to achieving by 2035, a target validated by the (SBTi), with interim goals including a 58.8% reduction in Scope 1 and 2 emissions by fiscal year 2030 (from a 2016 baseline) and 90% usage by 2030. Additional environmental pledges encompass becoming 100% water positive by 2030 and securing zero waste to certification for all owned sites by 2026. These efforts are overseen by a dedicated Council and CSR Committee, embedding management into board-level governance. In 2024-25, Tech Mahindra reported a 22% reduction in 1 and 2 since the 2016 baseline, with accounting for 22.65% of its total consumption of 149,910 MWh. The company achieved to landfill certification at 10 of its 13 owned locations and planted over 137,790 trees as part of initiatives, while reducing water withdrawal intensity by 64% from the baseline. These accomplishments contributed to strong external recognition, including an ESG score of 91 (placing it in the 100th , as of 2025), ranking as the top company globally in the Software & Services segment on the Dow Jones Index (DJSI) 2025, a CDP 'AA' rating for and (March 2025), and inclusion in the Series (July 2025). Tech Mahindra also prioritizes practices, 607.51 metric tonnes of waste and diverting e-waste in compliance with regulatory guidelines. On the ethical front, Tech Mahindra upholds a zero-tolerance policy for and through its Code of Ethical Business Conduct (CEBC), which mandates fair dealings, conflict-of-interest avoidance, and with all applicable laws across jurisdictions. The CEBC requires declaration of gifts exceeding USD 40 and prohibits any form of modern slavery, aligning with the UK Modern Slavery Act 2015. Ethical training, including CEBC and Prevention of (POSH) modules, is mandatory for all employees within 30 days of joining and refreshed annually or bi-annually. The company's Policy, grounded in UN Guiding Principles and ILO conventions, ensures non-discrimination, fair remuneration, and safe workplaces, with 100% of operations assessed for human rights risks and 93.33% of tier-1 suppliers evaluated. Governance features include a board with 60% independent directors and 40% women representation, zero data breaches reported, and a whistleblower mechanism via the Corporate for reporting. In FY 2024-25, while 11 corruption-related breaches were noted, overall remained robust, with executive linked to performance metrics such as emissions reductions.

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