TechM CEO Finds the Quest for His Dream Team Elusive

Tech Mahindra Saw at Least Nine Changes at Leadership Levels in April, May, and June

- Jas Bardia

Almost 18 months into his role as Tech Mahindra Ltd.'s chief executive officer (CEO), Mohit Joshi is still assembling his dream team. A shake-up at the top continues for the country's fifth-largest IT outsourcer.

According to an executive privy to the development, the company's regulatory filings and management statements, the Pune-based software services firm saw at least nine changes at leadership levels, including service lines and geography heads, in April, May, and June.

Add 11 leadership changes in the past 15 months, and the movement count at the company's senior management swells to at least 20 since March 2024.

Within a year of joining as CEO, Joshi sought to fill critical organizational gaps by giving additional responsibilities to leaders, before moving them to entirely new roles soon after.

This flip-flop regarding the company's leadership signals that Joshi, who took over as CEO in December 2023, is not able to form a stable leadership boat, according to one analyst. This raises questions about the company's turnaround efforts after Joshi launched a three-year plan to drive the company to growth.