Tech Mahindra bets on GCCs, consulting to drive growth

The consulting unit will run across verticals with support from its artificial intelligence and delivery teams

- Jas Bardia

Tech Mahindra Ltd is banking on new growth opportunities with chief executive officer Mohit Joshi, who joined the information technology services firm a little over a year ago, announcing business units to offer consulting services and run offshore tech centres for clients.

India's fifth-largest IT services company started its consulting business unit, TechM Consulting, on 4 November, and a global capability centre (GCC), SST Next-Gen GCC Offering, on 1 April, showed two internal memos shared with employees. The memo was accessed by Mint.

GCCs are offshore centres owned by multinational companies to run back-end work including IT infrastructure, supply chain, sales management and human resources.

This means the Pune-based company, which ended the 12 months through March 2024 with $6.3 billion in revenue, is looking to expand its offerings to customers and grow revenue streams under Joshi, who joined in December 2023.