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TechM lags peers but sticks to its turnaround timeline
Mint New Delhi
|November 26, 2025
Co. expects revenue growth to rise as macroeconomic conditions improve by March 2027
Tech Mahindra is aspiring for about 1.3x revenue growth over FY20-27, which implies an around 4.8% dollar revenue CAGR over FY25-27.
(MINT)
Tech Mahindra Ltd (TechM) has reiterated its goal of achieving revenue growth above the peer average by March 2027 despite being among the slowest of the country's 10 largest information technology (IT) services firms, since it announced its three-year roadmap in April last year.
India's fifth-largest software services firm expects revenue growth to accelerate as macroeconomic conditions improve by March 2027, chief executive officer Mohit Joshi told analysts during the Mahindra Group Investor conference in Mumbai on 20 November.
However, the company must report revenue growth after two successive years of revenue decline. That comes when uncertainty around client spending is leading to vendor consolidation, the analysts said, citing conversations with Tech Mahindra's management.
A query emailed to Tech Mahindra on Monday went unanswered.
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