Tech Mahindra subsidiary sells stake in Altiostar to Rakuten for $45 million
Business Sphere|November - December 2020
Tech Mahindra Limited is an Indian multinational technology company, providing information technology (IT) and business process outsourcing (BPO) services.

A subsidiary of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai. As of April 2020, Tech Mahindra is a US$5.2 billion company with 125,236 employees across 90 countries.

The company was ranked #5 in India's IT firms and overall #47 in Fortune India 500 list for 2019. On 25 June 2013, Tech Mahindra announced the completion of a merger with Mahindra Satyam. Tech Mahindra has 973 active clients as of April 2020. The company started joint venture with British Telecom in 1986 as a technology outsourcing firm. British Telecom initially had around 30 percent stake in the Tech Mahindra company. In December 2010, British Telecom sold 5.5 per cent of its stake in Tech Mahindra to Mahindra & Mahindra for Rs 451 crore.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BUSINESS SPHEREView All

Vijay Laxmi Labels Pvt. Ltd. - Barcoding its way into the hearts and minds of the clients

Barcodes is one labeling narrative that seems to have taken over the entire culture of storing, warehousing, and shopping, per se.

3 mins read
Business Sphere
January - February 2021

The truth and nothing but the truth

One would expect anyone, much less an IPS officer who has been in public gaze for over four decades for his extraordinary exploits, to be very careful to cover his tracks when he makes his diaries public.

4 mins read
Business Sphere
January - February 2021

World Bank's Ease Of Doing Business Ranking 2020 — Top 10 Countries

What is the first thing that comes to mind while thinking about starting a new business?

10 mins read
Business Sphere
January - February 2021

SK SYSTEMS PVT. LTD. - The roadmap to success is only and only sheer toil

The top management of any successful corporation makes a big difference to the overall efficiency, work-life balance of the employees, and to the working capacity of the units. If the head honchos are positive and charged up, the day, month, and year, of the concerned company is surely made. It will really help in rolling in higher profits, bigger and better bottom-line figures, and up the ante of the morale of the entire team. Such kind of positivity seems to stem from the strong and surging vibe given by Mr. Ajay Bhargava, Managing Director and Mr. Sanjay K. Gupta, Mrs. Shobha Bhargava & Mr. Adesh Gupta, all Directors of SK Systems Pvt. Ltd.

5 mins read
Business Sphere
January - February 2021

Diseases you can curb with yoga

Yoga is an Indian art form which is more than a mere type of exercise or way of breathing.

6 mins read
Business Sphere
January - February 2021

PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation

Pipeline would improve the ease of living for the people of Kerala and Karnataka. Blue Economy is going to be an important source of Aatamnirbhar India : PM

4 mins read
Business Sphere
January - February 2021

Movies And Web Series That Created A Lot Of Hype This Year

2020 hasn’t been the best year. Art and artists came to our rescue and helped many of us sail through some tough times.

7 mins read
Business Sphere
January - February 2021

Ambition Gifts - It's all in a name

It’s all in a name. Or so say all of us. If this idiom is true, ‘Ambition Gifts’ of New Delhi surely have their name etched out in the sun.

4 mins read
Business Sphere
January - February 2021

Adani Wilmar stops ads featuring Sourav Ganguly after he suffers heart attack

Adani Wilmar, maker of Fortune brand of edible oils, has stopped all ads featuring former cricketer and Board of Control for Cricket in India (BCCI) president, Sourav Ganguly three days after he suffered a heart attack in his hometown, Kolkata.

2 mins read
Business Sphere
January - February 2021

6 Best Countries To Live In

There's a lot to consider before moving abroad: how the transfer will change your daily life and influence your family; whether the health care will meet your needs.

6 mins read
Business Sphere
January - February 2021
RELATED STORIES

How to Get Hard-to-Find Electronics

It’s getting difficult, if not impossible, to find certain electronics items. And high on the list of in-demand items are laptops; even schools can’t get them. Low-range PCs of any size and shape are selling out, as are low-cost Chromebooks. Printers are also hard to come by, as are flight stick controllers for your after-school Microsoft Flight Simulator needs.

4 mins read
PC Magazine
October 2020

LG OLED55C9PLA ₨ 2,29,990

The LG OLED55C9PLA is a smaller version of a fantastic LG C-Class OLED television that we’ve previously reviewed.

6 mins read
What Hi-Fi
July 2020

With VIBER, your data privacy is protected

Since the COVID-19 outbreak, many of us have adapted to the new normal and withdrawn to the safety of our homes.

3 mins read
Gadgets
June 2020

JAPAN AN OVERLOOKED E-COMMERCE OPPORTUNITY

When Elon Musk announced that Yusaku Maezawa would be the first commercial passenger to fly around the moon onboard a SpaceX spacecraft, the name of the Japanese entrepreneur and billionaire didn’t immediately ring a bell for many. Maezawa made a fortune after founding Japan’s largest e-commerce fashion retailer Zozotown. Last month, he launched a startup competition, offering to invest up to 30 billion Japanese yen (about $280 million) in the businesses of 10 entrepreneurs in his home country.

4 mins read
Entrepreneur magazine
May 2020

Efficient monitoring 5G networks

Integration of dynamic device components is a critical component of 5G network efficiency monitoring and optimization. Here is a list of Do’s and Don’ts

4 mins read
Voice and Data
April 2020