CTC is an IT solutions and service provider serving the insurance and financial services industries with development centres in Latvia and Belarus. For the CY2020, CTC had revenue of €71.3 million (around ₹604 crore) and for the nine months ended September 30, 2021 the company had revenue of €58.8 million (around 498 crore).
The acquisition will enable Tech Mahindra to tap onto the potential in the insurance sector, expand its offerings to high-end digital engineering services for some of the largest insurance, re-insurance and financial services organisations globally and scale its nearshore delivery presence.
This story is from the January 18, 2022 edition of Business Standard.
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This story is from the January 18, 2022 edition of Business Standard.
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