Tech Mahindra’s Turnaround Strategy Hinges on Securing Larger, More Lucrative Contracts

Tech Mahindra, a mid-tier IT services firm, is on the right track with its turnaround strategy, but winning large deals is crucial to demonstrate sustainability, analysts and market experts said. The company has embarked on a journey to improve revenue and operating margin performances, with a three-year plan titled “Vision 2027”. In the first two quarters of FY25, the company has shown improved performance, but analysts believe that winning large deals is essential to achieve a real turnaround. The company’s CEO, Mohit Joshi, and CFO, Rohit Anand, are confident that they will continue to meet expectations in the second half of the year. However, Pareekh Jain, Founder of Pareekh Consulting, noted that the company faces challenges in growing both revenue and margin simultaneously, and winning large deals will be a test of its turnaround strategy.