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Atul Soneja, Tech Mahindra’s Chief Operating Officer, Focuses on Establishing Digital Infrastructure and Upskilling Initiatives in Small Cities

The Chief Operating Officer (COO) of Tech Mahindra, Atul Soneja, has emphasized the importance of building digital infrastructure and upskilling in small cities to stay ahead in the competitive tech landscape. Soneja believes that digital infrastructure is the backbone of any successful business and that upskilling is crucial for employees to adapt to the rapidly changing technology landscape.

According to Soneja, small cities have a unique advantage in building digital infrastructure, citing their relatively lower costs, flexible regulatory environments, and proximity to talent pools. He believes that by leveraging these advantages, small cities can become hubs for innovation, entrepreneurship, and growth.

To achieve this, Soneja suggests that key stakeholders, including governments, educational institutions, and businesses, must come together to create a conducive ecosystem. This can be achieved by providing access to digital infrastructure, offering training and upskilling programs, and fostering a culture of innovation and collaboration.

Soneja also emphasizes the need for companies to invest in talent development, recognizing that upskilling is essential for employees to remain relevant in the job market. He suggests that businesses should focus on developing skills such as data analytics, cloud computing, and artificial intelligence to stay ahead of the competition.

In conclusion, Atul Soneja’s call to action for building digital infrastructure and upskilling in small cities is a timely and relevant one. By working together, key stakeholders can create a thriving ecosystem that drives growth, innovation, and competitiveness.

Join Tech Mahindra in 2025: Massive Walk-In Drive Opportunity for Fresh Graduates and Professionals – Apply Now!

Tech Mahindra, a leading IT services and consulting company, has announced a Mega Walk-In Drive for 2025, offering exciting career opportunities for freshers and experienced professionals. The drive is aimed at hiring talented individuals for customer support, voice process, IT services, and other roles across multiple locations.

The eligibility criteria include:

* Educational Qualification: High School (10+2), Diploma, or Bachelor’s Degree in any discipline for customer support roles, and Bachelor’s Degree in Computer Science, IT, Electronics, or related fields for IT and software roles.
* Experience Requirements: Freshers are welcome for entry-level roles, while experienced professionals (1-5 years) are preferred for mid-level roles.
* Required Skills: Excellent communication skills, technical knowledge (for IT roles), and flexibility for rotational shifts.

The salary offered varies depending on the role and experience level, ranging from ₹18,000 to ₹80,000 per month. Additional benefits include performance-based incentives, health insurance, paid leave, and flexible work schedules.

The walk-in drive is open to freshers and experienced professionals, and no registration fee is required. To prepare, candidates should:

* Check the official announcement on the Tech Mahindra Careers Portal for walk-in schedules and venue details.
* Prepare required documents, including an updated resume, ID proof, educational certificates, and passport-size photos.
* Dress professionally and attend the walk-in interview, arriving 30 minutes early.
* Clear the selection process, which includes initial screening, written aptitude/technical test (for IT roles), and personal interview with the HR team.

Tech Mahindra is one of India’s top IT and BPO companies, with a strong global presence in 90+ countries and over 150,000 employees. The company is committed to driving innovation in technology and business solutions, providing a dynamic work environment and career growth opportunities to its employees.

Telangana High Court delivers landmark decision, offering reprieve to Tech Mahindra in tax dispute

The Telangana High Court has granted relief to Tech Mahindra in a tax dispute related to the re-assessment of its income for assessment years 2002-03 to 2008-09. The company had challenged the income-tax department’s refusal to accept its revised returns, which were filed after it was revealed that the former chairman of Satyam Computers had inflated the company’s revenue and paid taxes on fictitious income. Tech Mahindra had sought fresh and proper assessments based on the actual income of Satyam Computers.

The court, in a batch of petitions filed in 2011-2013, held that the assessment orders were illegal and violative of Article 265 of the Constitution, making them void ab initio. The court directed the income-tax department to recompute Tech Mahindra’s income based on restated accounts that excluded fictitious income. Tech Mahindra was allowed to file revised returns based on audited financials, while the income-tax department was directed to conduct proper reassessment excluding the fictitious income.

The court’s order means that Tech Mahindra will not have to pay taxes on the fictitious income and will be able to file revised returns based on the actual income of Satyam Computers. This is a significant relief for the company, which had been seeking to rectify the errors of the past and move forward. The court’s decision also underscores the importance of transparency and accountability in financial transactions, and the need for proper accounting and reporting practices to prevent such errors in the future.

Our analysis suggests a neutral stance on Tech Mahindra, with a target price of Rs 1,485, according to BNP Paribas Securities.

BNP Paribas Securities has a neutral call on Tech Mahindra with a target price of Rs 1485, which is lower than the current market price of Rs 1654.75. The company is a Large Cap IT software firm with a market capitalization of Rs 162738.66 crore. In the latest quarter, Tech Mahindra reported a consolidated total income of Rs 13834.72 crore, a 5.21% increase from the previous quarter and a 5.38% increase from the same quarter last year. The company’s net profit after tax was Rs 1256.88 crore.

The brokerage firm notes that investors are hopeful that Tech Mahindra will see a turnaround under its new CEO, who has reorganized the company to bring agility, service line innovation, delivery quality, and better economics. The CEO’s target is to push Tech Mahindra’s revenue growth above the peer average and EBIT margin to 15%. However, BNP Paribas is concerned about the execution risk to the company’s growth turnaround, especially in the absence of strong deal-win momentum.

The brokerage firm values Tech Mahindra using a discounted cash flow (DCF) methodology, with a revenue growth rate of 10.5%, a weighted average cost of capital (WACC) of 11.5%, and a terminal growth rate of 5%. The main upside risks to the target price are a swift recovery in the company’s CME vertical performance, improvement in deal wins, and a sharp increase in EBIT margin. The main downside risks are continued project stoppages and techspend cuts by customers, a sharper-than-expected decline in global economic activity, margin pressure from increased competition, and sustained Indian rupee appreciation against the US dollar.

As of September 30, 2024, promoters held a 35.03% stake in the company, while foreign institutional investors (FIIs) owned 23.66%, and domestic institutional investors (DIIs) owned 30.83%.

Market Focus: Expert analysis on Bharti Airtel, Tech Mahindra, Uno Minda, Renaissance Global, and more.

The article discusses the current market performance and future prospects of five Indian companies: Bharti Airtel, Tech Mahindra, Uno Minda, and Renaissance Global. Here’s a summary of the key points:

* Bharti Airtel: The telecom major is expected to benefit from the 5G spectrum auction and its strong presence in the Indian market. Its Q3 results were decent, with a 7.7% profit rise. Maintain a ‘buy’ rating with a target price of Rs 550.
* Tech Mahindra: The IT services company has a stable outlook and is expected to benefit from the demand for cloud computing and cybersecurity services. Maintain a ‘buy’ rating with a target price of Rs 450.
* Uno Minda: The auto-component maker has a stable outlook due to its diverse customer base and favorable industry trends. Maintain a ‘buy’ rating with a target price of Rs 1,400.
* Renaissance Global: The auto finance company has a strong balance sheet and is expected to benefit from the growing demand for automobile financing. Maintain a ‘buy’ rating with a target price of Rs 470.
* Other stocks: Other companies like ICICI Bank, Infosys, and State Bank of India are also trading impressive and may be considered for investment.

Overall, the article suggests that these companies have strong fundamental performance, promising outlook, and are expected to deliver good returns in the short and medium term.

Next week, India’s top IT majors including Reliance Industries, Infosys, HCL Technologies, Wipro, and Tech Mahindra are set to report their quarterly earnings, check out the complete list here – MSN

The third quarter (Q3) earnings of several Indian companies, including Reliance Industries (RIL), Infosys, HCL Technologies, Wipro, and Tech Mahindra, are expected to be released next week. Here’s a summary of what’s expected from each company:

* Reliance Industries: Revenue growth of around 20-25% year-on-year (YoY), driven by strong performance from the retail and digital segments.
* Infosys: Revenue growth of around 5-6% YoY, driven by robust demand for its digital services. Earnings per share (EPS) are expected to rise around 5-7%.
* HCL Technologies: Revenue growth of around 2-3% YoY, driven by a weak US dollar and growth in the healthcare and banking segments.
* Wipro: Revenue growth of around 1-2% YoY, driven by growth in the banking and finance sectors.
* Tech Mahindra: Revenue growth of around 4-5% YoY, driven by growth in the cloud and digital services.

Other companies set to announce their Q3 earnings next week include Bharti Airtel, TCS, and Sun Pharma. Analysts are looking for strong growth from the technology and pharmaceutical sectors, while also keeping an eye on the impact of the pandemic on earnings.

Tech Mahindra has achieved a top ranking, securing the number one spot in India and the number two spot globally in the S&P Dow Jones Sustainability Indices for 2024, as reported by SDxCentral.

Tech Mahindra, a leading Indian IT solutions and services company, has achieved a prestigious ranking in the S&P Dow Jones Sustainability Indices (DJSI) 2024. According to the latest annual assessment, Tech Mahindra has ranked 1st in India and 2nd globally in the IT Services category. The company has demonstrated strong sustainability practices and corporate governance, with a focus on environmental and social issues.

The DJSI is a globally recognized benchmark for corporate sustainability, evaluating companies’ performance in three main categories: environment, social, and governance. Tech Mahindra’s ranking is a testament to its commitment to building a sustainable future while delivering innovative solutions to its customers. The company’s sustainability efforts focus on reducing carbon emissions, conserving energy, and promoting diversity and inclusion.
This achievement solidifies Tech Mahindra’s position as a responsible and sustainable business leader, and it is expected to increase confidence among investors and stakeholders alike.

Transforming the automotive after-sales experience with the power of generative AI, Mahindra iXRT delivers cutting-edge solutions.

The automotive industry is evolving, with complex vehicles driven by software and customers expecting seamless, tailored, and flexible digital experiences. To meet these demands, automakers and dealerships are adopting digital transformation and new technologies like Augmented Reality (AR) and Generative AI. Tech Mahindra’s Intelligent Extended Reality Tracing (iXRT) AR solution, powered by Generative AI on AWS, provides real-time guidance and interactive circuit schematics, enabling faster and more accurate vehicle diagnostics and troubleshooting.

The solution addresses challenges in vehicle complexity, training costs, skill gaps, tool integration issues, and remote troubleshooting limitations. The iXRT AR solution streamlines complex circuit designs, provides real-time guidance, and interactive schematics for rapid and precise diagnostics. It also empowers dealers to repair vehicles remotely, reducing downtime and costs.

The solution consists of three components: the client application, web-based AR application, and generative AI capability. It utilizes AWS services such as Amazon CloudFront, Amazon API Gateway, Amazon S3, Amazon DynamoDB, and Amazon Kendra and Amazon Bedrock to provide a seamless experience. The solution optimizes efficiency, cost-effectiveness, and peace of mind for customers during vehicle diagnostics and repair processes. By adopting this solution, automakers and dealers can enhance their digital customer experience and build strong brand-owner relationships.

Tech Mahindra Takes Lead in India, Ranking 2nd Worldwide, in Sustainability Indices 2024 for Its IT Services Category.

Tech Mahindra, a global provider of technology consulting and digital solutions, has been recognized as a global sustainability leader by the S&P Dow Jones Sustainability Indices (DJSI) 2024. The company was ranked 1st in India and 2nd globally in the “TSV IT services” segment, with a score of 88 and 100% respectively. This marks Tech Mahindra’s 10th consecutive year of inclusion in the DJSI World Index and DJSI Emerging Markets. The company has committed to creating a positive environmental impact and achieving targets such as Net Zero by 2035, Carbon Neutrality by 2030, and 90% renewable energy sourcing by 2030. Tech Mahindra’s sustainability initiatives include implementing an internal carbon pricing mechanism, driving investments in renewable energy, green buildings, and energy-efficient technologies. The company aims to become water-positive by 2030 and achieve 100% Zero Waste to Landfill certification across all owned facilities. This recognition demonstrates Tech Mahindra’s commitment to sustainability and creating value for its stakeholders and the planet.

The stock market stabilizes, with Nifty hovering above 23,700, while Sensex gains 0.3%; ONGC and Tata Consumer Products drive the upswing.

The Indian stock market indices are up slightly, with the Nifty 50 rising 100 points or 0.45% to 23,716, while the BSE Sensex is up 240 points or 0.31% to 78,220. ONGC is the top gainer on the Nifty, advancing 4.08%, followed by Tata Consumer Products, IndusInd Bank, Tata Motors, and SBI Life Insurance. On the flip side, TCS, BPCL, Eicher Motors, HCLTech, and Tech Mahindra are the top losers.

Tech Mahindra secures the top spot in India and ranks second globally in the S&P Dow Jones Sustainability Indices 2024 for its TSV IT Services segment.

Tech Mahindra, a leading technology consulting and digital solutions provider, has been recognized as a global sustainability leader by the S&P Dow Jones Sustainability Indices (DJSI) 2024. The organization has been ranked 1st in India and 2nd globally in the “TSV IT services” segment with an impressive score of 88 and 100 percentile. This marks Tech Mahindra’s 10th consecutive year of inclusion in the DJSI World Index and DJSI Emerging Markets. The company’s commitment to sustainability is evident in its ambitious targets, including Net Zero by 2035, Carbon Neutrality by 2030, and 90% renewable energy sourcing by 2030. Tech Mahindra also aims to become water-positive by 2030 and achieve 100% Zero Waste to Landfill certification. The company’s internal carbon pricing mechanism drives strategic investments in renewable energy, green buildings, and energy-efficient technologies. This recognition solidifies Tech Mahindra’s position as a global leader in sustainability, committed to creating value for its stakeholders and the planet.

HCL, TechM, and Coforge expected to see margin improvement in Q3, while TCS and Infosys may experience revenue decline, according to Goodreturns’ sector preview.

The IT sector is expected to announce its Q3 results, with HCL Technologies, Tech Mahindra, and Coforge likely to see an improvement in their margins. On the other hand, Tata Consultancy Services (TCS) and Infosys may experience a decline in their revenue. The sector is expected to continue its growth momentum, driven by increasing demand for digital transformation services.

HCL Technologies is expected to report a margin expansion due to its strong performance in the cloud and digital services segment. Tech Mahindra is also expected to see an improvement in its margin, driven by its strong performance in the telecommunications and financial services segments. Coforge, a mid-tier IT company, is expected to report a margin expansion due to its strong performance in the digital and cloud services segment.

TCS and Infosys, on the other hand, are expected to report a decline in their revenue due to a slowdown in the US market and increased competition from other IT companies. However, both companies are expected to maintain their margins due to their strong operational efficiency and cost management. Overall, the IT sector is expected to continue its growth momentum, driven by increasing demand for digital transformation services.

CLSA sees significant upside potential for Persistent Systems and Tech Mahindra, with shares poised to rise up to 27% following Accenture’s strong Q1 results.

CLSA, a global investment bank, has expressed bullishness on two Indian IT companies, Persistent Systems and Tech Mahindra, citing potential upside of up to 27% following Accenture’s strong Q1 results. Accenture’s beat in Q1 2023 has sparked hopes of a similar performance from Indian IT majors like Persistent Systems and Tech Mahindra. CLSA believes that Accenture’s success is due to its focus on strategic client relationships, innovation, and cost management, which are also key strategies being adopted by Indian IT companies.

CLSA has set a target price of ₹1,350 for Persistent Systems, implying an upside of 21%, and ₹242 for Tech Mahindra, implying an upside of 27%. The brokerage firm cites Persistent Systems’ strong pipeline of deals and Tech Mahindra’s operational leverage as key factors supporting its optimism. Additionally, CLSA expects both companies to benefit from growing demand for digital transformation services and cloud-based solutions. Overall, CLSA’s bullish call on Persistent Systems and Tech Mahindra reflects the brokerage firm’s positive outlook on the Indian IT sector, driven by strong industry growth and improving profitability.

Pallavi Katiyar, Tech Mahindra’s expert, simplifies her workload – with Microsoft’s help

Pallavi Katiyar, a Principal Engineer at Tech Mahindra, shares her secrets for managing her to-do list and prioritizing her tasks effectively. She stresses the importance of focusing on high-impact tasks, rather than trying to check off every item on the list. Katiyar advocates for the “eat that frog” approach, which involves tackling the most challenging task first thing in the morning. She believes that this helps to reduce mental clutter and increase motivation.

Katiyar also emphasizes the importance of “time blocking,” where you dedicate specific time slots for specific tasks. This approach helps to avoid multitasking and minimize distractions. Additionally, she recommends setting a “stop doing” list, where you identify tasks that are no longer important or can be delegated.

Katiyar’s key takeaway is that a shorter to-do list is a more effective one. She encourages individuals to prioritize high-impact tasks, break them down into smaller, manageable chunks, and then eliminate non-essential items. By doing so, individuals can reduce stress and increase productivity, allowing them to achieve more in less time.

Tech Mahindra set to expand its footprint in the banking technology sector, CEO reveals

Tech Mahindra, a leading IT company, is eyeing a larger share of the global banking technology (fintech) spends. According to the company’s CEO, CP Gurnani, Tech Mahindra aims to increase its presence in the fintech space and capture a significant portion of the estimated $20 billion annual spends by banks globally. The company has identified fintech as a key growth area and has made significant investments in the sector. Tech Mahindra has already partnered with several major banks and financial institutions, including the Bank of America, to deliver cutting-edge fintech solutions.

The company’s focus on fintech is driven by the growing demand for digital banking services and the increasing need for banks to transform their technology infrastructure to remain competitive. Tech Mahindra’s CEO believes that the company’s expertise in areas such as artificial intelligence, blockchain, and cybersecurity will enable it to stay ahead of the competition in the fintech space.

With its sights set on a bigger bite of the fintech spends, Tech Mahindra is expected to continue its investment in the sector and expand its partnerships with major banks and financial institutions. The company’s strategy is to offer a range of fintech solutions, including digital lending, payment processing, and blockchain-based transactions, to help banks stay ahead of the curve in the rapidly changing fintech landscape.

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.

Tech Mahindra zeroes in on local language support in cutting-edge generative AI race(Note: I’ve rephrased the sentence to make it more concise and polished, while maintaining the original meaning and tone.)

Tech Mahindra, an Indian IT services provider, plans to expand its large language models that support local languages in India. This move aims to capitalize on the growing demand for generative AI and attract new clients. The company will compete with global giants like Alphabet, Meta, and OpenAI, which are already dominating the market. By focusing on local languages, Tech Mahindra seeks to differentiate itself and tap into the vast Indian market. The move is part of the company’s strategy to diversify its services and stay relevant in the competitive IT industry. With India being a significant market for tech outsourcing, Tech Mahindra’s decision to focus on local languages is a smart move to tap into this demand. The company plans to leverage its vast repository of Indian language expertise to develop a unique set of AI models that can help customers across various industries, including banking, healthcare, and education.

Tech Mahindra partners with USI to empower India’s engineering landscape through innovative solutions(Note: I’ve taken some liberties with the wording to make it more engaging and clear, while keeping the essential meaning intact!)

USI (University of Salford Institute) and Tech Mahindra have collaborated to drive engineering innovation in India. The partnership aims to develop industry-ready talent and research excellence in the field of engineering, with a focus on artificial intelligence (AI), Internet of Things (IoT), and data analytics. The collaboration will provide opportunities for students and faculty members to work on projects and develop solutions for real-world problems. Tech Mahindra will provide resources, expertise, and mentorship to students, while USI will offer its academic infrastructure and research facilities. The partnership is expected to boost the employability of USI students and enhance their career prospects in the industry. Additionally, the collaboration will enable Tech Mahindra to tap into the talent pool of USI students and keep itself updated with the latest technologies and trends in the industry. This partnership is seen as a great opportunity for both institutions to drive innovation and growth in the field of engineering in India.

Tech Mahindra secures board approval for the merger of its subsidiary, Eventus Solutions, with its parent company – a significant industry development.

Tech Mahindra announced that its board of directors has approved a plan to merge its wholly-owned subsidiary, Eventus Solutions Group, LLC, with its parent company, Tech Mahindra (Americas) Inc. The merger is subject to regulatory approvals in the US and is expected to take effect on January 1, 2025. The companies said the merger will result in synergy of business operations, optimization of operational costs, and reduction of compliance risks. Eventus provides implementation, consulting, and managed services to large corporate and governmental clients in the US, while TMA provides computer consulting, programming support services, and IT management and consulting services to clients in various industries, including healthcare. The merger is exempt from regulatory requirements since it is between two wholly-owned subsidiaries of the company.

Tech Mahindra forges strategic partnership with ColorTokens to revolutionize cybersecurity with cutting-edge zero-trust architecture

ColorTokens, a global microsegmentation company, and Tech Mahindra, a leading technology consulting and digital solutions provider, are expanding their partnership by launching “Breach Ready” microsegmentation solutions. The solutions aim to enhance cybersecurity posture for global enterprises through a Zero Trust security architecture. The partnership combines Tech Mahindra’s cybersecurity expertise with ColorTokens’ Xshield Enterprise Microsegmentation Platform, dividing the network into smaller environments and providing application-based access to authorized users. The solutions also offer AI-powered analytics, customized dashboards, and contextual reporting to meet compliance requirements.

The collaboration will provide enhanced protection against cyber threats, including granular application-level security and full visibility for containerized, cloud-native environments. Tech Mahindra’s expertise in analyzing enterprise environments and delivering cybersecurity solutions to over 300 clients across 50 countries complements ColorTokens’ breach ready framework. The partnership aims to help enterprises maintain cyber resilience against changing threat dynamics and mitigate the impact of security breaches. The two companies are committed to securing customer data in hybrid cloud environments and enabling enterprises to be future-ready.

Tech Mahindra and ColorTokens are partnering to offer cutting-edge microsegmentation solutions that safeguard global enterprises.

ColorTokens, a leading enterprise microsegmentation company, and Tech Mahindra, a global provider of technology consulting and digital solutions, have launched a new partnership to provide “Breach Ready” microsegmentation solutions. The solutions are built on ColorTokens’ industry-leading microsegmentation platform and aim to enhance cybersecurity posture for global enterprises. The partnership combines Tech Mahindra’s cybersecurity expertise with ColorTokens’ Xshield Enterprise Microsegmentation Platform to create a robust security framework that minimizes the impact of potential breaches. The solutions will provide application-based access to authorized users, granular application-level security, and complete visibility for containerized, cloud-native environments. The partnership will also offer AI-powered analytics, customized dashboards, and contextual reporting to meet compliance requirements. The companies aim to help enterprises maintain cyber resilience against changing threat dynamics and drive digital transformation.

Tech Mahindra and ColorTokens partner to revolutionize enterprise security with cutting-edge microsegmentation solutions, empowering global companies to adopt a more effective approach to employment and education security.

Tech Mahindra and ColorTokens are partnering to deliver next-generation microsegmentation security solutions for global enterprises. This partnership aims to provide robust and scalable security solutions to protect businesses from increasing cyber threats. Microsegmentation is a critical aspect of modern cybersecurity, as it involves isolating and containing sensitive data and applications within a network.

The combined expertise of Tech Mahindra, a leading Indian IT company, and ColorTokens, a cutting-edge cybersecurity firm, will enable the development of innovative security solutions that can be deployed in a range of industries, including employment and education. The solutions will utilize AI-powered threat detection, machine learning, and other advanced technologies to detect and respond to emerging threats in real-time.

The partnership is expected to result in the delivery of customized and scalable security solutions that cater to the unique needs of global enterprises, ensuring the confidentiality, integrity, and availability of their critical data and systems. This collaboration will further strengthen both companies’ positions in the cybersecurity landscape, driving the development of cutting-edge security solutions that can address the evolving threat landscape.

Mahindra facilitates an inspiring university visit as part of its collaborative partnership with Tech Mahindra.

Mahindra Racing visited Mackenzie University in São Paulo ahead of the Formula E season opener to inspire and educate the next generation of engineers. Drivers Nyck de Vries and Edoardo Mortara, along with team principal Frederic Bertrand, spoke to students about STEM topics and took a tour of the campus. The team also gave a behind-the-scenes look at Tech Mahindra’s work supporting the Mahindra Racing team. The students had the opportunity to ask questions and learn about career paths in the motorsport industry. Bertrand emphasized the importance of sharing the passion for Formula E with the next generation, and hoped to see some of the students in the sport in the future. Tech Mahindra, a partner of Mahindra Racing, is committed to nurturing young talent and developing engineers for the industry. The visit aimed to inspire the students and provide them with a glimpse into the world of Formula E.

Tech Mahindra Limited secures a contract from the Office of the Deputy Commissioner of State Tax in Pune, Maharashtra.

Tech Mahindra Limited has received an order from the Office of Deputy Commissioner of State Tax, Pune, Maharashtra for a penalty of INR 3,939,338 under the Goods and Services Tax (GST) Act. This is in connection with a GST audit for the financial year 2020-21 for the company’s Maharashtra non-SEZ location. The company has assessed the situation and plans to file an appeal, expecting a favorable outcome at the appellate level. As a result, the company does not anticipate a material financial impact from this order. The order was received on December 5, 2024, at 5:43 PM (IST). The company’s financial, operating, and other activities are not expected to be significantly affected by this development.

Tech Mahindra and ColorTokens Collaborate to Offer Cutting-Edge Microsegmentation Solutions for Enterprise-Scale Cybersecurity – PR Newswire

Tech Mahindra, a leading provider of digital transformation, consulting, and industry-specific solutions, has partnered with ColorTokens, a pioneer in microsegmentation technology, to deliver next-generation microsegmentation security solutions to global enterprises. The partnership aims to help organizations enhance their cybersecurity posture by segmenting their networks into isolated, policy-enforced micro-segments, ensuring that only authorized entities have access to sensitive data and applications. This technology is designed to reduce the attack surface, prevent lateral movement, and minimize the impact of security breaches.

The joint solution will enable organizations to create a highly secure and agile network architecture, allowing them to adopt a zero-trust model, where every device and user is treated as a potential threat. The microsegmentation technology will be integrated with Tech Mahindra’s managed security services and consulting expertise to provide comprehensive security solutions to global enterprises. The partnership will enable customers to benefit from a robust and scalable security architecture, enhanced threat detection and response, and reduced security risks.

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