Tech Mahindra

YEAR                                                       EVENTS
 2000 - Mahindra-British Telecom, a 60:40 joint venture between the
              Mahindra group and British Telecom, shareholders
 approved a
              proposal to raise funds through an initial public offer
 and an
              employee stock option plan.
 
            - The Company proposes to raise funds through an initial
 public
               offer.
 
            - The Company and Silicon Automation Systems Ltd (SASL)
 has forged
               a strategic alliance to develop solutions and product
 markets using
               the wireless application protocol (WAP).
 
            - The Company's IPO is proposed to be of 53,18,633 No. of
 equity shares
               with a face value of Rs 2 each, at a price to be
 determined in accordance
               with SEBI guidelines for the fully book-built route.
 
 2001 -  Mahindra-British Telecom and the US-based Rockwell Electronic
 Commerce
               have entered into a 5-year strategic alliance and
 set-up a offshore software development
               centre in the city involving total capital cost of .5
 million.
  
            - Software firm Mahindra-British Telecom plans to lay off
 300 employees, or about a tenth of its workforce, a company spokesman
 told Reuters on September 25.
 
 
 2004
 
 -Gets Intellectual Property Rights (IPR) for the optical planning and
 design solution that formed part of Marconi's Netscient Software
 product suite - a trademark brand acquired by Marconi in 2001
 
 -Mahindra British Telecom (MBT), the telecom software joint venture
 between the Mahindra Group and British Telecommunications Plc (BT)
 has announced the appointment of Premchand as chairman of
 TeleManagement Forum's New Generation Operations Systems and Software
 (NGOSS) Security Team.
 
 -Mahindra British Telecom (MBT) has signed a solutions partner
 agreement with UK-based Cramer, a major player in inventory-powered
 back office automation for telecom service providers
 
 -MBT has joined three International Systems Security Engineering
 Association (ISSEA) as its corporate member
 
 -Mahindra British Telecom (MBT), the IT services provider to the
 telecom industry, has signed a global partnership agreement with
 Netegrity , provider of identity and access management solutions
 
 2005
 
 -MBT launches new software for language conversion
 
 -Cyclone Commerce join hands with MBT
 
 2006
 
 -Tech Mahindra's IPO shares will be priced between Rs 315 and Rs 365
 a share. The offer will open on August 1 and close on August 4. The
 company plans to raise up to Rs 465 crore through the issue, which
 offers 12.75 crore shares for sale. The company had reached critical
 mass and it had decided that the time was right for the offer. 
 
 -The initial public offering (IPO) of Tech Mahindra, a joint venture
 between Mahindra and Mahindra Ltd and British Telecommunications PLC,
 was subscribed 1.26 times on the first day of the issue.
 
 -Motorola joins hand with Tech Mahindra to form CanvasM
 
 2007
 
 - Tech Mahindra Ltd has announced their participation in Microsoft's
 Connected Services Sandbox, a new program that brings together
 systems integrators (SIs), independent software vendors (ISVs),
 developers, network equipment providers, and telecommunications
 service providers in a collaborative environment to develop and test
 new communications services.
 
 - Tech Mahindra Ltd has won a prestigious award for its outstanding
 contribution, achievements in the telecoms industry and for continued
 support to the OSS / BSS community. The award was announced by
 Tolestrategies on April 25, 2007 on as a part of the Billing & OSS
 World 2007 conference in Chicago.