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Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE669C01036 | SECTOR: Computers - Software

BSE Live

Apr 03, 16:00
520.65 9.45 (1.85%)
Volume
AVERAGE VOLUME
5-Day
133,678
10-Day
126,533
30-Day
96,429
154,792
  • Prev. Close

    511.20

  • Open Price

    512.90

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 03, 15:59
520.90 9.70 (1.90%)
Volume
AVERAGE VOLUME
5-Day
4,511,559
10-Day
4,446,523
30-Day
3,531,897
5,826,215
  • Prev. Close

    511.20

  • Open Price

    513.75

  • Bid Price (Qty.)

    520.90 (991)

  • Offer Price (Qty.)

    0.00 (0)

Company History - 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 $4.5 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
 
 -MBT acquires Axes Tech for $54 mn
 
 -MBT, MICO may sign MoU with Mahindra British
 
 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
 
 -Company has changed its name from Mahindra British Telecom Ltd. to
 Tech Mahindra Ltd.                                                   
      
                                              
 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.
 
 -Tech Mahindra has signed an agreement for acquiring upto 100% equity
 in iPolicy Networks, India, a wholly owned subsidiary of US based
 iPolicy. 
 
 2008
 
 -Tech Mahindra Ltd has appointed Mr. M Damodaran as an additional
 Director of the Company in the category of Non Executive Independent
 Director by Board of Directors of the Company at their meeting held
 on July 22, 2008.
 
 -Tech Mahindra signs five year application support deal with BT
 Group
 
 -Tech Mahindra joins hand with Microsoft
 
 -Tech Mahindra wins $700m deal from BT
 
 2009
 
 - Tech Mahindra Ltd has appointed Mr. Ravindra Kulkarni and Mr. B H
 Wani as Additional Directors of the Company in the category of 'Non
 Executive Independent Director' by the Board of Directors of the
 Company on March 30, 2009.
 
 - Tech Mahindra has won the bid for Satyam Computer after bidding at
 Rs 58 per share. Tech Mahindra would pay Rs1,757 crore for a 31 per
 cent stake in Satyam. Tech Mahindra has secured complete funding to
 acquire a 51 per cent stake in Satyam.
 
 - Etisalat DB, formerly known as Swan Telecom, has decided to
 outsource implementation of its software applications as well as IT
 infrastructure to Tech Mahindra as part of a $400-million deal, which
 is spread over the next 10 years. This is the largest IT services deal
 that the telecom software vendor has bagged in the domestic market.
 
 
 2010
 
 -AT&T 2010 Supplier Award for outstanding performance & service to
 AT& T and its affiliates.
 
 -Expands footprint in Latin America.
 
 -AT&T acquires 8.07% stake in Tech Mahindra for Rs 160 crore.
 
 -Tech Mahindra Ltd. Honored by AT&T as Outstanding Supplier.
 
 -Tech Mahindra is now concentrating more on the business in Middle
 East and African (MEA) market.
 
 -Bharti Airtel announces strategic partnership to drive world class
 customer service across Africa.
 
 2011
 
 -Tech Mahindra Sets Up BPO Operations in Philippines.
 
 -Enters billion dollar league.
 
 -AT&T 2011 Supplier Award for the 2nd year consecutively.
 
 -The research provider international firm, IDC has recently stated
 that Tech Mahindra - Mahindra Satyam combination may emerge as a
 major IT success in the Asia-Pacific region, especially for Indian IT
 service providers and other regional players.
 
 2012
 
 -Tech Mahindr - Merger of Tech Mahindra and Mahindra Satyam
 Announced.
 
 -Tech Mahindra inaugurates its 6th SEZ facility in Noida.
 
 -The global player British Telecom has started sale of a part of its
 over 23 per cent stake in IT major Tech Mahindra in the open market.
 
 -Tech Mahindra acquires majority stake in Comviva Technologies.
 
 -Tech Mahindra extends partnership with Vodafone Qatar.
 
 2013
 -Mahindra Satyam and Tech Mahindra launches the Young CEO Program
 -Tech Mahindra Establishes First European Testing Lab in Sweden
 -Mahindra Satyam launches Contextual Services Platform for E-Commerce
 and Banking
 -Tech Mahindra Launches BSS Platform for New Telcos Entering the
 Market
 -Tech Mahindra Announces Strategic Partnership with NIS
 -Tech Mahindra - Mahindra Satyam merger consummated Announces new
 brand identity
 -Tech Mahindra Wins Pegasystems 2013 Partner Excellence Award
 -Tech Mahindra Signs an Outsourcing Contract for Application
 Maintenance and Development with Volvo Car Corporation
 -Tech Mahindra and Bosch Software Innovations announce Global System
 Integrator Partnership
 -Tech Mahindras Global Test Factory Achieves a Double Win at The
 European Software Testing Awards
 -Tech Mahindra Launches Hewlett Packard Center of Excellence
 
 2014
 -Tech Mahindra Launches NFC Testing Lab
 -Tech Mahindra and Microsoft Partner to Co-Develop the Spring Release
 of Microsoft Dynamics CRM
 -Tech Mahindra Launches Alstom Transport Global Development Center
 -Tech Mahindra Launches Reference Data Management Solution in North
 America
 -Tech Mahindra Opens a Delivery Center in Belgium
 -Tech Mahindra Wins 2014 Land Transport Excellence Awards for Best
 ICT Solution Delivery Partner
 -Tech Mahindra establishes Greater Montral center
 -Tech Mahindra signs MoU with Wichita State University
 -Tech Mahindra Wins Business Transformation Award at PegaWORLD 2014
 -Tech Mahindra and Bosch Software Innovations to create Internet of
 Things Ecosystem
 -Tech Mahindra launches Airbus Groups HUB at Electronic city
 facility, Bengaluru
 -Tech Mahindra Launches Telematics Platform for the Insurance
 Industry
 
 2015
 -Tech Mahindra Ltd forms a joint venture with Avion Systems
 -Tech Mah acquires SOFGEN to expand core banking expertise
 -Tech Mahindra Ltd had new customer service centre in Waterford with
 Three Ireland.
 -Tech Mahindra Achieves s openeAutomotive SPICE Level 3
 Certification
 -Tech Mahindra & IBM Join Hands to Accelerate Global Hybrid Cloud
 Adoption
 -Tech Mahindra launches SDN - NFV based Smart City Solutions
 -Tech Mahindra Ltd has entered into a strategic agreement with
 China-based company Gao Feng Advisory Company
 -Tech Mahindra Ltd has been selected by Circle Health to become their
 chosen technology partner for the next 10 yepower the Citizens of
 Ontario with Clean Energy
 -Tech Mahindra has entered into a globalars
 -PNMsoft collaborates with Tech Mahindra to offer superior customer
 experiences
 -Global Companies Join Hands to Em partnership with Real-Time
 Innovations (RTI)
 -Tech Mahindra Ltd has signed a contract with Bombardier to develop
 an aircraft ground support system (AGSS). 
 -Tech Mahindra  has entered into collaboration with Transport Systems
 Catapult (TSC), to develop Intelligent Mobility solutions
 -Mahindra Groups Saral Rozgar enters International Market for
 Blue-collar and Entry Level Employment 
 -TechM bags the Forbes Top 100 Middle East - Global Meets Local 2015
 Award
 -The Company has allotted the Bonus Shares in the Ratio of 1:1.
 -Tech Mahindra has splits its face value from Rs. 10 to Rs. 5
 
 2016
 -Tech Mahindra Ltd Acquisition of a UK Company - Tech Mahindra
 acquires leading Digital Change Agents: The BIO Agency
 -Tech Mahindra Ltd. FCA approves Tech Mahindra acquisition of Target
 Group
 -Tech Mah unveils new strategy for Network Services biz
 -Tech Mahindra enters Channel NewsAsia Sustainability Index
 -Tech Mahindra ranks in all categories in Zinnov Zones for IoT
 Technology Services
 -Tech Mahindra launches Virtual Network Function Exchange
 -Tech Mahindra-Mahindra Comviva launches new Revenue Experience
 platform for mobile operators
 -Tech Mahindra launches FEEDS, a Connected Intelligent Solution
 Transforming Fresh Food Supply Chain
 
 2017
 - Tech Mahindra Ltd acquire the CJS Solutions Group LLC, through its
 subsidiary company at US.
 - Tech Mahindra Ltd inaugurated a smart centre in Avadi for
 employment-based skill training programmes in the BFSI (banking,
 financial services and insurance) sector.
 -Tech Mahindra announced on that it had set up a state-of-the-art lab
 that would showcase technologies and their use to improve productivity
 on factory shop floors.
 -Tech Mahindra has launched InnovateMK, an incubator that will work
 with technology startups in Milton Keynes in the UK.
 - Tech Mahindra Ltd.  forming a joint venture with Midad Holdings
 unit Al Fozan Group to create a 100-seat delivery centre in Saudi
 Arabia.