Tech Mahindra eyes higher revenues from digital analytics
Tech Mahindra's Chief Strategy and Marketing Officer, Jagdish Mitra, said that the company is looking to gain nearly 50% of its revenues from digital technology by 2020. Digital technology refers to the myriad of technology operations such as automation and data analytics. With its new stance on digital technology, Tech Mahindra joins the bandwagon to strategize their businesses to cloud computing and data analytics.
Tech Mahindra is one of India's largest multinational software companies. Headquartered in Pune, the company was founded by Anand Mahindra and is part of the conglomerate, Mahindra Group. With operations across 51 countries, the company garnered over $4 billion in revenues in its latest quarter. It is currently led by CP Gurnani, who serves as CEO and Vineet Nayyar, who serves as Vice Chairman.
Tech Mahindra restructures its network business
Late last month, the tech company announced that it would work along new strategies to increase revenues from its network business. The network business is pitched to be the tech giant's key business, contributing to over 50% of the firm's earnings. The company said that it would partner with other smaller companies and boost expansion, while also offering its network clients more services.
Automation set to impact BPO business
"In certain place for example a lot of work that we do in our BSG (business services group), which is basically for us our BPO and business process group, will have a larger impact of automation," said Mitra.
Looking forward: Digital technology trends
Last month, the National Association of Software and Services Companies (NASSCOM), said that the market for digital technology is expected to grow to $15 billion in another four years. At present, the market for this technology is placed at just about $5.6 billion. The robotics technology that is being adopted by Tech Mahindra is estimated to impact around 20% of its workforce next year.