Tech Mahindra - Milestones

Milestones

  • 1986 - Incorporation in India
  • 1987 - Commencement of Business
  • 1993 - Incorporation of MBT International Inc., the first overseas subsidiary
  • 1994 - Awarded the ISO 9009 certification by BVQI
  • 1995 - Established the UK branch office
  • 2001 - Incorporated MBT GmbH, Germany incorporated. Re-certified to ISO 9001:1994 by BVQI
  • 2002 - Assessed at Level 2 of SEI CMM by KPMG. Incorporated MBT Software Technologies Pte. Limited, Singapore
  • 2005 - Merged MBT with Axes Technologies (India) Private Limited,including its US and Singapore subsidiaries.Assessed at Level 3 of SEI CMMI by KPMG
  • 2006 - Name changed to Tech Mahindra Limited. Assessed at Level 4 of SEI People-CMM (P-CMM) by QAI India. Raised Rs46.5 million ($1 million) from a hugely successful IPO to build a new facility in Pune, to house about 9,000 staff. Formed a JV with Motorola Inc. under the name CanvasM.
  • 2007 - Acquired iPolicy Networks Private Limited. Launched the Tech M Foundation to address the needs of the underprivileged in our society.
  • 2009 - Tech M wins bid for fraud-hit Satyam Computer Services at Rs 58.90 per share outdoing Larsen & Toubro, the other player in the fray, which bid at Rs 45.90. Rebrands the company to Mahindra Satyam.
  • 2010 - Tech Mahindra expands footprint in Latin America
  • 2012 - Tech Mahindra acquires HGS for $87.1 million
  • 2012 - Tech Mahindra buys 51% stake in Comviva

Read more about this topic:  Tech Mahindra