Tech Mahindra: TechM to leverage M&M’s network via cross selling

The Mahindra group aims to “unlock the full potential” of Tech Mahindra through cross-selling and synergies within the group, M&M said during an India investor meet last week. The comments come at a time when Tech Mahindra, India’s fifth largest IT firm, is grappling with slowing growth and margins. Tech Mahindra is planning to leverage the group relationships to expand its network, the company said in a presentation to investors. Apart from continuing to service the parent group for its technology requirements, it will leverage the parent’s buying power to sell its services to the sellers of the Mahindra group, it said in an additional presentation at the group investor meeting which was also filed with the BSE.

The company has strong presence across auto original equipment manufacturers, T1 (tier-1), industrial, process manufacturing and A&D (aerospace and defence), said the presentation.