TECH MAHINDRA COMPANY

PART - A

(ENTERPRISE HISTORY AND BACKGROUND)

1. HISTORY OF THE COMPANY

Tech Mahindra began as a joint venture with British Telecom and the company began
as Mahindra-British Telecom in the year 1986. This was the time when IT revolution
was [Link] a company that was into manufacturing, automobile and steel, its
foray into telecom and IT was a tactical move to diversify the Mahindra Group.
TCS, Infosys and WIPRO were headed to success in the 80s, and Mahindra Group’s
step was a clear quest in search for new opportunities.

By 1995, it had established office in the UK and expanded to Germany in 2001. Till
then, Mahindra-BT was more into telecom software. It was the acquisition of Axes
Technologies that really made the company takeoff. By 2005, Mahindra-BT was the
eighth largest software exporter in India. The name was changed to Tec h Mahindra in
the year [Link] clearing the roadblocks, Mahindra headed to the best strategy ever.
The acquisition of Satyam Computers in 2009 made Tech Mahindra became a player in
the Indian IT industry. Satyam Computers was rocked by a financial crisis and hit an
all-time low. Mahindra jumped at the opportunity.
.

The company hit new ground in 2010 when it became the official IT partner and sponsor
for the 2010 FIFA world cup. This was a huge step forward for the company which earned
a huge global recognition. Mahindra managed about 1 billion US$ worth of assets during
the world cup.
Over the years, Tech Mahindra could not quite reach the level of its peers such as Infosys
and Wipro. Despite all the challenges, the company worked diligently toward s achieving
new heights.

Mahindra group adopted a philosophy of Rise. The company set out to achieve world class
standards in their efforts to grow as a conglomerate by challenging conventional thinking
and apply constant innovation. The three pillars of their philosophy are a) Accepting no
limits, b) Alternative thinking and c) Driving positive change.
Tech Mahindra’s recent success is one shining example of the effectiveness of their
philosophy. Today, the company has presence in more than 51 countries and over 600
clients. Tech Mahindra grew over 14% in the second quarter of 2014. The growth has
become quite a story in itself and synonymous with its new ambition to Rise.
The story of the company’s successful journey and steady growth is an excellent t estimony
to the fact that hard work, dedication and determination always bring you rewards

2. VISSION –MISSION-VALUES-PHILOSOPHY OF THE COMPANY

Vision & Mission

Tech Mahindra Foundation is the Corporate Social Responsibility (CSR) arm of Tech Mahindra.
It was set up in 2007 as a Section 25 Company (referred to as Section 8 Company in the
Companies Act, 2013), with a vision of Empowering through Education, and a mission
encapsulated in the words below:

Educated, skilled and able women and men are a country’s true strength. We aspire to see
children who are purposefully engaged, youth that is constructively employed and a society that
provides equal opportunities to people with different abilities. Through its corporate social
responsibility initiatives, the Mahindra Group commits itself to this .
The key focus areas for Corporate Social Responsibility at Tech Mahindra Foundation are:

•Empowerment of girls/women
•Empowerment of people with disabilities
• Corporate volunteering

These three areas are cross cutting themes for all our projects and programmes at Tech
Mahindra Foundation.

Core Values
These are the core beliefs on which our organisation has been built, and they are the cornerstones
of our success. These enduring values guide our actions, decisions and relationships as we work
towards fulfilling our mission.
 Accepting No Limits
We accept no limits, and ask the same of everyone else. In return, we work relentlessly to provide
the tools, information, and inspiration for us to push past limitations and comfort zones.

Alternative Thinking
Alternative thinking means solving problems in ways no one thought of before, by using fewer
resources and entering markets thought to be unreachable.

Driving Positive Change

We want you to rise. And not just you. Your family. Your neighborhood. Your whole community.
This is why we come to work every day.

[Link] MANAGEMENT OF THE COMPANY

CEO-

CP GURNANI
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, TECH
MAHINDRA

CP Gurnani (popularly known as ‘CP’ within his peer group), is the Chief
Executive Officer and Managing Director of Tech Mahindra.

An accomplished business leader with extensive experience in international business development, start-ups and
turnarounds, joint ventures, mergers and acquisitions, CP led Tech Mahindra's transformation journey, and one of the
biggest turnarounds of Indian Corporate History - the acquisition and merger of Satyam.

His inimitable style of leadership, combined with his sharp focus on customer experience has helped Tech Mahindra
emerge as one of the leading digital IT solution providers of India.

In a career spanning 36+ years, CP has held several leading positions with Hewlett Packard Ltd, Perot Systems
(India) Ltd. and HCL Corporation Ltd. CP has also served as a Chairman of NASSCOM for the year 2016-2017. An
outstanding people manager, CP has an entrepreneurial style of management that is a blend of enthusiasm and
dynamism. He has always focused on people's strength to bring out the best in them. 'Work hard and play hard' is his
motto and he applies it to all aspects of his life with complete passion.

A chemical engineering graduate from the National Institute of Technology, Rourkela, he is a distinguished and active
alumnus of the Institute. CP has also been felicitated with an honorary Doctorate degree by Veer Surendra Sai
University of Technology. He also serves as active Chairman of IIM Nagpur.

CP has been chosen as the Ernst and Young ‘Entrepreneur of the Year [Manager]’, CNBC Asia’s ‘India Business
Leader of the Year’, Dataquest ‘IT person of the Year’ - in 2013 and Business Standard ‘CEO of the Year’ in 2014. He
was also awarded the ‘Best CEO of the Year’ at the Forbes India Leadership Awards held in 2015. Recent addition to
the bucket was ‘Asia One Global Indian of the Year - Technology’ in 2016. CP was also listed among the top 100
global CEOs as part of The Wall Street Journal CEO Council 2016.

CP strongly believes in promoting child education. He is an active member of the Tech Mahindra Foundation –
launched in 2007 to help the underprivileged children with 116,000 beneficiaries & counting. CP, along with his wife
Anita, have founded ‘Titliyan’, an NGO located in Noida spreading smiles, happiness and education to more than 140
under privileged children – a dream project for the Gurnanis. This is definitely a perfect culmination of his leadership
capabilities in all spheres of life.

CP is highly active in the social media platform like twitter and LinkedIn and you can connect and follow him on the
same

 CP’s Twitter handle - @C_P_Gurnani

CFO-

V S PARTHASARATHY
DIRECTOR
GROUP CFO, GROUP CIO
CHAIRMAN MAHINDRA EMARKET LTD
MEMBER OF THE GROUP EXECUTIVE BOARD MAHINDRA & MAHINDRA LTD.

V S Parthasarathy (fondly known as Partha) is a man with multiple thinking hats and a global le
CFO, Mahindra & Mahindra Limited (M&M) & Group CIO, he facilitates Mahindra Group in accomplishing its vision of ‘being amongs
brands in the world. He is a member of the think-tank of Mahindra Group’s supervisory board called “Group Executive Board”. He
eMarket Ltd., and on board of 4 listed companies and 10 other group companies.

He is a Chairman in Mahindra eMarket Ltd., and on board of 4 listed companies and 10 other group companies. He is also a Chairm
Association of Finance Profession of India (AFPI) – Governing Council. He is an active member of ‘CFO Board’- Think Tank for Financ
Chamber of Commerce & Industry) Managing Committee.

Partha started his career with Modi Xerox as a Management Trainee and before he joined Mahindra & Mahindra in 2000, he was the Ass
M&M, he spearheaded functions like Finance, HR, M&A, IT and International Operations before he was appointed CFO – M&M.

He has received many accolades and recognitions in the field of Finance, M&A & IT; some notable awards being:

 As Group CFO
o CFO Hall of Fame – from CFO India in 2014 for life time contribution to world of Finance
o CFO Manufacturing Sector –At 8th ICAI Awards 2014 by The Institute of Chartered Accountants of India
o 'CFO of the Year' 2013 award – from International Market Assessment (IMA)
o Best CFO of India Award by Corporate Excellence Awards
 As Group CIO
o CIOL Life Time Achievement Award by CIOL's C-Change Enterprise Awards 2015
o Global CIO-Hall of Fame 2012 by Information Week,
o CIO 100 – Hall of Fame by CIO after winning the awards for 4 consecutive years.
o CIO Life Time Achievement by UBS transformance 2017
 As Head of Group Finance and Mergers & Acquisition
o CFO Innovation Asia Award 2014 for Excellence in Mergers & Acquisitions
o Best CFO Award - 2012 by Business Today / Yes Bank in the “Enhancing Competitiveness through M&As.
o Facilitation of Global M&A Strategy by CCH Wolters & Kluwer
 o Award for Innovation & excellence for ‘Treasury Transformation’ from TMI
Some of his key career achievements are:

 Key player in Mahindra USA – Journey from 1000 to 10000 tractors per annum as Head FES -International Operations
 Cost leadership initiative in FES – bringing down breakeven point by ~ 40% from 52K tractors to 32K tractors
 Positioned Mahindra on the global map by handling acquisitions of companies in various geographies like Korea, C
more than 50 M&A transactions
 Deal of the decade: Global alliance between Mahindra& CIE Automotive S.A. of Spain
 Spearheaded the implementation of ERP platform through ‘Project Harmony’ for the group.
 Ideated and implemented the first ever Indian 50 years unsecured, rated, listed bullet bonds for Rs. 500 cr.
Partha is focused on professional excellence, continuous learning and developing young talent within the Group. He is passionate ab
encouraging innovations. He enjoys public speaking and manages to make time for interactions in industry forums for F&A, M&A and IT.

Partha, holds a Bachelor’s Degree in Commerce and is a fellow member of the Institute of Chartered Accountants of India. He is H
Management Program -batch 2011. He has also been part of Mahindra Group’s Senior Management team for Group strategy develop
Business School.

Partha and his wife, Jayashree live in Mumbai and are blessed with two sons.

COO-

L. RAVICHANDRAN
CHIEF OPERATING OFFICER

L. Ravichandran (Ravi, to all his peers) is President and Chief Operating Officer for Tech Mah
the organization’s senior executive leadership team. In a career spanning 37 years, he has
building and delivering businesses to many Fortune 500 organizations across the world.

At Tech Mahindra, Ravi heads global delivery across all verticals, competencies and geograph
role in many initiatives including alliances and acquisitions. Ravi’s strength lies in creation of n
known for his capability to create high performance teams, deliver quality solutions and nurture strong client relationships.

Prior to Tech Mahindra, Ravi was Chief Operating Officer in Perot Systems India. He has worked with reputed organizations including
headed the Application Solutions division and managed client relations, services and delivery of large accounts.

Ravi holds a Master’s degree in Computer Science and is a distinguished alumnus of the Indian Statistical Institute, Kolkata.
CTO-
Atul Kunwar
President and Chief Technology Officer, Tech Mahindra Limited

Age Total Calculated Compensation This person is connected to 0 Board Member in 0 organization
across 7 different industries.
54 --

Background
Mr. Atul Kunwar has been President and Chief Technology Officer at Tech Mahindra Limited since
December 2015. Mr. Kunwar served as the Managing Director of Private Equity Business of Ambit

Holdings Pvt. Ltd. since November 2011. He was the Operating Partner at Ambit Pragma Ventures Pvt.
Ltd. Mr. Kunwar served as Chief Business Development Officer at Tech Mahindra and was responsible
for developing new geographies like Apac and India. He has over 25 years of experience .

3. SUSTAINABILITY INITIATIVES / CSR INITIATIVES

Sustaining Business with Responsibility

Alternative thinking is a way of life at Mahindra. Alterative thinking has propelled us to identify high impact
material issues and concentrate individually on each one of them with a sole purpose of a sustainable
business model. Tech Mahindra nurtures the same business philosophy of alternative thinking, strategically
leveraging sustainability as our competitive advantage.

At Tech Mahindra our ideology of sustainability is reflected in our rigor and strategic thinking across the
organization. We believe that our operations should not adversely affect the future of our society, its
ecological balance and life support functions. The foundation to our sustainability initiatives is based on
three key tenets as below

Tech Mahindra has become one of a growing crop of Asian firms to publicly commit to setting Science-
Based Climate Targets. Our company is recognized as committed to setting science-based emissions
reduction targets on the Science Based Targets Initiative website as well as the partners’ websites at CDP
and We Mean Business. We ensure our active support of the UN’s climate change talks in Paris last year
and our ambition to become carbon neutral in the future. A step towards this is setting targets that are in
line with the level of decarbonization required to stop global temperatures from rising by more than 2°C
compared to pre-industrial levels. Tech Mahindra is also the 1000th company to take the climate
commitment for We Mean Business.

Sustainability highlights:
 Recognized as World Leader for Supplier engagement on Climate Change 2018 by CDP-
the only Indian Company on this Leader Board
 Included in the RobecoSAM 2018 Sustainability Yearbook and has received the Silver Class
distinction for excellent sustainability performance
 Listed as a ‘Rising Star’ in the CDP’s India Leaders 2017
 Rated Gold in CII Sustainability Plus Corporate Assessments 2016
 Winner of the Mahindra Group Grand Master Sustainability Award 2017
 Winner of iNFHRA's FM Excellence Conference Awards 2017 for Ecological Sustainability
 Constituent of the FTSE4Good Emerging Index 2017
 Member of DJSI World Index for 2017- one amongst the only 4 Indian companies to be
listed
 Member of DJSI Emerging Markets for 2017- amongst the 11 Indian companies to make
this list
 Included as member of the United Nations Global Compact (UNGC)
 Awarded the Silver Class distinction in the DJSI Sustainability Yearbook 2017
 Recognised as CDP Global Supplier A List 2017
 Constituent of the FTSE4Good Emerging Index 2016
 Received the Skoch Order-of-Merit for Innovation
 Amongst the only three Indian companies to be listed on the DJSI World Index for 2016
 Amongst one of the 10 Indian companies to make it to the DJSI Emerging Markets for 2016
 Tech Mahindra has retained its Leadership position and has been rated “A”, the top ranking
in the Climate A List 2016 of the Climate Disclosure Project. It is one amongst the only 2
companies from India to be rated the highest level ranking ‘A’ in the CDP’s Climate list.”
 Gold Rated at CII Sustainable Plus 2015
 Tech Mahindra receives Runner-Up for ASSOCHAM Responsible Organization Excellence
Award 2015-16
 Tech Mahindra Limited, Mumbai' has been declared as the Winner of ‘Golden Peacock
Award for Risk Management’ for the year 2015.
 Tech Mahindra won four awards at the SHRM HR Awards 2015, bagging the top honors in
three categories and runners up in the fourth category. Winner of Excellence in Social
Media People Practices, Winner of Excellence in Community Impact, Winner of Excellence
in Developing Leaders of Tomorrow, Runners Up in Employee Health and Wellness
Practices
 Tech Mahindra has won the Silver in the prestigious Innovation Category (Large
 Enterprises) in this year's Express IT Awards.
 Tech Mahindra Foundation has bagged the Mahindra Rise Star Performer Award for 2015.
 Tech Mahindra has been awarded the prestigious ‘Forbes Top 100 Middle East - Global
Meets Local 2015’ Award.
 Tech Mahindra has won the prestigious ‘Training Top 125’Award for 2016.
 Tech Mahindra has been recognized by NextDC as ‘Highly Commended – As a Service
Partner of the Year’.
 Tech Mahindra has won the IOT Award 2015 for Smart City Initiative at the World
Communication Awards Ceremony organized by Total Telecom in Wembley Stadium,
London.
 Tech Mahindra bagged the prestigious Aegis Graham Bell Award for the Best Solution in
Smart Cities at a grand award ceremony held in New Delhi, India

COLLABORATIONS-
Alliances and Partnerships
Through a powerful alliance ecosystem of leading technology firms and disruptive startups, we develop our
business capabilities to deliver a complete and customized solution to our customers. Our dedicated
Alliance teams and partner management help our customers in their journey of digital transformation and
be relevant in the market.

Type of partnerships

Strategic Alliances

 Global relationship
 Joint GTM strategies
 Differentiated joint offerings
 World class lab and training infrastructure
Solution Partners

 Technical engagement
 Niche technology firms
 Regional engagement

4. MERGERS AND ACQUISITIONS

Mergers and Acquisitions Mergers Two wholly owned subsidiaries of Tech Mahindra, Tech Mahindra
BPO Limited (TMBL), and New vC Services Private Limited (New vC), merged with the Company
during the year 2015-16. As a result of the merger, the entire business and all the assets and
liabilities, duties, taxes and obligations of both the merged companies have been transferred to and
 vested in Tech Mahindra with effect from April 1, 2015. During the current year, Mahindra
Engineering GmbH got amalgamated with Tech Mahindra GmbH. Acquisitions Pininfarina Tech
Mahindra and Mahindra & Mahindra (M&M), have jointly entered into an agreement with Pincar
S.r.l., to purchase a controlling stake in Pininfarina S.p.A.. Pininfarina is an iconic 85 year old
legendary Italian styling brand associated among others with Ferrari, Alfa Romeo and Peugeot. As
part of the agreement, Tech Mahindra and M&M shall purchase 76.06 % of Pininfarina shares from
the current controlling shareholder Pincar S.r.l. This acquisition will complement existing
engineering capability of the Company with High-end styling and Engineering Services.

PART B- ORGANISATIONS