Tech Mahindra Limited

BSE: 532755 NSE: TECHM
Tech Mahindra Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L64200MH1986PLC041370 Incorporated 24 October 1986 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: TECHM · BSE: 532755 Public Limited Company information technology Fortune India 500 · #54 India's Most Valuable Nifty 50
Data last updated
Market Cap
₹1,79,830 Cr
TECHM · NSE
Share Price
₹1,829.10
-0.31% today
Revenue
₹56,815 Cr
FY 2025-26 · +7.2% YoY
EBITDA
₹8,760 Cr
Margin 15.4%
Net Profit
₹4,995 Cr
FY 2025-26 · +37.0% YoY
P/E (TTM)
30.5x
P/B 5.9x
ROE
16.9%
ROCE 20.7%
Debt / Equity
0.07
Interest cover 4.9x

About Tech Mahindra Limited

Data last updated:

Tech Mahindra Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 October 1986 and has been in existence for over 40 years.

Tech Mahindra is ranked #54 on the Fortune India 500 (2025). It is part of the Nifty 50, Sensex, Nifty 500 and BSE 500 indices. Its director Anand Mahindra and family are #41 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L64200MH1986PLC041370. Its GSTIN is 27AAACM3484F1ZI (Maharashtra). The company holds 28 GST registrations, of which 24 are active. Its shares are listed on BSE: 532755 and NSE: TECHM.

The company has an authorised share capital of ₹924.3 Cr and a paid-up capital of ₹490.08 Cr. It was formerly known as Mahindra British Telecom Limited. It is led by directors including Mohit Joshi (Managing Director) and Anish Dilip Shah.

Its last annual general meeting (AGM) was held on 17 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gateway Building Apollo Bunder, Mumbai, Maharashtra, India – 400001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹56,815 Cr, a growth of 7.2% compared to the previous year. For the same year it recorded a net profit of ₹4,995.04 Cr (net margin 8.8%) and EBITDA of ₹8,760.2 Cr (EBITDA margin 15.4%). The net worth stands at ₹29,615 Cr (up 8.2% YoY). Total assets are valued at ₹35,268 Cr (up 8.6% YoY).

The company has about 110,612 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.

The company is associated with 4 brands: PalmLeaf, Yabx, Tech Mahindra and Tech Mahindra. As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹4,369.78 Cr on record. Court records list 683 cases involving the company, including 292 filed by the company and 392 filed against it; 154 cases are pending. The company has 65 deals on record (60 market trades, 2 secondary share transfers, 2 acquisitions); the latest was in October 2025. Its 6 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 2 smaller; the largest is Tata Consultancy Services Limited with revenue of ₹2,59,286 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 209 overdue payments to 66 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website techmahindra.com.

Company details

CIN L64200MH1986PLC041370
Registration Number 041370
Incorporation Date 24 October 1986
ROC Mumbai
Listing Status Listed (BSE: 532755, NSE: TECHM)
Company Status Active
Date of Last AGM 17 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Tech Mahindra has one previous CIN (Corporate Identification Number): U64200MH1986PLC041370. The current CIN is L64200MH1986PLC041370, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L64200MH1986PLC041370Current
U64200MH1986PLC041370Previous
Key People
Mohit Joshi Managing Director Anish Dilip Shah Director Mukti Vishvanath Khaire Director

Recognitions & Rankings of Tech Mahindra

Fortune India 500 2025 edition
Rank#54
Total income
₹53,852 Cr
Profit
₹4,252 Cr
Last year #50
India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹1,44,380 Cr
2024 #36 2023 #35 2022 #39
Stock market indices
Nifty 50 Sensex Nifty 500 BSE 500

Contact details

Tech Mahindra Limited's registered office is in Mumbai, Maharashtra. Its website is techmahindra.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    techmahindra.com
  • Social Media
  • Registered Address
    Gateway Building Apollo Bunder, Mumbai, Maharashtra, India – 400001
  • Industry
    Information Technology, IT Consulting & Support Services

To see the full contact details of Tech Mahindra Limited, buy the company report.

Comprehensive company report
Tech Mahindra Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Tech Mahindra operates multiple associated brands including PalmLeaf, Yabx, and Tech Mahindra. Each brand links to its own profile.

BrandDescriptionWebsite
PalmLeaf
Delivers learning management and engagement solutions.palmleafsolutions.com
Yabx
Provides digital lending solutions for efficient financial access.yabx.co
Tech Mahindra
Provider of data analytics, cloud management, and business process outsourcing servicestechmahindra.com
Tech Mahindra
A suite of IT services is provided to clients.eventusg.com

Business activity

The main business activity of Tech Mahindra is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities
JInformation and communicationJ7Data processing, hosting and related activities; web portal

To see the full business activity and turnover split of Tech Mahindra Limited, buy the company report.

Financials of Tech Mahindra Limited

FY 2025-26 filings available

Tech Mahindra Limited reported revenue of ₹56,815 Cr (up 7.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹56,815 Cr
+7.2% YoY
EBITDA
₹8,760 Cr
+25.8% YoY
Profit After Tax
₹4,995 Cr
+37.0% YoY
Net Worth
₹29,615 Cr
+8.2% YoY
Total Assets
₹35,268 Cr
+8.6% YoY
Total Debt
₹2,186 Cr
+7.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue56,81552,98851,99653,29044,64637,85536,868
Revenue growth+7.2%+1.9%-2.4%+19.4%+17.9%+2.7%-
EBITDA8,7606,9644,5067,7638,0206,7965,503
EBITDA margin+15.4%+13.1%+8.7%+14.6%+18.0%+18.0%+14.9%
Profit before tax6,5735,6533,2246,4467,4525,9535,058
Net profit4,9953,6452,3564,8285,5614,4274,027
Net profit margin+8.8%+6.9%+4.5%+9.1%+12.5%+11.7%+10.9%
EPS (₹)54.3248.0526.7154.9063.4250.6646.26
Balance sheet
Total assets35,26832,47132,29634,32733,66731,25229,030
Net worth29,61527,36226,66927,92426,88624,86521,813
Total debt2,1862,0252,5372,7402,6182,9013,670
Cash & bank5,1054,5424,7364,2553,9742,8353,148
Net working capital10,3398,9909,79310,1509,2717,2439,272
Cash flow
Cash from operations6,1725,7866,3765,5725,2858,0944,358
Cash from investing(314)(15.10)(1,318)(226)480(5,433)1,081
Cash from financing(5,130)(5,799)(4,767)(5,078)(4,667)(2,987)(4,466)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue16,18015,71215,07614,39313,99513,35113,38413,286
Revenue growth (YoY)+15.6%+17.7%+12.6%+8.3%+5.1%+2.7%--
Other income(7.40)(106)(205)(20.80)40.0021917323.10
EBITDA2,8782,7382,5652,0932,1651,9351,8391,809
EBITDA margin+17.8%+17.4%+17.0%+14.5%+15.5%+14.5%+13.7%+13.6%
Depreciation491479481474469458462459
Interest83.6011188.8093.6077.2077.8085.3075.90
Profit before tax2,2962,0421,7911,5051,6591,6181,4641,297
Tax686556434386458489322309
Net profit1,6101,4861,3561,1191,2021,1291,142989
EPS (₹)17.8416.5015.2412.6413.4612.8613.1511.08
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue48,92744,61742,70042,65735,76129,64129,225
Revenue growth+9.7%+4.5%+0.1%+19.3%+20.7%+1.4%-
EBITDA5,7184,2582,5774,7705,7925,3303,700
EBITDA margin+11.7%+9.5%+6.0%+11.2%+16.2%+18.0%+12.7%
Profit before tax5,1644,4972,5454,9046,4295,5275,332
Net profit4,0282,9312,0613,7765,0204,2374,571
Net profit margin+8.2%+6.6%+4.8%+8.9%+14.0%+14.3%+15.6%
EPS (₹)39.3935.8121.1338.7851.6943.7846.95
Balance sheet
Total assets25,89125,90725,97827,87829,04127,58224,747
Net worth21,72222,42123,10125,20426,21025,01622,273
Total debt1,505982506579617519481
Cash & bank1,8611,6781,6241,2041,3621,0501,858
Net working capital5,0764,8905,8156,6897,4765,1747,708
Cash flow
Cash from operations4,5944,2935,1234,1023,2136,8522,380
Cash from investing527513(41.20)7341,576(5,602)3,306
Cash from financing(4,899)(4,659)(4,747)(4,992)(4,607)(2,066)(4,842)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue13,74213,21912,95612,30812,06811,59511,58411,176
Revenue growth (YoY)+13.9%+14.0%+11.9%+10.1%+8.9%+7.6%--
Other income538(137)(195)135246394163175
Total expenses11,76811,26011,62910,89210,51110,17810,5529,999
EBITDA1,9751,9591,3281,4171,5571,4171,0311,177
EBITDA margin+14.4%+14.8%+10.2%+11.5%+12.9%+12.2%+8.9%+10.5%
Depreciation240235230219213211216217
Interest67.8076.3073.6072.5056.6058.8061.2059.80
Profit before tax2,2041,5108281,2611,5331,5419181,075
Tax590372287297358363207217

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue16,18015,71215,07614,39313,99513,35113,38413,286
Revenue growth (YoY)+15.6%+17.7%+12.6%+8.3%+5.1%+2.7%--
Other income(7.40)(106)(205)(20.80)40.0021917323.10
EBITDA2,8782,7382,5652,0932,1651,9351,8391,809
EBITDA margin+17.8%+17.4%+17.0%+14.5%+15.5%+14.5%+13.7%+13.6%
Depreciation491479481474469458462459
Interest83.6011188.8093.6077.2077.8085.3075.90
Profit before tax2,2962,0421,7911,5051,6591,6181,4641,297
Tax686556434386458489322309
Net profit1,6101,4861,3561,1191,2021,1291,142989
EPS (₹)17.8416.5015.2412.6413.4612.8613.1511.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue56,81552,98851,99653,29044,64637,85536,868
Revenue growth+7.2%+1.9%-2.4%+19.4%+17.9%+2.7%-
Other income31.908649279651,1157881,192
Total expenses48,05546,02447,48945,52736,62631,05931,365
Employee cost30,47929,62429,12827,69222,28619,29718,810
EBITDA8,7606,9644,5067,7638,0206,7965,503
EBITDA margin+15.4%+13.1%+8.7%+14.6%+18.0%+18.0%+14.9%
Depreciation1,8821,8531,8171,9571,5201,4581,446
Interest337322392326163174192
Profit before tax6,5735,6533,2246,4467,4525,9535,058
Tax1,7681,4008281,5881,8221,6001,160
Net profit4,9953,6452,3564,8285,5614,4274,027
Net profit margin+8.8%+6.9%+4.5%+9.1%+12.5%+11.7%+10.9%
EPS (₹)54.3248.0526.7154.9063.4250.6646.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital443442441440439437436
Reserves & surplus29,17326,91926,22627,48326,44624,42321,376
Shareholders' funds (net worth)29,61527,36226,66927,92426,88624,86521,813
Minority interest462430477470495380393
Secured loans38.9041.0014927.5023.30151546
Unsecured loans2,1471,9842,3872,7132,5952,7503,125
Total debt2,1862,0252,5372,7402,6182,9013,670
Total liabilities35,26832,47132,29634,32733,66731,25229,030
Assets
Gross block31,73229,12028,32728,08525,97118,94118,177
Net block14,86413,98213,90314,93214,7849,0188,872
Capital work in progress26.8020.6013312016511850.10
Investments3,4263,1823,2383,3884,88410,2385,848
Inventories10439.4037.5023.6040.5024.2035.80
Sundry debtors13,35811,54711,40112,88211,9336,4737,577
Cash & bank balances5,1054,5424,7364,2553,9742,8353,148
Loans & advances5,6724,6584,4724,4904,0716,2616,799
Total current assets24,23920,78620,64621,65020,02015,59317,560
Total current liabilities13,90011,79610,85311,50010,7488,3508,288
Net working capital10,3398,9909,79310,1509,2717,2439,272
Total assets35,26832,47132,29634,32733,66731,25229,030
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4,3184,3474,0563,7892,6903,0172,043
Net cash from operating activities6,1725,7866,3765,5725,2858,0944,358
Net cash from investing activities(314)(15.10)(1,318)(226)480(5,433)1,081
Net cash from financing activities(5,130)(5,799)(4,767)(5,078)(4,667)(2,987)(4,466)
Net change in cash728(28.60)2912671,098(326)974
Closing cash5,1054,5424,7364,2553,9742,8353,148
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.2%+1.9%-2.4%+19.4%+17.9%+2.7%-
EBITDA growth+25.8%+54.5%-42.0%-3.2%+18.0%+23.5%-
PBT growth+16.3%+75.3%-50.0%-13.5%+25.2%+17.7%-8.8%
Net income growth+37.0%+54.7%-51.2%-13.2%+25.6%+9.9%-
Revenue CAGR (3Y)+2.2%+5.9%+11.2%+13.1%+8.7%+7.2%+8.2%
EBITDA CAGR (3Y)+4.1%-4.6%-12.8%+12.2%+8.5%+13.0%+9.6%
Profitability & leverage
Net income margin+8.5%+8.0%+4.6%+9.1%+12.6%+11.5%+10.6%
Return on capital employed+20.7%+18.7%+11.0%+20.2%+23.8%+20.6%+19.8%
Return on net worth+16.9%+15.7%+8.8%+17.7%+21.8%+18.7%+18.5%
Debt / equity0.070.080.100.100.110.140.13
Long-term debt / equity0.050.040.030.030.040.040.03
Interest cover4.916.2914.585.612.503.264.73
Efficiency & per share
Fixed asset turnover1.871.841.841.971.992.052.23
Inventory turnover791.301,378.111,701.981,662.721,380.091,261.84664.28
Debtors turnover4.564.624.284.304.855.395.07
EPS (₹)54.3248.0526.7154.9063.4250.6646.26
Dividend per share (₹)51.0045.0040.0050.0030.0045.0015.00
Book value per share (₹)334.41309.24302.15317.31306.34284.44250.20
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue13,74213,21912,95612,30812,06811,59511,58411,176
Revenue growth (YoY)+13.9%+14.0%+11.9%+10.1%+8.9%+7.6%--
Other income538(137)(195)135246394163175
Total expenses11,76811,26011,62910,89210,51110,17810,5529,999
EBITDA1,9751,9591,3281,4171,5571,4171,0311,177
EBITDA margin+14.4%+14.8%+10.2%+11.5%+12.9%+12.2%+8.9%+10.5%
Depreciation240235230219213211216217
Interest67.8076.3073.6072.5056.6058.8061.2059.80
Profit before tax2,2041,5108281,2611,5331,5419181,075
Tax590372287297358363207217
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue48,92744,61742,70042,65735,76129,64129,225
Revenue growth+9.7%+4.5%+0.1%+19.3%+20.7%+1.4%-
Other income5811,3331,0691,1281,4479222,366
Total expenses43,20940,35940,12337,88829,97024,31125,525
Employee cost17,66317,10716,40614,96911,7309,1639,283
EBITDA5,7184,2582,5774,7705,7925,3303,700
EBITDA margin+11.7%+9.5%+6.0%+11.2%+16.2%+18.0%+12.7%
Depreciation873855850813740662667
Interest26223925118168.9063.2066.70
Profit before tax5,1644,4972,5454,9046,4295,5275,332
Tax1,3049914811,1271,4061,288798
Net profit4,0282,9312,0613,7765,0204,2374,571
Net profit margin+8.2%+6.6%+4.8%+8.9%+14.0%+14.3%+15.6%
EPS (₹)39.3935.8121.1338.7851.6943.7846.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital490490488487486484483
Reserves & surplus21,23221,93122,61124,71625,72024,52721,790
Shareholders' funds (net worth)21,72222,42123,10125,20426,21025,01622,273
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1,505982506579617519481
Total debt1,505982506579617519481
Total liabilities25,89125,90725,97827,87829,04127,58224,747
Assets
Gross block12,36611,69311,34510,6549,9798,4528,643
Net block4,1633,8783,6593,6413,6303,0483,336
Capital work in progress21.7017.8094.3047.6013611135.20
Investments12,03312,42712,51713,32014,53216,55210,649
Inventories0.000.000.000.000.000.000.00
Sundry debtors11,7309,8449,58010,3529,9017,2396,212
Cash & bank balances1,8611,6781,6241,2041,3621,0501,858
Loans & advances3,8943,6433,3253,2912,7322,6775,213
Total current assets17,48515,16414,53014,84613,99410,96613,283
Total current liabilities12,40810,2748,7148,1576,5185,7925,575
Net working capital5,0764,8905,8156,6897,4765,1747,708
Total assets25,89125,90725,97827,87829,04127,58224,747
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,6021,4561,1221,2501,0681,804960
Net cash from operating activities4,5944,2935,1234,1023,2136,8522,380
Net cash from investing activities527513(41.20)7341,576(5,602)3,306
Net cash from financing activities(4,899)(4,659)(4,747)(4,992)(4,607)(2,066)(4,842)
Net change in cash222146334(156)181(816)844
Closing cash1,8611,6781,6241,2041,3621,0501,858
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.7%+4.5%+0.1%+19.3%+20.7%+1.4%-
EBITDA growth+34.3%+65.2%-46.0%-17.7%+8.7%+44.1%-
PBT growth+14.8%+76.7%-48.1%-23.7%+16.3%+3.7%-1.7%
Net income growth+37.4%+42.2%-45.4%-24.8%+18.5%-7.3%-
Revenue CAGR (3Y)+4.7%+7.7%+12.9%+13.4%+9.5%+7.8%+8.1%
EBITDA CAGR (3Y)+6.2%-9.7%-21.5%+8.8%+3.9%+11.0%+0.3%
Profitability & leverage
Net income margin+7.9%+7.9%+4.8%+8.9%+14.1%+14.3%+15.5%
Return on capital employed+21.0%+16.5%+10.4%+17.9%+23.0%+21.4%+22.9%
Return on net worth+17.5%+12.9%+8.5%+14.7%+19.6%+17.9%+21.1%
Debt / equity0.060.030.020.020.020.020.01
Long-term debt / equity0.040.020.010.020.010.010.01
Interest cover5.407.0114.554.571.361.352.20
Efficiency & per share
Fixed asset turnover4.073.873.884.133.883.473.62
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover4.544.594.284.214.174.414.80
EPS (₹)39.3935.8121.1338.7851.6943.7846.95
Dividend per share (₹)51.0045.0040.0050.0030.0045.0015.00
Book value per share (₹)221.70229.02236.48258.70269.67258.32230.61

To see the full year-wise statements and ratios of Tech Mahindra Limited, buy the company report.

Board of directors of Tech Mahindra Limited

Tech Mahindra has 10 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anish Dilip Shah
Also directs: Mahindra and Mahindra Limited, Tech Mahindra Foundation, Mahindra Electric Automobile Limited and 4 more
Director10 Sep 20197 Years 1 MonthsCurrent
Mukti Vishvanath KhaireDirector19 Apr 20197 Years 6 MonthsCurrent
Haigreve Khaitan
Also directs: Harulika Ventures LLP, Bhasa Agri LLP, Perito Tessili Designs LLP and 5 more
Director01 Aug 20197 Years 2 MonthsCurrent
Shikha Sanjaya Sharma
Also directs: Mahindra and Mahindra Limited, Tata Consumer Products Limited, Piramal Finance Limited and 3 more
Director01 Aug 20197 Years 2 MonthsCurrent
Penelope FowlerDirector13 May 20224 Years 5 MonthsCurrent
Anand Gopal Mahindra
Also directs: Gotham Park Projects LLP, Mahindra and Mahindra Limited, Araku Originals Private Limited and 5 more
Director19 Sep 199531 Years 1 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Tech Mahindra Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Tata Consultancy Services Limited Listed₹2,59,286 Cr (FY 2025)6.0%Mumbai, Maharashtra, India
Infosys Limited Listed₹1,66,590 Cr (FY 2025)5.0%Bangalore, Karnataka, India
HCL Technologies Limited Listed₹1,19,540 Cr (FY 2025)7.0%New Delhi, Delhi, India
Wipro Limited Listed₹92,972 Cr (FY 2025)1.0%Bangalore, Karnataka, India
Tech Mahindra Limited this company₹56,815 Cr (FY 2026)7.2%110,612Mumbai, Maharashtra, India
Cognizant Technology Solutions India Private Limited₹42,951 Cr (FY 2025)4.0%Chengalpattu, Tamil Nadu, India
LTM Limited Listed₹38,998 Cr (FY 2025)8.0%Mumbai, Maharashtra, India

To see the full peer comparison of Tech Mahindra Limited, buy the company report.

Auditor

Tech Mahindra Limited is audited by BSR & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BSR & Co. LLPFY 2023101248W/W-100022

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 35.00%, foreign institutional investors hold 18.70%, domestic institutional investors hold 37.10% and retail and other public shareholders hold 9.30%.

Promoters: 35.00%DII (Domestic Institutional): 37.10%FII (Foreign Institutional): 18.70%Retail & Others: 9.30%
Sep 2026
QUARTER
35.00% Promoters
37.10% DII (Domestic Institutional)
18.70% FII (Foreign Institutional)
9.30% Retail & Others
Promoter holding - history
Now 35.00% · Sep 2026High 35.00% · Dec 2025Low 35.00% · Dec 2025
34%34.5%35%35.5%36%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 35.00%Mar 2026: 35.00%Jun 2026: 35.00%Sep 2026: 35.00%35.00%35.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters35.00%35.00%35.00%35.00%
Public65.00%65.00%65.00%65.00%

Charges & borrowings

Open charges
₹14 Cr
Satisfied charges
₹4,369.78 Cr
Breakdown by lending institutions
Others₹14.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Oct 2016100063178Others₹14 CrOpen
23 Nov 2017100137421Hdfc Bank Limited₹10 CrSatisfied
11 Oct 2017100128118State Bank of India₹617 CrSatisfied
29 Apr 201510595968Axis Bank Limited₹617 CrSatisfied
19 Nov 201310460436Kotak Mahindra Bank Limited₹53,267Satisfied

To see the full charge records of Tech Mahindra Limited, buy the company report.

Total charge records: 40 View all charges

Deals & funding

Tech Mahindra Limited has 65 deals on record (60 market trades, 2 secondary share transfers, 2 acquisitions); the latest was in October 2025.

Total deals
65
Market trades
60
Secondary share transfers
2
Acquisitions
2
IPO
1

Deals on record (5 of 65)

WhenDealAmountParties
Dec 2012Market trade₹811.34 CrBuyer: Hsbc India Equity Mother Fund, Icici Prudential Mutual Fund, Sbi Funds Management Private Limited A/C Magnum Balanced Fu
Seller: British Telecommunications Plc
Dec 2010Market trade₹450.98 CrBuyer: Mahindra and Mahindra Limited
Seller: British Telecommunications Plc
Nov 2010Acquisition₹452.83 CrBuyer: Mahindra and Mahindra Limited
Seller: British Telecommunications plc
Jun 2009Market trade₹52.99 CrBuyer: C D Integrated Services Limited
Seller: C D Integrated Services Limited
Aug 2006Market trade₹72.49 CrBuyer: Composite Securities Limited , Citigroup Global Markets Mauritius Pvt Ltd
Seller: Composite Securities Limited

To see the full deal history of Tech Mahindra Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Tech Mahindra Limited was last rated by Care on 15 Sep 2022.

Rating agencyRated onRating
Care15 Sep 2022

To see the full credit ratings and regulatory alerts of Tech Mahindra Limited, buy the company report.

MSME payment delays

Tech Mahindra Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 209 overdue payments to 66 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 66)

SupplierAmount dueDue sinceReported on
Scholar Alley Private Limited
Spacewood Office Solutions Private Limited
Sharada Erectors Private Limited
an individual supplier
Siddhika Coatings Private Limited

To see the full MSME payment records of Tech Mahindra Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Tech Mahindra has 11 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

11
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Comviva Technologies LimitedU72200HR1999PLC041214
Tech Mahindra Cerium Private LimitedU72200KA2013PTC070882
Satyam Venture Engineering Services Private LimitedU72200TG2000PTC033213
Zen3 Infosolutions Private LimitedU72200TG2015PTC102411
Perigord Premedia (India) Private LimitedU72300TG2015FTC099343
Begig Private LimitedU72900HR2021PTC094680

To see the full group structure of Tech Mahindra Limited, buy the company report.

Employees & EPFO

Tech Mahindra Limited has a workforce of 110,612 employees on its EPFO records as of Jul 02, 2024, across 3 active EPFO establishments.

Employee count
110,612
Active EPFO establishments
3
Employee growth
2.1%

GST

Tech Mahindra has 28 GST registrations: 24 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
28
Active
24
Cancelled / inactive
4
GSTINStateStatusRegistered on
27AAACM3484F1ZIMaharashtraActive01 Jul 2017
27AAACM3484F2ZHMaharashtraActive30 Jul 2017
27AAACM3484F3ZGMaharashtraActive01 Apr 2022
04AAACM3484F1ZQChandigarhActive01 Jul 2017

To see the full GST registrations and return filing status of Tech Mahindra Limited, buy the company report.

Recent activity

Tech Mahindra Limited has 36 board changes on record since 1995: 10 appointments and 26 cessations. The latest: Puneet Renjhen was appointed as Director on 01 Oct 2024.

AGM
Tech Mahindra Limited last Annual general meeting of members was held on 17 Jul 2026 as per latest MCA records.
Filing
Tech Mahindra Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge registered on 11 Oct 2017 via Charge ID 100128118 with State Bank Of India was fully satisfied on 10 Dec 2025.
Appointed
Puneet Renjhen was appointed as Director.
Ceased
Amarjyoti Barua ceased to be Additional Director.
Appointed
Neelam Dhawan was appointed as Director.
Appointed
Tarun Bajaj was appointed as Director.
Appointed
Mohit Joshi was appointed as Managing Director.
Appointed
Penelope Fowler was appointed as Director.
Ceased
Meleveetil Damodaran ceased to be Director.
Charges
A charge registered on 09 Feb 1989 via Charge ID 90119709 with Andhra Pradesh Industrial Development Corp. Ltd was fully satisfied on 05 Jan 2022.
Ceased
Manoj Bhat ceased to be CFO.

125 earlier events are in the company report.

News

Tech Mahindra: Citi on Tech Mahindra Maintains Sell, Target Price ₹1,355; Q2 constant-currency revenue growth of 2.4% QoQ and EBIT margin of 14.8% beat estimates, partly due to contract-normalisation timing; headcount trends remain weak excluding a large rebadging deal, quarterly TCV has stayed around US$1–1.1bn for four quarters, and premium valuations require sustained execution.
16 Oct 2026 · Exchange Update
Tech Mahindra: CLSA on Tech Mahindra Maintains Hold, Target Price ₹1,494; Q2 revenue, EBIT and PAT beat estimates by 0.2%, 2% and 3%, respectively, while the order book grew 25% YoY; management reiterated its FY27 15% EBIT margin target and growth ambition above twice the industry rate, citing competition—not AI-driven budget cuts—as the main source of pricing pressure.
16 Oct 2026 · Exchange Update
Tech Mahindra: HSBC on Tech Mahindra Maintains Buy, Target Price ₹1,800; Q2 results slightly beat expectations, with Tech Mahindra positioned for the strongest growth among the top eight IT peers; with its 15% EBIT margin target achieved, the company may prioritise sustaining 6–8% growth, offering an attractive growth recovery at reasonable valuations.
16 Oct 2026 · Exchange Update
Tech Mahindra: Nomura on Tech Mahindra Maintains Neutral, Target Price ₹1,650; Q2FY27 delivered a modest beat, with focus shifting to longer-term objectives after most three-year goals were achieved; stock trades at 18.1x FY28F EPS of ₹91.2.
16 Oct 2026 · Exchange Update
TECHM: Q2 REVENUE 161.8B RUPEES VS 157.1B (QOQ); EST 161B
15 Oct 2026 · Exchange Update
TECHM: Q2 CONS NET PROFIT 15.9B RUPEES VS 14.65B (QOQ); EST 16B
15 Oct 2026 · Exchange Update

Frequently asked questions

Tech Mahindra is an active public limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 October 1986 (40+ years old) and is registered under CIN L64200MH1986PLC041370. Listed on BSE: 532755 and NSE: TECHM.

Tech Mahindra reported revenue of ₹56,815 Cr for FY 2025-26 (up 7.2% YoY) based on consolidated financials.

Tech Mahindra has 10 current directors:

The latest financial statements of Tech Mahindra on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Tech Mahindra is 27AAACM3484F1ZI, registered in Maharashtra. The company has 28 GST registrations in all, of which 24 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACM3484F2ZH (Maharashtra), 27AAACM3484F3ZG (Maharashtra), 04AAACM3484F1ZQ (Chandigarh).

The CIN (Corporate Identification Number) of Tech Mahindra is L64200MH1986PLC041370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tech Mahindra is listed on both BSE (code: 532755) and NSE (symbol: TECHM).

Tech Mahindra has 683 court cases on record: 292 filed by the company and 392 filed against it. 154 are pending. Most are in the high courts.

Tech Mahindra was incorporated on 24 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.

Tech Mahindra has 65 deals on record (60 market trades, 2 secondary share transfers, 2 acquisitions); the latest was in October 2025.

The peers of Tech Mahindra by revenue are Tata Consultancy Services Limited, Infosys Limited, HCL Technologies Limited, Wipro Limited, Cognizant Technology Solutions India Private Limited and 1 more, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).

Puneet Renjhen was appointed as Director on 01 Oct 2024. Amarjyoti Barua ceased to be Additional Director on 25 Jul 2024. Neelam Dhawan was appointed as Director on 01 May 2024. Tech Mahindra has 36 board changes on record in total.