The above graph represents the total number of Tech Mahindra employees by quarter, starting from fiscal Q1 2005 to the recently completed quarter. As of December 2019, the company has a total of 130,839 employees around the world. That’s nearly 7.4% YoY (8,997 people) growth in the number of Tech Mahindra employees during FY Q3 2020.
|Source||Tech Mahindra Limited|
|Note||Tech Mahindra financial year starts from April 1st|
Fiscal Q4 2006 was the first time when the Tech Mahindra global employee count crossed 10,000 mark. The total employee count increased 86.8% YoY to 10,493 people, globally. Out of those, nearly 9,875 were Software professionals and 618 people from sales and support team.
The Indian IT firm employed approximately 5,272 people during FY Q4 2015, making total count to 103,281. Nearly 72% of those were software professionals.
About Tech Mahindra Limited
Tech Mahindra Limited (NSE: TECHM) is an Indian multinational subsidiary of Mahindra Group, headquartered in Pune, Maharashtra. On 24 October 1986, Mahindra Group entered the telecom IT services space through Mahindra British Telecom (MBT) – a joint venture with British Telecom, UK.
In 2005, the company had began its first global development center outside India (in Melbourne).
In February 2006, MBT changed its name to Tech Mahindra Limited.
In April 2009, Tech Mahindra acquired 51% controlling stakes in Satyam Software Services for Rs 2,889 crore. Later, in June 2009, Satyam got rebranded as Mahindra Satyam. On March 21, 2012, Tech Mahindra announced its plan to merge with Mahindra Satyam. Later on June 24, 2013, Tech Mahindra and Mahindra Satyam merger completed to become India’s fifth largest software services company with a turnover of US$2.7 billion.
With $11.3 billion market cap, Tech Mahindra ranked #1543 in the list of Forbes Global 2000: World’s largest public companies.
As of March 2020, the Indian IT company has 964 global partners (including Fortune 500 companies), and over 130,839 employees across 90 countries.
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