The above graph represents the number of Tech Mahindra Software Professionals by quarter, starting from fiscal Q1 2005 to the recently completed quarter. Tech Mahindra’s total headcount declined nearly 1% QoQ to 130,839 people in FY Q3 2020. Interestingly, over 55.9% of those were software professionals. The Indian IT firm added approx 482 software experts during the three months ended December 31, 2019, making the total count to 73,079 people.
|Source||Tech Mahindra Limited|
|Note||Tech Mahindra financial year starts from April 1st|
One must note that as of FY Q4 2017, Tech Mahindra employed 82,403 software professionals from all around the world – the highest-ever till date. However, this figure declined to 78,996 people in the following quarter.
In FY Q1 2014, Tech Mahindra’s global headcount was 83,063 people. Out of those, 53,337 employees belong to the company’s IT team.
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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