The above graph represents the Tech Mahindra total expenses by quarter, starting from fiscal Q1 2012 to the recently completed quarter. The quarterly expenses of Tech Mahindra 13.1% YoY in FY Q3 2020, to an all-time high of Rs 85,311 million. The company reported nearly 7.3% QoQ growth in its total expenses during the quarter.
|Source||Tech Mahindra Limited|
|Note||Tech Mahindra financial year starts from April 1st|
Since fiscal 2012, the company has been spending approximately 80% of total quarterly revenue on employee benefits, selling, general and administrative, etc.
The fiscal Q4 2015 was the first time when the Indian IT firm spent over Rs 50 billion in its operating activities. The total expenses increased nearly 13% QoQ during the quarter ended March 31, 2015, to Rs 53,522.9 million.
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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