Tech Mahindra, the software services provider arm of Mahindra

& Mahindra, has acquired BPO company Hutchison Global Services

for $87.1 million (about Rs 482 crore).
Hutchison Global Services is a captive BPO services provider with
operations in Mumbai and Pune. It provides services to the clients of
Hutchison's mobile firm in the UK, Ireland and Australia, a statement
from the company said, adding the business has over 11,500
employees in India.
As part of the deal, the clients of Hutchison Global have committed to
procure services worth $845 million over a five-year period.
"This acquisition is in line with our growth plans and is a logical next
step in extending our relationship with Hutchison. We are committed
to this opportunity and excited about the possibilities this acquisition
opens up," said Vineet Nayyar, Executive Vice-Chairman, Tech
Mahindra.
Kotak Investment Banking was the financial advisor for Tech
Mahindra, while Hutchison was advised by Goldman Sachs.
"With this acquisition, we further strengthen our leadership position
in the telecom domain. Hutchison's focused service portfolio
combined with our domain knowledge, geographic spread and
execution excellence will help us become the undisputed leaders in
this space, and extend these services to other verticals and markets,"
said C.P. Gurnani, Managing Director, Tech Mahindra.
Shares of Tech Mahindra closed 1.28 per cent up on the Bombay
Stock Exchange at Rs 820.90.

Tech Mahindra is a global systems integrator, business transformation and consulting firm focused on
the communications industry. Started its life in the year of 1986 as Mahindra-British Telecom
Limited, for over two decades, Tech Mahindra has been the chosen transformation partner for
wireline, wireless and broadband operators in Europe, Asia-Pacific and North America. Majority
owned by Mahindra & Mahindra in partnership with British Telecommunications plc (BT). As a
leading provider of IT Solu... [More]

KEY FUNDAMENTALS
Market Cap (Rs cr)

49,247

EPS - TTM (Rs)

26.05

[*C]
P/E Ratio (x)

19.61

[*C]
Face Value (Rs)

Latest Dividend (%)

120.00

Latest Dividend Date

23 Jul 2015

Dividend Yield (%)

1.18

Book Value / Share (Rs)

127.09

[*C]
P/B Ratio (x)

4.02

[*C]
[*C] Consolidated

[*S] Standalone

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Today's picks- 6 July 2015
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More >>

STOCK STRENGTH
Today's Low/High
495.05

515.00

Week Low/High
491.20

520.00

Month Low/High
458.70

552.00

PEER GROUP
Company

Last

Change(%)

Infosys

1089.35

-0.86

Wipro

566.45

-3.73

HCL Technologies

954.30

-1.79

Tech Mahindra

510.90

2.12

Oracle Fin.Serv.

3865.00

-1.73

Mindtree

1269.30

-2.93

MphasiS

416.05

-2.03

RETURNS
BSE
NSE
Period

Tech Mahindra

Sensex

NIFTY

1 Week

1.72%

-1.23%

-1.03%

1 Month

-6.41%

1.38%

1.92%

3 Month

-12.48%

2.46%

2.60%

6 Month

-26.59%

-3.98%

-3.55%

1 Year

-6.20%

7.01%

8.82%

3 Year

184.96%

66.17%

66.17%

SHAREHOLDER VOTING RECOMMENDATION

Date

Advisory

10/02

IIAS

Report

More >>

FINANCIAL RESULTS
Particulars (Rs cr)
Net Sales

Mar 2015

Mar 2014

%Chg

6116.79

5058.11

20.93

Other Income

-65.29

-86.63

24.63

Total Income

6051.5

4971.48

21.72

Total Expenses

5188.31

3986.26

30.15

Operating Profit

863.19

985.22

-12.39

488.9

623.33

-21.57

480.39

233.47

Net Profit
Equity Capital

SHAREHOLDING PATTERN

4.00%11.64%5.84%5.05%37.81%0.37%35.29%
PromotersBanks/FIsFIIsInsuranceMutual FundsIndian PublicOther
As on Jun 2015

More >>

Announcements

Global Companies Join Hands to Empower the Citizens of Ontario with Clean Energy
24/07/2015
Circular resolution of Securities Allotment Committee
20/07/2015
Shareholding Pattern For June 30 2015
09/07/2015
BPM Software Vendor PNMsoft collaborates with Leading Indian IT Exporter Tech Mahindra to offer
supe
08/07/2015
Q1 results on July 27 2015
08/07/2015
More >>

RESEARCH REPORTS
Date

Broker

Action

27/05

Prabhudas Lilladher

Buy

640

26/02

Motilal Oswal

Buy

2765

26/02

Motilal Oswal

Buy

2765

30/01

Religare Institutional Research

Buy

2868

30/01

IDFC

Outperform

2869

More >>

COMPANY INFORMATION
CHAIRMAN :

Anand G Mahindra

EXECUTIVE VICE CHAIRMAN :

Vineet Nayyar

DIRECTOR :

Anupam Puri

DIRECTOR :

Bharat N Doshi

DIRECTOR :

M Damodaran

DIRECTOR :

Ravindra Kulkarni

DIRECTOR :

Ulhas N Yargop

MANAGING DIRECTOR :

C P Gurnani

DIRECTOR :

T N Manoharan

DIRECTOR :

M Rajyalakshmi

COMPANY SECRETARY :

G Jayaraman

AUDITOR:

Deloitte Haskins & Sells LLP

Price

Report

IND NAME:

Computers - Software - Large

HOUSE NAME:

Mahindra