Tech Mahindra
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Oct 6 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA EXPANDS AGENTIC AI READINESS WITH GOOGLE CLOUD GEMINI ENTERPRISE
Further company coverage: TEML.NS
(([email protected];))
Oct 6 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA EXPANDS AGENTIC AI READINESS WITH GOOGLE CLOUD GEMINI ENTERPRISE
Further company coverage: TEML.NS
(([email protected];))
Top six firms' revenue growth seen at 0.7% to 3.5% quarter-on-quarter, Jefferies says
Infosys could cut upper end of 1.5% to 3% annual revenue growth forecast to 2.5%, Kotak says
HCLTech, Tech Mahindra to do well, Wipro may lag
Organic growth seen weak despite acquisition, deal ramp-ups
Nifty IT drops 27% so far this year, lagging 13.4% Nifty fall
By Bharath Rajeswaran and Haripriya Suresh
Oct 1 (Reuters) - India's top IT companies are set to report another quarter of weak earnings and could trim their annual revenue growth forecasts, five brokerages said, as AI-driven pricing pressure and tepid spending by clients bite.
The rise of AI-based technology has battered the $315-billion information technology sector, especially vulnerable because of its reliance on billable hours, forcing companies to rejig business models and offer steep discounts. The sector has been among the market's worst performers over the past year.
"AI-led deflation has more legs to go and demand environment is not improving," Jefferies said in a note on Tuesday, citing additional pressure from higher oil prices and interest rates.
India's top IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on October 8, with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
IT companies typically post strong performance in the first two quarters of the fiscal year helped by higher billing days and project starts. However, first-quarter results were muted and expectations from the second are similarly subdued.
The industry, which employs nearly 6 million in the world's most populous country, is expected to report its weakest sequential performance in three years for the July-September quarter, according to Jefferies, with revenue growth projected at 0.7% to 3.5% quarter-on-quarter for the top six firms.
Year-on-year, analysts expect revenue to rise about 10% in rupee terms.
While acquisitions and deal ramp-ups could boost performance for some large companies, organic revenue growth is expected to be weak. The country's largest IT firms are projected to report lacklustre growth, after stripping out currency fluctuations.
The Nifty IT .NIFTYIT has dropped about 27% in 2026 so far, lagging the benchmark Nifty 50's .NSEI 13.4% drop.
With demand conditions largely unchanged since the last quarter, investors will focus on annual revenue growth forecasts.
Infosys is expected to trim the upper end of its 1.5% to 3% revenue growth forecast to 2.5%, analysts at Kotak said. Jefferies expects a sharper cut, to 0.5% to 2%.
Brokerages expect HCLTech HCLT.NS and Tech Mahindra TECHM.NS to lead among the larger companies, while Wipro WIPR.NS is likely to lag.
Margins may improve modestly as rupee depreciation offsets some pricing pressure, though foreign exchange hedging losses could weigh on profit at Tech Mahindra, Coforge COFO.NS and Hexaware HEXW.NS.
(Reporting by Bharath Rajeswaran and Haripriya Suresh in Bengaluru; Editing by Jochelle Mendonca)
(([email protected]; +91 9769003463;))
Top six firms' revenue growth seen at 0.7% to 3.5% quarter-on-quarter, Jefferies says
Infosys could cut upper end of 1.5% to 3% annual revenue growth forecast to 2.5%, Kotak says
HCLTech, Tech Mahindra to do well, Wipro may lag
Organic growth seen weak despite acquisition, deal ramp-ups
Nifty IT drops 27% so far this year, lagging 13.4% Nifty fall
By Bharath Rajeswaran and Haripriya Suresh
Oct 1 (Reuters) - India's top IT companies are set to report another quarter of weak earnings and could trim their annual revenue growth forecasts, five brokerages said, as AI-driven pricing pressure and tepid spending by clients bite.
The rise of AI-based technology has battered the $315-billion information technology sector, especially vulnerable because of its reliance on billable hours, forcing companies to rejig business models and offer steep discounts. The sector has been among the market's worst performers over the past year.
"AI-led deflation has more legs to go and demand environment is not improving," Jefferies said in a note on Tuesday, citing additional pressure from higher oil prices and interest rates.
India's top IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on October 8, with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
IT companies typically post strong performance in the first two quarters of the fiscal year helped by higher billing days and project starts. However, first-quarter results were muted and expectations from the second are similarly subdued.
The industry, which employs nearly 6 million in the world's most populous country, is expected to report its weakest sequential performance in three years for the July-September quarter, according to Jefferies, with revenue growth projected at 0.7% to 3.5% quarter-on-quarter for the top six firms.
Year-on-year, analysts expect revenue to rise about 10% in rupee terms.
While acquisitions and deal ramp-ups could boost performance for some large companies, organic revenue growth is expected to be weak. The country's largest IT firms are projected to report lacklustre growth, after stripping out currency fluctuations.
The Nifty IT .NIFTYIT has dropped about 27% in 2026 so far, lagging the benchmark Nifty 50's .NSEI 13.4% drop.
With demand conditions largely unchanged since the last quarter, investors will focus on annual revenue growth forecasts.
Infosys is expected to trim the upper end of its 1.5% to 3% revenue growth forecast to 2.5%, analysts at Kotak said. Jefferies expects a sharper cut, to 0.5% to 2%.
Brokerages expect HCLTech HCLT.NS and Tech Mahindra TECHM.NS to lead among the larger companies, while Wipro WIPR.NS is likely to lag.
Margins may improve modestly as rupee depreciation offsets some pricing pressure, though foreign exchange hedging losses could weigh on profit at Tech Mahindra, Coforge COFO.NS and Hexaware HEXW.NS.
(Reporting by Bharath Rajeswaran and Haripriya Suresh in Bengaluru; Editing by Jochelle Mendonca)
(([email protected]; +91 9769003463;))
Sept 30 (Reuters) - India's Tech Mahindra TEML.NS said on Wednesday it would consider issuing bonus shares on October 15.
The company did not disclose the quantum of the bonus share issue.
(Reporting by Mridula Kumar in Bengaluru; Editing by Janane Venkatraman)
Sept 30 (Reuters) - India's Tech Mahindra TEML.NS said on Wednesday it would consider issuing bonus shares on October 15.
The company did not disclose the quantum of the bonus share issue.
(Reporting by Mridula Kumar in Bengaluru; Editing by Janane Venkatraman)
Sept 22 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA - PARTNERS WITH COROVER.AI FOR INDIA-ORIGIN AI SOLUTIONS FOR GLOBAL MARKETS
TECH MAHINDRA - PARTNERSHIP FOR SOVEREIGN AI, ENTERPRISE AI, AGENTIC AI, DIGITAL PUBLIC INFRASTRUCTURE
Source text: ID:nPn28VHbka
Further company coverage: TEML.NS
Sept 22 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA - PARTNERS WITH COROVER.AI FOR INDIA-ORIGIN AI SOLUTIONS FOR GLOBAL MARKETS
TECH MAHINDRA - PARTNERSHIP FOR SOVEREIGN AI, ENTERPRISE AI, AGENTIC AI, DIGITAL PUBLIC INFRASTRUCTURE
Source text: ID:nPn28VHbka
Further company coverage: TEML.NS
- Tech Mahindra, a unit of Mahindra & Mahindra, launched its Zero Gravity Telco Architecture to speed AI-native transformation for telecom operators.
- Framework targets “Legacy Gravity,” aiming to shift business rules into a shared, governed layer to support autonomous AI operations.
- Introduced a Zero Gravity Index maturity diagnostic to gauge CSP readiness, set migration sequencing, and guide a layered target architecture.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.
- Tech Mahindra, a unit of Mahindra & Mahindra, launched its Zero Gravity Telco Architecture to speed AI-native transformation for telecom operators.
- Framework targets “Legacy Gravity,” aiming to shift business rules into a shared, governed layer to support autonomous AI operations.
- Introduced a Zero Gravity Index maturity diagnostic to gauge CSP readiness, set migration sequencing, and guide a layered target architecture.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.
Sept 3 (Reuters) - Tech Mahindra Limited TEML.NS:
LAUNCHES AWS AGENTIC PROCESS TRANSFORMATION COE TO REDEFINE AI-LED BUSINESS OPERATIONS
AWS APT COE TO DELIVER SCALABLE AI SOLUTIONS ACROSS INDUSTRIES
Further company coverage: TEML.NS
(([email protected];))
Sept 3 (Reuters) - Tech Mahindra Limited TEML.NS:
LAUNCHES AWS AGENTIC PROCESS TRANSFORMATION COE TO REDEFINE AI-LED BUSINESS OPERATIONS
AWS APT COE TO DELIVER SCALABLE AI SOLUTIONS ACROSS INDUSTRIES
Further company coverage: TEML.NS
(([email protected];))
- Rezolve Ai entered a global strategic alliance with Tech Mahindra to scale agentic commerce deployments across large enterprises.
- Partnership targets production-grade rollouts beyond pilots, enabling AI-led product discovery through to secure checkout and completed transactions.
- Rezolve Ai will supply its Brain Suite commerce intelligence and transaction layer; Tech Mahindra will handle consulting, integration, cloud, data, delivery.
- Alliance expands distribution via Tech Mahindra’s 1,100+ clients, 146,000+ staff, operations across 90 countries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rezolve Ai plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608280800PRIMZONEFULLFEED9817649) on August 28, 2026, and is solely responsible for the information contained therein.
- Rezolve Ai entered a global strategic alliance with Tech Mahindra to scale agentic commerce deployments across large enterprises.
- Partnership targets production-grade rollouts beyond pilots, enabling AI-led product discovery through to secure checkout and completed transactions.
- Rezolve Ai will supply its Brain Suite commerce intelligence and transaction layer; Tech Mahindra will handle consulting, integration, cloud, data, delivery.
- Alliance expands distribution via Tech Mahindra’s 1,100+ clients, 146,000+ staff, operations across 90 countries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rezolve Ai plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608280800PRIMZONEFULLFEED9817649) on August 28, 2026, and is solely responsible for the information contained therein.
Clients clamour for steep price cuts and more productivity in AI era
Outcome-based contracts increasingly popular over billable-hour model
Nimble mid-tier firms win business as AI levels playing field
Some firms said to be making irrational decisions to please clients
By Sai Ishwarbharath B, Abhirami G and Haripriya Suresh
BENGALURU, August 21 (Reuters) - Artificial intelligence promised to disrupt India's IT industry and it is delivering.
Outsourcing giants like Tata Consultancy Services TCS.NS, Infosys INFY.NS, Wipro WIPR.NS, HCLTech HCLT.NS and Cognizant CTSH.O are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as clients demand steep price cuts and more productivity.
Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.
And where once the big IT companies won contracts because they could point to their huge employee base, that has become less and less of an advantage as AI automates more and more tasks — levelling the playing field for smaller rivals which have jumped at opportunities to snatch business.
"It's a desperate market for the service providers. The odds are very much in favour of clients," said Jimit Arora, CEO of research and advisory firm Everest Group.
Software companies globally have been battered by worries that AI will render key parts of their business obsolete, but India's IT industry — worth $315 billion in annual revenue — is the most obvious victim with its traditional reliance on billable hours.
The Nifty IT index .NIFTYIT has tumbled by a fifth this year, with its 10 constituents losing a combined $73 billion in market value.
CONTRACTS SHIFT TO MEASURABLE OUTCOMES
These days, pricing for contracts is more likely to be dictated by performance outcomes.
TCS Chief Executive K Krithivasan told Reuters that about 80% of the company's contracts within its finance, human resources and other business services segment are now based on outcome performance measures.
That number represents a doubling since AI went mainstream in late 2023, said a person with knowledge of the matter, who was not authorised to speak to media and declined to be identified. TCS did not respond to a request for comment.
Other examples in the industry include an AI and automation deal Cognizant CTSH.O struck with Daimler Truck DTGGe.DE in February. It stipulated AI-related cost savings would be split between the vendor and the client, according to people familiar with the terms.
"With AI, the fundamentals are shifting," Cognizant said in a statement to Reuters, though it declined to comment on specific contracts. "Clients now expect more value and measurable outcomes, and we are re-forging our model for that reality."
Daimler Truck did not respond to a request for comment.
A separate multiyear cloud management deal forged in June 2025 was structured so HCLTech will not be paid by German utility E.ON EONGn.DE for the first year, with payments from the second year tied to efficiency gains and specific business outcomes, according to two people familiar with the agreement.
E.ON declined to comment, while HCLTech did not respond to a request for comment.
CLIENTS WANT MORE BANG FOR THEIR BUCK
As AI drives productivity gains, clients have become increasingly vocal about getting more for less.
Persistent Systems PERS.NS CEO Sandeep Kalra told Reuters that the IT provider's clients were demanding the same work for 25% to 30% less while expecting faster delivery and higher productivity.
But on the plus side, AI is helping Persistent win larger deals than it would have previously.
"The demarcation of a scale player only by revenue is not necessarily a big thing today," he said.
IT executives and analysts alike say competition from mid-sized firms has become brutally fierce.
Many customers now want rapid development of pilot programmes and smaller firms are winning mandates by deploying senior leaders quickly and offering flexible pricing, says Phil Fersht, CEO and chief analyst at HFS Research.
"Many Tier 2 firms have been more agile and hungry in this phase," he said.
Both Persistent and Coforge COFO.NS, another mid-sized IT services provider, have seen revenue in dollar terms grow by double digits for at least eight quarters in a row. In April-June, revenue for Persistent surged 16%, while Coforge's sales jumped by a third.
In contrast, TCS, Infosys, Wipro and HCLTech had subdued growth of 1% to 3%.
IRRATIONAL EXUBERANCE?
As pressure from clients grows, some firms are making rash decisions, says Tech Mahindra TEML.NS CEO Mohit Joshi.
Some rivals are factoring in productivity gains of 70% to 80% over five to seven years and guaranteeing prices despite rising chip costs, Joshi told an analysts' call last month, adding that his company had chosen not to take such risks.
"Clearly, there is a ton of competition out there, and our competition at times is doing irrational things," he said.
Infosys last month also told analysts it had walked away from contracts that were no longer economically viable.
TCS's Krithivasan said that so far the company has been able to offset AI-related downward pressure on revenue with new work.
"But how fast and how much more we are able to go ahead of the (revenue) deflation will determine the growth going forward," he added.
TCS is also boosting its numbers of engineers who embed with clients to accelerate AI adoption and is hunting for AI acquisitions.
It is thus far the only Indian IT services provider to have announced mass layoffs in the AI era, implementing cuts of more than 12,000 last year. But companies have flagged that their traditional role as huge hirers of new recruits may be winding down.
The country's IT giants will no longer need large ranks of entry-level engineers, according to former Infosys CFO V. Balakrishnan.
"The pyramid model is gone. With coding agents, we no longer need basic coding," he said.
(Reporting by Sai Ishwarbharath B, Abhirami G and Haripriya Suresh in Bengaluru; Editing by Dhanya Skariachan and Edwina Gibbs)
Clients clamour for steep price cuts and more productivity in AI era
Outcome-based contracts increasingly popular over billable-hour model
Nimble mid-tier firms win business as AI levels playing field
Some firms said to be making irrational decisions to please clients
By Sai Ishwarbharath B, Abhirami G and Haripriya Suresh
BENGALURU, August 21 (Reuters) - Artificial intelligence promised to disrupt India's IT industry and it is delivering.
Outsourcing giants like Tata Consultancy Services TCS.NS, Infosys INFY.NS, Wipro WIPR.NS, HCLTech HCLT.NS and Cognizant CTSH.O are rejigging business models, increasingly tying fees to performance outcomes instead of hours worked, as clients demand steep price cuts and more productivity.
Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.
And where once the big IT companies won contracts because they could point to their huge employee base, that has become less and less of an advantage as AI automates more and more tasks — levelling the playing field for smaller rivals which have jumped at opportunities to snatch business.
"It's a desperate market for the service providers. The odds are very much in favour of clients," said Jimit Arora, CEO of research and advisory firm Everest Group.
Software companies globally have been battered by worries that AI will render key parts of their business obsolete, but India's IT industry — worth $315 billion in annual revenue — is the most obvious victim with its traditional reliance on billable hours.
The Nifty IT index .NIFTYIT has tumbled by a fifth this year, with its 10 constituents losing a combined $73 billion in market value.
CONTRACTS SHIFT TO MEASURABLE OUTCOMES
These days, pricing for contracts is more likely to be dictated by performance outcomes.
TCS Chief Executive K Krithivasan told Reuters that about 80% of the company's contracts within its finance, human resources and other business services segment are now based on outcome performance measures.
That number represents a doubling since AI went mainstream in late 2023, said a person with knowledge of the matter, who was not authorised to speak to media and declined to be identified. TCS did not respond to a request for comment.
Other examples in the industry include an AI and automation deal Cognizant CTSH.O struck with Daimler Truck DTGGe.DE in February. It stipulated AI-related cost savings would be split between the vendor and the client, according to people familiar with the terms.
"With AI, the fundamentals are shifting," Cognizant said in a statement to Reuters, though it declined to comment on specific contracts. "Clients now expect more value and measurable outcomes, and we are re-forging our model for that reality."
Daimler Truck did not respond to a request for comment.
A separate multiyear cloud management deal forged in June 2025 was structured so HCLTech will not be paid by German utility E.ON EONGn.DE for the first year, with payments from the second year tied to efficiency gains and specific business outcomes, according to two people familiar with the agreement.
E.ON declined to comment, while HCLTech did not respond to a request for comment.
CLIENTS WANT MORE BANG FOR THEIR BUCK
As AI drives productivity gains, clients have become increasingly vocal about getting more for less.
Persistent Systems PERS.NS CEO Sandeep Kalra told Reuters that the IT provider's clients were demanding the same work for 25% to 30% less while expecting faster delivery and higher productivity.
But on the plus side, AI is helping Persistent win larger deals than it would have previously.
"The demarcation of a scale player only by revenue is not necessarily a big thing today," he said.
IT executives and analysts alike say competition from mid-sized firms has become brutally fierce.
Many customers now want rapid development of pilot programmes and smaller firms are winning mandates by deploying senior leaders quickly and offering flexible pricing, says Phil Fersht, CEO and chief analyst at HFS Research.
"Many Tier 2 firms have been more agile and hungry in this phase," he said.
Both Persistent and Coforge COFO.NS, another mid-sized IT services provider, have seen revenue in dollar terms grow by double digits for at least eight quarters in a row. In April-June, revenue for Persistent surged 16%, while Coforge's sales jumped by a third.
In contrast, TCS, Infosys, Wipro and HCLTech had subdued growth of 1% to 3%.
IRRATIONAL EXUBERANCE?
As pressure from clients grows, some firms are making rash decisions, says Tech Mahindra TEML.NS CEO Mohit Joshi.
Some rivals are factoring in productivity gains of 70% to 80% over five to seven years and guaranteeing prices despite rising chip costs, Joshi told an analysts' call last month, adding that his company had chosen not to take such risks.
"Clearly, there is a ton of competition out there, and our competition at times is doing irrational things," he said.
Infosys last month also told analysts it had walked away from contracts that were no longer economically viable.
TCS's Krithivasan said that so far the company has been able to offset AI-related downward pressure on revenue with new work.
"But how fast and how much more we are able to go ahead of the (revenue) deflation will determine the growth going forward," he added.
TCS is also boosting its numbers of engineers who embed with clients to accelerate AI adoption and is hunting for AI acquisitions.
It is thus far the only Indian IT services provider to have announced mass layoffs in the AI era, implementing cuts of more than 12,000 last year. But companies have flagged that their traditional role as huge hirers of new recruits may be winding down.
The country's IT giants will no longer need large ranks of entry-level engineers, according to former Infosys CFO V. Balakrishnan.
"The pyramid model is gone. With coding agents, we no longer need basic coding," he said.
(Reporting by Sai Ishwarbharath B, Abhirami G and Haripriya Suresh in Bengaluru; Editing by Dhanya Skariachan and Edwina Gibbs)
By KaranPrashant Saxena
BENGALURU, Aug 17 (Reuters) - Former Spain footballer Gerard Pique has become a strategic shareholder in a Global Chess League franchise, joining a growing number of athletes, like Erling Haaland, to invest in a sport rapidly evolving into a commercial entertainment property.
Pique, a World Cup winner and founder of sports and media company Kosmos, was announced as the latest shareholder in franchise Fyers American Gambits at a press conference in Bengaluru, India on Monday.
"Chess has fascinated me for a long time because of its depth, its global appeal and the incredible mental strength it demands," the former Barcelona player said in a statement.
The investment comes amid a broader push to transform chess from a traditional board game into a global sports product through franchise leagues, digital content, sponsorships and streaming platforms.
Former India cricketer Ravichandran Ashwin is a shareholder in the American Gambits.
Norway's multiple Olympic cross-country skiing champion Johannes Hoesflot Klaebo and Haaland also invested this year in Norway Chess and the Total Chess World Championship, which is backed by the International Chess Federation (FIDE).
"There are so many interesting parallels," Norwegian investor Morten Borge, who helped bring Manchester City striker Haaland into the project, told Reuters.
"Even though on the pitch Erling looks like a physical monster, football at the highest level is also about preparation, strategy, timing and understanding decisive moments. In that sense, there are similarities to chess."
Borge said Haaland was drawn to the game's emphasis on strategic thinking and the mental discipline required to perform under pressure.
The crossover reflects a wider trend in sport, where athletes increasingly use chess to sharpen concentration, decision-making and pattern recognition.
Former Manchester City manager Pep Guardiola has frequently referenced chess and strategy in discussions about football.
Several athletes across sports have publicly spoken about using the game as a training tool, including former Liverpool forward Mohamed Salah and tennis greats Boris Becker and Novak Djokovic.
At the same time, investors increasingly see commercial opportunities in chess.
The Global Chess League, backed by Indian technology giants Tech Mahindra and FIDE, has sought to broaden the sport's appeal through shorter formats designed for television and digital audiences.
Borge believes chess is following a path taken by several niche sports that successfully expanded beyond their traditional fan bases.
"When you can commercialize a narrow sport like darts, and when almost a billion people around the world play chess, the opportunity is obvious," he said.
American Gambits will compete at the fourth edition of GCL in Bengaluru in September.
(Reporting by Karan Prashant Saxena in Bengaluru
Editing by Christian Radnedge)
By KaranPrashant Saxena
BENGALURU, Aug 17 (Reuters) - Former Spain footballer Gerard Pique has become a strategic shareholder in a Global Chess League franchise, joining a growing number of athletes, like Erling Haaland, to invest in a sport rapidly evolving into a commercial entertainment property.
Pique, a World Cup winner and founder of sports and media company Kosmos, was announced as the latest shareholder in franchise Fyers American Gambits at a press conference in Bengaluru, India on Monday.
"Chess has fascinated me for a long time because of its depth, its global appeal and the incredible mental strength it demands," the former Barcelona player said in a statement.
The investment comes amid a broader push to transform chess from a traditional board game into a global sports product through franchise leagues, digital content, sponsorships and streaming platforms.
Former India cricketer Ravichandran Ashwin is a shareholder in the American Gambits.
Norway's multiple Olympic cross-country skiing champion Johannes Hoesflot Klaebo and Haaland also invested this year in Norway Chess and the Total Chess World Championship, which is backed by the International Chess Federation (FIDE).
"There are so many interesting parallels," Norwegian investor Morten Borge, who helped bring Manchester City striker Haaland into the project, told Reuters.
"Even though on the pitch Erling looks like a physical monster, football at the highest level is also about preparation, strategy, timing and understanding decisive moments. In that sense, there are similarities to chess."
Borge said Haaland was drawn to the game's emphasis on strategic thinking and the mental discipline required to perform under pressure.
The crossover reflects a wider trend in sport, where athletes increasingly use chess to sharpen concentration, decision-making and pattern recognition.
Former Manchester City manager Pep Guardiola has frequently referenced chess and strategy in discussions about football.
Several athletes across sports have publicly spoken about using the game as a training tool, including former Liverpool forward Mohamed Salah and tennis greats Boris Becker and Novak Djokovic.
At the same time, investors increasingly see commercial opportunities in chess.
The Global Chess League, backed by Indian technology giants Tech Mahindra and FIDE, has sought to broaden the sport's appeal through shorter formats designed for television and digital audiences.
Borge believes chess is following a path taken by several niche sports that successfully expanded beyond their traditional fan bases.
"When you can commercialize a narrow sport like darts, and when almost a billion people around the world play chess, the opportunity is obvious," he said.
American Gambits will compete at the fourth edition of GCL in Bengaluru in September.
(Reporting by Karan Prashant Saxena in Bengaluru
Editing by Christian Radnedge)
Aug 6 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA LAUNCHES TORONTO INNOVATION HUB TO ACCELERATE AI-LED ENTERPRISE TRANSFORMATION IN CANADA
Source text: ID:nCNW9hZwra
Further company coverage: TEML.NS
(([email protected];;))
Aug 6 (Reuters) - Tech Mahindra Limited TEML.NS:
TECH MAHINDRA LAUNCHES TORONTO INNOVATION HUB TO ACCELERATE AI-LED ENTERPRISE TRANSFORMATION IN CANADA
Source text: ID:nCNW9hZwra
Further company coverage: TEML.NS
(([email protected];;))
July 16 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA Q1 CONSOL NET PROFIT 14.65 BILLION RUPEES; IBES EST. 15.63 BILLION RUPEES
TECH MAHINDRA Q1 CONSOL REV FROM OPS 157.12 BLN RUPEES; IBES EST. 154.76 BLN RUPEES
TECH MAHINDRA Q1 NEW DEAL WINS $1,078 MLN
Further company coverage: TEML.NS
(([email protected];;))
July 16 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA Q1 CONSOL NET PROFIT 14.65 BILLION RUPEES; IBES EST. 15.63 BILLION RUPEES
TECH MAHINDRA Q1 CONSOL REV FROM OPS 157.12 BLN RUPEES; IBES EST. 154.76 BLN RUPEES
TECH MAHINDRA Q1 NEW DEAL WINS $1,078 MLN
Further company coverage: TEML.NS
(([email protected];;))
- A Pininfarina shareholder meeting was held on June 10, 2026.
- Shareholders adopted the 2025 annual financial statements.
- The 2025 net loss of EUR 14,024,303 was carried forward; the resolution sets the accounting treatment, not a cash distribution.
- The update of board compensation was not put to a vote, since no shareholder proposal was submitted.
- Shareholders authorized an additional EUR 15,000 fee for Deloitte & Touche for extra work on the reporting package; execution requires follow-on actions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 158762.pdf), on July 08, 2026, and is solely responsible for the information contained therein.
- A Pininfarina shareholder meeting was held on June 10, 2026.
- Shareholders adopted the 2025 annual financial statements.
- The 2025 net loss of EUR 14,024,303 was carried forward; the resolution sets the accounting treatment, not a cash distribution.
- The update of board compensation was not put to a vote, since no shareholder proposal was submitted.
- Shareholders authorized an additional EUR 15,000 fee for Deloitte & Touche for extra work on the reporting package; execution requires follow-on actions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 158762.pdf), on July 08, 2026, and is solely responsible for the information contained therein.
Nifty IT index down 28.4% in 2026, trailing a 6.6% drop in Nifty 50
Rupee weakness to mask underlying softness in revenue and profit growth
TCS kicks off earnings on July 9
Brokerages say Infosys and HCLTech could trim upper end of annual revenue forecasts
AI adoption pressures pricing, speeds software development cycles
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, July 6 (Reuters) - India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.
The April-to-June quarter is usually a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a slow start to the fiscal year that would push back hopes of a recovery.
India's largest IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on Thursday with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
While India's top six IT firms are expected to report around 14% year-on-year revenue growth in rupee terms with net profit rising 12%-13%, this would largely be due to the impact of sharp rupee depreciation. Stripping out exchange rate effects, the companies are expected to post a mere 2.8% revenue growth in constant-currency terms.
Citi expects a fourth straight year of subdued growth for Indian IT firms, while JPMorgan sees revenue growth staying below 3%-4% for the "foreseeable future".
The IT sector is racing to adapt to changing customer needs as companies across the globe step up the use of AI tools and agents to cut costs and quicken software development cycles.
Software firms have slowed hiring, with TCS Chairman N Chandrasekaran saying the "day is not far" when the company would have an equal number of AI agents and employees.
Indian IT firms are in a "perfect storm," Nomura said in its earnings preview, with Middle East conflict-led uncertainty compounding AI-driven pricing pressure.
Fears that AI would disrupt the IT sector's traditional, labour-intensive business model dragged the Nifty IT index .NIFTYIT down 9.5% in the June quarter even as India's benchmark Nifty 50 .NSEI gained 6.9%.
The IT index has slumped about 28% so far in 2026, making it the worst-performing major sector in India.
The impact of AI-led disruption and weakness in client spending will be broad-based, according to PL Capital, with effects visible in the consumer, hi-tech, and telecom verticals.
"Slower decision-making and elongated sales cycle are leading to delays in revenue conversion and execution," the brokerage said in a note.
Annual revenue forecasts will be a key focus for investors. Brokerages say Infosys and HCLTech could narrow or trim the upper end of their forecasts.
Potentially higher interest rates in the U.S., which makes up about 60% of Indian IT firms' revenue, also loom.
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
Nifty IT index down 28.4% in 2026, trailing a 6.6% drop in Nifty 50
Rupee weakness to mask underlying softness in revenue and profit growth
TCS kicks off earnings on July 9
Brokerages say Infosys and HCLTech could trim upper end of annual revenue forecasts
AI adoption pressures pricing, speeds software development cycles
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, July 6 (Reuters) - India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.
The April-to-June quarter is usually a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a slow start to the fiscal year that would push back hopes of a recovery.
India's largest IT services company, Tata Consultancy Services TCS.NS, kicks off earnings on Thursday with peers Infosys INFY.NS, HCLTech HCLT.NS and Wipro WIPR.NS reporting later this month.
While India's top six IT firms are expected to report around 14% year-on-year revenue growth in rupee terms with net profit rising 12%-13%, this would largely be due to the impact of sharp rupee depreciation. Stripping out exchange rate effects, the companies are expected to post a mere 2.8% revenue growth in constant-currency terms.
Citi expects a fourth straight year of subdued growth for Indian IT firms, while JPMorgan sees revenue growth staying below 3%-4% for the "foreseeable future".
The IT sector is racing to adapt to changing customer needs as companies across the globe step up the use of AI tools and agents to cut costs and quicken software development cycles.
Software firms have slowed hiring, with TCS Chairman N Chandrasekaran saying the "day is not far" when the company would have an equal number of AI agents and employees.
Indian IT firms are in a "perfect storm," Nomura said in its earnings preview, with Middle East conflict-led uncertainty compounding AI-driven pricing pressure.
Fears that AI would disrupt the IT sector's traditional, labour-intensive business model dragged the Nifty IT index .NIFTYIT down 9.5% in the June quarter even as India's benchmark Nifty 50 .NSEI gained 6.9%.
The IT index has slumped about 28% so far in 2026, making it the worst-performing major sector in India.
The impact of AI-led disruption and weakness in client spending will be broad-based, according to PL Capital, with effects visible in the consumer, hi-tech, and telecom verticals.
"Slower decision-making and elongated sales cycle are leading to delays in revenue conversion and execution," the brokerage said in a note.
Annual revenue forecasts will be a key focus for investors. Brokerages say Infosys and HCLTech could narrow or trim the upper end of their forecasts.
Potentially higher interest rates in the U.S., which makes up about 60% of Indian IT firms' revenue, also loom.
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
- Tech Mahindra partnered with Microsoft to showcase an AI-driven 5G network digital twin aimed at telecom network modernization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein.
- Tech Mahindra partnered with Microsoft to showcase an AI-driven 5G network digital twin aimed at telecom network modernization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein.
June 29 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - LIQUIDATES UNIT LEADCOM INTEGRATED SOLUTIONS MYANMAR EFFECTIVE 29 JUNE 2026
Source text: ID:nBSEX9qBD
Further company coverage: TEML.NS
(([email protected];))
June 29 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - LIQUIDATES UNIT LEADCOM INTEGRATED SOLUTIONS MYANMAR EFFECTIVE 29 JUNE 2026
Source text: ID:nBSEX9qBD
Further company coverage: TEML.NS
(([email protected];))
June 23 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - STEP-DOWN SUBSIDIARY HCI GROUP AUSTRALIA LIQUIDATED EFFECTIVE MAY 27, 2026
Source text: [ID:]
Further company coverage: TEML.NS
(([email protected];))
June 23 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - STEP-DOWN SUBSIDIARY HCI GROUP AUSTRALIA LIQUIDATED EFFECTIVE MAY 27, 2026
Source text: [ID:]
Further company coverage: TEML.NS
(([email protected];))
June 18 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA AND VIAM PARTNER TO SCALE ADVANCED ROBOTICS AND AUTOMATION SOLUTIONS
Source text: ID:nPn7FNtSJa
Further company coverage: TEML.NS
(([email protected];))
June 18 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA AND VIAM PARTNER TO SCALE ADVANCED ROBOTICS AND AUTOMATION SOLUTIONS
Source text: ID:nPn7FNtSJa
Further company coverage: TEML.NS
(([email protected];))
- Pininfarina held its annual shareholder meeting on June 10, 2026, signing off on its 2025 financial statements.
- Shareholders adopted a profit allocation that excludes any dividend distribution.
- The meeting ratified Paolo Dellachà’s appointment as director, keeping him in office through the shareholder meeting to approve the 2026 accounts.
- Shareholders cleared an increase in fees for auditor Deloitte & Touche tied to an expanded audit engagement for 2025.
- Separately, the board confirmed Dellachà as chief executive, granting management powers under the company’s existing governance framework.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0205-12-2026_TELEBORSA.pdf), on June 10, 2026, and is solely responsible for the information contained therein.
- Pininfarina held its annual shareholder meeting on June 10, 2026, signing off on its 2025 financial statements.
- Shareholders adopted a profit allocation that excludes any dividend distribution.
- The meeting ratified Paolo Dellachà’s appointment as director, keeping him in office through the shareholder meeting to approve the 2026 accounts.
- Shareholders cleared an increase in fees for auditor Deloitte & Touche tied to an expanded audit engagement for 2025.
- Separately, the board confirmed Dellachà as chief executive, granting management powers under the company’s existing governance framework.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0205-12-2026_TELEBORSA.pdf), on June 10, 2026, and is solely responsible for the information contained therein.
- Pininfarina appointed Gaurav Godbole as group CFO, reporting to CEO Paolo Dellachà, effective today.
- Godbole previously worked at Tech Mahindra in global finance roles across India, Belgium, the Netherlands.
- His experience spans financial planning, controllership, commercial finance in IT, network services.
- Roberta Miniotti remains SVP global finance, retaining her role as executive in charge of financial reporting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0205-11-2026_TELEBORSA.pdf), on June 03, 2026, and is solely responsible for the information contained therein.
- Pininfarina appointed Gaurav Godbole as group CFO, reporting to CEO Paolo Dellachà, effective today.
- Godbole previously worked at Tech Mahindra in global finance roles across India, Belgium, the Netherlands.
- His experience spans financial planning, controllership, commercial finance in IT, network services.
- Roberta Miniotti remains SVP global finance, retaining her role as executive in charge of financial reporting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pininfarina S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0205-11-2026_TELEBORSA.pdf), on June 03, 2026, and is solely responsible for the information contained therein.
June 2 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA AND STACKGEN ANNOUNCE PARTNERSHIP TO POWER AGENTIC AI FOR ENTERPRISE CLOUD
Source text: ID:nPreRQHqla
Further company coverage: TEML.NS
(((([email protected];));))
June 2 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA AND STACKGEN ANNOUNCE PARTNERSHIP TO POWER AGENTIC AI FOR ENTERPRISE CLOUD
Source text: ID:nPreRQHqla
Further company coverage: TEML.NS
(((([email protected];));))
- Tech Mahindra entered partnership with UKG to accelerate adoption of AI-driven workforce management for global enterprises, with initial focus on small and mid-market customers in North America.
- Tech Mahindra will deploy UKG Workforce Operating Platform for its own employees, while expanding its UKG services practice.
- Arrangement positions Tech Mahindra to implement, integrate, support platform deployments, targeting productivity gains, operational efficiency, payroll integrity, talent mobility.
- Companies cited nearly decade-long existing relationship, with expanded scope aimed at scaling delivery across Tech Mahindra’s footprint in 90+ countries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UKG Inc. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.
- Tech Mahindra entered partnership with UKG to accelerate adoption of AI-driven workforce management for global enterprises, with initial focus on small and mid-market customers in North America.
- Tech Mahindra will deploy UKG Workforce Operating Platform for its own employees, while expanding its UKG services practice.
- Arrangement positions Tech Mahindra to implement, integrate, support platform deployments, targeting productivity gains, operational efficiency, payroll integrity, talent mobility.
- Companies cited nearly decade-long existing relationship, with expanded scope aimed at scaling delivery across Tech Mahindra’s footprint in 90+ countries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UKG Inc. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.
** Brokerage CLSA lifts TP on Tech Mahindra's TEML.NS shares to 1,598 rupees from 1,556 rupees, representing a 12.5% upside to the stock's last close
** Tech Mahindra on Thursday posts Q4 revenue above estimates; says it is confident of delivering growth in 2027
** Brokerage says the beat was driven by strong growth in telecom and tech verticals and financial services, along with several large client wins and high-value accounts added over the past two years
** Adds that a strong order book, higher revenue per employee and EBIT margins show little sign of AI-led pricing pressure at TEML, which it says is executing well under its current CEO
** Tech Mahindra shares were down 4.5% to 1,357 rupees in afternoon trading, they have fallen 14.7% so far in 2026
(Reporting by Abhinav Parmar)
(([email protected];))
** Brokerage CLSA lifts TP on Tech Mahindra's TEML.NS shares to 1,598 rupees from 1,556 rupees, representing a 12.5% upside to the stock's last close
** Tech Mahindra on Thursday posts Q4 revenue above estimates; says it is confident of delivering growth in 2027
** Brokerage says the beat was driven by strong growth in telecom and tech verticals and financial services, along with several large client wins and high-value accounts added over the past two years
** Adds that a strong order book, higher revenue per employee and EBIT margins show little sign of AI-led pricing pressure at TEML, which it says is executing well under its current CEO
** Tech Mahindra shares were down 4.5% to 1,357 rupees in afternoon trading, they have fallen 14.7% so far in 2026
(Reporting by Abhinav Parmar)
(([email protected];))
April 22 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA EXEC: GROWTH IN EUROPE CAME FROM AEROSPACE, INDUSTRIAL MANUFACTURING AND AUTOS
TECH MAHINDRA EXEC: COMMUNICATION VERTICAL GREW IN AMERICA, HELPED OFFSET SOFTNESS IN U.S AUTO SECTOR
TECH MAHINDRA EXEC: NOT SEEING ANY MEANINGFUL NEGATIVE IMPACT DUE TO MIDDLE EAST SITUATION SO FAR, ONLY TRAVEL IMPACTED
TECH MAHINDRA EXEC: LOOKING AT COUPLE OF TUCK-IN ACQUISITIONS OVER NEXT YEAR, BUT WON'T BE NEEDLE MOVING
Further company coverage: TEML.NS
(([email protected];))
April 22 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA EXEC: GROWTH IN EUROPE CAME FROM AEROSPACE, INDUSTRIAL MANUFACTURING AND AUTOS
TECH MAHINDRA EXEC: COMMUNICATION VERTICAL GREW IN AMERICA, HELPED OFFSET SOFTNESS IN U.S AUTO SECTOR
TECH MAHINDRA EXEC: NOT SEEING ANY MEANINGFUL NEGATIVE IMPACT DUE TO MIDDLE EAST SITUATION SO FAR, ONLY TRAVEL IMPACTED
TECH MAHINDRA EXEC: LOOKING AT COUPLE OF TUCK-IN ACQUISITIONS OVER NEXT YEAR, BUT WON'T BE NEEDLE MOVING
Further company coverage: TEML.NS
(([email protected];))
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.
Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added.
Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS and other software services exporters are due to report fourth quarter results starting April 9.
"We expect limited deal win surprises, patchy ex-BFSI growth and slow start to (the first half of 2027) on macro/gen AI uncertainty," Ambit Capital analysts said in a preview note.
The Indian rupee fell 4% against the U.S. dollar during the March quarter, and slid to record low levels.
Software services companies typically benefit as they bill in foreign currencies while incurring most costs in rupees, inflating profits when dollar revenues are converted.
The $315 billion sector, employing about 5.9 million people, last reported double-digit revenue growth in the March 2023 quarter. Since then, demand has softened as clients cut discretionary spending, deal cycles lengthened, and spending shifted towards cost optimisation and AI-led projects.
Infosys and HCLTech are likely to provide annual revenue forecasts of a rise between 2%-4% and 4%-6% respectively for the fiscal year 2027, the brokerages said.
Revenue for the top six firms -- TCS, Infosys, HCLTech, Wipro WIPR.NS, Tech Mahindra TEML.NS, and LTM LTIM.NS -- is expected to grow about 10.9% year-on-year in the March quarter, with net profit rising 10.3%.
On a constant currency basis, or stripping out exchange-rate effects, the top four IT firms are more likely to see revenue rise only 1.8% for the year, Ambit said.
Analysts at Yes Securities said performance was likely to be uneven, with relative resilience in banking and financial services, while retail, healthcare, and hi-tech segments could face pressure due to higher exposure to discretionary spending.
"Our recent interactions suggest that overall client budgets have not increased materially and discretionary spending remains at bay," analysts at Jefferies said in a preview note.
However, even a modest revenue forecast could support stock prices, HSBC analysts said, noting valuations currently reflect only low-single-digit growth.
While the fears around the impact due to AI are "difficult to validate or falsify, the burden of proof now sits with IT companies. Re-rating, thus, depends on proof of surviving and thriving," said analysts at Motilal Oswal.
Shares of IT companies .NIFTYIT are down 20% so far this year, on investor worries that advanced AI tools launched by Anthropic and Palantir could disrupt IT's traditional business models and cannibalise business. The Nifty 50 .NSEI is down 13%.
Depreciation of the Indian rupee against major currencies in Q4FY2026 https://www.reuters.com/graphics/RUPEE-MARCH2026APR42026/MARCH2026APR42026-RUPEE/egvbejxynpq/chart.png
Brokerages' March quarter profit growth expectations for Indian IT firms https://www.reuters.com/graphics/ADJPROF-MQAPR22026IT/MQAPR22026IT-ADJPROF/jnpwrjabxvw/chart.png
Brokerages' March quarter revenue growth expectations for Indian IT firms https://www.reuters.com/graphics/BROKERREVENUE-MARCHITAPR22026/MARCHITAPR22026-BROKERREVENUE/mypmybajzpr/chart.png
India's IT stocks lagged benchmark Nifty 50 in the March quarter https://www.reuters.com/graphics/ITSTOCKSLAG-APRIL22026/APRIL22026-ITSTOCKSLAG/zdvxgqxjopx/chart.png
Brokerages Q4 View: What to expect from top Indian IT firms https://www.reuters.com/graphics/WHATBROKITEXP-APR22026/APR22026-WHATBROKITEXP/dwpkykzlmpm/chart.png
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.
Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added.
Tata Consultancy Services TCS.NS, Infosys INFY.NS, HCLTech HCLT.NS and other software services exporters are due to report fourth quarter results starting April 9.
"We expect limited deal win surprises, patchy ex-BFSI growth and slow start to (the first half of 2027) on macro/gen AI uncertainty," Ambit Capital analysts said in a preview note.
The Indian rupee fell 4% against the U.S. dollar during the March quarter, and slid to record low levels.
Software services companies typically benefit as they bill in foreign currencies while incurring most costs in rupees, inflating profits when dollar revenues are converted.
The $315 billion sector, employing about 5.9 million people, last reported double-digit revenue growth in the March 2023 quarter. Since then, demand has softened as clients cut discretionary spending, deal cycles lengthened, and spending shifted towards cost optimisation and AI-led projects.
Infosys and HCLTech are likely to provide annual revenue forecasts of a rise between 2%-4% and 4%-6% respectively for the fiscal year 2027, the brokerages said.
Revenue for the top six firms -- TCS, Infosys, HCLTech, Wipro WIPR.NS, Tech Mahindra TEML.NS, and LTM LTIM.NS -- is expected to grow about 10.9% year-on-year in the March quarter, with net profit rising 10.3%.
On a constant currency basis, or stripping out exchange-rate effects, the top four IT firms are more likely to see revenue rise only 1.8% for the year, Ambit said.
Analysts at Yes Securities said performance was likely to be uneven, with relative resilience in banking and financial services, while retail, healthcare, and hi-tech segments could face pressure due to higher exposure to discretionary spending.
"Our recent interactions suggest that overall client budgets have not increased materially and discretionary spending remains at bay," analysts at Jefferies said in a preview note.
However, even a modest revenue forecast could support stock prices, HSBC analysts said, noting valuations currently reflect only low-single-digit growth.
While the fears around the impact due to AI are "difficult to validate or falsify, the burden of proof now sits with IT companies. Re-rating, thus, depends on proof of surviving and thriving," said analysts at Motilal Oswal.
Shares of IT companies .NIFTYIT are down 20% so far this year, on investor worries that advanced AI tools launched by Anthropic and Palantir could disrupt IT's traditional business models and cannibalise business. The Nifty 50 .NSEI is down 13%.
Depreciation of the Indian rupee against major currencies in Q4FY2026 https://www.reuters.com/graphics/RUPEE-MARCH2026APR42026/MARCH2026APR42026-RUPEE/egvbejxynpq/chart.png
Brokerages' March quarter profit growth expectations for Indian IT firms https://www.reuters.com/graphics/ADJPROF-MQAPR22026IT/MQAPR22026IT-ADJPROF/jnpwrjabxvw/chart.png
Brokerages' March quarter revenue growth expectations for Indian IT firms https://www.reuters.com/graphics/BROKERREVENUE-MARCHITAPR22026/MARCHITAPR22026-BROKERREVENUE/mypmybajzpr/chart.png
India's IT stocks lagged benchmark Nifty 50 in the March quarter https://www.reuters.com/graphics/ITSTOCKSLAG-APRIL22026/APRIL22026-ITSTOCKSLAG/zdvxgqxjopx/chart.png
Brokerages Q4 View: What to expect from top Indian IT firms https://www.reuters.com/graphics/WHATBROKITEXP-APR22026/APR22026-WHATBROKITEXP/dwpkykzlmpm/chart.png
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
March 31 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - PARTNERS WITH PARKOURSC TO DELIVER AI-POWERED DIGITAL SUPPLY CHAIN SOLUTIONS
TECH MAHINDRA - PARTNERSHIP TO ENHANCE SUPPLY CHAIN RESILIENCE IN PHARMACEUTICAL AND COLD CHAIN LOGISTICS
Source text: ID:nBw1zdnKXa
Further company coverage: TEML.NS
(([email protected];))
March 31 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - PARTNERS WITH PARKOURSC TO DELIVER AI-POWERED DIGITAL SUPPLY CHAIN SOLUTIONS
TECH MAHINDRA - PARTNERSHIP TO ENHANCE SUPPLY CHAIN RESILIENCE IN PHARMACEUTICAL AND COLD CHAIN LOGISTICS
Source text: ID:nBw1zdnKXa
Further company coverage: TEML.NS
(([email protected];))
- Tech Mahindra partnered with Fortinet to deliver a managed Secure Access Service Edge (SASE) solution.
- The offering combines Tech Mahindra’s managed networking and security services with Fortinet’s Unified SASE platform.
- The managed solution includes SD-WAN, Zero Trust Network Access (ZTNA), and threat protection across cloud, SaaS, and on-premises environments.
- Support is provided through 24×7 security operations centers and proactive threat hunting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on March 17, 2026, and is solely responsible for the information contained therein.
- Tech Mahindra partnered with Fortinet to deliver a managed Secure Access Service Edge (SASE) solution.
- The offering combines Tech Mahindra’s managed networking and security services with Fortinet’s Unified SASE platform.
- The managed solution includes SD-WAN, Zero Trust Network Access (ZTNA), and threat protection across cloud, SaaS, and on-premises environments.
- Support is provided through 24×7 security operations centers and proactive threat hunting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on March 17, 2026, and is solely responsible for the information contained therein.
March 9 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - NOTES MARKET RUMOURS OF SIGNIFICANT HEADCOUNT REDUCTION
TECH MAHINDRA - DENIES PROPOSAL FOR SIGNIFICANT HEADCOUNT REDUCTION
Source text: ID:nBSE8G4Szz
Further company coverage: TEML.NS
(([email protected];))
March 9 (Reuters) - Tech Mahindra Ltd TEML.NS:
TECH MAHINDRA - NOTES MARKET RUMOURS OF SIGNIFICANT HEADCOUNT REDUCTION
TECH MAHINDRA - DENIES PROPOSAL FOR SIGNIFICANT HEADCOUNT REDUCTION
Source text: ID:nBSE8G4Szz
Further company coverage: TEML.NS
(([email protected];))
Tech Mahindra, a subsidiary of Mahindra & Mahindra Ltd., launched its Agentic Payment Assistance & Collections Optimization solution for telecommunications operators. The offering will be available on AWS Marketplace and uses Amazon Bedrock, Amazon Connect and AWS Step Functions to help automate payment assistance and collections workflows.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on March 05, 2026, and is solely responsible for the information contained therein.
Tech Mahindra, a subsidiary of Mahindra & Mahindra Ltd., launched its Agentic Payment Assistance & Collections Optimization solution for telecommunications operators. The offering will be available on AWS Marketplace and uses Amazon Bedrock, Amazon Connect and AWS Step Functions to help automate payment assistance and collections workflows.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mahindra & Mahindra Ltd. published the original content used to generate this news brief on March 05, 2026, and is solely responsible for the information contained therein.
Plenitude, a company controlled by Eni, said its subsidiary Plenitude On The Road has partnered with design house Pininfarina to develop a new concept for electric vehicle charging areas, aiming to make charging hubs more functional, recognisable and adaptable across different locations. As part of the partnership, Plenitude On The Road will install four charging points at Pininfarina’s headquarters in Cambiano, including two AC units up to 22 kW and two DC units up to 50 kW.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.
Plenitude, a company controlled by Eni, said its subsidiary Plenitude On The Road has partnered with design house Pininfarina to develop a new concept for electric vehicle charging areas, aiming to make charging hubs more functional, recognisable and adaptable across different locations. As part of the partnership, Plenitude On The Road will install four charging points at Pininfarina’s headquarters in Cambiano, including two AC units up to 22 kW and two DC units up to 50 kW.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.
March 2 (Reuters) - Tech Mahindra Ltd TEML.NS:
ORANGE BUSINESS AND TECH MAHINDRA ENTER STRATEGIC PARTNERSHIP
Source text: ID:nBSE3vlX2R
Further company coverage: TEML.NS
(([email protected];))
March 2 (Reuters) - Tech Mahindra Ltd TEML.NS:
ORANGE BUSINESS AND TECH MAHINDRA ENTER STRATEGIC PARTNERSHIP
Source text: ID:nBSE3vlX2R
Further company coverage: TEML.NS
(([email protected];))
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What does Tech Mahindra do?
Tech Mahindra is more than just a technology consulting and digital solutions company for global enterprises across industries. A global specialist in digital transformation and business re-engineering, the company is digital changemakers focused on scaling AI outcomes. Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services.
Who are the competitors of Tech Mahindra?
Tech Mahindra major competitors are Wipro, LTM, Oracle Finl. Service, Persistent Systems, Coforge, Mphasis, L&T Technology Serv.. Market Cap of Tech Mahindra is ₹1,50,846 Crs. While the median market cap of its peers are ₹84,491 Crs.
Is Tech Mahindra financially stable compared to its competitors?
Tech Mahindra seems to be less financially stable compared to its competitors. Altman Z score of Tech Mahindra is 8.56 and is ranked 5 out of its 8 competitors.
Does Tech Mahindra pay decent dividends?
The company seems to pay a good stable dividend. Tech Mahindra latest dividend payout ratio is 93.88% and 3yr average dividend payout ratio is 112.42%
How has Tech Mahindra allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Tech Mahindra balance sheet?
Balance sheet of Tech Mahindra is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Tech Mahindra improving?
Yes, profit is increasing. The profit of Tech Mahindra is ₹5,169 Crs for TTM, ₹4,811 Crs for Mar 2026 and ₹4,252 Crs for Mar 2025.
Is the debt of Tech Mahindra increasing or decreasing?
The net debt of Tech Mahindra is decreasing. Latest net debt of Tech Mahindra is -₹10,141 Crs as of Mar-26. This is less than Mar-25 when it was -₹8,588.4 Crs.
Is Tech Mahindra stock expensive?
Tech Mahindra is not expensive. Latest PE of Tech Mahindra is 29.37, while 3 year average PE is 33.55. Also latest EV/EBITDA of Tech Mahindra is 14.82 while 3yr average is 19.03.
Has the share price of Tech Mahindra grown faster than its competition?
Tech Mahindra has given lower returns compared to its competitors. Tech Mahindra has grown at ~14.82% over the last 9yrs while peers have grown at a median rate of 17.53%
Is the promoter bullish about Tech Mahindra?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Tech Mahindra is 34.97% and last quarter promoter holding is 34.97%.
Are mutual funds buying/selling Tech Mahindra?
The mutual fund holding of Tech Mahindra is increasing. The current mutual fund holding in Tech Mahindra is 19.14% while previous quarter holding is 19.06%.