Thursday, 23 January 2014

Tech Mahindra to make small acquisitions in the financial space: Report

Tech Mahindra is reportedly planning to make a small acquisitions in the financial space. In this regard, the company is in talks with various aerospace engineering firms. The deal could be announced as early as March. Further, the company is aiming to double its revenues to about $5 billion in 2015.

Recently, the company has announced that it is planning to buyout Financial Technologies (FT) if the promoter is asked to sell his stake as part of the NSEL scam proceedings.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

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