Tech Mahindra TECHM
Mahindra group's IT services arm, heavy in telecom clients, in a margin turnaround
Mapped in 1 theme: Nifty 50.
Index membership
Tech Mahindra is in the Nifty 50 (NSE industry: Information Technology).
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 51,996 | 52,988 | 56,815 |
| Net profit | 2,397 | 4,253 | 4,806 |
Latest-year revenue ₹56,815 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Turnaround plan under CEO Mohit Joshi has lifted margins from lows
- Deep telecom and network expertise
Risks
- Telecom clients' spending is weak globally
- Margins still below larger peers
Common questions
What does Tech Mahindra do?
Mahindra group's IT services arm, heavy in telecom clients, in a margin turnaround.
Which industry is Tech Mahindra in?
Information Technology, in the Nifty 50.
Who are Tech Mahindra's peers?
In the Nifty 50's Information Technology industry: Tata Consultancy Services, Infosys and HCL Technologies.
What is Tech Mahindra's market cap and valuation?
As of 30 Oct 2026: market cap ₹1.75L Cr, P/E 30.7x, ROCE 23.1%, ROE 17.5%, dividend yield 2.85%.