Following the Satyam scandal of 2008-09, Tech Mahindra made a bid for Satyam Computer Services and became the highest bidder with a bid of INR 58.90 per share for a 31% stake in the company, beating serious competitor Larsen & Toubro. [12] Following the evaluation of the bids, the government-appointed board of directors of Satyam Computer announced on April 13, 2009: “Its board of directors has selected Venturbay Consultants Private Limited, a subsidiary controlled by Tech Mahindra Limited, as the highest bidder to acquire a majority interest in the company, subject to the approval of the Hon`ble Company Law Board.” [13] We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational trade associations with 260,000 employees in more than 100 countries. It enjoys a leading position in agricultural machinery, commercial vehicles, information technology and financial services in India and is the world`s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. Mahindra Group has a clear focus on global ESG leadership, fostering rural prosperity and improving urban life, with the aim of driving positive change in the lives of communities and stakeholders so they can move forward. Tech Mahindra announced its merger with Mahindra Satyam on March 21, 2012, after the company`s two boards received approval to create a $2.5 billion IT company. [14] [15] Both companies had been given the green light to merge the Bombay Stock Exchange and the National Stock Exchange. [16] On 11. In June 2013, the Supreme Court of Andhra Pradesh approved the merger of Mahindra Satyam with Tech Mahindra after receiving approval from the Mumbai High Court. [17] [18] [19] [20] Vineet Nayyar stated that technical approvals from the commercial register are required in Andhra Pradesh and Maharashtra, which will take place in two to four weeks, and within eight weeks, the newly merged company would be in force. The new organization was to be led by Anand Mahindra as president, Vineet Nayyar as vice president and C.P. Gurnani as CEO and general manager.
[21] [22] [23] On June 25, 2013, Tech Mahindra announced the completion of its merger with Mahindra Satyam to create the fifth largest software services company in the country with revenues of $2.7 billion. [24] [25] Tech Mahindra received commercial approval for the merger at 11:45 p.m. on June 24, 2013. Der 5. July 2013 has been set as the record date on which shares of Satyam Computer Services (“Mahindra Satyam”) will be exchanged for shares of Tech Mahindra under the approved program. [26] Mahindra Satyam (Satyam Computer Services) was suspended following the merger with effect from July 4, 2013. [27] Tech Mahindra completed the share exchange on July 12, 2013 and allocated its shares to the shareholders of Satyam Computer Services. [28] The exchanges approved trading in the new shares with effect from July 12, 2013.
Tech Mahindra reported a net profit of INR 686 crore for the first quarter ended June 30, 2013, up 27% from the same quarter last year. [29] [30] [31] Tech Mahindra Limited`s official website is www.techmahindra.com. Tech Mahindra is an unusual company engaged in unconventional thinking and wants to be a true partner. Number of members (applicable in the case of a non-equity corporation): In 2014, Tech Mahindra acquired Lightbridge Communications Corporation (LCC), one of the world`s largest independent telecommunications companies with a local presence in more than 50 countries. TECH MAHINDRA LIMITED is classified as a non-governmental corporation and registered with the ROC-MUMBAI Companies Registry. With regard to the financial situation at the time of registration of TECH MAHINDRA LIMITED, the authorized registered capital is Rs 7931000000 and the paid-up capital is Rs 4860221105. According to the registration of the company, It is under the commercial activity class / subclass code 64200, the main activity of the said company TECH MAHINDRA LIMITED is: , Telecommunications [The production of radio and television programmes, whether combined with radio, is classified in class 9213.], It falls under the POSTS AND TELECOMMUNICATIONS Department and these fall under the TRANSPORT section, STORAGE AND COMMUNICATIONS. The company number of TECH MAHINDRA LIMITED is L64200MH1986PLC041370 and the registration number is 041370. Its email address is jayaraman.g@techmahindra.com and its registered address is the place where the company is actually registered: GATEWAY BUILDING, APOLLO BUNDER, Mumbai, IN 400001. For any request, you can contact this company by e-mail address or postal address.
The Annual General Meeting (AGM) of TECH MAHINDRA LIMITED was last held on September 31 and May 21. March 2016 and, according to records from the Ministry of Corporate Affairs (MCA), the bankruptcy was last filed on March 31, 2015.
