Mahindra Satyam amalgamates with Tech Mahindra
Software company Mahindra Satyam formally merged with its parent Tech Mahindra to create the country’s fifth largest software services firm. After an approval from the Mumbai high court, the merger had been awaiting clearances from the Andhra Pradesh high court, which gave the nod.
The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. The combined entity now has 11 locations in India and 15 overseas for BPO operations and software development.
Categories: Business, Economy & Banking