Tech Mahindra announces a major initiative to help the economically disadvantaged under the banner of'Tech Mahindra Foundation'

• A corpus of Rs. 250 Million for the education of the underprivileged with a special focus on the education of underprivileged children and women’s empowerment program in education.
• Up to 2% of the Post Tax profits committed year on year towards the cause of this foundation.
• Rs 60 Million to be spend in the current financial year and expected to increase over the coming years.

Mumbai, June 13, 2007: Tech Mahindra Limited today unveiled its social vision by launching the Tech Mahindra Foundation. The foundation will address the educational needs of the underprivileged in our society, especially children, as well as espouse the cause of women’s empowerment in education with a view to realizing each group’s full potential. The launch of the Tech Mahindra Foundation was done by the managements of Mahindra & Mahindra, Tech Mahindra and Ben Verwaayen CEO, BT group.

Tech Mahindra Ltd launches it foundation with a current corpus of Rs.250 million. The Company and employees both have contributed towards this corpus. Tech Mahindra is committed to contribute up-to 2% of it post tax profit every year towards the cause of this foundation. The Foundation will be able to spend Rs 60 million in the current year which is expected to increase over the years in line with increase in the corpus.

The Foundation wishes to realize its vision by creating and supporting programs that will bring about sustainable changes, aimed at the upliftment of the less privileged and socially disadvantaged, especially children and women. Tech Mahindra Foundation came into existence as an expression of understanding of these issues of social concern. By focusing on education of the under privileged Tech Mahindra foundation believes that it can develop world class human resources.

The Foundation announced its tie-ups with Delhi and Maharashtra based Non Governmental Organization (NGO) and partners like Akanksha, Anawa, Godhuli and Voice who will promote programs in education which enables the children to become self-reliant and responsible contributing citizens. In the future, the foundation is looking to tie up with organizations that share its common values and have commitment, competence and integrity towards the cause.

Mr. Keshub Mahindra, Chairman of Mahindra group said “The launch of Tech Mahindra Foundation is a very special day for all of us. The Mahindra Group defines Corporate Social Responsibility as making socially responsible products, engaging in socially responsible employee relations and making a commitment to the community around it. At the Mahindra Group, Corporate Social Responsibility is notjust a duty; it's a way of life”.

Mr. Ben Verwaayen, CEO, BT Group said, “The foundation is a step in the right direction. I am deeply aware that social responsibility has always been an integral part of the Mahindra Group’s vision and a cornerstone for the group’s exemplary corporate citizenship. We have always taken our responsibility to the society seriously and believe thatmaking CSR part of customer experience is common sense. One of the key elements of BT’s programme is sustainable development and I am glad to see the same passion between Tech Mahindra’s and BT’s community programmes.”

Vineet Nayyar, CEO & Managing Director, Tech Mahindra Limited said, “Corporate Social Responsibility (CSR) has always been a significant focus area for us at TechM and the Tech Mahindra Foundation will channel the work that we have been doing over the years. I have been particularly delighted with the dedication and enthusiasm shown by the employees towards CSR.

"For us at TechM, CSR goes far beyond the old philanthropy of the past (which involved donating money to good causes at the end of the financial year) and the foundation is committed to enabling and enhancing lives of the lesser privileged. It is a round the year responsibility and we would be putting tangible milestones to our CSR activities.”

About Tech Mahindra

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra, in partnership with BT Plc. With total revenues of Rs 29,290 million in the year ended March 31, 2007, Tech Mahindra is India’s 8th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.

Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off shoring.

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 20,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE,Egypt, Singapore, India, Thailand, Taiwan & Australia. Please visit - http://www.techmahindra.com/

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