Tech mahindra
Tech mahindra

Tech Mahindra reinforces its business commitment towards Latin America

  • Satyam Servicos De Informatica Ltda, its subsidiary in Sao Paulo, Brazil wins two multi-million dollar contracts

Hyderabad, India – 5 February, 2010 – Tech Mahindra, the brand identity of Satyam Computer Services Ltd. (NYSE:SAY), a leading global consulting and IT services provider, today announced the wins of 2 multimillion dollar contracts to be executed by it's subsidiary, Satyam Servicos De Informatica Ltda, in Sao Paulo, Brazil. Through this subsidiary, Tech Mahindra plans to increase its business footprint in the Latin American market and open opportunities for alliances in the local business arena. Satyam Servicos De Informatica Ltda has also appointed Alberto Rosati as the country head for this operation.

Mahindra Satyam has won two multi- million dollar contracts; one from a global conglomerate and the other from a leading player in the logistics sector for their Latin American operations, which will be serviced by Satyam Servicos De Informatica Ltda. Tech Mahindra will deploy technology in the Enterprise Business Systems (EBS) space which will power the supply chain operation of these two organizations.

Speaking on the occasion, Arvind Malhotra, Senior Vice President, Tech Mahindra said, "Our goal is to be the topplayer in the Latin American market leveraging Tech Mahindra's existing global delivery model. The Latin American market is growing rapidly and we see immense growth opportunity in the region.'

In keeping with the market dynamics, Satyam Servicos De Informatica Ltda will be increasing its headcount to over 100 associates over the span of the next six months.

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Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Tech Mahindra undertakes no duty to update any forward-looking statements.

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia as per Forbes 2016 list.

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

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