Hyderabad - July 23rd, 2022:
Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, has signed a Memorandum of Understanding (MoU) with Mahindra University, for the setting up of Makers Lab to spearhead Research & Development (R&D) in Quantum Computing, XAI (Explainable AI), and Metaverse.
The MoU was signed on the sidelines of Mahindra University’s First Annual Convocation, in the presence of senior officials and dignitaries such as Shri. KT Rama Rao, Cabinet Minister for IT E&C, Municipal Administration & Urban Development and Industries & Commerce Department of Telangana; Dr. Krishna Ella, Chairman & MD, Bharat Biotech International Limited, Anand Mahindra, Chairman, Mahindra Group; CP Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra; Dr. Y Medury, Vice Chancellor, Mahindra University, among others. The partnership will fuel co-innovation by leveraging next-gen technologies.
CP Gurnani, MD & CEO, Tech Mahindra says, “At Tech Mahindra, we believe that technology-led innovation will enable us to build a sustainable, digital world amidst all shockwaves – predictable and unpredictable. Our partnership with Mahindra University is in line with this vision and is aimed at empowering students with rich learning opportunities through various initiatives. With the launch of Makers Lab, we will provide many talented and skilled individuals, with the opportunity to progress for a greater cause. The MoU will combine Tech Mahindra’s technological expertise and Mahindra University’s strong experience in the educational sector to build an exemplary institution at the Hyderabad campus, in the form of the Makers lab. The lab will be a frontrunner in boosting innovation and R&D to democratize access to high-quality education.”
As a part of the partnership, the students of Mahindra University will get an opportunity to work on IPs made within the Makers Lab and get deployed in R&D projects on campus. They will also collaborate with coding groups like “Engima” within the university to get access to projects, internships, and employment opportunities. The evaluation process to select students for Makers Lab will be facilitated by Mahindra University and Tech Mahindra.
Dr. Y Medury, Vice Chancellor, Mahindra University said, “There is a lot that Mahindra University and Tech Mahindra can jointly offer to each other. The MoU will further deepen our ties with Tech Mahindra to strengthen technology research in the country. This will also provide the students an exciting opportunity to collaborate with subject matter experts and industry leaders to work on exciting develop real-world applications.”
The exchange of ideas and collaboration between the research teams of Tech Mahindra and Mahindra University will help develop sustainable next-gen technology use cases. Tech Mahindra believes in the DigitALL philosophy for comprehensive Business Transformation. Digital technologies catalyze the transformations and humanize businesses by helping them think, sense, connect, communicate, secure, and act better than before. As part of NXT.NOW™ framework, which aims to enhance ‘Human Centric Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of the customer.
About Mahindra University
Mahindra University, headquartered in Hyderabad (India) is a multi-disciplinary university. It works towards “Educating future citizens for and of a better world” and is envisioned to be a private University that will play a significant role in driving quality improvements and innovation in higher learning in the coming years. Mahindra University will focus on generating new knowledge through engagement in cutting-edge research, create a spirit of innovation and entrepreneurship and undertake collaborative projects with industry and other academic institutions. In 2021, Mahindra University launched the School of Management, the Indira Mahindra School of Education and the School of Law. These will be followed by the launch of the School of Media and Liberal Arts in 2022. The University is sponsored by Mahindra Educational Institutions (MEI), a subsidiary of Tech Mahindra Ltd., the flagship IT company of the Mahindra Group, a US $19.4 billion industrial entity that employs in excess of 2,56,000 employees across 100 countries.
About Tech Mahindra
Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise. We are a USD 6 billion organization with 151,000+ professionals across 90 countries helping 1224 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. We are the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOWTM framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.
We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility 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. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.