Latest news with #MohitJoshi
Time of India
23-05-2025
- Entertainment
- Time of India
Travelling levels up with ravelling levels up with gaming-inspired getaways
It's game on for travellers as video games emerge as major sources of wanderlust. According to a Skyscanner report, 88 per cent of Indian travellers say locations in their favourite video games motivate them to book international trips. But beyond virtual inspiration, gaming conventions are also emerging as significant travel drivers. This intersection of gaming and travel has resulted in the emergence of 'gami-vacations'. The rise of gami-vacations, or gaming-inspired getaways, also aligns with a growing desire for exploration among Indian travellers. Mohit Joshi, travel and destination expert at Skyscanner India, notes, 'With 66 per cent of Indians planning to travel more in 2025, global exploration is a top priority as they seek out destinations that offer enriching experiences. Indian travellers are not just exploring new destinations; they're seeking meaningful and collective travel experiences.' What is a gami-vacation? 'Gami-vacation' is a term coined to describe travel experiences that combine the excitement of traditional travel with interactive elements and concepts drawn from video games. When virtual worlds spark real wanderlust For a growing number of Indian travellers, the immersive worlds of video games are sparking a desire to explore real-life destinations. 'Being an introvert, Death Stranding became an escape for me. Hideo Kojima's beautiful depiction of Icelandic landscapes resonated deeply, and I longed to visit. Last year, I booked a trip to Iceland,' says Vishnu Nair, a gamer from Mumbai. Aditya, a lawyer based in Delhi, shares, 'When I got the opportunity to go to Europe, I made sure to include the whole city of Rome and Amsterdam in my itinerary because of Assassin's Creed. Ubisoft is known for making the historical locations as accurate as possible to real life, so I knew that the places I'd visit in Rome will be accurate. I visited the Colosseum, Pantheon and Castel Sant'angelo, which are all featured in the game — and it felt very familiar.' With India's gaming industry expected to reach `32,472 crores by year-end, gaminginspired vacations are gaining serious traction, giving rise to trips that include VR previews, game-inspired locations, AR city walks, themed stays, eSports tournaments, and meetups with popular streamers Rikant Pittie, CEO and co-founder, EaseMyTrip 'Gaming events emerge as key travel motivators' Sundarraman Ramalingam, India Manager, Niantic Inc., notes that location-based gaming and eSports events are not only driving travel but are also major contributors to it. 'Last year in Bengaluru, Pokémon Go launched an event attracting attendees from as far as Germany and Japan for the chance to catch Pikachu. Typically, over 80 per cent of participants at such gaming events are from outside the host state, with a significant number of international participants. People enjoy these games and value the opportunity to explore new places through them. While this travel trend has been strong among those from Europe, Japan, and the US, with more eSports events happening globally, we're seeing increased travel from places like Delhi, Kolkata, Bengaluru and Mumbai, and hopefully, this will only grow.' 'Younger generations lead the convergence of gaming and travel' Gen Z and millennials are leading the charge in both the gaming and travel spheres, according to Rikant Pittie, CEO and co-founder, EaseMyTrip. He shares, 'Gami-vacations are redefining the future of travel, driven by Gen Z and millennials who are blending their love for gaming with real-world exploration. Indian travellers are expressing interest in visiting destinations they've discovered through the immersive worlds of their favourite games, seeking experiences that mirror the storytelling, interactivity, and emotional depth of virtual adventures. ' Gaming-themed tourism initiatives on the rise The growing popularity of themed experiences and dedicated tours catering to fans of series like Grand Theft Auto in cities such as New York, Miami, and Los Angeles, and Assassin's Creed in Rome and Egypt, suggests the tangible impact of these games on tourism. Likewise, following the release of the samurai action-adventure stealth game Ghost of Tsushima, the town of Tsushima in Japan reportedly experienced a surge in tourism as players travelled to visit the game's recreated landscapes, subsequently leading to an official partnership between tourism authorities and the game developer. 67% of Indian gamers admit to packing their gaming gear to get their fix on the go, even on vacation - Skyscanner 'Future of travel will see imagination take precedence' 'With India's gaming industry expected to reach $3.8 billion (`32,472 crores, approximately) by year-end, this trend is gaining traction, giving rise to trips that include VR previews, game-inspired locations, AR city walks, themed stays, eSports tournaments, and meetups with streamers. What once seemed niche is now being embraced, with support from governments and tourism boards recognising its cultural and economic potential. Gamivacations blend curiosity, culture, and digital innovation — proving that the next era of travel will be shaped as much by imagination as by geography,' Rikant says. 88% of Indian travellers are inspired to book a trip abroad based on locations from their favourite video game - Skyscanner
Web Release
26-04-2025
- Business
- Web Release
Tech Mahindra Unveils ‘AI Delivered Right': A Comprehensive Strategy to Help Enterprises Scale AI with Purpose and Precisio
Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced the launch of its new AI strategy, 'AI Delivered Right', to drive responsible, practical, and scalable adoption of AI across industries globally. The strategy is rooted in the company's expertise in delivering transformative AI outcomes, including the successful creation and open-sourcing of India's first foundational large language model (LLM), Project Indus. The strategy empowers enterprises by equipping them with the tools and processes to maximize AI investment from strategy development to solution implementation. As the AI landscape shifts from infrastructure to AI-ready applications, this strategy focuses on smart data practices, optimized spending for transparency, and seamless integration with hyper scalers, helping customers adapt and modernize legacy systems for greater productivity. The strategy is built on four foundational pillars: · Transformation Delivered – Embedding AI into the core of enterprise processes to unlock new business models and experiences. · Productivity Delivered – Accelerating efficiency and performance across operations through intelligent automation and decisioning. · Innovation Delivered – Enabling new products, services, and customer journeys powered by advanced AI capabilities. · Assurance Delivered – Embedding trust, governance, and responsible AI practices into every deployment. The strategy also emphasizes the importance of ecosystem collaboration. Tech Mahindra is working closely with hyper scalers, platform providers, and emerging startups to offer customers a curated AI partner ecosystem. This ensures each AI deployment is backed by the right technologies, domain expertise, and industry-tested frameworks. The company is also addressing the AI skills gap through targeted reskilling and strategic investments in talent development, aiming to train its workforce on AI fundamentals and responsible AI use by the end of FY'26. Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, 'As the AI landscape evolves, enterprises are looking for pathways to transition from exploration to expansion. However, many find themselves in extended proof-of-concept stages, looking for a partner to facilitate a smooth shift into real-world implementation. Our 'AI Delivered Right' strategy plays a crucial role in this direction. It showcases our ability to transform AI aspirations into concrete outcomes in a responsible manner. We are committed to empowering our customers throughout their transformation journey, providing operational rigor, ecosystem orchestration, and trust frameworks needed to ensure AI delivers real-world impact.' Santhosh Viswanathan, VP and MD, India Region, Intel Corporation, said, 'Through our collaboration with Tech Mahindra on Project Indus, we have successfully enabled the seamless deployment of sophisticated AI models across industries, empowering businesses to harness the full potential of GenAI for improved efficiency and a competitive edge. Building on this collaboration, we are committed to introducing innovative offerings with Tech Mahindra's expertise to deliver precise and effective AI solutions.' Tech Mahindra is also building and delivering advanced Agentic AI systems that enable real-time execution and autonomous decision-making, offering tangible business value across industries. It's VerifAI framework ensures governance by offering a comprehensive approach to validating and verifying the outcomes of AI projects. The company has demonstrated its readiness to scale its AI capabilities globally by establishing strong internal and external foundations. Project Indus, launched in collaboration with Intel, is a testament to this readiness—conceived, developed, and open-sourced by Tech Mahindra. Tapati Bandopadhyay – Expert Advisor – AI & Automation, Third Eye Advisory, said, 'The ZeroOps, InfinityOps, and VerifAI frameworks and solutions from Tech Mahindra's AI and integrated smart automation offerings empower clients to harness the full potential of the digital technology trio: AI, Automation, and Analytics. With AI headlining Tech Mahindra's competency bouquet, these robust solutions address complex customer challenges in both business and IT operations through practical use cases, providing visibility, measurability, and control. The newly launched Pharmacovigilance solution demonstrates Tech Mahindra's intent and effort to effectively deliver Agentic AI, demonstrating the vision and capability for AI, to deliver AI right. By delivering tangible results in production, the company is driving efficiency and innovation for their clients.' The 'AI Delivered Right' strategy aligns with Tech Mahindra's broader focus on sectors that are ready for significant AI-driven transformation, such as Telecom, Life Sciences and Healthcare, Banking, Financial Services and Insurance (BFSI), and Manufacturing.
Mid East Info
25-04-2025
- Business
- Mid East Info
Tech Mahindra Unveils ‘AI Delivered Right': A Comprehensive Strategy to Help Enterprises Scale AI with Purpose and Precision
Pune: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced the launch of its new AI strategy, 'AI Delivered Right', to drive responsible, practical, and scalable adoption of AI across industries globally. The strategy is rooted in the company's expertise in delivering transformative AI outcomes, including the successful creation and open-sourcing of India's first foundational large language model (LLM), Project Indus. The strategy empowers enterprises by equipping them with the tools and processes to maximize AI investment from strategy development to solution implementation. As the AI landscape shifts from infrastructure to AI-ready applications, this strategy focuses on smart data practices, optimized spending for transparency, and seamless integration with hyper scalers, helping customers adapt and modernize legacy systems for greater productivity. The strategy is built on four foundational pillars: Transformation Delivered – Embedding AI into the core of enterprise processes to unlock new business models and experiences. – Embedding AI into the core of enterprise processes to unlock new business models and experiences. Productivity Delivered – Accelerating efficiency and performance across operations through intelligent automation and decisioning. – Accelerating efficiency and performance across operations through intelligent automation and decisioning. Innovation Delivered – Enabling new products, services, and customer journeys powered by advanced AI capabilities. – Enabling new products, services, and customer journeys powered by advanced AI capabilities. Assurance Delivered – Embedding trust, governance, and responsible AI practices into every deployment. The strategy also emphasizes the importance of ecosystem collaboration. Tech Mahindra is working closely with hyper scalers, platform providers, and emerging startups to offer customers a curated AI partner ecosystem. This ensures each AI deployment is backed by the right technologies, domain expertise, and industry-tested frameworks. The company is also addressing the AI skills gap through targeted reskilling and strategic investments in talent development, aiming to train its workforce on AI fundamentals and responsible AI use by the end of FY'26. Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, 'As the AI landscape evolves, enterprises are looking for pathways to transition from exploration to expansion. However, many find themselves in extended proof-of-concept stages, looking for a partner to facilitate a smooth shift into real-world implementation. Our 'AI Delivered Right' strategy plays a crucial role in this direction. It showcases our ability to transform AI aspirations into concrete outcomes in a responsible manner. We are committed to empowering our customers throughout their transformation journey, providing operational rigor, ecosystem orchestration, and trust frameworks needed to ensure AI delivers real-world impact.' Santhosh Viswanathan, VP and MD, India Region, Intel Corporation, said, 'Through our collaboration with Tech Mahindra on Project Indus, we have successfully enabled the seamless deployment of sophisticated AI models across industries, empowering businesses to harness the full potential of GenAI for improved efficiency and a competitive edge. Building on this collaboration, we are committed to introducing innovative offerings with Tech Mahindra's expertise to deliver precise and effective AI solutions.' Tech Mahindra is also building and delivering advanced Agentic AI systems that enable real-time execution and autonomous decision-making, offering tangible business value across industries. It's VerifAI framework ensures governance by offering a comprehensive approach to validating and verifying the outcomes of AI projects. The company has demonstrated its readiness to scale its AI capabilities globally by establishing strong internal and external foundations. Project Indus, launched in collaboration with Intel, is a testament to this readiness—conceived, developed, and open-sourced by Tech Mahindra. Tapati Bandopadhyay – Expert Advisor – AI & Automation, Third Eye Advisory, said, 'The ZeroOps, InfinityOps, and VerifAI frameworks and solutions from Tech Mahindra's AI and integrated smart automation offerings empower clients to harness the full potential of the digital technology trio: AI, Automation, and Analytics. With AI headlining Tech Mahindra's competency bouquet, these robust solutions address complex customer challenges in both business and IT operations through practical use cases, providing visibility, measurability, and control. The newly launched Pharmacovigilance solution demonstrates Tech Mahindra's intent and effort to effectively deliver Agentic AI, demonstrating the vision and capability for AI, to deliver AI right. By delivering tangible results in production, the company is driving efficiency and innovation for their clients.' The 'AI Delivered Right' strategy aligns with Tech Mahindra's broader focus on sectors that are ready for significant AI-driven transformation, such as Telecom, Life Sciences and Healthcare, Banking, Financial Services and Insurance (BFSI), and Manufacturing. About Tech Mahindra: Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies.
Business Standard
25-04-2025
- Business
- Business Standard
Tech Mahindra gains after Q4 PAT rises 19% QoQ; declares dividend of Rs 30/sh
Tech Mahindra rose 1.54% to Rs 1,468.35 after the company's consolidated net profit advanced 18.66% to Rs 1,166.7 crore in Q4 FY25 as against Rs 983.2 crore reported in Q3 FY25. However, revenue from operations declined marginally, 0.74%, to Rs 13,384.0 crore in the March quarter from Rs 13,285.6 crore recorded in the preceding quarter of FY24. On a year-on-year (YoY) basis, Tech Mahindra's net profit soared 76.51%, while revenue grew 3.98% in Q4 FY25. EBITDA stood at Rs 1,867.4 crore in the quarter ended 31 March 2025, up 3.23% QoQ and up 32.65% YoY. In terms of dollars (USD), revenue stood at $1,549 million in Q4 FY25, registering de-growth of 1.2% QoQ and flat YoY. In constant currency terms, revenue declined by 1.5% QoQ and 0.3% YoY. Profit after tax was at $136 million, up 17.3% QoQ and up 70.8% YoY. Free cash flow was at $150 million in the March quarter. During the quarter, EBIT was at $163 million, up 2.8% QoQ and up 43.6% YoY. EBIT margin came in at 10.5% in Q4 FY25, up 40 bps QoQ and 320 bps YoY. The IT firm secured net new deals with a total contract value (TCV) of $798 million in the March quarter of 2025. Total headcount was at 148,731, registering de-growth of 2.5% QoQ and up 2.9% YoY. The last twelve months (LTM) IT attrition rate for Q3 FY25 was 11%, an increase from 10% in Q3 FY24 and a decrease from 11% in Q2 FY24. The total headcount stood at 148,731, down by 1,757 quarter-over-quarter (QoQ), but up by 3,276 year-over-year (YoY). The last twelve months (LTM) IT attrition rate for Q4 FY25 was 11.8%. Cash and cash equivalents were at Rs 7,655.6 crore as of 31 March 2025, compared with Rs 7,911.5 crore as of 31 March 2024 and Rs 6,840.8 crore as of 31 December 2024. For the full year, consolidated PAT soared 80% YoY to Rs 4,252 crore, while revenues were up 2% YoY to Rs 54,988 crore in FY25 over FY24. Tech Mahindra reported net new deal wins amounting to $2.7 billion. Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap. Our deals win at $2.7 billion, reflect a 42% year-on-year increase, and are a clear validation of the depth of our client partnerships. Rohit Anand, Chief Financial Officer, Tech Mahindra, said, This year, we delivered operational excellence by achieving a 60% increase in operating profit through strong execution, operational leverage, and cost management. We raised our dividend per share by 12.5% and returned 85% of our free cash flow to shareholders, reflecting our commitment to capital allocation policy. Meanwhile, the companys board recommended a final dividend of Rs 30 per equity share for the financial year ended 31 March 2025. The final dividend recommended is in addition to the interim dividend of Rs 15 per equity share in November 2024. The total dividend for FY 2024-25 will be Rs 45 per equity share. Tech Mahindra is focused on leveraging next-generation technologies, including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers.
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Business Standard
25-04-2025
- Business
- Business Standard
Tech Mahindra shares fall 5% after Q4 results; earnings breakdown here
Tech Mahindra share price today: Shares of Tech Mahindra tumbled nearly 5 per cent in Friday's intraday session after it missed the street's revenue estimates amid weakness in its communications and hi-tech verticals. Tech Mahindra's stock fell as much as 4.7 per cent during the day to ₹1,375 per share, the worst intraday loss since April 7 this year, according to Bloomberg data. The stock trimmed losses to trade 1.93 per cent lower at ₹1,415 apiece, compared to a 1.32 per cent decline in Nifty50 as of 10:29 AM. The company's shares snapped a four-day winning streak on Friday and have recovered about 20 per cent from its recent lows of ₹1,209, which it hit early this month. The stock has fallen 17 per cent this year, compared to a 1.2 per cent advance in the benchmark Nifty50. The company has a total market capitalisation of ₹1.38 trillion, according to BSE data. Tech Mahindra Q4 Results breakdown The information technology (IT) firm reported a profit of ₹1,167 crore for the fourth quarter of financial year 2024–25 (FY25), marking a 76.5 per cent increase from the same quarter in the previous year. Sequentially, the bottom line grew 0.7 per cent. Revenue for the fourth quarter increased 4 per cent year-on-year (Y-o-Y) to ₹13,384 crore. This comes against ₹13,457.8 crore top line, which analysts tracked by Business Standard had estimated. On a sequential basis, revenue was up 0.7 per cent. In US dollar terms, revenue was flat Y-o-Y and down 1.2 per cent quarter-on-quarter (Q-o-Q). Teach Mahindra deal pipeline Tech Mahindra signed a total contract value (TCV) of $2.7 billion for FY25, up 42 per cent Y-o-Y. For the fourth quarter, the company signed TCV of $798 million, up from $745 million in the December quarter. Tech Mahindra management commentary Mohit Joshi, chief executive officer and managing director, Tech Mahindra, said, 'This year, we laid a strong foundation for our transformation journey. The environment has changed materially, especially since January. During that time, we were witnessing an upsurge of excitement from clients in the US. But some of this has not been stalled due to the volatility in the market and specifically in the manufacturing sector.' The IT services firm, which has been trailing its competitors and is currently undergoing a turnaround under Joshi, has faced additional challenges due to its reliance on the communications vertical, a sector whose revenue is closely linked to macroeconomic conditions. This vertical accounts for over a third of the company's revenue. In the latest quarter, revenue from the communications segment declined by 2.2 per cent compared to the previous year, a drop that Joshi attributed to "industry headwinds caused by a prolonged downturn in the sector." However, he noted that the company is beginning to see "signs of stability returning" in the segment, particularly in Europe and Asia Pacific. About Tech Mahindra Tech Mahindra is a provider of consulting-led integrated portfolio services. The company serves a wide range of customers, including telecom equipment manufacturers, telecom service providers, IT infrastructure service providers, business process outsourcing providers, and enterprise solution services across various sectors like BFSI (Banking, Financial Services, and Insurance), retail and logistics, manufacturing, energy and utilities, healthcare, and life sciences. Tech Mahindra delivers its IT and IT-enabled services through a global network of multiple locations. ALSO READ:
