Latest news with #TechM
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Business Standard
2 days ago
- Business
- Business Standard
Leadership, talent strategy to drive Tech Mahindra's global ambition: CEO
The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi, who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani. "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global roles. "We have restructured our global operations into six focused Strategic Business Units; each aligned with our delivery priorities and designed to accelerate our multi-year growth agenda. We have carefully calibrated leadership roles to blend experience, expertise, and future focus. This balance of continuity and fresh perspective gives us the edge to deliver on our FY'27 ambitions," Joshi said. For the financial year 2027, Tech Mahindra has set goals to achieve higher average growth than its peers and expects the current fiscal year to surpass FY'25. The company initiated the process of installing new leadership with the appointment of Atul Soneja as Chief Operating Officer in August 2023, from New Jersey-based CitiusTech. The company elevated Harshvendra Soin to President for Asia Pacific and Japan Business in January 2024, who had also served as Country Head for Canada and Head of Business HR for APAC and EMEA (Telecom and Enterprise) at Tech Mahindra. In the leadership reshuffle, the company has appointed nine new leaders and elevated seven leaders to global roles in the last two years, with the recent hiring being the appointment of Amol Phadke as Chief Transformation Officer of Tech Mahindra in June 2025. Joshi said the impact of new leadership was reflected in the June quarter, where EBIT margins improved for seven consecutive quarters and have now reached 11.1 per cent, compared to 10.5 per cent last year. Tech Mahindra reported a 34 per cent growth in consolidated profit to Rs 1,141 crore, while its revenue grew by 2.7 per cent to Rs 13,351 crore during the June 2025 quarter. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
New leadership, talent strategy to make Tech Mahindra world-leading entity: CEO Mohit Joshi
New Delhi: The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi , who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani . "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global roles. "We have restructured our global operations into six focused Strategic Business Units; each aligned with our delivery priorities and designed to accelerate our multi-year growth agenda. We have carefully calibrated leadership roles to blend experience, expertise, and future focus. This balance of continuity and fresh perspective gives us the edge to deliver on our FY'27 ambitions," Joshi said. For the financial year 2027, Tech Mahindra has set goals to achieve higher average growth than its peers and expects the current fiscal year to surpass FY'25. The company initiated the process of installing new leadership with the appointment of Atul Soneja as Chief Operating Officer in August 2023, from New Jersey-based CitiusTech. The company elevated Harshvendra Soin to President for Asia Pacific and Japan Business in January 2024, who had also served as Country Head for Canada and Head of Business HR for APAC and EMEA (Telecom and Enterprise) at Tech Mahindra. In the leadership reshuffle, the company has appointed nine new leaders and elevated seven leaders to global roles in the last two years, with the recent hiring being the appointment of Amol Phadke as Chief Transformation Officer of Tech Mahindra in June 2025. Joshi said the impact of new leadership was reflected in the June quarter, where EBIT margins improved for seven consecutive quarters and have now reached 11.1 per cent, compared to 10.5 per cent last year. Tech Mahindra reported a 34 per cent growth in consolidated profit to ₹1,141 crore, while its revenue grew by 2.7 per cent to ₹13,351 crore during the June 2025 quarter.
Hans India
2 days ago
- Business
- Hans India
New Leadership, talent strategy to make Tech Mahindra world-leading entity: CEO Mohit Joshi
The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi, who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani. "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global roles. "We have restructured our global operations into six focused Strategic Business Units; each aligned with our delivery priorities and designed to accelerate our multi-year growth agenda. We have carefully calibrated leadership roles to blend experience, expertise, and future focus. This balance of continuity and fresh perspective gives us the edge to deliver on our FY'27 ambitions," Joshi said. For the financial year 2027, Tech Mahindra has set goals to achieve higher average growth than its peers and expects the current fiscal year to surpass FY'25. The company initiated the process of installing new leadership with the appointment of Atul Soneja as Chief Operating Officer in August 2023, from New Jersey-based CitiusTech. The company elevated Harshvendra Soin to President for Asia Pacific and Japan Business in January 2024, who had also served as Country Head for Canada and Head of Business HR for APAC and EMEA (Telecom and Enterprise) at Tech Mahindra. In the leadership reshuffle, the company has appointed nine new leaders and elevated seven leaders to global roles in the last two years, with the recent hiring being the appointment of Amol Phadke as Chief Transformation Officer of Tech Mahindra in June 2025. Joshi said the impact of new leadership was reflected in the June quarter, where EBIT margins improved for seven consecutive quarters and have now reached 11.1 per cent, compared to 10.5 per cent last year. Tech Mahindra reported a 34 per cent growth in consolidated profit to Rs 1,141 crore, while its revenue grew by 2.7 per cent to Rs 13,351 crore during the June 2025 quarter.
NDTV
31-07-2025
- Automotive
- NDTV
Mahindra Posts 24 Pc Hike In Net Q1 Profit, Total Income At Rs 45,529 Cr
Mumbai: Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of Rs 3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it added. "Q1 F26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion," Mahindra & Mahindra (M&M) Group CEO & MD Anish Shah said. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its F27 margin objectives, he added. "Our growth gems are progressing well on their value creation journeys," Shah noted. Elaborating further, M&M Executive Director & CEO (Auto and Farm Sector) Rajesh Jejurikar said the businesses continue to lead with strong momentum in Q1 F26, with a gain of 570 bps YoY in SUV revenue share. "In tractors, we gained 50 bps YoY to reach 45.2 per cent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin improved by 50 bps to 10 per cent, and core tractor PBIT margins improved by 100 bps to 20.7 per cent," he added. During the April-June quarter, the company sold 2,47,249 units, an increase of 17 per cent as compared with 2,11,550 units in the year-ago period. Tractor sales increased 10 per cent year on year to 1,32,964 units in the June quarter. M&M Group Chief Financial Officer Amarjyoti Barua said: "We are pleased with the performance of the group in the quarter, despite several macro challenges including geopolitical disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation." Shares of the company on Wednesday ended 0.62 per cent up at Rs 3,217.05 apiece on the BSE.
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Business Standard
30-07-2025
- Automotive
- Business Standard
Mahindra Q1 results: Net profit up 24% to ₹4,083 cr, income at ₹45,529 cr
Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to ₹4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of ₹3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to ₹45,529 crore in the June quarter against ₹37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it added. "Q1 F26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion," Mahindra & Mahindra (M&M) Group CEO & MD Anish Shah said. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its F27 margin objectives, he added. "Our growth gems are progressing well on their value creation journeys," Shah noted. Elaborating further, M&M Executive Director & CEO (Auto and Farm Sector) Rajesh Jejurikar said the businesses continue to lead with strong momentum in Q1 F26, with a gain of 570 bps YoY in SUV revenue share. "In tractors, we gained 50 bps YoY to reach 45.2 per cent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin improved by 50 bps to 10 per cent, and core tractor PBIT margins improved by 100 bps to 20.7 per cent," he added. During the April-June quarter, the company sold 2,47,249 units, an increase of 17 per cent as compared with 2,11,550 units in the year-ago period. Tractor sales increased 10 per cent year on year to 1,32,964 units in the June quarter. M&M Group Chief Financial Officer Amarjyoti Barua said: "We are pleased with the performance of the group in the quarter, despite several macro challenges including geopolitical disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation." Shares of the company on Wednesday ended 0.62 per cent up at ₹3,217.05 apiece on the BSE.
