MOHIT JOSHI TECHM
Tech Mahindra CEO Mohit Joshi says FY25 will be turnaround year
As per Tech Mahindra chairman Anand Mahindra, as organisations strive to stay ahead in the digital race, IT services will play a key role in enhancing technology by integrating AI seamlessly into the core business functions. “The race does not necessarily belong to the large or the most specialised. The winners will be companies that are agile, well-prepared and can scale at speed,” he said.
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra's shares surge despite profit drop, backed by new CEO's growth strategy. Analysts cautious yet optimistic about the company's future performance and turnaround plan.
TechM wants to be a 'credible challenger' in key sectors: CEO Mohit Joshi
Tech Mahindra's new CEO Mohit Joshi aims to turnaround the company by focusing on key sectors like BFSI, telecom, and manufacturing. He plans to improve productivity, emphasize higher margin service lines, increase revenues, and implement organizational changes with senior level talent and restructuring into different units.
Amazon’s Bazaar to challenge Meesho; AI & edtech
Amazon has started onboarding sellers from across the country and is asking them to list unbranded products, priced at Rs 600 or less. The platform will offer products like apparel, watches, shoes, jewellery and luggage.
Analysts mostly retain share price targets on TechM
The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday's closing. Analysts said that the company's weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment.
Tech Mahindra Q3 Results: Cons PAT slumps 61% YoY to Rs 510 crore; revenue drops 5%
Tech Mahindra Q3: Consolidated revenue from operations declined nearly 5% YoY to Rs 13,101 crore but was higher than the estimated Rs 12,790 crore. Sequentially, the bottomline and the topline rose 3.2% and 1.8%, respectively. In CC terms, the revenue rose 1.1% sequentially but dropped by 5.4% YoY.
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Tech Mahindra Q2 Preview: Profit to fall 42% YoY; deal wins seen muted
The communications vertical is expected to be the weakest during the September quarter. Deal wins are likely to remain soft similar to the previous two quarters, due to weak macro environment and slow decision-making of businesses.
Naspers and Prosus CEO Bob van Dijk resigns; Myntra experiments with returns
In a sudden move, Bob van Djik has resigned as CEO and board member of technology investment firm Prosus and its South African parent Naspers. This and more in today’s ETtech Morning Dispatch.
Piyush Goyal to meet ecommerce players; Binny Bansal cashes out of Flipkart
Executives from different ecommerce companies are likely to meet commerce and industry minister Piyush Goyal to deliberate upon the national ecommerce policy. This comes as the government is trying to understand the business models of online groceries and quick commerce platforms. This and more in today’s ETtech Morning Dispatch.
Tech Mahindra may pick CitiusTech’s Atul Soneja as COO: sources
Soneja was heading Edge Products at Infosys when Mohit Joshi, managing director and CEO-designate at Tech Mahindra, was president at the Bengaluru-based software company.
Leadership change may help Tech Mahindra in long term but short-term pain remains
The company on March 11 announced that Mohit Joshi will be appointed as the MD and CEO with effect from December 20 after the retirement of the current MD and CEO CP Gurnani
Changes at TechM's helm to better performance, but in the long run
With the recent announcement of leadership change, the country's fifth-largest software exporter is expected to focus on improving profitability and return ratios driven by account expansions and large deals. While this may support the stock's performance in the long term, it may continue to face pressure in the near term.
Tech Mahindra zooms 10% on Infosys veteran's appointment as CEO
Joshi joined Infosys in 2000 and has since worked in different capacities for the firm. In his previous role, he was responsible for leading the financial services business in Europe. In 2007, he was appointed as CEO of Infosys Mexico and was instrumental in setting up the first subsidiary in Latin America.
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