Tech Mahindra
Tech Mahindra has bought 2 AI deployment firms since 2020: Zen3 Infosolutions and Geomatic.ai Pty Ltd.
- Type
- IT services firms: Global IT services and outsourcers
- Headquarters
- Pune, India
- Owner
- Public · NSE
- Website
- techmahindra.com
Acquisitions (2)
- Feb 2022: Geomatic.ai Pty Ltd (Australia). Drone, digital twin and AI services firm for energy, utilities and asset-heavy industries, carved out of AusNet Services. Price: $4.3M (reported) (stated as AUD 6m for 80% (about Rs 32 crore), indiainfoline.com). Sources: indiainfoline.com, analyticsindiamag.com, in.marketscreener.com.
- Feb 2020 (announced): Zen3 Infosolutions (America) Inc. (Seattle, United States). Software solutions firm with AI and machine learning work; offices in Dublin, Hyderabad, Visakhapatnam and Bengaluru. Price: $64M (reported) (stated as Rs 460 crore (about $64 million), all-cash, 100% stake, businesstoday.in). Price over revenue: 1.8x. Source: businesstoday.in.
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