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Tech Mahindra completes Satyam merger, becomes 5th biggest IT firm

New Delhi, June 25: Tech Mahindra has completed the merger of its unit Satyam Computer Services with itself, making it the No 5 Indian IT services provider.The merged entity with have revenues of $2.7 billion,
tech mahindra completes satyam merger becomes 5th...
India TV News Desk June 25, 2013 15:13 IST
New Delhi, June 25: Tech Mahindra has completed the merger of its unit Satyam Computer Services with itself, making it the No 5 Indian IT services provider.



The merged entity with have revenues of $2.7 billion, a team of 84,000 professionals servicing 540 customers across 46 countries, the company said in statement. The combined company will be called Tech Mahindra.

Part of the $16 billion Mahindra group, Tech Mahindra purchased Satyam in a government-backed auction in 2009 after the founder of the Hyderabad-based company admitted to one of India's biggest accounting frauds.
Related Tags: Tech Mahindra
 

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