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Tech Mahindra
IT services company Tech Mahindra on Monday strongly denied market speculations around a possible significant reduction in headcount. Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration. The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount. "The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount. "In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.
The strategy set by the new leadership three years ago at Tech Mahindra to sharpen the company's position for faster and sustainable growth is giving returns, which is getting reflected in improved operating margin and increase in large deals, a top official of the IT firm said. Tech Mahindra CEO & Managing Director Mohit Joshi told PTI that as the world is navigating through a tectonic shift towards a new era of enterprise intelligence led by AI empowered design and engineering, the company's focus is shifting from stabilisation to acceleration. The operating margin during the December 2025 quarter expanded by close to 100 basis points to 13.1 per cent, marking the ninth consecutive quarter of margin expansion for the company. Further, our commercial momentum has strengthened, with a 48 per cent increase, including large deal volumes over the past 12 months. This reinforces our belief that clients are responding positively to our sharper positioning, disciplined deal selection, .
India is ready to scale up to a USD 750 billion IT industry, driven by artificial intelligence (AI), innovation and companies that deeply understand customer needs, CP Gurnani, former CEO of Tech Mahindra, said on Wednesday. According to the NITI Aayog, the Indian technology services industry is estimated to grow from USD 265 billion this year to USD 750-850 billion by 2035. After stepping down in December 2023, Gurnani founded AIONOS with the vision of building a next-generation services company powered by AI and platform-based models. He believes India's IT industry can grow from USD 275-300 billion at present to USD 750 billion by 2035 but only through innovation, deep customer understanding, and outcome-driven business models. "India is ready for scale up. India is ready for USD 750 billion IT industry. Clearly, the answer lies in innovation. The answer lies in understanding what the customer wants," he said at the India AI Impact Summit 2026. He emphasised that the future of
Indian IT major Tech Mahindra on Monday made it to a list of organisations leading the real-world AI adoption, alongside global giants like AMD, Siemens and PepsiCo. Produced by the World Economic Forum in collaboration with Accenture, the report on MINDS (Meaningful, Intelligent, Novel Deployable Solutions) organisations listed 20 pioneers driving high-impact AI solutions in disease detection, energy optimization, supply-chain resilience and more. It analysed hundreds of cases in more than 30 countries and over 20 industries (including healthcare, energy and infrastructure). An independent Impact Council of leading executives and experts identified clear common patterns among the most promising cases. These included embedding AI into strategic decision-making, redesigning work to strengthen human-AI collaboration, strengthening data foundations, modernizing technology platforms and supporting all of this with responsible governance. Releasing the report during its annual meeting .