Amit Paranjape’s Blog

Pune based Tech Mahindra wins Satyam bid

Posted in Financial Markets/Economics, Information Technology, Pune by Amit Paranjape on April 13, 2009

According to news reports today, Pune based Tech Mahindra has won the Satyam bid. Here is the coverage in The Economic Times “Tech Mahindra wins bid for Satyam Computers”

 

The other rivals in the race were L&T InfoTech and the American billionaire Wilbur Ross. This news is already being covered in great detail in all the national business media and I doubt if I can add anything new.

 

My thought would be from a Pune angle. Pune has been amongst the leading IT cities in India for a while now. Infosys and Wipro have plans underway to expand their Pune centers into their single biggest facilities. Yet, a ‘Pune-based company’ has never been in the big league!

 

It’s worth noting how Infosys started in Pune in the early 1980s and then moved on to Bangalore. In some sense this void can be filled today! Tech Mahindra has its roots in Pune for many years. Here are a couple of links that provide more information about the company profile:

 

Tech Mahindra Wikipedia Link

Tech Mahindra Official Website (About Us Link)

4 Responses

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  1. […] article is cross-posted from Amit Paranjape’s […]

  2. Rajesh said, on April 13, 2009 at 3:06 pm

    The real Impact of the deal on Tech Mahindra would evolve in the days to come as it aligns the maligned Software firm’s business within its frame of operations and makes sure that clients do not move away from it. The impact of litigation related to Satyam fraud would also be a challenge for the company.

    http://rasoni.blogspot.com/2009/04/tech-mahindra-wins-bid-for-satyam.html

  3. Mahendra said, on April 13, 2009 at 5:15 pm

    Thanks for bringing out the Pune angle in the Satyam acquisition…good news!🙂

  4. Sharmila Juvekar said, on August 4, 2009 at 5:23 pm

    It’s good that TechMahindra wins the Satyam’s Bid but TechM should give the preference to Pune/Maharashtra to grow and then in other parts of India. Also TechM should support the unemployness of Marathi people. There can be many ideas where Marathi person grow well in IT industry. Sombosy should take the initiative to guide him/her.


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