Pune based Tech Mahindra wins Satyam bid
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: