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Tech Mahindra aims for 50% revenue share from digital business

Tech Mahindra Ltd said that it has now upskilled more than 70% of its IT workforce in the digital and future skills as a part of measures of getting half its revenue from some of the new technologies.

The software service company is now investing heavily in reskilling the employees in the cybersecurity, blockchain, robotics, artificial intelligence, and automation as a part of its TexMNxt chapter.

The company also revealed that it has now collaborated with FutureSkills, as played a big role in the upskill drive. FutureSkills is an initiative by the IT industry body Nasscom and Edcast.

“Our partnership with Nasscom has majorly aided this digital transformation journey aimed at reskilling associates in the organization, to make them digital savvy,” said Jagdish Mitra, chief strategy officer and head of growth at Tech Mahindra.

Mitra said that the company was targeting at least 50% of the revenue share from the digital businesses while continuing to aim at the annual growth of 30%.

Tech Mahindra had launched a Blockchain Centre of Excellence to encourage employees to develop the solutions around the ledger technology. It has also integrated with the University of Suffolk, University of Sydney, University of Berkeley, to implement and research next-gen technologies.

Report

Written by Udit Agarwal

Startup/Tech News Correspondent, Responsible for gathering information on the tech companies working on IOT, AI, ML, Cloud, Mobile Technologies,

Udit can be reached at [email protected]

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