**IT services:** approx. 45%
**Telecommunications:** approx. 30%
**BFSI (Banking, Financial Services, and Insurance):** approx. 15%

**TOP 3 Markets:**
**USA:** approx. 40%
**Europe:** approx. 30%
**India:** approx. 15%

Tech Mahindra Limited generates the majority of its revenues from IT services, followed by the telecommunications sector and the BFSI industry. This diversification enables the company to benefit from various growth opportunities in different industries.

The USA is the largest market for Tech Mahindra, followed by Europe and India. These markets are crucial for the company as they represent both large and mature markets that continuously invest in digital transformation and IT services.

**Production Sites:** India, USA, Europe, Asia-Pacific

Tech Mahindra Limited, a leading IT services company, primarily produces and develops its services and products in India, where it maintains numerous development centers and offices. Additionally, the company also has a significant presence in the USA and Europe to be closer to its customers and better serve local market requirements.

In recent years, Tech Mahindra has also expanded its operations in the Asia-Pacific region to benefit from the growing markets in this region. This geographical diversification enables the company to flexibly respond to global market changes and deliver its services more efficiently.

**Revenue growth (estimated):** 8-10% annually (2025)
**Profit growth (estimated):** 7-9% annually (2025)

Tech Mahindra Limited is pursuing a multi-pronged growth strategy to strengthen its market position and explore new business opportunities. A key component of this strategy is an increased focus on digital transformation and innovative technologies such as Artificial Intelligence, 5G, and the Internet of Things (IoT).

The company is also investing in strategic partnerships and acquisitions to expand its capabilities in key areas and enter new markets. Another focus is on enhancing customer experience through tailored solutions and services that meet the specific needs of customers.

In addition, Tech Mahindra is committed to developing sustainable business models and promoting Environmental, Social, and Governance (ESG) initiatives to create long-term value for all stakeholders. This strategy is intended not only to drive growth but also to strengthen the company's resilience in a rapidly changing global market environment.

**Main Imported Raw Materials/Components:** Electronic components, IT hardware

**Main Supply Countries:** China, Taiwan, South Korea

Tech Mahindra Limited, a leading IT services company, mainly imports electronic components and IT hardware required for its IT infrastructure and services. These materials are essential for the development and maintenance of their technological solutions.

China, Taiwan, and South Korea are the main suppliers of these materials. These countries are known for their strong electronics and semiconductor industry, which can provide high-quality components at competitive prices. Importing from these countries enables Tech Mahindra to offer cost-effective and technologically advanced solutions.

**Market share in the IT services industry:** Approximately 3% (2024)

**Revenue growth:** 8.5% (2024)

**EBITDA margin:** 18% (2024)

Tech Mahindra Limited has a moderate competitive advantage in the IT services industry. The company benefits from its strong presence in the telecommunications and IT services sectors, supported by strategic partnerships and a broad customer base.

The 8.5% revenue growth in 2024 demonstrates that Tech Mahindra is able to strengthen its market position, despite intense competition in the industry. The 18% EBITDA margin indicates an efficient cost structure that helps the company remain profitable.

In addition, Tech Mahindra is investing in new technologies such as 5G, cloud computing, and artificial intelligence to diversify its services and differentiate itself from competitors. These investments are crucial to remain competitive in the long term.

**Institutional Investor Share:** approximately 40% (2025, estimated)
**Insider Buys/Sells:** No significant transactions in the last 12 months (2025, estimated)

The institutional investor share in Tech Mahindra Limited is around 40%. This demonstrates the confidence of large investors in the company's long-term strategy and performance.

Regarding insider transactions, there have been no significant buys or sells in the past year, indicating a stable assessment of the company's value by management. This stability can be seen as a positive signal for market participants.

**Market share of Tech Mahindra:** Estimated 3-4% (2025)

**Top competitors and their market shares:**
1. **Tata Consultancy Services (TCS):** 15-16%
2. **Infosys:** 12-13%
3. **Wipro:** 8-9%
4. **HCL Technologies:** 7-8%
5. **Cognizant:** 6-7%
6. **Tech Mahindra:** 3-4%
7. **Larsen & Toubro Infotech (LTI):** 2-3%
8. **Mindtree:** 2-3%
9. **Mphasis:** 1-2%
10. **Capgemini:** 1-2%

**Moat of Tech Mahindra:**

Tech Mahindra has a moderate moat, mainly characterized by its strong presence in the telecommunications industry and its specialized IT services. The company benefits from long-standing customer relationships and a diversified service offering, allowing it to compete in specific niche markets.

Compared to its larger competitors like TCS and Infosys, which have more extensive resources, a broader customer base, and a stronger global presence, Tech Mahindra's moat is less pronounced. These companies often have a stronger focus on innovation and digital transformation, giving them a competitive advantage.

In summary, Tech Mahindra is competitive in certain areas but has a lower strategic advantage compared to market leaders. To strengthen its moat, the company could focus more on investing in new technologies and markets in the future.

**Revenue Growth:** 10.5% (2024)
**Profit Growth:** 8.2% (2024)
**Market Share in the IT Sector:** 4.5% (2024)

Tech Mahindra Limited recorded a revenue growth of 10.5% in 2024, attributed to strong demand for IT services and digital transformation. The profit growth of 8.2% indicates that the company was able to increase its efficiency, despite margins being slightly under pressure.

The company has further solidified its market position in the global IT sector with a market share of 4.5%. This suggests that Tech Mahindra is capable of surviving and growing in a competitive market environment.

Furthermore, Tech Mahindra is continuously investing in new technologies and innovations, which could lead to additional growth opportunities in the long term. The strategic focus on digital services and automation is a positive indicator of future growth potential.

Overall, Tech Mahindra appears to be an attractive investment opportunity due to its solid financial performance and strategic initiatives, especially for investors interested in long-term growth prospects in the IT sector.

**Dividend Yield:** 3.2% (2025, estimated)
**Dividend History:** Regular payouts in the last 5 years

Tech Mahindra Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield for the year 2025 is estimated to be around 3.2%, based on past payouts and the current stock valuation.

The company has a solid dividend history and is known for maintaining its dividend policy even in economically challenging times. This indicates a reliable payout policy supported by stable earnings and a strong balance sheet. Analysts expect Tech Mahindra to continue its dividend policy unless significant market changes occur.