At Tech Mahindra AGM, Anand Mahindra calls AI a ‘genius child’, urges ethical innovation

At Tech Mahindra’ s Annual General Meeting (AGM) held on Thursday, Chairman Anand Mahindra outlined the company’s strategic approach to artificial intelligence (AI), calling for its responsible implementation and a focus on measurable outcomes as the ultimate test of its potential.

In an address to shareholders, Mahindra described AI as a transformative force - likening it to a “brilliant child prodigy born in a library,” with access to the entire world’s knowledge and an extraordinary capacity to collate and apply it. However, he stressed that such power must be guided and nurtured to unlock its full potential for the greater good of society.

“Your company also has an edge in the area of AI, which is reshaping businesses and society. At TechM, we have adopted AI not merely as a tool but as a powerful force,” Mahindra said.

He emphasised that Tech Mahindra’s competitive edge lies in its ability to blend deep technological expertise with ethical deployment, ensuring AI delivers real value to both clients and society.

Mahindra highlighted that responsible innovation and accountability-driven implementation would define AI’s next frontier, adding, “The true test of AI lies in its responsible use and its ability to generate tangible, measurable returns.”

Reinforcing the company’s core values, Mahindra said that the firm’s reliance on the twin pillars of trust and effective application of AI is a major contributory factor to the progress the company has made in garnering major logos.

He credited Tech Mahindra’s legacy of trust—built over decades through major milestones like the acquisition of Satyam Computers and long-standing global client partnerships—as key to its resilience in a volatile global environment.

“It is trust that enabled your company to make a success of its counterintuitive decision to acquire Satyam Computers. It is trust which has enabled your company to nurture and continue decades-long partnerships with eminent clients. And I am optimistic that trust will see us through the current shifting sands,” he said.

On the company’s performance, Mahindra said that Tech Mahindra has made steady progress against the FY27 plan. “Its promise of ‘Scale at Speed’ is resonating strongly with clients worldwide and is proving to be a solid foundation to build on. This is reflected in a recent third-party NPS survey, where your company is now in the top industry quartile.”

He attributed this progress to the effective execution of the firm’s “AI Delivered Right” strategy, which involves strengthening leadership in key domains, investing in talent, and building future-ready capabilities through partnerships with institutions like Mahindra University.

“We’ve laid the groundwork for transformation. Tech Mahindra is now ready to rise—with confidence, clarity, and cohesion,” Mahindra concluded.

Tech Mahindra posted a consolidated profit of ₹1,141 crore for the first quarter ended June 30, 2025, growing by 34% on a YoY basis. Revenue, however, grew marginally by 2.7% YoY to ₹13,351 crore.

On the operating front, EBIT stood at ₹1,477 crore, up 34.0% YoY, while the margin improved by 260 basis points to 11.1%.

As of June 30, 2025, total headcount stood at 1,48,517, an increase of 897 on a YoY basis. IT attrition over the last twelve months was 12.6%.