![The Brief: Can TechM ‘Scale At Speed’?](https://images.assettype.com/fortuneindia%2F2024-05%2F913a67d1-8f0b-411d-9f08-f68041904476%2FBrief_Lead_Tech_Mahindra_01.jpg?rect=0,164,2602,1301&w=300&q=95)
The Brief: Can TechM ‘Scale At Speed’?
New CEO Mohit Joshi has an uphill battle to achieve the three-year turnaround plan.
New CEO Mohit Joshi has an uphill battle to achieve the three-year turnaround plan.
The overall hiring index experienced a rise from 276 in March 2024 to 300 in April 2024, marking a 9% increase from the previous year.
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Mumbai-based Mastek to provide services in solution, enterprise & tech architecture, data, and innovation to the UK MoD’s DIPS framework
The Indian IT sector's spending is forecasted to hit $138.9 billion in 2024, up from $122.6 billion the previous year, marking a robust growth rate of 13.2%
Fortune India and CIEL HR identify the ‘Future-ready Workplaces’ in India Inc. for 2024.
At a time when big IT services companies are struggling, the agility of mid- and small-cap firms is giving them an edge.
In the December quarter, the company’s revenue from operations surged 12.3% YoY to ₹2,421.8 crore, as against ₹2,157 crore in the same period last year.
Sequentially, the profit declined 28.7% as against ₹692.5 crore in the June quarter.