Tech Mahindra Accelerates Growth with New Consulting and GCC Units

Tech Mahindra is taking aggressive steps in its growth strategy by capitalizing on the thriving Global Capability Centre (GCC) ecosystem in India. As part of its three-year "Project Fortius," the IT major is partnering with Goodyear Tire & Rubber Co. to set up a world-class GCC in Hyderabad. The project will generate close to 3,000 jobs in R&D and IT operations, reflecting Tech Mahindra's focus on driving innovation and employment.

Key Highlights:

Strategic Emphasis on GCCs: The new GCC will consolidate Goodyear's worldwide R&D and IT functions, mirroring Tech Mahindra's shift towards in-house tech centers for global customers.

Employment Generation: The project is in line with India's expanding GCC ecosystem, which already accommodates more than 1,700 centers, and will make a significant contribution to employment generation.

CEO Mohit Joshi’s Vision: Since joining in 2023, Joshi has prioritized organic growth and operational efficiency, aiming for a 15% operating margin by FY27.

India’s GCC Boom: Hyderabad emerges as a hotspot for GCCs, second only to Bengaluru, thanks to its skilled workforce and cost advantages.

This move underscores Tech Mahindra’s role as a key player in India’s IT transformation while positioning itself as a preferred partner for global enterprises.

Source: Outlook Business