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Tech Mahindra Eyes 50 Percent Revenue From Digital Business

Tech Mahindra Eyes 50 Percent Revenue From Digital Business

IT services major Tech Mahindra has announced that it is mulling 50 per cent revenue share from digital business as it has trained 70 per cent of its workforce in the digital domain.

The firm in this regard has partnered with Future Skills, a NASSCOM initiative to boost the reskilling of employees.

“We, at Tech Mahindra believe that successful digital transformation lies in ‘disrupting one’s own business before others do’. As part of our TechMNxt charter, we are investing heavily in reskilling employees in next-generation technologies like Blockchain, Cybersecurity, Artificial Intelligence (AI), Machine Learning (ML), Robotics, and Automation, and 5G,’’ said Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra.

‘’Our partnership with NASSCOM has majorly aided this digital transformation journey aimed at reskilling associates in the organization, to make them ‘Digital Savvy’. In the near future, we are targeting at least 50% revenue share from digital businesses while continuing our growth trajectory of around 30% YoY,’’ added Mitra.

FutureSkills is backed by Edcast, an organisation in Silicon Valley aimed at personalised learning.

Tech Mahindra has also established a Centre of Excellence which motivates its employees to tailor solutions running on Blockchain technology. The IT firm is also infusing money in other programs to drive skilling on next-generation technologies.

“As technology permeates through various industries, capacity building and skill development of our workforce will play a crucial role in driving economic competitiveness in the future. Companies today are prepared for the next wave of growth as reskilling, AI, automation, blockchain, and digital solutions emerge as the future drivers of the industry,’’ said Amit Aggarwal, VP and CEO, IT- ITeS Sector Skill Council, NASSCOM.

‘’Also, with greater impetus by the Government for new age technologies, it is imperative that we equip the industry workforce to deal with futuristic technologies to drive innovation and spearhead the broad structural transformation of the economy,’’ added Aggarwal.