core sector communique

Indian Software Giant Mahindra Satyam poised to treble employee strength in China by 2015 Mahindra Satyam, a leading global consulting and IT services provider, will treble its employee (associate) strength in China to 1,500 by 2015 as part of strategic focus on the Engineering/Manufacturing and Telecom sectors, while using China as a base to serve its global clients. Mahindra Satyam and Tech Mahindra together have Global Delivery Centres in Shanghai and Nanjing. Mahindra Satyam had set up operations in China in 2002, among the first of the Indian IT majors to do so. “China will be a critical pillar of our regional and global strategy. The region will increase its revenue contribution from 24% currently in view of the size of Chinese economy and specific opportunities which we have identified,” Mr. Rohit Gandhi, Senior Vice President - Asia-Pacific, India, Middle East and Africa, Mahindra Satyam announced at the World Economic Forum in Tianjin. China’s telecom sector has yet to experience the transformation which unifies fixed-line, mobile and data services into a seamless offering. Mahindra Satyam/Tech Mahindra have helped global and regional telecom giants such as British Telecom achieve this transformation in front-end customer interface and back-end integration and billing, and are keen to help Chinese telecom companies in this aspect. “Chinese universities are producing a high number of quality engineers each year. We are impressed by the level of skills, expertise and the willingness to learn – qualities we will build upon as we expand our operations in China. There exists a great opportunity to combine the software capabilities of India and manufacturing excellence of China to herald a new chapter in the economic transformation of Asia. Mahindra Satyam wants to be part of that transformation, focusing on very specific verticals such as manufacturing, engineering and telecom,” said Mr. Amitava Ghosh, Vice President and Head, North Asia. Mahindra Satyam. Mr. Gandhi, who is based at the regional headquarters in Singapore, said that Mahindra Satyam will also explore strategic alliances and partnerships with Chinese companies to leapfrog its growth within China and to increase its near-shoring support of Japanese clients. About 1,500 global political and corporate leaders are gathered in Tianjin for the September 11-13 World Economic Forum to share their views on “Creating The Future Economy”. About The Mahindra Group The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company. About Mahindra Satyam Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business processes, engineering and product lifecycle management, infrastructure services, among other services. The company has development and delivery centres in the United States of America, Canada, Brazil, the United Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, and Australia and serves numerous clients, including many Fortune 500 organizations. Mahindra Satyam is part of the USD 15.4 billion Mahindra Group. The Mahindra Group employs more than 144,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.