“A Study of Financial Reports and Data of

TechMahindra”

Project Report
Submitted in Partial Fulfillment
For the award of
Master In Business Administration

Submitted By:
Riyaz Himani

Under the guidance of:

Bansi Patel
(Associate Professor)

Submitted To
Amity Global Business School, Ahmedabad
September 2019
Contents
1. INTRODUCTION OF THE COMPANY ............................................................................... 3
Mission And Vision Statement: .................................................................................................. 3
Products and offerings:................................................................................................................ 4
2. Balance Sheet of last 5 Years of Tech Mahindra: ................................................................... 6
3. Profit And Loss Account of Last 5 Years of Tech Mahindra:................................................. 8
1. INTRODUCTION OF THE COMPANY

Tech Mahindra represents the connected world, offering innovative and customer-centric
information technology experiences, enabling Enterprises, Associates and the Society to Rise™.
We are a USD 4.9 billion company with 125,700+ professionals across 90 countries, helping 941
global customers including Fortune 500 companies. Our convergent, digital, design experiences,
innovation platforms and reusable assets connect across a number of technologies to deliver
tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked
Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50
companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in
over 100 countries. The Group operates in the key industries that drive economic growth,
enjoying a leadership position in tractors, utility vehicles, after-market, information technology
and vacation ownership.

Mission And Vision Statement:

MISSION: “To be the global leader in Outsourcing Services to the Telecom industry, building
on our technologies, competencies and customer interests, and creating value for our
shareholders and customers.”

VISION: “To be the leading global software solutions provider to the Telecom industry.”

(Source: https://www.techmahindra.com/company/default.aspx)
Products and offerings:

1. ADMS Java & Open Source:

Our end-to-end service offerings help customers to improve business agility, enhance quality and
lower development and operational cost.

2. Consulting:

Our team of consultants with innovative strategies help customers transform their businesses,
processes and operations.

3. Customer eXperience:

Through our enterprise tools and consultative approach, we transform a company’s presence and
effectiveness in the domain.

4. Enterprise Architecture:

Spanning across verticals, our consulting and implementation solutions provide the best-of-
breed services.

5. PLATFORMS, ANALYTICS & CONNECTED ENTERPRISE SOLUTIONS:

As the global services partner of SAP, our solutions give our customers a competitive edge and
help optimize their investments.

6. Infrastructure Management Services:

Our IT infrastructure solutions support the most complex environments for leading global
organizations.

7. Integrated Engineering Solutions:

Our solutions include product engineering, design and manufacturing for leading global product
manufacturers.

8. Mobility Solutions:

Our innovative and cost-effective solutions address the end-to-end mobility needs of our
customers.

9. Networks:
We offer network lifecycle services such as network design, planning, deployment, etc. to
deliver voice, video and data services.

10. Performance Engineering:

Our Performance Engineering team ensures that all non-functional testing needs, such as
response time, SLAs, etc. are addressed.

11. Product Lifecycle Management:

Our end-to-end service offerings help customers better manage the product lifecycle and focus
on new efficient products and services.

12. Enterprise Security & Risk Management:

Our Security consulting and end-to-end managed enterprise security solutions help organizations
across all verticals to assess their security posture and remediate potential cyber threats to
achieve robust security health.

13. Testing:

We offer a one-stop-shop for testing services that reduces risk of failure, ensures quick
turnaround time and supports global rollout.

(Source: https://www.techmahindra.com/services/default.aspx)
2. Balance Sheet of last 5 Years of Tech Mahindra:

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Mar 19 Mar 18 Mar 17 Mar 16 Mar 15

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 491.70 489.70 486.80 483.90 480.40
Total Share Capital 491.70 489.70 486.80 483.90 480.40
Reserves and Surplus 20,153.70 19,051.40 16,403.40 13,068.30 10,775.40
Total Reserves and Surplus 20,153.70 19,051.40 16,403.40 13,068.30 10,775.40
Total Shareholders Funds 20,645.40 19,541.10 16,890.20 13,552.20 11,255.80
Equity Share Application Money 2.00 0.00 0.00 1.40 0.30
Share Capital Suspense 1,230.40 0.00 0.00 1,230.40 1,230.40
NON-CURRENT LIABILITIES
Long Term Borrowings 4.30 145.00 174.20 170.90 0.00
Other Long Term Liabilities 203.20 461.20 359.10 0.00 0.00
Long Term Provisions 410.00 395.40 384.00 346.60 329.30
Total Non-Current Liabilities 617.50 1,001.60 917.30 517.50 329.30
CURRENT LIABILITIES
Trade Payables 2,888.00 2,031.40 2,211.20 2,183.70 1,833.10
Other Current Liabilities 4,756.60 3,986.50 3,478.30 1,015.30 890.30
Short Term Provisions 199.70 238.20 235.80 2,149.40 1,477.30
Total Current Liabilities 7,844.30 6,256.10 5,925.30 5,348.40 4,200.70
Total Capital And Liabilities 30,339.60 26,798.80 23,732.80 20,649.90 17,016.50
ASSETS
NON-CURRENT ASSETS
Tangible Assets 1,901.90 2,237.90 2,427.60 2,256.90 1,948.50
Intangible Assets 769.50 863.60 25.10 22.80 32.50
Capital Work-In-Progress 271.30 235.40 361.80 627.50 551.10
Other Assets 114.10 128.90 45.50 0.00 0.00
Fixed Assets 3,056.80 3,465.80 2,860.00 2,907.20 2,532.10
Non-Current Investments 6,628.70 6,865.00 5,747.60 3,796.30 3,630.90
Deferred Tax Assets [Net] 218.20 275.00 24.90 385.70 288.00
Long Term Loans And Advances 0.00 0.00 74.40 1,260.60 1,076.50
Other Non-Current Assets 2,519.00 1,852.30 1,897.00 26.50 0.10
Total Non-Current Assets 12,422.70 12,458.10 10,603.90 8,376.30 7,527.60
CURRENT ASSETS
Current Investments 6,332.00 3,243.10 1,968.80 1,049.00 456.80
Trade Receivables 5,963.30 5,070.00 4,571.70 5,154.40 4,240.80
Cash And Cash Equivalents 1,208.50 1,929.30 2,083.90 3,284.80 1,819.50
Short Term Loans And Advances 6.80 350.90 517.40 1,556.30 1,745.20
OtherCurrentAssets 4,406.30 3,747.40 3,987.10 1,229.10 1,226.60
Total Current Assets 17,916.90 14,340.70 13,102.40 12,273.60 9,488.90
Total Assets 30,339.60 26,798.80 23,732.80 20,649.90 17,016.50
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities 7,329.90 12,467.80 11,996.60 2,980.00 6,390.60
CIF VALUE OF IMPORTS
Stores, Spares And Loose Tools 0.00 0.00 0.00 45.10 22.30
Capital Goods 0.00 0.00 0.00 80.50 209.80
EXPENDITURE IN FOREIGN EXCHANGE
Expenditure In Foreign Currency 15,021.80 13,267.60 0.00 11,755.20 10,365.30
REMITTANCES IN FOREIGN CURRENCIES FOR
DIVIDENDS
Dividend Remittance In Foreign Currency - - - 0.30 0.20
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods - 22,501.60 - 19,990.30 18,366.90
Other Earnings 25,495.80 - - 351.40 18.70
BONUS DETAILS
Bonus Equity Share Capital 345.50 345.51 345.51 345.51 345.51
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market
- - - 39.20 44.70
Value
Non-Current Investments Unquoted Book
5,944.40 4,617.80 5,563.60 3,992.80 4,188.00
Value
CURRENT INVESTMENTS
Current Investments Quoted Market Value - - - - -
Current Investments Unquoted Book Value 6,332.00 3,243.10 1,968.80 1,059.90 467.70

(Source: https://www.moneycontrol.com/stocks/company_info/print_main.php)
3. Profit And Loss Account of Last 5 Years of Tech Mahindra:

Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------

Mar 19 Mar 18 Mar 17 Mar 16 Mar 15

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
Revenue From Operations [Gross] 27,219.60 23,661.20 23,165.40 20,969.80 19,162.70
Revenue From Operations [Net] 27,219.60 23,661.20 23,165.40 20,969.80 19,162.70
Total Operating Revenues 27,219.60 23,661.20 23,165.40 20,969.80 19,162.70
Other Income 960.10 1,730.70 892.90 1,108.40 124.50
Total Revenue 28,179.70 25,391.90 24,058.30 22,078.20 19,287.20
EXPENSES
Operating And Direct Expenses 10,257.00 9,012.90 8,756.90 594.00 6,910.70
Employee Benefit Expenses 8,444.00 8,106.50 7,744.40 7,410.10 7,201.20
Finance Costs 43.10 70.80 63.80 53.30 8.60
Depreciation And Amortisation Expenses 658.70 656.20 622.20 545.50 473.30
Other Expenses 3,349.60 2,639.00 2,992.30 9,552.00 1,824.20
Total Expenses 22,752.40 20,485.40 20,179.60 18,154.90 16,418.00
Mar 19 Mar 18 Mar 17 Mar 16 Mar 15

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

5,427.30 4,906.50 3,878.70 3,923.30 2,869.20
ExtraOrdinary Items And Tax
Exceptional Items 0.00 0.00 0.00 0.00 61.30
Profit/Loss Before Tax 5,427.30 4,906.50 3,878.70 3,923.30 2,930.50
Tax Expenses-Continued Operations
Current Tax 1,065.20 931.60 723.00 794.10 648.70
Deferred Tax -18.30 -24.40 108.40 -90.80 25.60
Total Tax Expenses 1,046.90 907.20 831.40 703.30 674.30
Profit/Loss After Tax And Before
4,380.40 3,999.30 3,047.30 3,220.00 2,256.20
ExtraOrdinary Items
Profit/Loss From Continuing Operations 4,380.40 3,999.30 3,047.30 3,220.00 2,256.20
Profit/Loss For The Period 4,380.40 3,999.30 3,047.30 3,220.00 2,256.20
Mar 19 Mar 18 Mar 17 Mar 16 Mar 15

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE
Basic EPS (Rs.) 44.58 40.84 31.37 33.40 23.58
Diluted EPS (Rs.) 43.93 40.53 30.94 32.71 22.96
VALUE OF IMPORTED AND INDIGENIOUS RAW
MATERIALS
STORES, SPARES AND LOOSE TOOLS
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend 1,376.70 1,036.10 1,378.70 1,162.10 579.30
Tax On Dividend 264.40 0.00 0.00 236.40 117.80
Equity Dividend Rate (%) 280.00 280.00 180.00 240.00 120.00

(Source: https://www.moneycontrol.com/stocks/company_info/print_main.php)