Tech Mahindra accelerates Growth, Innovation and Business Transformation
Tech Mahindra continued to demonstrate strong business momentum, disciplined execution and progress towards its FY27 objectives. Guided by its three-year transformation roadmap, the company is strengthening its focus on sustainable growth, operational excellence, talent and differentiated technology capabilities.
In Q1 FY27, Tech Mahindra reported revenue of USD 1.66 billion, growing 2.6% quarter-on-quarter and 6.6% year-on-year in constant currency. EBIT margin expanded to 14.4%, an improvement of approximately 330 basis points year-on-year and within reach of the company’s FY27 target of 15%. New deal wins reached USD 1.078 billion, up 33.3% year-on-year, marking the third consecutive quarter of deal wins exceeding USD 1 billion.
The company’s growth was broad-based, with all industry verticals registering year-on-year growth. Tech Mahindra also expanded its USD 50-million-plus client base by seven, reflecting deeper customer relationships and the growing relevance of its offerings.
In Q2 FY27, Tech Mahindra announced multiple partnerships on AI for sectors like Healthcare, Manufacturing, Telecom, and at the global enterprise level. It also launched its Consumer Agentic Experience Studio (CAX Studio) and Engineering Experience Centre in Hyderabad. Globally, Tech Mahindra launched its innovation Hub in Canada to Accelerate AI-led enterprise transformation. Marking its next phase of brand transformation the company also unveiled its Sonic Identity translating its “Scale at Speed” brand promise into a distinctive sound experience.
Tech Mahindra’s commitment to responsible and sustainable growth also received global recognition. The company was named one of TIME’s World’s Most Sustainable Companies of 2026 and ranked #1 among Indian companies. It also received an EcoVadis Gold Sustainability rating, with a score of 86 and placement in the 98th percentile and was recognised among the Most Innovative Organisations by ET Edge.
As Tech Mahindra progresses towards its FY27 goals, it remains committed to delivering transformative scale at unparalleled speed through innovation, operational rigour and the collective strength of its people.