Industry Profile: India’s IT industry is expected to reach $300 Billion by 2020. The sector contributed 9.5% of the Indian GDP. TCS, the leader in Indian IT, Contributed 10.2% of the industry. Indian IT is the largest sourcing destination for Information technology, accounting for 67% of global IT, giving employment to nearly 10 million workforces. This industry changed the perception of India by transforming the economy of India. The sector is a big reason for the development of the Education sector in India.
Out of the four segments of the IT Industry, software and BPO dominate the segment. There is not much hardware-related business in India.
Due to this, start-ups like ola, Snapdeal, and Flipkart developed and grew in India, creating new employment opportunities.
Company Profile: The company started as a Joint venture between British Telecom and Mahindra and Mahindra in 1986. The company is the provider of IT solutions, BPO, and Networking Technology to mainly the Telecom sector. After 2000 company expanded its footprint by acquiring various global leaders like Satyam. Today the company has a presence in more than 50 countries and more than 500 clients.
Shareholding Pattern: BSE Data
Financials and Ratios : [table id=59 /]
Future Prospect: IT is a business you can’t ignore, and tech Mahindra is one where telecommunications is one crucial contributor going from a bad patch. But that is the reason why the stock will be available at a reasonable price. So if your view is for the long term, then no problem to buy.
