Tech Mahindra ranked No. 1

NEW DELHI, INDIA: Tech Mahindra, country’s 5th largest software exporter, has been ranked as India’s No.1 Telecom Software Service Provider by VOICE&DATA, India’s No.1 communications magazine. According to the 14th V&D100 Annual Survey conducted by the magazine, Tech Mahindra led the Rs. 25,152 crore Indian telecom software service market in 2008-09 with 17.7 percent  market share.

V&D100, which is considered to be a definitive ranking of the players in the Indian telecom services space, states that Tech Mahindra grew 19 percent to clock consolidated revenue of Rs.4464 crores for the year ending March 2009. The Voice & Data Annual awards are considered as the hallmark of the Indian Telecom & IT Industry. The awards are decided after extensive in-house research and analysis by Voice & Data and the research findings are published in the annual V&D 100 survey conducted by the publication.

On accepting the recognition, L. Ravichandran, Chief Operating Officer, Tech Mahindra Limited, said, “Indian businesses have been facing the impact of the global economic meltdown and mounting currency pressures across industries almost over the last one year. This recognition reinforces our leadership position in telecom outsourcing in the Indian IT space. I am delighted to note that the company overcame the hurdles through its relentless pursuit of long term, growth driven partnerships and dedicated focus on improving cost effectiveness through enhanced efficiencies and best practices. We will continue our efforts with renewed vigour to deliver unmatched value for our esteemed customers, stakeholders at large.”