TechMahindra is planning for the future and making sure that its employees are a part of its efforts to be future-ready. Recognising the importance of investing in cybersecurity, quantum computing, and artificial intelligence (AI) to provide cutting-edge solutions and services to its valued customers, the company is training 8,000 of its employees in these technologies.
Predicting the demand for and need for generative AI and quantum computing solutions, the company has decided to invest in its employees’ learning and development so that they can be upskilled and reskilled.
Tech Mahindra is considering focusing on industries such as healthcare, manufacturing, retail, and banking, financial services, and insurance (BFSI), particularly in the United States. It also recognises the importance of AI in driving growth. This necessitates the development of an internal talent pool that not only possesses the necessary skills but also the much-needed resilience to survive and excel in the face of advancing technologies.
Tech Mahindra’s net profit fell 38% year on year in the June quarter, according to reports. The company recently announced that it would postpone raises for some of its senior employees by a quarter due to lower profits and EBIT margins. EBIT margins had apparently fallen 1.3% because the company had granted raises to the majority of its workforce in the first quarter that ended 30 June 2023.