Tech Mahindra Recognized as a Leader in HFS Horizons High-Tech Services 2024 Report

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced its recognition by business research consultancy firm HFS Research as a leader in the HFS Horizons: High-Tech Services 2024 report. This prestigious accolade underscores Tech Mahindra’s innovative leadership in the high-tech industry, particularly in the realms of generative AI (GenAI), 5G, and cloud.

The HFS Horizons report is a comprehensive evaluation highlighting the capabilities and strengths of service providers in the high-tech sector. Tech Mahindra was recognized for its commitment to driving transformative growth through connected experiences, leveraging cutting-edge technologies, and establishing a scalable ecosystem for its customers. The organization has made substantial investments in GenAI, semiconductor, 5G, and cloud solutions, with plans to enhance its capabilities over the next three years. These investments are designed to help customers navigate their digital transformation journeys more effectively.

Harshul Asnani, President Americas - Technology, Media, and Entertainment Business, Tech Mahindra, said, "Tech Mahindra's recognition as a leader in the 2024 HFS Horizons: High-Tech Service Providers report marks a significant milestone. It underscores our pioneering role in GenAI, 5G, and cloud, reflecting our unwavering commitment to driving digital transformation. Our strategic prowess and ability to synergize ecosystems affirm our leadership in the high-tech industry, setting new standards for innovation and value creation for customers to scale at speed."

A key differentiator for Tech Mahindra is its ability to build end-to-end digital customer experiences tailored to unique business and operational needs. This is exemplified by the company’s ‘Lab-in-a-Box’ solution, which enables co-innovation with customers and their supply chain partners. It facilitates the development, design, testing, and secure delivery of products to market, significantly enhancing the speed and efficiency of product launches. Additionally, Tech Mahindra’s innovative new age solutions have led to significant outcomes for its customers. For instance, Populii by Tech Mahindra is an enterprise gig platform that connects businesses with freelance talent to execute AI-driven projects. It offers rapid deployment, scalability, secure crowd participation, and access to high-quality data. The platform leverages crowdsourcing to accelerate innovation, cost-effective problem solving, and efficient task delegation for enterprises. With a global network of over 200,000 gig workers, Tech Mahindra effectively assists customers in training on foundational models throughout their lifecycle. This achievement highlights Tech Mahindra's ability to deliver tangible business benefits through its advanced technological solutions.

Joel Martin, Executive Research Leader, HFS Research, said, “Tech Mahindra’s leadership in high-tech services is attributed to its comprehensive service portfolio, proprietary solutions, strong value proposition, and extensive offerings across value creation levers. Their significant investments in R&D, technology, business, and experience services, along with their innovative proprietary solutions like CLOUDNXT.NOW and ADMSNXT.NOW, demonstrate their commitment to driving transformative growth and solving customer business problems through connected experiences and advanced technologies.”

Tech Mahindra’s CloudNXT.NOW provides a comprehensive set of services, solutions, and frameworks that help customers accelerate their cloud journey and become future-ready. TechM ADMSNXT.NOW, a robust platform, combines cutting-edge application development and maintenance services. Serving over 400 customers across more than 60 countries, the platform is powered by AI-driven automation. It offers domain-centric design, automated deployment and release, reverse engineering, and modernization services, among other capabilities. 

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For more information on how TechM can partner with you to meet your scale at speed imperatives, please visit https://www.techmahindra.com/

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