Tech Mahindra in talks for offering IT services in Saudi Arabia
Singapore: Tech Mahindra Ltd is in talks with Saudi Arabia for offering customer-centric IT services in the banking and financial sectors.
"We should see a strategic alliance happen three months down the line," Rohit Gandhi, Tech Mahindra's senior vice president for Asia Pacific, India and the Middle East and Africa region, said.
Strategic partnerships were always good and helps in scaling of the business, he said observing the government-led high growth potential in Saudi Arabia.
He said the discussions were going on with a number of private sector groups in the Arab nation.
The India-owned and globally spread out Tech Mahindra would participate in major IT services covering banking and financial sectors in the Kingdom.
Tech Mahindra is also working on plans to secure projects in New Zealand and would provide its information technology services in the coming months.
Investment into New Zealand was picking up, he observed, pointing out that Tech Mahindra would start off by serving projects undertaken by the government as well as banking and financial sector.
With operations in all major cities, Australia has turned out to be the company's new launch pad for providing engineering services to resource mining businesses in Africa and Indonesia, Gandhi said.
In addition to servicing the banking and financial sector as well as making out strategy for government projects, Tech Mahindra was already providing engineering services to a number of projects in the Australian resource sector.
These resource projects in Australia have become a model for the group to undertake similar assignments in Africa and Indonesia.
Similarly, Tech Mahindra has grown its engineering services specific to demand automobile demand in China and Japan.
Elsewhere, Tech Mahindra was on an aggressive expansion plans from its international headquarters in Singapore, which covers global markets.
The company was forecasting 40 percent annual growth from the main markets of the Association of South East Asian Nations (ASEAN) bloc.
The growth would come from Singapore, Malaysia, Indonesia and Vietnam, said Ram Ramachandran, vice president and head of ASEAN businesses.
Tech Mahindra has also been expanding businesses in Sri Lanka and Bangladesh and monitoring business developments in Myanmar and Thailand.
The executives have also described the high potential of building business in Africa especially in mobile technology and banking linked mobile payments.
Tech Mahindra has grown into a USD 2.9 billion company with more than 87,300 employees in 49 countries.