Tech Mahindra Ltd.

Tech Mahindra through its wholly owned subsidiary -- vCustomer Philippines Inc. has approved the acquisition of 100% equity shares in Orchid Cybertech Services, Inc, (OCSI) on February 20, 2024 and executed the relevant transaction documents.

OCSI provides Customer experience related services to TPG Telecom. Tech Mahindra has long standing relationship with TPG Telecom (TPG). This deal further strengthens the relationship with TPG and aids in expanding existing customer experience capabilities and business in the Philippines. Acquisition of OCSI will facilitate this transition and enable incremental revenue to be realized. As part of this transaction OCSI, including its assets and employees, will become part of Tech Mahindra and Tech Mahindra will provide customer support and other services to TPG. The cost of acquisition is AUD 5 Million.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.