History of Tech Mahindra Ltd.

YEAR EVENTS 2000 - Mahindra-British Telecom, a 60:40 joint venture between the Mahindra group & British Telecom, shareholders approved a proposal to raise funds through an initial public offer & an employee stock option plan.

- The Comp. proposes to raise funds through an initial public offer.

- The Comp. & Silicon Automation Systems Ltd [SASLs] has forged a strategic alliance to develop solutions & product markets using the wireless application protocol [WAPs].

- The Company IPO is proposed to be of 53,18,633 No. of equity shares with a face value of Rs 2 each, at a price to be determined in accordance with SEBI guidelines for fully book-built route.

2001 - Mahindra-British Telecom & the US-based Rockwell Electronic Commerce have entered into a 5-year strategic alliance & set-up a offshore software development centre in the city involving total capital cost of $4.5 million. - Software firm Mahindra-British Telecom plans to lay off 300 employees, or about a tenth of its workforce, a Comp. spokesman told Reuters on September 25.

2004

-Gets Intellectual Property Rights [IPRs] for optical planning & design solution that formed part of Marconi Netscient Software product suite - a trademark brand acquired by Marconi in 2001

-Mahindra British Telecom [MBTs], the telecom software joint venture between the Mahindra Group & British Telecommunications Plc [BTs] has announced the appointment of Premchand as chairman of TeleManagement Forum New Generation Operations Systems & Software [NGOSSs] Security Team.

-Mahindra British Telecom [MBTs] has signed a solutions partner agreement with UK-based Cramer, a major player in inventory-powered back office automation for telecom service providers

-MBT has joined three International Systems Security Engineering Association [ISSEAs] as its corporate member

-Mahindra British Telecom [MBTs], the IT services provider to the telecom industry, has signed a global partnership agreement with Netegrity , provider of identity & access management solutions

2005

-MBT launches new software for language conversion

-Cyclone Commerce join hands with MBT

2006

-Tech Mahindra IPO shares will be priced between Rs 315 & Rs 365 a share. The offer will open on August 1 & close on August 4. The Comp. plans to raise up to Rs 465 crore through the issue, which offers 12.75 crore shares for sale. The Comp. had reached critical mass & it had decided that the time was right for offer.

-The initial public offering [IPOs] of Tech Mahindra, a joint venture between Mahindra & Mahindra Ltd & British Telecommunications PLC, was subscribed 1.26 times on the first day of issue.

-Motorola joins hand with Tech Mahindra to form CanvasM

2007

- Tech Mahindra Ltd has announced their participation in Microsoft Connected Services Sandbox, a new program that brings together systems integrators [SIss], independent software vendors [ISVss], developers, network equipment providers, & telecommunications service providers in a collaborative environment to develop & test new communications services.

- Tech Mahindra Ltd has won a prestigious award for its outstanding contribution, achievements in the telecoms industry & for continued support to the OSS / BSS community. The award was announced by Tolestrategies on April 25, 2007 on as a part of Billing and OSS World 2007 conference in Chicago.

2008

-Tech Mahindra Ltd has appointed Mr. M Damodaran as an additional Director of Comp. in the category of Non Executive Independent Director by Board of Directors of Comp. at their meeting held on July 22, 2008.

2009

- Tech Mahindra Ltd has appointed Mr. Ravindra Kulkarni & Mr. B H Wani as Additional Directors of Comp. in the category of 'Non Executive Independent Director' by Board of Directors of Comp. on March 30, 2009.