Tech Mahindra Ltd

The provided pages of the Tech Mahindra Limited report do not contain any information or mention regarding current or future fundraising plans through debt or equity. The focus of the discussion primarily revolves around business performance, deal wins, growth prospects across verticals, margin expansion, productivity measures, and strategic outlook up to FY27 and beyond. There is no reference to plans for raising capital through debt or equity instruments as of the date of the report (January 16, 2026).

The provided pages from the Tech Mahindra Limited report (dated January 16, 2026) do not explicitly mention current or future capex, capital investments, or strategic investments in detail. However, here are some relevant points related to investments and capabilities: - Focus on building scalable platforms and investing in the right capabilities to strengthen business fundamentals (Page 20). - Creation of capability sets in verticals like Manufacturing, Retail, BFSI, and Telecom for long-term growth (Page 20). - Continued hiring of exceptional quality talent to build capabilities, especially in BFSI (Page 20). - Investing in new software infrastructure to improve talent visibility and redeployment for fixed-price projects boosting margins (Page 9). - Building AI-infused service offerings and revising pricing models to include digital labor, indicating investment in AI technologies (Page 9). No explicit mention of capital expenditure plans or strategic investments was detailed on the reviewed pages.

- Tech Mahindra aims for long-term growth across all verticals, not just next year. - Strong growth opportunities expected in Manufacturing, Retail, CPG, Travel, Transportation, and Logistics segments. - BFSI vertical expected to be a medium to long-term growth driver as capabilities and talent ramp up. - Manufacturing poised for medium to long-term growth with strengths in aerospace, smart factory, and digital transformation. - Communications vertical expected to grow, supported by large deal wins and consolidation opportunities in Europe and Asia. - Large deal pipeline remains strong and is expected to sustain momentum through FY27. - Revenue growth trajectory targeting high single-digit growth in FY27. - Focus on scaling large $20 million+ clients that are growing faster than the company average. - Strategic investments in AI, data, and design-led capabilities to bolster future sales growth.

- Tech Mahindra aims to grow across verticals with strong focus on Manufacturing, Retail, CPG, Travel, Transportation, Logistics, and BFSI sectors as medium-to-long-term growth drivers. - Expectation to achieve and sustain high single-digit revenue growth by FY27, supported by large deal wins and increasing large client revenues. - Operating margins are targeted to reach around 15% by FY27 with continued margin expansion driven primarily by gross margin improvements and productivity programs. - Large deal wins, especially in telecom and BFSI, provide strong revenue visibility, supporting sustained top-line growth. - Wage hike cycle under review due to new labor code, details to be finalized later. - Overall, confident in delivering attractive and credible growth while maintaining pricing discipline and cost controls.

- Tech Mahindra reported strong deal bookings over the last four quarters, with total deal wins in the recent quarter standing at $1,096 million, reflecting a nearly 48% growth on a last 12-month basis. - The last twelve months (LTM) deal bookings totaled approximately $3.5 billion. - Large deal wins, such as a significant $500 million net new telecom deal in Europe, are expected to drive growth, with ramp-up beginning early in FY27. - The deal pipeline remains strong and healthy, although deal wins can be lumpy quarter-to-quarter. - Management expressed confidence in sustaining or improving deal win momentum, supporting revenue growth targets for FY27 and beyond. - Vendor consolidation trends, especially in telecom and BFSI, provide incremental deal opportunities. - The growth strategy is focused on expanding within existing large clients and penetrating new accounts, indicating a robust order book for the medium to long term.