Tech Mahindra Ltd (TechM) is a provider of consulting, digital transformation, and business re-engineering services and solutions. The company offers services to communications, media and entertainment, manufacturing, banking, financial services, and insurance, healthcare, life sciences, retail, and consumer goods, energy and utilities, hi-tech, travel, transportation, hospitality and logistics, public sector and government, professional services, and oil and gas industries.

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The company’s R&D arm focuses on designing and building products to meet the customer requirements in various markets. It focuses on machine learning and AI, extended reality, IoT and robotics, blockchain, quantum computing, and design thinking. The company develops innovative, next-generation solutions in its Makers Lab. In FY2023, the company incurred expenses of INR181.5 million on its R&D, which as a percentage of revenue, stood at 0.03%.