Tech Mahindra Limited — PPTs, 20-11-2025: Investor Presentation

Tech Mahindra aims for a significant turnaround by FY27, targeting profitable, sustainable growth above peers. FY27 goals include a 15% EBIT Margin and returning over 85% of Free Cash Flow.

**Business Performance:** Currently in its FY25 "Turnaround Phase," the company saw FY24 revenue dip -4.7% YoY (constant currency). However, large deal wins surged 57% in the last year, with accounts generating over $20 million growing faster than average.

**Growth Drivers or Strategy:** Strategy focuses on prioritized markets, balanced industry mix, and "Turbocharge" programs in sectors like BFSI and Healthcare. Operational excellence, including "Project Fortius" for cost savings, is key. Significant investment in AI is a core driver, including platform development and partnerships.

**Recent Developments:** TechM launched its Agentic AI platform, TechM Orion, in July 2025, and an AI model in 38 Indian languages. A comprehensive brand refresh was also completed, boosting market and social media engagement.

**Management Commentary / Outlook:** Management expects to complete the turnaround by FY27, with the next 12 months focusing on scaling high-growth service lines (Engineering, Cloud, Data & AI, Consulting) and continued investments in Consulting and Gen AI, alongside consistent cash returns to shareholders.