Indian IT services and consulting company Tech Mahindra announced that it was launching TechMVerse, a metaverse-related business to offer customers immersive experiences. The company wants to use its own AI, blockchain, AR/VR capabilities to build B2B use cases across segments. TechMVerse will begin with four main centres in Dallas, London, Pune and Hyderabad.
Tech Mahindra plans to use business opportunities offered by the metaverse such as the DealerVerse – the virtual car dealership, Meta Bank – the virtual bank, Middlemist – an NFT marketplace and a virtual gaming centre.
It will offer immersive digital and professional experience services around design, content, as well as low code plug and play Non-Fungible Tokens (NFT) and blockchain platforms while also aligning the metaverse strategy with Tech Mahindra’s digital and Environmental, Social, and Governance (ESG) goals.
“The fundamental layers of metaverse are very well integrated within Tech Mahindra and its competencies. From infrastructure to experience, from spatial computing to now commerce, Tech Mahindra’s platform, the TechMverse, would enable seamless integration between our known expertise in 5G with our skills in AI, AR/VR and blockchain,” CEO and MD CP Gurnani said. Gurnani added that Tech Mahindra plans to train 1000 engineers to work on this project.
Apart from this, the company will also offer collectables as a part of its partnership with Mahindra & Mahindra Ltd. on Tech Mahindra’s NFT marketplace.