Key takeaways
- Tech Mahindra is focusing on innovation and new service offerings, particularly in the metaverse sector.
- The company is developing capabilities in 5G, metaverse technology, and establishing Makers Labs at various locations.
- Currently, Tech Mahindra is working on 60 metaverse projects across different industries, including education and automotive.
- The metaverse has become one of Tech Mahindra's fastest growing practices, attracting a diverse customer base.
At the FY-23 Q1 earnings call, Tech Mahindra revealed that they are building a culture of innovation and new service offerings, like metaverse, along with aiding the delivery of differentiated and more futuristic solutions.
Tech Mahindra Chief C P Gurnani states that the company is taking bold steps in developing some new capabilities, including 5G, Metaverse and the Makers Lab, that they successfully set up at 8 different locations. He further adds that Tech Mahindra would continue to invest in data and AI labs alongside sports tech verticals with platforms such as Fan, NXT.NOW, netOps.ai, and others.
Shedding light on the metaverse projects, Gurnani tells Analytics India Magazine that it is currently working on 60 metaverse projects globally. Of these, 25 projects are involved in ed-tech, while the remaining are in retail, automotive dealer management, repair and maintenance of cars, and other industries.
“We have a different customer base, but it is one of our fastest growing practices”, says Gurnani.
