Australia’s telecommunications, mining and financial services markets have proven to be a key lure for India’s Mahindra Satyam and Tech Mahindra to significantly ramp up their local operations.
In March, Mahindra Satyam and Tech Mahindra announced the finalisation of the merger between the two companies. 12% of global revenue comes from Australian shores, and the combined companies operate in every State bar South Australia.
The newly merged entity has committed to the Australian market with the expansion of its Sydney based headquarters, pledging to create hundreds of new jobs over the next three to five years.
The head of Mahindra Satyam Australia & NZ Venki Prathivadi said that Australian revenues had doubled in the last three years.
“Australia is very important strategically for us. Our commitment will not just be financial it will be intellectual as well,” Prathivadi said. He revealed that talks were underway with a number of Australian universities to develop Centres of Excellence which would include developing new IP and training undergrads to work in the Australian operations.
He added that the group views Australia as a seed market for some of the emerging work they are doing in the area of data analytics. “Some of the things that we are doing here, we are developing here and taking t to the rest of the world,” he said.
The company has R&D development centres in India and Singapore. “We are very focussed on the new IT networks, mobility and social media and analytics and security and Australia has always proven to be a good early adopter for these emerging areas,” he said.
He added that Sydney was selected for the expansion due to the amount of NSW based customers, including Vodafone and Optus and its proximity to the ACT and emerging public sector opportunities.