Tech Mahindra announced that it has bagged its largest smart city project worth ₹500 crore from Pimpri Chinchwad Municipal Corporation (PCMC).
Through this project, Tech Mahindra will engage with more than 15 lakh citizens of PCMC by enabling technology-led transformation to convert it into a smart and sustainable city, the company said.
It said the project will be executed in a period of one year for implementation, and the operations and maintenance for five years. The project has been budgeted under the Prime Minister's Smart City mission.
Sujit Baksi, Head APAC Business and President, Corporate Affairs, Tech Mahindra, said: "Our association with PCMC outlines Tech Mahindra's TechMNxt strategy to leverage new generation technologies to deliver an enhanced experience to our customers. It extends our vision of supporting the government's Smart Cities agenda to strengthen nation-building initiatives that will go a long way in building a robust five-trillion dollar Indian economy."
As part of its TechMNxt charter, Tech Mahindra is focused on leveraging next-generation technologies to cater to tue customer's evolving and dynamic needs, he said.
Tech Mahindra in its smart city portfolio also has projects Kanpur, Gandhinagar, Nashik and Jaipur.
He said the government’s business is a significant part of the company and apart from this, the company has other four verticals – telecom, captives, banking and finance and eCommerce – which garner 80-90 per cent of the company’s overall revenue.
“These five (verticals) are reasonably large contributors and bulk of the Tech Mahindra revenue come from them in India. Most of these businesses are digital...the complexity of the projects and the way they are shaped, has strong digital content. And, they are unlike others, is not a time in material kind of business...these are large complex projects,” Baksi said.
Going forward, he said the company is optimistic about similar projects because its key ‘strategy is to be very selective’.
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