TechM invests $100 m to drive innovation.

CP Gurnani, Managing Director and Chief Executive Officer of Tech Mahindra, talks about the importance of IT behemoths to have the agility of a start-up. Walking the talk, he is driving innovation and entrepreneurship within the firm.

The company has invested $100 million in the last few months on an initiative at its sprawling Bahadurpally facility on the outskirts of the city to set up labs.

'It has got three arms. While the i5 Labs focuses on the internal talent by encouraging employees to come up with creative ideas, Solution Scape works on building different solutions for different sectors such as banks, oil and gas,' Gurnani, who was here for an event at the labs recently, told BusinessLine.

The third component is Co-Create that lets employees, partners and customers to co-build products and solutions. Co-building products with partners and customers would help solve the pressing problems quickly, he said. 'We have put in $100 million this year to build the physical infrastructure, platforms and intellectual property at the facility,' he said.


HBL