Tech Miranda and Mahindra Satyam today announced a merger which will result in the creation of a new offshore services leader with revenues estimated at US$2.4bn, a 75,000+ strong work force and 350+ active clients across 54 countries.

The strategy of the combined companies will consist of a balanced mix of revenues from Telecom, Manufacturing, Technology, Media & Entertainment, Banking Financial Services and Insurance, Retail and Healthcare.

Commenting on the merger Mr. Anand G Mahindra, Chairman, Tech Mahindra said “This merger will help propel the combined entity into the top tier of Indian software and services companies, achieving the Group’s key objective of being in a leadership role in each of our focus business areas”.

Mr. Vineet Nayyar, Vice Chairman and Managing Director of Tech Mahindra and Chairman of Mahindra Satyam said “This merger is a key part of our strategy to deliver industry leading performance”.