Tech Mahindra to invest Rs 700 crore in products and platforms division in two years

IT services company Tech Mahindra on Friday said it will invest up to Rs 700 crore in its new division of products and platforms in the next two years.

The Mahindra group company is present in the products and platforms business with the acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of $450 million, company’s chief executive and managing director C P Gurnani said.