Mahindra Satyam and Tech Mahindra are all set to speed up operations down under. The two companies who announced their merger in March will be paying special attention to Australian markets in the future. Australian telecommunications, mining and financial services markets are a big draw where the products and services of these two companies are concerned and hence the sudden interest.
12% of the company’s global business comes from Australia and with expansions to Sydney, Mahindra Group will be creating new jobs in the next couple of years. Australian revenues are at an all time high and have close to doubled in the past three years. Besides this, the company will also be tying up with various Australian universities to develop Centres of Excellence to include training programs at graduation level.
Mahindra Group also has R&D Centers at Singapore besides the one in India. Mahindra’s Satyam Australia unit plans to make acquisitions worth $50 to 100 million and become a $750 million company by 2015.