Tech Mahindra witnessed a surge of 10% in its shares following the unveiling of a three-year turnaround roadmap by CEO and MD Mohit Joshi. The plan aims to revitalize the IT services giant's business, targeting better revenue growth and margin improvement by FY27.
The turnaround will occur in phases, with FY25 focusing on organizational anchoring, investment in key areas, and cost optimization initiatives. Joshi's 'Vision 2027' emphasizes organizational restructuring and leveraging synergies within the Mahindra Group.