April 13, 2019, marks the 10th anniversary of considered one of the biggest activities within the corporate records of India – the purchase of Satyam by way of Tech Mahindra. Before the acquisition, Tech Mahindra became a spot participant that derived one hundred% of its revenues from the telecom vertical. On the opposite hand, Satyam has become the fourth largest Indian IT services employer in terms of sales, indexed in both the Indian and US stock exchanges. It had over 50,000 employees with operations in 66 nations and counted 185 Fortune 500 companies as customers.
Tech Mahindra and its figure company – the Mahindra Group, noticed the acquisition of Satyam as a strategic opportunity to move to the following stage of boom. The acquisition might allow the Group to diversify throughout verticals, clients, and geographies, marketplace a wide variety of offerings to Satyam’s strong customer base.
Termed as a truly bold try – no longer simply in the scale and size, but also in dealing with expectancies – of the traders, clients, and personnel. The daunting task was made possible with Tech Mahindra’s decisive management. The merger puts forth some terrific training which maximum new-age businesses can imbibe to show around any adverse state of affairs and make the most of this kind of conditions:
Risk-Taking Capabilities:- “If you dare not do anything, you gain nothing,” each enterprise pursuits for regular profits and margins, however for long-term profitability, one desires to look beyond natural boom possibilities, i.E. Obtaining/investing in new business possibilities. This will help in staying applicable to this all the time in the evolving market.
Humane approach: Mergers and Acquisitions (M & M&As) is a disturbing/attempting affair for not simply the control but also the personnel and different stakeholders. Motivating employees to a commonplace reason is one of the key priority areas.
Building agrees with:- Collective decision making by way of building acceptance as true with amongst numerous inner stakeholders holds the key to achievement, in the course of any M&A eventualities. Therefore, it is beneficial to maintain all of them up to date approximately your movements.
Retaining & nurturing Talent:- Your employees are your largest asset. Invest in their education and talent-constructing so that they churn out the first-class-in-magnificence answers to your clients’ problems. Implement worker joins programs to cope with all their grievances and applaud their difficult work.
Client communique and identifying possibilities that assist you to construct scale:- Connect with the existing clients and provide them the warranty they want – how you will keep serving all of your customers. Use your know-how and talents to win their valuable vote of belief and loyalty. In some instances, it can even get you greater leads.
Preserving shareholder fee: The objective of any hit management is to boom income, income, and loose coins waft, which translates into multiplied dividends and capital profits for its equity proprietors. Never lose sight of the equal.
Transparency:- Keeping the verbal exchange clean and crisp allows because it curbs rumors and dispels doubts related to any particular company circulate by the management.
Embracing the alternate:- Change is the only constant, whether it’s far approximately adopting new technologies, new manufacturing strategies, or incorporating new policies, be organized to stand the trade and adapt with the changing times.
Corporate Governance & corrective moves:- Identify and overview key processes to determine the regions that need immediate management attention. Address the same by incorporating important tests and balances like new rules and recommendations. This may also help build a framework for destiny work lawsuits.
Last but not least, make efforts to talk about your endeavors in coping with the merger with outside stakeholders – the authorities, enterprise, and media. Your first-rate practices ought to make up for a thrilling case examination and getting to know factors for others which they might emulate as and while the situation arises.