Tech Mahindra Limited Recommends Dividend for the Financial Year Ended March 31, 2018; Milind Kulkarni to Retire as CFO of the Company, Effective May 31, 2018
May 25, 2018 at 06:19 am EDT
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Tech Mahindra Limited Board of Directors at its meeting held on May 25, 2018 have recommended a dividend of INR 14 per share on par value of INR 5 for the financial year ended March 31, 2018, subject to approval by the members of the Company at the forthcoming Annual General Meeting.
The board informed that Mr. Milind Kulkarni, Chief Financial Officer of the company will retire as CFO at the close of business hours on May 31, 2018.
Tech Mahindra Limited is one of India's leading IT service providers. Net sales break down by activity as follows:
- IT services (89.9%): consulting and engineering services, software publishing, outsourcing, architectural development and deployment, management of application management, development of network infrastructures, data security, cloud computing, etc. ;
- business process outsourcing services (10.1%).
Net sales break down as follows: telecommunications (39.7%), manufacturing industries (16.4%), financial services (16.1%), technology, media and entertainment (9.4%), distribution, transport and logistics (7.6%) and other (10.8%).
Net sales are distributed geographically as follows: India (6.8%), the Americas (47.5%), Europe (26%) and other (19.7%).
Tech Mahindra Limited Recommends Dividend for the Financial Year Ended March 31, 2018; Milind Kulkarni to Retire as CFO of the Company, Effective May 31, 2018
TECH MAHINDRA LIMITED 
