Tech Mahindra gains on entering into strategic partnership with CrateDB
Tech Mahindra is currently trading at Rs. 1,416.50, up by 22.30 points or 1.60% from its previous closing of Rs. 1394.20 on the BSE.
The scrip opened at Rs. 1394.25 and has touched a high and low of Rs. 1424.95 and Rs. 1394.25 respectively. So far 513 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1807.40 on 12-Dec-2024 and a 52 week low of Rs. 1163.70 on 19-Apr-2024.
Last one week high and low of the scrip stood at Rs. 1461.25 and Rs. 1385.55 respectively. The current market cap of the company is Rs. 136491.30 crore.
The promoters holding in the company stood at 35.01%, while Institutions and Non-Institutions held 55.01% and 9.99% respectively.
Tech Mahindra and CrateDB, a data management company, have entered into a strategic partnership at Hannover Messe 2025, the world’s premier trade fair for industrial technology. The partnership will revolutionize the automotive, manufacturing, and smart factory sectors by delivering advanced agentic AI solutions that leverage real-time data analytics, enabling businesses to drive innovation and efficiency at scale.
The partnership will combine Tech Mahindra’s deep industry expertise and digital transformation capabilities with CrateDB’s high-performance database technology to unlock the full value of data for industrial customers. Leveraging CrateDB’s open-source, multi-model, distributed database, Tech Mahindra will provide enterprises with advanced capabilities to optimize supply chains, improve predictive maintenance models, and ensure higher quality control standards across their operation centers. Further, the solutions will analyze and integrate time-series data from industrial IoT (IIoT) sensors into a cloud-based environment, enabling businesses to utilize structured data for faster and more informed decision-making.
Together, Tech Mahindra and CrateDB have leveraged a unique cloud data management architecture to develop highly scalable and sustainable solutions that will help industrial enterprises scale production globally and optimize cloud resources. By incorporating a scalable and adaptive architecture, the solution can be deployed across various manufacturing sub-verticals, providing enterprises with a unified approach to real-time analytics.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
