Tech Mahindra to invest in startups in Silicon Valley and Israel

Tech Mahindra’s new centre of automation technology will spearhead the IT firm's automation efforts as well as invest in Silicon Valley and Israel startups.

The project has been leveraged to create a unit to gather together all the company's automation tools and chart a course for the entire company.

"We have dedicated George Mundassery to this full time because it cannot be a part-time project. He has handed over his delivery responsibilities. The unit will also invest in startups in Silicon Valley and Israel. It will be the focus of our automation efforts," L Ravi, President and Chief Operating Officer of Tech Mahindra, said on Tuesday.

The unit would have about 250 employees and had initially identified 120 projects which would begin the automation process.

"We will evaluate the 120 projects in mid-March and then roll out the automation processes across all the other projects in the company," Ravi said.

(Image credit: BCCL)