Published On: 2013-05-28

New Delhi, India – May 28, 2013 – Tech Mahindra Limited, a specialist provider of solutions and services to the telecommunications industry, today signed a Memorandum of Understanding (MoU) with “Navigation Information Systems” (JSC “NIS”) GLONASS,  company that offers dual-system GLONASS/GPS chipset-based navigation equipment to the Indian market.


As per the agreement, both the parties will jointly identify and develop potential opportunities, while agreeing to explore the emerging markets with strong focus on solutions such as Fleet Management Solution, Intelligent Transport Solution, Vehicle Security, Geo-fencing, and Precision Positioning Services among others.


Tech Mahindra will play the role of System Integrator of NIS solutions, and will also customize the solutions as per Indian requirements, wherever required.


"We are pleased to partner with NIS-GLONASS as the variety, quality and scale of solutions they have implemented in Russia is impressive.  This partnership besides addressing the growing markets will also facilitate the synergy between Tech Mahindra’s Telematics & M2M capabilities and GLONASS capabilities" said CP Gurnani, Managing Director, Tech Mahindra.


"Teaming up with such a major player as Tech Mahindra Limited, will help us to develop effective business not only in the subcontinent territory, but also in the Pacific Rim countries & MEA", commented Alexander Chub, director general of JSC NIS.


Besides India, the strategic partnership will cover emerging markets like MEA, APAC and CIS countries and will support world-wide propagation of GLONASS-based navigation solutions.








About Tech Mahindra
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited. Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators worldwide and their proven delivery models, distinctive IT skills and decades of domain expertise enable clients to maximize returns on their IT investment.A SEI-CMMI Level 5 organization, Tech Mahindra's development centers are ISO 9001:2008, ISO 27001:2005, ISO 20000-1:2011 and  ISO 22301:2012 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada and Australia.


Tech Mahindra is part of the USD 15.9 billion Mahindra Group. The Mahindra Group employs more than 155,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in Tractors, utility vehicles, information technology and vacation ownership.


 For more information, see www.techmahindra.com
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About NIS GLONASS


NIS GLONASS Pvt Ltd is a wholly owned subsidiary of the Russian public–private partnership company "Navigation-Information Systems", designated by Russian Federation Government as the National Navigation Services Provider. It is part of Sistema group which is one of the 10 large business groups of Russia. NIS GLONASS Board of Directors includes representatives from different organizations with interest in the development of GLONASS technologies. Users of NIS GLONASS Intelligent Transport Systems include – Municipal transport companies, passenger transport companies, housing and utility services, rescue and ambulance services, emergency services, taxis, cargo carrying companies, construction and maintenance companies, governmental and departmental fleet of vehicles, goods delivery companies and vehicle rental and leasing companies. Apple supports GLONASS location technology in its new iPhone 4S smartphone.


Disclaimer
Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.