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Healthnxt and TMA's businesses are complementary, therefore consolidating the organizations will result in synergy of company operations, optimize operating costs, and decrease compliance risk, stated Tech Mahindra.
Healthnxt is a virtual healthcare company that offers fully integrated inpatient experience at home and outsourced services. TMA provides computer consulting, programming support services and IT Management & Consulting Services to customers in various industries including Healthcare.
TMA is a wholly-owned material subsidiary of Tech Mahindra. Healthnxt is wholly-owned subsidiary of TMA and a step-down wholly-owned subsidiary of the company.
The turnover of Healthnxt and TMA for the financial year ended 31 March 2024 is $1.07 million and $1,153.28 million respectively.
Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers.
The IT major's consolidated net profit jumped 29.51% to Rs 661 crore despite of 1.76% decline in revenue from operations to Rs 12,871.3 crore in Q4 FY24 over Q3 FY24.
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