Tech Mahindra Ltd to Acquire Com Tec Co IT Ltd Call Transcript

Jan 17, 2022 / 02:00PM GMT
Operator

Ladies and gentlemen, good day, and welcome to the Tech Mahindra Limited Conference Call to discuss the acquisition of CTC. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Vivek Agarwal, President of BFSI, HLS and Corporate Development. Thank you, and over to you, sir.

Vivek Satish Agarwal - Tech Mahindra Limited - President of BFSI, HLS & Corporate Development

Thank you, [Faizan]. Good evening, everybody, and I appreciate joining this call on short notice. And I hope all of you had a chance to look at the investor deck, which should be available on our website and cost to have kindly arrange to send to all of you. I'm going to take a few minutes upfront to talk through some of the salient points in the deck, and then we'll open it up for questions.

Just from a transaction perspective, this is -- 3 primary strategies and rationale of why we've done this investment. Firstly, we believe that the insurance industry is going through significant transformation. A lot of new

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