The Mahindras have begun the crucial phase of integration of human resources (HR) policies of Tech Mahindra and Mahindra Satyam, the Hindu Business Line reported.
The merger was consummated two months ago after the Andhra Pradesh High Court cleared the way, creating the fifth largest IT services company with total revenues of $2.7 billion. The merged entity has a combined workforce of 84,000, including 36,000 in the erstwhile Mahindra Satyam and 40,000 in Tech Mahindra.
While Mahindra Satyam had reported an attrition rate of 14.3 per cent, Tech Mahindra reported an attrition rate of 19 per cent. Though the two companies had been operating as one with a joint go-to-market strategy before the formal merger, there used to be two HR policies.