New Delhi, April 23 -- Tech Mahindra Ltd embarked on a turnaround journey two years ago under the leadership of CEO Mohit Joshi, who was appointed in 2023. Cut to FY27 and it is gearing up to meet a crucial milestone: delivering revenue growth above its peers and achieving the last leg of margin improvement.

Tech Mahindra has formally concluded the stabilization phase and is pivoting toward an execution-led acceleration phase focused on high-margin growth, management said in the March quarter (Q4FY26) earnings call. This confidence is backed by transformation efforts undertaken in FY26, which led to revenue growth turning positive, sharp margin expansion, and record deal wins.

Integrating portfolio companies, scaling crucial accounts, h...