Tech Mahindra’s Brazilian subsidiary Complex IT has signed two deals to deliver enterprise solutions for oil and gas and a banking vertical.
The first project is with Schahin Petróleo, to deliver a new enterprise business solution for the operations of the oil and gas division of the Schahin Group. The project includes implementation of SAP Enterprise Resource Planning (ERP) and addresses business pain points around complex supply chain logistics and strengthening of the integration process.
Complex IT also signed a transformational contract with a leading bank in Brazil, to deliver enterprise business solutions for SAP demands on application management services, projects and on-going demands. This will help them overcome high complexity environment and helping internal service level agreements.
“Our growth strategy in Latin America leveraging a combination of inorganic and organic plays is showing early results,” said Arvind Malhotra, Senior Vice-President, Strategic Accounts, Tech Mahindra.
In February, Tech Mahindra had acquired a 51 per cent stake in Brazilian SAP consulting firm Complex IT.