Home / Companies / News /  Tech Mahindra announces its entry into metaverse with the launch of TechMVerse

BENGALURU : Information technology (IT) services major Tech Mahindra Ltd has entered metaverse with the TechMVerse launch, to offer interactive and immersive experiences to customers.

The company plans to hire and train 1,000 employees for TechMVerse in the first year. Initially, the operations will be spread across Dallas, London, Pun and Hyderabad.

“With the aim to transform customer experience and deliver real business outcome, Tech Mahindra will leverage its world-leading network and infrastructure capabilities along with its foundational technological capabilities such as pervasive artificial intelligence (AI), blockchain, 5G, augmented reality (AR), virtual reality (VR), and quantum computing to build B2B (business-to-business) use cases across sectors," the company said in a statement.

Initially, it will leverage the opportunities in the metaverse world through various use cases including a car dealership, DealerVerse, a non-fungible token (NFT) marketplace, Middlemist, virtual bank Meta Bank, and a gaming centre.

Tech Mahindra will offer immersive digital and professional experience services for design, content, as well as low-code plug-and-play NFT and blockchain platforms.

“Metaverse has the power to disrupt our reality, as well as the future, for good. At Tech Mahindra, we have always been at the forefront of 5G, and our entry into the metaverse is yet another milestone in our journey of catalyzing future readiness and disrupting and transforming customer experiences. The fundamental layers of the metaverse are very well integrated within Tech Mahindra and its competencies," said C.P. Gurnani, managing director and chief executive officer, Tech Mahindra. “We will be training 1,000 engineers to ensure they are ready to solve complex business challenges and imagine new worlds for our customers and society," he added.

Gartner defines the metaverse as a collective virtual open space, created by the convergence of virtually enhanced physical and digital reality.

According to the research firm, 25% of people will spend at least one hour a day in the metaverse by 2026.

TechMVerse is expected to be an extension of Tech Mahindra’s NXT.NOW framework, which aims to enhance human-centric experiences by investing in emerging technologies and solutions that enable digital transformation to meet the evolving needs of the customers.

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