Mumbai - November 16, 2022: Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced that it has been selected as the digital transformation partner for Nynas AB, a Swedish manufacturer of specialty oils – naphthenic and bitumen products.

Tech Mahindra will work with Nynas to modernize its enterprise IT architecture as an enabler to establish efficient work processes across the business, deliver transparency across the value chain, provide flexibility & scalability to define new business models, and harness the power of next-generation platforms to support sustainable future growth. Tech Mahindra will leverage its ‘Change to Grow’ approach to deliver Business aligned IT. ‘Change to Grow’ approach enables customers to change faster according to industry needs and equips them with abilities to launch new products and create new revenue streams.

Mukul Dhyani, Senior Vice President & Business Head, Continental Europe at Tech Mahindra, said, “Tech Mahindra brings its deep experience in helping customers transform their business. We will support Nynas in its digital transformation journey by delivering emerging technologies and solutions through our NXT.NOWTM framework. Tech Mahindra is committed to deliver agile, scalable, resilient, and intelligent enterprise which will enable high performance and drive sustainable business growth for Nynas. This partnership is a great testament to our growing footprint in Sweden and across Nordics.”

Stein Ivar Bye, Chief Executive Officer at Nynas, said, “Nynas has embarked on enterprise-wide transformation initiative to deliver on our strategic goals & vision including financial growth, sustainability and innovation. Technology plays a key role in our transformation journey and by working together with Tech Mahindra, we will enable an agile and digitalized business and efficient IT solutions. Tech Mahindra’s vision, capability and experience to deliver such strategic engagements will help Nynas to deliver on its strategy and ensure sustainable business growth.”

About Nynas

Solutions for the transition to a sustainable society

Nynas offers bitumen and naphthenic specialty products for applications that touch people’s lives every day, for example in electrification and road infrastructure. Our core competence is to refine heavy molecules into high performance, long-lasting specialty products. We operate in an international market with a strong focus on Europe, working closely with customers to create solutions to meet challenges and capture opportunities in the transition to a sustainable society.

About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise. We are a USD 6 billion organization with 163,000+ professionals across 90 countries helping 1279 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Metaverse, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. We are the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.