Mahindra Comviva is a subsidiary of Tech Mahindra and a part of the $16. 9 billion Mahindra Group. The group has a presence in aerospace, agri business, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers.
The Group has a signifiacant presence in Insurance and Financial Sector with Mahindra Insurance Brokers Ltd. (MIBL) which is a 80% subsidiary company of Mahindra & Mahindra Financial Services Ltd. and provide solutions for Life Insurance, General Insurance, Reinsurance and Group Insurance. They also offer Vehicle Loans, Personal Loans, Home Loans and SME Loans.
Mahindra Comviva is present in over 90 countries, with an overall customer base of 130 mobile service providers and financial institutions. It is a value added services provider to mobile operating companies. It offers variety of value added services like messaging, mobile internet, content, mobile commerce and prepaid. The company also provides Business support services. It has presence in 90 countries with offices in India, South Africa, Dubai, Singapore, Thailand, the UK and the USA. Over 130 mobile service providers and financial institutions use its solutions.