Ex-Tech Mahindra India Business Chief Departs to Launch AI Startup

Jagdish Mitra, formerly the head of Tech Mahindra’s business in India, has left the company to establish an AI startup, aiming to invest between Rs 65-80 crore initially. Operations for the startup are projected to commence within the next three months, with plans to engage customers within 8-12 months. Mitra stated, “We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million.” Mitra, who was a contender for the Tech Mahindra CEO position following CP Gurnani’s resignation, emphasized a shift from a cost-driven approach to a value-centric one, citing the impact on cost arbitrage due to manpower. He highlighted the need for a values-driven proposition and stated, “We are going to focus on value proposition. Our firm will start operations within a quarter.”