Tech Mahindra has entered into a strategic partnership with Toshiba Digital Solutions to work in the area of a smart factory.

Both Toshiba Digital Solutions and Tech Mahindra are information and communication technology (ICT) companies with a strong background in manufacturing. As strategic partners, the two companies will synergize their group manufacturing heritage, domain expertise and existing customer base to expand business in the smart factory market together.

''We are delighted to join hands with Toshiba Digital Solutions known for their leadership across various industrial segments, domain expertise and special manufacturing processing knowledge. This coupled with Tech Mahindra's system integration, consulting and expertise across IoT and 'Factory of the Future' ensure that we are able to bring the best of breed solution for the customers,'' said Karthikeyan Natarajan, Senior VP & Global Head, Integrated Engineering Solutions at Tech Mahindra. ''Our integration capability in Information Technology and Operational Technology, and global experience in Manufacturing Execution System and allied systems would make us an ideal partner for companies embarking on their journey of Digital Transformation,'' he added.

Shares of the company declined Rs 3.6, or 0.74%, to trade at Rs 485.80. The total volume of shares traded was 28,255 at the BSE (11.50 a.m., Tuesday).