The Mahindra group is putting together a team consisting of Tech Mahindra and Mahindra Satyam officials to draw up an integration road map. The group plans to merge the two firms to take on the likes of Tata Consultancy Services, Infosys, IBM and Accenture.

In February, M&M vice-chairman and managing director Anand Mahindra had said that it is possible that Tech Mahindra could merge into Mahindra Satyam.

“We have started the process to get groups from both the companies going on what synergies can be realised from combining support functions such as legal infrastructure, finance and corporate services. Separately teams are also working on synergies that can be exploited in other areas such as sales. We expect to finalise the integration group by the end of this month,” a Mahindra official familiar with the developments told Financial Chronicle.

The Mahindra group is aiming for a merger of the two companies to be completed by September 2011.

“We cannot file an application for a merger in the high courts till audited results are available,” Tech Mahindra vice-chairman and managing director Vineet Nayyar had said earlier.

Previously, Nayyar had said that Mahindra Satyam expects to be able to submit its restated accounts by the end of September 2010, the revised deadline.

“We have done our best to reconstruct the accounts and spent a huge fortune doing so. We will come up with the best approximation possible, as we cannot certify with 100 per cent accuracy absent verifiable documents. The notes to accounts in such a case will contain all relevant disclosures,” Nayyar had said.

Mahindra Satyam has development and delivery centres in the US, Canada, Brazil, United Kingdom, Hungary, Egypt, United Arab Emirates, China, Malaysia, Singapore, Australia and India.