TCS keen on expanding to tier two cities

TCS keen on expanding to tier two cities
The Hindu.com (Business)

Bangalore, July 29. (UNI): IT major Tata Consultancy Services (TCS), is keen on spreading its wings to tier two cities in the country and ramp up its operations.

TCS CEO and Managing Director S Ramadorai told newspersons here that TCS was looking at Hubli and Mangalore in Karnataka, Coimbatore in Tamil Nadu and Nagpur in Maharasthra. "We have started operations recently in Kochi," he added.

He said for the next fiscal TCS had already completed campus recruitment in 180 colleges across the country, giving offers to 8,710 freshers. "We will visit 300 colleges this year," he informed.

TCS planned a capital expenditure of Rs 1000 crores on infrastructure and Rs 300 crores on technology for the current year and ramp up manpower by over 30,000.

"The net addition will be 22,000 taking into account the attrition rate," he said adding that during the first quarter of the current fiscal 7000 would be added. The total addition in manpower included 4000 to be hired in other countries. Currently TCS had 71,000 employees on its rolls.

Mr Ramadorai said the Joint Venture would be the first involving an Indian IT company to offer BPO and IT services in China.

He said TCS' current operations in China, having 500 personnel, was likely to merge with the Joint Venture, which would blossom into a 5,000-strong company in four years.

Mr Ramadorai said Tata Consultancy Services (China) would provide IT outsourcing services and solutions to the Chinese domestic market as well as the global market. The key objective of the global initiative was to build the new venture as a role-model for the growing Chinese software industry. China would emerge as the second major global delivery centre for TCS after India.

He said the Joint Venture would leverage the complementary strengths of the different partners in technology, software development management, talent acquisition and training, including the world-class processes and practices of TCS, as well as its experience of handling large and industrial-scale technology projects. It would also leverage experience and resources of the Chinese partners, which run the national software development parks.

Mr Ramdorai said the Joint Venture would have centres across China to tap the talent pool.

TCS also won a mandate from the Chinese retail banker Huasia for implementation of a core banking solution. In the first phase, 20 to 25 branches would be covered, he added.