Financial Daily from THE HINDU group of publications
Saturday, Aug 02, 2003
Cognizant to set up techno-complex in Chennai
Raja Simhan T.E.
Cognizant's techno-complex in Chennai
Chennai , Aug. 1
THE Rs 125-crore techno-complex of Cognizant Technology Solutions will be another addition to the list of software development centres on the Old Mahabalipuram Road, the city's cyber corridor.
While work at the centre is half way through, Cognizant will have a full-fledged techno-complex corridor by the year-end even as some employees have moved to the new premise, said a company official.
Cognizant joins other IT firms such as Tata Consultancy Services, Infosys, Wipro, HCL Technologies, Xansa and Polaris in setting up a development centre in the cyber corridor, which connects the city with Mahabalipuram.
Located on 9.2 acres of land at Thoraipakkam, Cognizant's software development centre can accommodate about 3,400 professionals. In the first phase, the centre accommodated about 1,000 professionals, and the second phase would accommodate another 2,400, Cognizant's Vice-President, Finance and Administration, Mr R. Rajagopalan, told Business Line.
The new centre would be used for executing projects in application management, application development and e-business in sectors such as financial services, banking, insurance, health care, manufacturing, retail, media and telecom. Cognizant has about 110 customers, of which about 30 per cent are Fortune 500 clients contributing to approximately 50 per cent of the company's revenues, said a company official.
According to Mr Rajagopalan, by moving to the new premise, Cognizant expects 25-40 per cent cost saving over a period of time on its annual spend relating to facilities rental, maintenance, communication and computing. Improved efficiencies and indirect cost savings in areas such as management time and support function cost would also be there, he said.
In Chennai, Cognizant has five development centres on long-term leases including two on Whites Road, and other facilities on Cathedral Road, Tidel Park, and Elnet Software City. The company recently added a small facility on Whites Road. Further, Cognizant has invested about Rs. 75 crore in two techno-complexes in Pune and Kolkata, each can accommodate about 1,000 professionals, he said.
When asked whether the company would vacate the existing leased premises in the city, a Cognizant official said that no decision has been taken so far on the matter. Reason, the company expects to add 1,200 to 2,300 more employees in India before the year-end, and a majority of them would be based in Chennai, he said
The lifeline of the techno-complex lies in a 10,000 sq. ft. data centre. Three levels of access control, including a biometric system, closed circuit television (CCTV), two-hour fire-rated floors and walls, a NAF SIII gas-based fire suppression system and 24-hour precision back-up air-conditioning protect this room. This is supported by hub-rooms in each floor, said a company official.
The entire techno-complex, which is driven by fibre connectivity, is secured through multiple layers of security across physical, electronic and data security, he said.
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