The Hindu Business Line : `TCS panel evaluating M&A opportunities'

"We have said that TCS will look at growth both organically and inorganically. So, if we find some interesting possibilities in future, we will certainly explore it," Mr S. Ramadorai, Managing Director, TCS, said on the sidelines of a conference to announce the launch of the DCA-21 e-governance project.

On the kind of companies that would interest TCS, he said, "It is difficult to say. We will look at technology areas, geographic presence... We will look at integration possibilities. But it is very difficult to say what, when and how."

Mr Ramadorai said that TCS has a strong merger and acquisition group whose mandate is to look at potential companies. "They are always evaluating," he pointed out.

Asked about the geographies that TCS would look at strengthening through the inorganic growth route, he said, "As an industry, we will like to have a strong global presence. The industry cannot be dependent on one part of the world, namely the US. The industry has to look at the domestic market, the European market and the Chinese market. It depends on companies, where they want to go."

TCS has acquired five companies till date, including joint ventures.

TCS currently employs over 43,000 professionals, he said, but declined to divulge the projected growth in headcount. "We will be growing and adding people, but we are currently in the planning stage. We have already made offers in campuses last year for people joining this year," he added.

Currently, the company has offices in 32 countries and development centres in 10 nations. TCS offers a range of IT services for banking and financial services, insurance, manufacturing, telecommunications, retail and transportation. On TCS's wish-list for the Budget, he said, "Basically, it should be easy to do business out of the country. This would include addressing certain issues such as infrastructure, customs duty on personal computers and hardware components, and simplification of regulations."

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Selective sourcing to gain favour'

Big 4 bid for rural phone project under universal services obligation

Bharti rejigs mobile biz, forms 4 regional hubs

BPL unveils GSM mobiles in Kerala

HCL Info's Micro BTX

Icnet in sales tie-up with Nucleus group

Siemens to expand operations, raise headcount by 1,000

Arackal to train NEC engineers

`TCS panel evaluating M&A opportunities'

Red Hat partners with Tally Solutions

NIIT Tech allies with SAP

IDG to invest $20 m in India operations

Convergys opens campus

IT growth sustainable, says Premji

Subex co-founder quits, sells 12 lakh shares