• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

First phase to entail investment of Rs 80 cr

Kolkata , June 20

Tech Mahindra on Tuesday announced the setting up of its software development centre and integrated campus in Kolkata.

Implementation of the first phase of the project would entail an investment of Rs 80 crore, Mr Vineet Nayyar, Vice-Chairman and Managing Director of Tech Mahindra, told a press conference held here on Tuesday.

Spread over 12 acres of land, the facility would engage 2,000 professionals within the next 18 months. Over time, the complex would be equipped to house 5,000 professionals who would be engaged in developing software and implementing various systems integration projects in core telecom areas.

`Excellence' centre

The new centre in Kolkata would be a "Centre of Excellence" for Tech Mahindra's offerings around LHS solutions. Various system integration projects on core telecom areas like OSS/BSS involving leading COTS products such as Geneva, BSCS, Siebel, Cramer, Metasolv, Clarity, etc would be handled from this centre.

Already, Tech Mahindra has a 32,000 sq.ft. facility at the Salt Lake Electronics Complex here. About 400 professionals are currently engaged at the company's Salt Lake facility.

Hutch link

Tech Mahindra, the ninth-largest BSS systems integrator in the world, provides an array of solutions and services to the telecommunications industry. It has development centres in Mumbai, Pune, Bangalore, Chennai, Kolkata and Noida, among other cities. Recently, it has partnered with Hutch to help set up the latter's mobile network in Indonesia.

According to Mr Nayyar, Tech Mahindra recorded a revenue growth of 31 per cent in 2005-06 over the previous year. From Rs 945.60 crore in 2004-05, the company's revenue went up to Rs 1,242.70 crore in 2005-06. In the current fiscal, too, the company hopes to maintain the growth rate in revenue generation.

IPO proposal

Asked about the company's plans to float an initial public offering, Mr Nayyar said that while plans in this regard were there in the long term, he would not hazard a guess as to when it would happen.

More Stories on : Software | Other States

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

Stories in this Section
Information selling to hot up

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line