The Hindu Business Line : TCS consolidates operations

Mumbai, Jan. 18 Tata Consultancy Services has consolidated its operations in Eastern Europe, West Asia, Africa and Latin America into a strategic business unit and has appointed Mr Gabriel Rozman, as Executive Vice President – Emerging Markets.

Mr Rozman, who has led TCS’ operations in Latin America, Spain and Portugal for the last five years, will be responsible for expanding its presence and growth in emerging markets, a press note said.

“In order to further increase our market leadership in emerging markets and build a strong franchise in these geographies, we are setting up a new strategic business unit to help leverage new opportunities in Eastern Europe, the Middle East, Africa and Latin America,” said Mr N. Chandrasekaran, Chief Operating Officer, TCS.

Fast growth

Emerging markets today account for 25.5 per cent of the $730 billion global IT services market, growing at a faster annual growth rate of 8 per cent versus the developed markets rate of 6 per cent, according to analyst estimates.

“Our plan for emerging economies include three immediate strategic priorities – upgrading our presence significantly in the BRIC economies, entering new markets and expanding our network of global delivery centres,” said Mr Rozman.

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