The Hindu Business Line : TCS plans Rs 400-cr campus to host 15,000

Hyderabad April 19 Tata Consultancy Services has sewn up plans for a new campus in Hyderabad that would create a facility for around 15,000 people and involve an investment of Rs 400 crore.

This would be in addition to the proposed expansion here where the company plans to add around 2,500 people during this year and another 2,500 the next fiscal to the current headcount of 5,000 plus in the three centres in Hyderabad. The vision for Hyderabad aims at hosting around 25,000 people.

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The Chief Financial Officer, TCS, Mr S. Mahalingam, said the company had signed up with the State Government for a 75-acre site at Adibatla today located near the greenfield international airport. This will be part of the proposed special economic zone of the Andhra Pradesh Industrial Infrastructure Corporation Ltd.

Mr Mahalingam was addressing a press conference here on Thursday along with the head of operations at Hyderabad, Mr V. Rajanna.

Referring to the role played by Hyderabad operations for the $4.3-billion IT company, Mr Mahalingam said that the innovation labs in Hyderabad were responsible for developing the Bo-Suite and this is well complemented by Systems Engineering and Cybernetics Centres.

Its Hyderabad operations would serve banking and financial services, telecom, healthcare, life sciences and insurance verticals. A separate team for insurance-related work is being located here.

Asked about the hiring plans, Mr Mahalingam said that they inducted around 32,000 people during 2006-2007 and they expect to add similar numbers. Asked about $10 billion revenue vision of TCS by 2010, Mr Mahalingam said, "They were well on course to achieving this number. From $1 billion in 2003 (when we were $9 billion away) we have recorded revenues of $4.3 billion in 2006-2007 and are just about $6 billion away from $10 billion vision."

Asked if they expect to do with TCS what Tata Steel did with Corus in the IT sector, he said that they were always on the look out for strategic buys.

The company's diversification into new markets and regions has begun to yield results and this could be gauged from the revenues generated.

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