HTC invests ₹100 crore in development centre

Our Bureau Chennai | Updated on March 12, 2018

On expansion drive Madhava Reddy (right), President and CEO, HTC Global Services and Chary Mudumby, Executive Vice-President, at a press conference in Chennai on Tuesday. BIJOY GHOSH

HTC Global Services, a US-based information technology company, has invested ₹100 crore in a new, 4,500-seat development centre in the city’s suburb.

The new centre at Vandalur to the south of Chennai will support the company’s IT operations and business process outsourcing growth, according to Madhava Reddy, President and CEO of HTC Global.

The new centre is the third for the company in Chennai. It also has centres in Michigan (US) and Malaysia, he told newspersons. Being a private company he did not give financial details.

The company plans to add another 10,000 people in the next 3-5 years as the company expects to get business from clients in areas such as business intelligence and analytics.

The company is also looking acquisition to spur growth. It is in talks with a couple of companies in the US in healthcare and mobility, he said without giving any details. HTC has developed service offerings and frameworks for sectors such as analytics, mobility, infrastructure services and emerging technologies. Its global clients include JP Morgan, Canon, Reserve Bank of India, Bank of America, MRF and Electronics Corporation of Tamil Nadu, said Chary Mudumby, Executive Vice-President, HTC Global.

Published on July 29, 2014

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