Hard on the heels of bagging its largest client
order of $500 million in the financial services vertical,
Asia''s largest software company Tata Consultancy Services
Limited (TCS) has launched its exclusive banking and
financial services centre at Chennai.
mega order will be spread over five years and will have
the team from the new centre working on its implementation.
The banking, financial services and insurance (BFSI)
vertical contributes 42 per cent of TCS'' revenues.
expects similar-sized orders in the future, based on
its request for proposals, though company officials
reiterated that they would continue to have a judicious
mix of big and small orders in the BFSI segment. TCS
also has a good domestic presence in this segment.
Ravi Vishwanathan, vice president and head, Chennai
operations, TCS, "Chennai will continue to be an
arrowhead for growth for TCS, with key investments coming
into the place." Currently Chennai has 15,000 employees
working in core verticals such as BFSI, telecom, retail,
travel and others.
itself is realigning itself around such dedicated solution
centres to provide better delivery to clients - such
centres will be enable to handle the whole gamut of
IT requirement from concept / consultancy through implementation
/ maintenance and business process outsourcing (BPO).
Already the company has a dedicated solutions centre
for insurance and infrastructure solutions.
Chennai and Bangalore will continue to handle the BFSI
clients, TCS Chennai will focus more on the financial
services. "But core verticals will have satellite
centres supporting them from other places including
overseas - locational support is also needed,'''' says
Vishwanathan. The company would be adding 1,740 heads
this fiscal for the BFSI vertical. Currently the company
has 3,200 people working in the BFSI projects with 1,200
the new BFSI centre has already started inducting manpower
mainly for the newly won order. In the last 6-8 weeks
1,200 people have been added. "A total of 1,800
employees will be deployed in the project," Viswanathan
said. According to him the company would hire 8,000
employees for the Chennai operations.
new centre 2-lakh square feet BFSI centre is equipped
with state-of-art infrastructure and facilities including
self-contained secure client-specific modules, demostration
labs, certification test centres, domain training centres
and visioning centre, besides health and recreational
facilities. Built at an outlay of Rs8.5 crore the centre
hosts over 200 projects from 25 clients.
about the test centres, Viswanathan said that an automatic
teller machine (ATM) test lab has been set up at an
outlay of Rs1.5 crore. "Here we will test the new
ATM applications and which would be later deployed in
the other ATMs of our client."