Tata Consultancy Services (TCS), India''s top information technology company,
will set up a third development centre in China by the end of current financial
year to support its growing clientele there.
will also raise the number of personnel employed at its China facilities by five-fold
to around 5,000 by 2010, from the present 1,000, chief operating officer N. Chandrasekaran
said on the sidelines of the Nasscom Quality Summit in Bangalore.
company currently operates two development centres in Beijing and HangZhou and
serves close to 20 global clients from China.
is a fantastic market and the company is seeing good momentum in that country,"
Chandrasekaran said, adding that TCS would continue to scale up its delivery centres
in Mexico and in Eastern Europe. "We may look at opening a second centre
in Hungary," he said.
he said, is aiming to improve its operational efficiencies to offset the impact
of currency fluctuation and wage inflation on its margins. It is planning to increase
its offshore revenues by around 400 basis points from 41 per cent to about 45
per cent over the next four to eight quarters by moving more work offshore, he
announced the induction of four new whole-time executive directors on its board.
With this expansion, the TCS board will have 12 members, including 6 independent
four executive vice presidents of TCS elevated to the board of directors of the
company are N Chandrasekaran, S Mahalingam, S Padmanabhan, P A Vandrevala.
The TCS board also appointed N. Chandrasekaran as the chief operating officer
(COO) of the company while S. Mahalingam continues as the chief financial officer
the size of the company''s business, the directors have decided to induct four
senior executives on to the Board of Directors. The newly appointed executive
directors have a wealth of experience and have contributed significantly to the
growth and success of TCS and will continue play an important role in the company''s
future strategy," S Ramadorai, CEO and MD, said.
also has six independent directors - Ron Sommer, former chairman of Deutsche Telecom,
Harvard professor Clayton Christensen; former HSBC chief, Aman Mehta; former Indian
cabinet secretary, Naresh Chandra; head of Glaxo SmithKline, Asia, V Thyagarajan
and Laura Cha, a member of the executive council of the Hong Kong Special Administrative