Tata Consultancy Services Ltd. (TCS), India's largest IT services exporter, is expanding its presence in South America with the opening of a Global Delivery Center in Queretaro, Mexico.
This center is the third in the country after Mexico City and Guadalajara.
''This represents a key milestone in the company's expansion across Latin America and its Global Network Delivery Model, recognised as the benchmark of excellence in software development,'' Ankur Prakash, director of TCS Mexico, Central America and the Caribbean said.
TCS expects to hire 500 professionals during the current financial year for its new centre in Queretaro. At the new global delivery Centre, TCS will provide advanced IT services, consultancy, test factory, business process outsourcing, contact centre, IT infrastructure solutions, industrial and engineering services, and solutions based on exclusive TCS products to existing and potential customers.
Since TCS established operations in Mexico in 2003, the company already serves more than 30 local clients in addition to international clients across various industries, including telecommunication, finance, banking, manufacture and retail.
''This new facility reinforces our global leadership position in Mexico and will help underpin the accelerated growth that we want to sustain in this country and region by delivering certainty of outcomes to our customers.'' Prakash said,
The new centre in Quererato is certified with the highest levels of quality and service. Moreover, TCS has an internal system IQMS, aligned to international standards ISO 9001, ISO 20000, ISO 27000, TL 9000, as well as the models CMMI level 5 and PCMM level.
TCS has presence in Latin America, including Brazil, Argentina, Uruguay and Mexico.
The company registered a consolidated revenue of Rs27,812 crore for fiscal 2008-09 against Rs22,619 crore the previous year, registering a year-on-year growth of 23 per cent.
TCS feels that the decline in demand for IT outsourcing have been arrested.
''We believe that decline in demand has hit a (low) plateau. But this does not mean that there would be an increase in IT offshoring,'' TCS chief financial officer S Mahalingam told reporters in Bangalore on Wednesday. (See: TCS upbeat on future even as it trims workforce).