- Phase 1 investment put at Rs 550 crore (Rs 5.5 billion)
- TCS to create capacity to employ 10,000 IT professionals in Indore
Indore, India, October 29, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm, announced that it will set up operations in the state of Madhya Pradesh by building a new integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore (Rs 5.5 billion) in the first phase. The total development area of the campus is expected to be around 1.5 million square feet. Once all the applicable permissions are received, the construction of Phase I is expected to be completed by March 2016.
The TCS Indore Campus will be located on a 100-acre property allotted by the Madhya Pradesh government. An agreement to this effect was signed by TCS and officials of the state government at a function in the city today and presided over by the Hon’ble Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chauhan.
On completion, the TCS campus will provide direct job opportunities to 10,000 associates in Phase I. Besides direct job opportunities, there is an estimated indirect job opportunity for another 10,000 people in supporting functions and professions like e-waste management, facilities management, transportation, hotel and hospitality, restaurants, utilities and financial, banking and other services. Moreover, during the design and construction phase of approximately four years, there will be employment opportunities for about 2500 construction workers.
The TCS Indore campus will be a state-of-the-art facility with a distinct style that blends local culture and aesthetics with several world-class features. The facility is designed with an inherent flexibility and will comprise software engineering blocks, training center, amphitheater, customer care center, auditorium as well as facilities to offer a holistic environment to knowledge professionals.
Designed with water bodies and green areas, the TCS Indore campus will incorporate several green building concepts such as zero discharge with 100% recycling of sewage, energy efficient systems, rain water harvesting systems and integrated building management systems. A high rating will be targeted to highlight the sustainable and eco-friendly nature of the campus.
S Mahalingam, Chief Financial Officer & Executive Director, TCS, said, “Indore has the potential to become another big hub for knowledge-based industries like IT and BPO with its strong ecosystem of universities and talented people. Our investment will help catalyze further development of the talent ecosystem as well as help upgrade the civic infrastructure in the area. We remain committed to working in close collaboration with all stakeholders in the state to help development of local talent and provide our customers with world-class IT and BPO solutions from this location.”
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 254,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $10.2 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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