Pune, India, April 2, 2008: Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing organization, today announced the commencement of construction at its largest development centre, TCS Sahyadri Park located in Hinjewadi, Pune, Maharashtra.
TCS Sahyadri Park will be developed over 50 acres of land to create a capacity of 20,000 seats with the first phase expected to be completed by March 2009 with 7,000 seats. The entire facility is scheduled to be completed by end of 2010.
Tata Realty and Infrastructure Ltd. has been mandated to develop the facility, while Frank Glynn of El Segundo, California, has been appointed as the principal architect for designing the facility alongwith Edifice Architects from Pune as the local architects. Frank Glynn was also the architect for the TCS facility in Sholinganallur, Chennai.
The Honorable Chief Minister of Maharashtra, Shri Vilasrao Deshmukh was present to perform the commencement ceremonies and lay the Foundation stone of the facility along with Mr. S. Ramadorai, CEO & Managing Director, Tata Consultancy Services.
Commenting on the new facility in Maharashtra, Mr. S. Ramadorai said, “TCS Sahyadri Park will drive the next phase of our growth in this area and help us access the skilled professionals and students from in and around Pune. On completion, the facility will provide direct employment to over 20,000 people as well as indirect employment to many more.” He added: “This facility in Pune, is of special significance to us as TCS started its first R&D centre, TRDDC, in this city well over two decades ago.”
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About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services 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 108,000 of the world's best trained IT consultants in 47 countries. The Company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 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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