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PRESS RELEASE
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Tata Consultancy Services launches new campus in Bhubaneswar
Total campus capacity pegged at 7,000 people
Bhubaneswar, India, January 4, 2009: Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing organization, today announced the launch of its development center TCS Kalinga Park in Bhubaneswar, Orissa. The facility was inaugurated by Naveen Patnaik, Hon’ble Chief Minister, Orissa, in the presence of Surjya Narayan Patro, Hon’ble Minister of Energy, Culture & Information Technology, Orissa and Pradipta Kumar Mohapatra, Commissioner-cum-Secretary, IT, Orissa and TCS leadership team of S Ramadorai, CEO & Managing Director, N Chandrasekaran, COO and Executive Director and S. Mahalingam, CFO and Executive Director as well as B Muthuraman, Managing Director, Tata Steel.
TCS Kalinga Park, which is being developed over 45 acres of land, is the latest addition to the company’s unique Global Network Delivery Model (GNDM). The first unit of the facility with a capacity of 1,000 seats has been made operational in the first phase. Upon completion, the facility will have a total capacity of 7,000 seats.
TCS Kalinga Park is among the greenest buildings in India and has been designed as India's first LEED (Leadership in Energy and Environmental Design) rated IT Campus conforming to the highest LEED certification rating - Platinum. The campus is an approved Special Economic Zone and will serve global TCS customers in industry segments like Banking & Financial Services, Retail, Insurance and Government with a focus on technology areas like enterprise solutions, assurance services, infrastructure services, BPO as well as IT services.
Commenting on the new facility in Bhubaneswar, Mr. S. Ramadorai said, “With a strong education eco-system and plentiful talent, Orissa has emerged as a key resource base for TCS in the region. The new center will also increase our access to skilled professionals and students from in and around Bhubaneswar.”
He further added, “Tier II and Tier III cities have the potential to drive the next phase growth for the IT industry. Over 70% campus hiring at TCS happens from Tier II and Tier III cities. The new campus at Bhubaneswar reiterates our commitment to the development of new centers of excellence, enhance the suitability of talent pool as well as drive inclusive economic growth.”
As the leader in the IT industry, Tata Consultancy Services has always had a sharp focus on the domestic market with over $500 million in revenues coming from the Indian market. TCS has played a key role in building the national financial infrastructure through projects like the National Stock Exchange, NSDL, NCDEX, State Bank of India as well as for various department of the Reserve Bank of India and the Finance Ministry. The MCA 21 by the Ministry of Company Affairs, a landmark project by TCS, has been a major step to governance reforms and is a benchmark in e-governance in the country.
Note: This TCS release and other news announcements are available as part of an RSS feed at http://www.tcs.com.
About 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 120,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 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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