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IT services and telecom solutions provider Tech Mahindra will invest USD 150 mn over the next three years to set up 4 development centres across India which include investments in BPO & KPO sectors. The company will spend USD 150 mn over the next three years to develop four centres, Mahindra & Mahindra Group Chairman Anand Mahindra told shareholders at the 21st Annuam General Meeting of Tech Mahindra.
Tech Mahindra Vice Chairman, Managing Director and Chief Executive Officer Vineet Nayyar later said that the investment would be made to set up centres in Pune, Kolkata, Chandigarh and Nodia.
Nayyar said apart from the 9,000-seat Pune facility, the first phase of which is in the final stages of completion at Hinjewadi SEZ, others will come up this year or in early 2009.
The Noida centre would be a 4,000-seater facility, while the ones at Kolkata and Chandigarh would house 3,000 people each, he said.
At present, the company has three establishments in Noida, two in Kolkata and one in Chandigarh.
The development centres would be used for accommodating the existing facilities or for expansions of the companys operations in the respective cities, a company official said.
Nayyar said the company is looking at acquisitions in the BPO KPO space, but yet to identify a target.
We are interested in the telecom space. However, it has to be a strategic fit to our existing operations, the official said, adding the BPO , KPO vertical of the company employs 3,445 people.
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