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Tech Mahindra to invest $250 Mn in 3 centers
By siliconindia
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Wednesday, 14 November 2007, 20:30 IST
Mumbai: Mumbai-based IT services vendor Tech Mahindra will invest $250 million to set up three development centers in Chandigarh, Jaipur and Noida.
The company will invest $50 million in a software development center in Chandigarh to be developed in two phases and $200 million in the other two centers.
The Chandigarh campus will seat 2,500 professionals in the first phase, and 5,000 when fully completed.
The integrated campus at the Rajiv Gandhi Technology Park will be built on 15 acres of land and offer video conferencing facilities, training centers, food courts, an amphitheatre, recreation facilities, a swimming pool, a gymnasium and a sports complex for employees.
"The organization has been on a continuous journey of transformation, addressing new players in the telecom ecosystem and expanding service lines. Once completed, Chandigarh will be integral to the expansion of the company's service offerings and delivery capabilities," said Vineet Nayyar, Vice-Chairman and Managing Director, Tech Mahindra. ($1 = Rs 40)