Tech Mahindra to up U.S./Europe hiring - CEO

DAVOS Wed Jan 23, 2013 9:38pm IST

Employees work on their computer terminals on the floor of an outsourcing centre in Bangalore February 29, 2012. REUTERS/Vivek Prakash/Files

Employees work on their computer terminals on the floor of an outsourcing centre in Bangalore February 29, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

DAVOS (Reuters) - Tech Mahindra(TEML.NS), India's fifth-largest software services provider, will increase local hiring in the United States and Europe as it seeks to become a more international partner to its customers, Chief Executive C P Gurnani said.

"I strongly believe that any company that only depends on the India-centric outsourcing model is only counting days," Gurnani told Reuters in Davos on Tuesday.

Video: Innovation key to survival: Mahindra Satyam CEO reut.rs/XxEttC

Tech Mahindra, part of India's $15.9 billion Mahindra group, has opened centres in Belgium, the Netherlands and Germany.

"We've all reached a size and scale; some of us have clearly had to become a lot more international," Gurnani said.

Tech Mahindra, which is in the process of merging with its Satyam Computer Services (SATY.NS) unit, aims to double the combined revenue to about $5 billion by 2015.

(Additional reporting and writing By Harichandan Arakali in Bangalore; Editing by Will Waterman)

FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Strong Start

Strong Start

Airwaves auction off to strong start, bids near $10 billion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage