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