TCS plans product development centre in B’lore

TCS plans product development centre in B’lore
Deccan Herald

Tata Consultancy Services is planning to come out with new products for sectors like bioinformatics, multimedia search engines and embedded software.

Tata Consultancy Services (TCS), country’s largest software company, has chosen Bangalore to set up its global product development centre.

It has just began the ground breaking work to set up a new building on a three-acre plot of land next to International Technology Park Ltd (ITPL) at Whitefield.

The new centre will be operational by the end of 2006 and will employ close to 3500 IT engineers, TCS CEO & Managing Director S Ramadorai told Deccan Herald on Wednesday.

Right now TCS’ product development and research work is scattered in many of its 52 operational centres. The new centre will consolidate all these employees in one place for a more integrated and cohesive developmental work. “Products are integral part of total software solutions we offer to our clients and we need focus much more sharply on them,” he said.

TCS currently has nearly 40 main products spanning across major sectors like Banking (11 products), Insurance (8), Financial services (5), eSecurities (5), Accounting (3), etc. Besides, it has many applications in designing and eGovernance.

In addition, TCS is also entering new products in sectors like bioinformatics, multimedia search engines and embedded software.

Incidentally, inside ITPL campus TCS is also building a new 7-storied building to house about 8000 software personnel moved from its other centres and new recruits. TCS will hire 12,000 people during the current financial for its IT and ITES operations.

TCS has become the first Indian company to cross the US $2 billion revenue mark. Its revenues for the year 2004-05 stood at Rs 9,727 ($2.24 billion), an increase of 36.5 per cent on year-on-year basis.