Reliance ADAG to launch major IT services unit in Bangalore

Reliance ADAG to launch major IT services unit in Bangalore

Raviprasad Kamila

‘TECH Reliance’ will mark the group’s foray into IT consultancy and services

Bangalore and Mangalore will be the two major centres of the company

Employee strength will be around 2,000

MANGALORE: Reliance-Anil Dhirubhai Ambani Group (R ADAG), a leading business conglomerate of the country, is planning to launch a new company, “TECH Reliance”. The company will handle Information Technology (IT) consultancy and services. Bangalore and Mangalore will be the two major centres of the company, according to sources in the group.

The sources told The Hindu that Anil Ambani, Chairman of R ADAG, had been watching the IT space keenly for over a year now and had been preparing to enter the sector at an opportune time. Like the group’s foray into other emerging sectors such as entertainment, media, and healthcare; the foray into the IT sector is one of the initiatives that will lead to the next phase of growth for the group.
‘Top 10 IT club’

The sources said that the company aimed to enter the “Top 10 IT club” and within two years be among the top five Indian IT companies, competing with IT stalwarts such as TCS, Wipro, Infosys, IBM and Accenture.

Mr. Ambani has personally handpicked a team of IT professionals to lead this initiative which includes current employees working with R ADAG. This core group of 15 members will lead various roles of “TECH Reliance”.

While the extent of investments being made in the venture are not known, the sources said that the group was ready to enter the “Top 5 club” with an investment of what it would take to get there while maintaining a healthy balance sheet.

The group is looking at Bangalore, the IT capital of the country, as a major centre.
Development centre

A development centre at Bangalore is under the final stages of construction and will be operational in the next few months.

The total employee strength is tipped to be around 2,000, of which around one-third have already been recruited or are in the final stages of being recruited, the sources said.

When contacted, a Reliance spokesperson refused to comment on the development. However, he said, “The group continuously explores new avenues for growth and enhancing value for our stakeholders.”