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By P. Vikram Reddy
The company is also planning `consolidation' of its Business Process Outsourcing (BPO) operations, which are now being carried out by three joint ventures. The company is in dialogue with two of the joint venture partners, Singapore Airlines, and HDFC, for buying out their stake. It has already bought out its partner Swiss Air from the third joint venture. The objective is to allow greater `visibility' to its BPO activities, even as it continues to occupy the position of number one Indian IT services company and the only one to cross the $1 billion revenue mark in March 2003. TCS has about 24,000 professionals working for it, besides another 4,500 in the three BPO joint ventures. The company is also bidding for some more big BPO projects. The consolidation of BPO activity, under the umbrella of TCS will give a boost to its revenues of $1 billion. What shape the `consolidation' will take shape was not clear (separate division or subsidiary). Mr. Ramadorai however indicated that the exercise was undertaken to give BPO operations `greater visibility'. Some of these details were given at a press conference by Mr. Ramadorai here on Friday, when TCS's new Global Development Centre (GDC) was inaugurated near HITEC City in Madhapur by Pascal Couchepin, President of the Swiss Confederation. The 2,200 seater, Rs. 150 crores GDC , designed by the world famous Swiss architect Mario Botta, has been named `Deccanpark', and will be the company's largest single location centre. The nine floor , 3.2 lakh sq. ft. circular building is perched amidst natural rocky environment of Madhapur-rocks which some geologists have estimated are 150 million years old! TCS now has over 100 locations across 55 countries. The Hyderabad GDC will be a centre of excellence for domains such as telecom, government (Central and State), biological sciences and shipping and ports, and will deploy leading edge technologies including .Net, opensource, billing, s-governance, and bioinformatics. In addition to these services, TCS will be involved in innovation through its capabilities in R&D in the areas of embedded systems, bio informatics, e-security and smart governance for both domestic and international clients. Replying to questions, Mr. Ramadorai said there were a lot more visitors and business enquiries had definitely increased as a result of improvements reported in the U.S. economic growth parameters. But it was too early to say when (which quarter) this would get reflected in business revenues for Indian companies.
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