TCS expansion to focus on emerging technologies

Updated: Jan 24 2002, 05:30am hrs
Despite slowdown and Sept 11, the IT solution and consultancy major Tata Consultancy Services continues to expand its business and invest in human resources. Towards this, TCS has identified various models and domains to invest and grow beyond the expected level.

Addressing the press conference here on Wednesday after inaugurating the new city office spread over 30,000 sq ft, company executive vice-president (Advanced Technology Centre) M Vidyasagar said that the company has recently made a foray into bio-informatics. To start with, the company has invested Rs 5 crore in the division with a manpower 25 and would expand it to 40 in the near future.

The new Hyderabad city office will be the center of excellence for projects in emerging technologies, and can house up to 300 software professionals and is fully equipped with world-class facilities. The focus area would be bio-informatics, computer security and telecom, Dr Vidyasagar said.

TCS is taking the lead in initiating a world-class bio-informatics practice, which will be run out of the Advanced Technology Centre in Hyderabad, he said. The company has already started receiving enquiries from Far East and Gulf countries, Dr Vidyasagar said.

In the next five to 10 years, major advances in bio-technology would impact everything from agriculture to pharmaceuticals and these advances would be only possible through the massive use of computational technology or bio-informatics, he said.

Worldwide, the bio-informatics market has been estimated at $1.5 billion and a company like TCS with an early foray would garner sizeable chunk of the market, he said.

Earlier, executive vice-president S Mahalingam, said that despite slowdown and its impact on the IT sector, TCS has added over 2 lakh sq ft area during the current fiscal including 30,000 sq ft area in the heart of Hyderabad on Wednesday.

The company would also add another 2,30,000 sq ft area in Hyderabad by way of campus in the next two years time, with an investment of Rs 100 crore, he said. With the campus, the Hyderabad centre will have a manpower of 3,500 in the next two years from the existing 1100 professionals, he said.

Apart from this, TCS also plans to open delivery centres outside India to tap the market to deliver services with much more ease and in a cost-effective manner, Mr Mahalingam said.