Tata Consultancy Services (TCS) is planning to set up a software development facility in Coimbatore by the end of the current fiscal. This is likely to be a financial services vertical.The company is planning to accomodate around 1,000 employees in its new facility and is in talks with the Tamil Nadu government for allocation of space in the proposed information technology park here."The talks are still on. Initially, we are on the lookout for a leased property of around 100,000 sqft. We expect the work to begin in 6 months," N Chandrasekharan, global (sales and operations) head of TCS, said. The move came in the wake of larger employee base in Coimbatore thanks to the presence of many reputed engineering and technical educational institutions in and around the city, S Ramadorai, CEO & MD of TCS, said."For the current fiscal, the number of offers made stands at 1,215, an increase of 67% compared with last year's 727. Coimbatore is emerging as a key catchment area for TCS," he added.Coimbatore is emerging as a promising IT hub and TCS plans to play an integral role in the further development of the local economy by working with academic institutions and helping them train and develop talent in the region, S Padmanabhan, exec VP & (global human resources) head of TCS, said.The company already has a 100-seat engineering Centre of Excellence (CoE) in Coimbatore which caters to the needs of small and mid-sized engineering units in the region. It has also established a physical facilitation centre here when it kickstarted the MCA 21 programme, an online filing facility of statutory documents with the Registrar of Companies (RoC), earlier this year.
