TCS to set up software facility in Coimbatore

Tata Consultancy Services (TCS) is planning to set up its 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 sq ft. We expect the works to begin in six months," N Chandrasekharan, global head, (sales and operations), TCS, said.

Addressing a press conference, S Ramadorai, chief executive officer and managing director, 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.

"For the current fiscal, the number of offers made stands at 1,215, an increase of 67 per cent compared with last year's 727," he added.

S Padmanabhan, executive vice-president and head, (global human resources), TCS, said that Coimbatore was emerging as a promising IT hub and TCS was planning to play an integral role in the further development of the local economy by working with academic institutions by helping them train and develop talents in the region.

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.