Tata Technologies to hire 400 people by March 2012

Monday, 27 June 2011, 03:41 Hrs   |    2 Comments
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New Delhi: Embarking on an expansion plan, Tata Technologies will hire 400 people by March, 2012 which will take its headcount to over 5,000.

"We are significantly ramping up our presence, our new Bangalore centre is a step in that direction. We are hiring aggressively and by fiscal-end, we should have more than 5,000 employees," Tata Technologies President, Global Services, and Chief Operating Officer (Asia Pacific) Samir Yajnik told PTI.

These people will be hired across various centres, he added.

The Tata group company provides services in engineering and design (E&D), product lifecycle management (PLM), enterprise solutions, manufacturing and product development IT services.

It has clients in automotive, aerospace, construction and heavy engineering space across North America, Europe, the Middle East and the Asia Pacific region.

"There is a huge demand from clients in the automotive, aerospace and construction/heavy engineering verticals and that is spread across various geographies," Yajnik said.

Founded in 1989, the company has about 4,600 employees and has delivery centers in Detroit (the US), Coventry (the UK), Stuttgart (Germany), Bangkok (Thailand), Pune and Bangalore (India).

"The centre at Bangalore has been set up keeping in mind the large pool of qualified engineering and IT professionals who prefer living and working in Bengaluru," Yajnik said.

In May this year, the company announced that it has completed a round of equity funding for Rs 141.06 crore ($30 million) from Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I.

The investment represented a 13.04 percent equity stake on fully diluted basis.

Tata Technologies has reported a revenue of Rs 1,249.30 crore for year ended March 31, 2011.
Source: PTI
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