The Chief Financial Officer Samir Seksaria said that the Indian IT giant, Tata Consultancy Services (TCS) is looking to create a capacity of over 25,000 seats in Bengaluru over the long term on a land parcel acquired recently.
How Did This Happen?
Further, Seksaria stated that the company is planning to put the capacity to expand in Whitefield, Bengaluru, a prime area of the IT capital, on the occasion of the Tata Group company announcing Rs 1,625-crore land buy deal last week.
So far, the IT service provider has about 70,000 employees in various offices across Bengaluru.
It appears that the IT firm is adopting a mix of lease and build approach when it comes to setting up its units, and the effort in Bengaluru is part of the latter, Seksaria added.
The IT company seems to be building campuses or facilities across various pockets of the country.
TCS Making Clear Aims To Expand
The last of such centres to be inaugurated was in Coimbatore, Seksaria said.
Further adding, “The same program (BSNL) as it tapers down at a portfolio level, at an overall level, there would be a benefit which would come in (on margins),” while replying to a question on the impact of the BSNL deal’s tapering down on margins.
Although, the CFO declined to share a number on the positive impact on the operating profit front.
While that being said, the company reported an operating profit margin of 24.5% for the December quarter, further making it clear that it aims to expand on it.
Notably, TCS would be tapering down in the BSNL contract till the September quarter of FY26, Seksaria said.
Over the last few quarters, the over Rs 15,000-crore deal to help BSNL roll out a countrywide 4G network has had a significant contribution to the Tata group company’s revenue growth notably.
Further talking on this subject, Seksaria noted that the company will make up for the tapering BSNL revenue from other sources across all markets it serves.
