Bangalore-based MindTree Consulting will be inaugurating its Mahindra World City development centre in Chennai next month. Planned to accommodate a manpower strength of 2,500 when it is completed in 2009, 550 employees will be joining the first batch. Of this 400 would be handling IT services and the rest would be inducted into research and development.
“Recruitments have started and we are taking engineers in computer science and electronics as well as MCAs. Already 1,000 freshers have been recruited during July and October for various centres. They are currently undergoing training at Bangalore,†said President and CEO, R&D Services, S Janakiraman.
Out of these, 700 will be absorbed in IT services and the balance in R&D services, who are undergoing training in integrated circuit design, embedded software among others. At present, the company has around 5,500 people of which 1,500 are in the R&D services. According to Janakiraman, for R&D services, MindTree-Chennai will be providing design consulting to clients in the automotive, communications and manufacturing sectors.
“Chennai is fast developing as a hub for research and development services,†he pointed out. Already MindTree staffs 300 people at the Olympia Technology Park in the city. The company expects a revenue of USD 35 million from the Olympia centre and Mahindra City centre within a year. Research and Development activities are likely to contribute 25 percent of the total revenue from the Mahindra City centre when it is ready.
MindTree is targeting a turnover of USD 180 million this fiscal compared to USD 130 million last year with a growth of 30 to 40 percent in FY’08. The company would also add more clients in the current fiscal. It added 28 clients during last quarter with a total of 192 customers on its rolls currently. Source: newindpress
