Cognizant Technologies to hire 7,200 people
By Our Corporate Bureau | 25 Feb 2005
Bangalore: Cognizant Technology Solutions is set to invest $76 million in setting up new development centres and expanding the existing ones across India during 2005 and 2006. The company is investing close to Rs130 crore in its new centre in Bangalore, and will also expand its centres in Hyderabad, Pune, Chennai and Kolkata, which will house over 9,000 people, said Lakshmi Narayanan, president and CEO, Cognizant.
The company has also acquired about 10 acres at Electronics City, Bangalore, to meet its future expansion needs.
Cognizant, in a bid to augment its capabilities and offers, is looking at acquisitions in areas such as open source and high-end business process outsourcing, Narayanan said.
It expects to add 7,200 people, 10 per cent of whom would be hired overseas. The company expects to finish the current calendar year with over 22,500 employees. About 60 per cent of the new recruits would be from campuses while the remaining laterals, he said.
The US-headquartered Cognizant has nearly 70 per cent of its 15,300 employees operating from India.