Tech has applied for land to expand in Pune, Hyderabad and Bangalore.
Last year, they recruited 1300 engineers who will join from this year. This year they plan to hire 3500 freshers and also 400 experienced professionals every month. They have also applied for expansion of our centres in Pune (15 Acres), Hyderabad (15 acres) and Bangalore (15 acres). It has acquired lands of around 60 acres in various centres and development work is expected to be completed in next two years.
Tech has recruited 60 freshers from Dhirubhai Ambani Institute of Information and Communication Technology (DAIICT) and Nirma Institute of Technology (NIT). It will also visit another six to seven engineering institutes. The recruits will be based in its centres in India and overseas. Currently, the head count at Tech is around 11,700 which has more than doubled from 5,617 in 2005.
Out of the total existing staff 1,000 is based in UK and 300 in the US. Tech had a turnover of $280 mn in 2005-2006 while in terms of profit it was US$ 53 mn from US $23 mn in the previous year.
About 99 per cent of its softwares are exported. Recently rechristened as Tech Mahindra from Mahindra British Telecom, the company is undergoing a transformation and addressing new players in the telecom ecosystem and service lines. It will also launch intellectual property leakage solution, informally called Inte-leak soon. It has also ventured into media digital rights management solution.
