Mahindra Satyam to invest Rs 800 crore to set up IT centers in Hyderabad, Chennai, Visakhapatnam and Bangalore

Infotech Lead India: Consulting and IT services provider Mahindra Satyam will set up additional IT development centers in Hyderabad, Chennai, Visakhapatnam and Bangalore.

The company will spend Rs 800 crore for creating additional capacity of 15000 spaces in the existing campuses in next two years.

Meanwhile, Mahindra Satyam has started construction of its IT development center in Nagpur.

Mahindra Satyam will spend around Rs 80 crore for setting up the 1000 seat capacity IT development center.

The company said the phase-I of the campus will be operational within 15-18 months.

Mahindra Satyam also announced its expansion at Bhubaneswar (Odisha) to expand the existing campus.

“Expansion into tier-II cities is the logical expansion of our Global Delivery model that will augur well for our quest towards Mission 2015. I am confident that apart from creating employment opportunities in these cities, we will be able to foster innovation as a significant part of our growth agenda,” said Shivanand Raja, senior vice president, Commercial & Corporate Services, Mahindra Satyam.

“MIHAN marks yet another progressive move from the state towards creating not just world class cities but unparalleled landmark on the global commercial map. With quality infrastructure, smart lifestyle options and an investor friendly business environment, MIHAN extend an open invitation to investors and institutions willing to partner in India’s growth story,” said UPS Madan, vice chairman and managing director, MADC.

The expansion of Mahindra Satyam into MIHAN SEZ along with other Indian software giants like Infosys and TCS will boost the growth of IT services in this region.

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