Infosys Technologies expands operations in Chennai Acquires 129 acres of land in Mahindra City
Bangalore, August 20, 2003: Infosys Technologies (NASDAQ:INFY), the leading IT consulting and software services provider, today announced its plans to expand operations in Chennai. The company, which has a 13-acre campus in Sholinganallur, has now added 129 acres of land in Mahindra City, for its second campus. Infosys plans to invest approximately Rs 250 crores in the facility which has the potential to grow to a 5,000-people campus.
Announcing the decision, Mr Nandan Nilekani, CEO, President, and MD, Infosys Technologies said, "Mahindra City offers truly world class infrastructure to match our status as a global player. We are committed to providing the best facilities for our people and I am sure our campus at the Mahindra City would prove to be an ideal environment for our employees."
Speaking on the occasion, Mr. Anand Mahindra, Vice Chairman and Managing Director, M&M said, "India is poised to achieve exponential growth rates, and become one of the most dynamic economies in the world. I believe that Mahindra City, with its outstanding facilities and services, exemplifies this new India that is world-class. It is therefore a matter of great pride for the Mahindra Group that Infosys - a global leader and a pioneer, has decided to establish a new complex within Mahindra City."
Infosys' Chennai operations started in 1995 and the company has so far invested Rs 100 crores in the campus. Exports from the Chennai centre, which currently employs 2400 people, stood at Rs 548 crores for financial year ended March 31, 2003.
Mr. Kris Gopalakrishnan, Chief Operating Officer, Infosys Technologies Ltd said, "Infosys' Chennai operations have grown rapidly since the time of its inception. It is one of the first centres to have implemented the practices of the CMMISM model to provide measurable business benefits to clients. The new centre and our expansion plans are testimony to the dedication and high quality work produced by our Chennai team. We are also grateful to the Government of Tamil Nadu for being extremely co-operative and progressive in its IT initiatives, which has been an important factor in the growth of Infosys operations here.
Mr. Arun Nanda, Executive Director & President, Infrastructure Development Sector, M&M said, "I am delighted Infosys has chosen Mahindra City as its destination to house its new facility. When we decided to set up the industrial park the objective was to create a world class integrated facility, a business city where the most demanding customers ask for the best and get it."