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tpno6w92 · Posted: Wed 12:31, 31 Jul 2013 Post subject: Phaneesh Murthy

We have done initial work with UIDAI as a pilot project, but now it will come out with tender and we will bid for it,[link widoczny dla zalogowanych], President and Chief Executive Officer, Phaneesh Murthy, told Business Line.He said the company will invest $120 million over the next three years to expand its centres and develop new technologies for customers in banking, financial services and insurance, mortgage,[link widoczny dla zalogowanych], and pharmaceuticals.It will also hire around 1,000 people by end of this year across its centres globally, including the new centre in Pensacola,[link widoczny dla zalogowanych], US, he said. The company has around 27,000 employees right now.It has around 250 people in the Pensacola centre done through lateral hirings. At the entry level, it will hire around 25 in the next placement season (JuneJuly), he said.The company is building a 50acre campus in Mumbai and a 35acre residential campus in Pune and expanding the Bangalore campus, Murthy said.He said the company has a cash reserve of $600 million and would look at acquisitions and mergers as and when the company requires.now,[link widoczny dla zalogowanych], the first thing to do is after 2014, we need to start reducing [cash] by paying off some of the debts.
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