Technically Speaking
Tata Eyes Emerging Markets
New business unit to focus on Middle East,Africa and Latin America
TATA CONSULTANC Y SERVICES, AN IT SER-
vices, business solutions and outsourcing
organization, announced that it will consolidate its operations in eastern Europe,
the Middle East, Africa and Latin America
into one business unit to diversify revenues
and risks, expand business in emerging
markets and explore new sources of talent.
“In order to further increase our market
leadership in emerging markets and build
a strong franchise in these geographies, we
are setting up a new strategic business unit
to help leverage new opportunities in those
four areas,” says N. Chandrasekaran, chief
operating officer and executive director of
Tata Consultancy Services. “With emerging market economies growing sharply, we
believe this is the right time to further
extend our presence and partner with customers in these geographies.”
Chandrasekaran points out that several industry analysts say emerging
markets account for about 25 percent
of the $730 billion Global IT Services
market, growing at an annual rate of 8
percent, faster than the developed
markets rate of 6 percent. Goldman
Sachs, meanwhile, estimates that the
economies of Brazil, Russia, India, N. Chandrasekaran
China and Mexico are rapidly expanding
and will account for half of the world gross
domestic product by 2050.
The new business unit will be lead by
Gabriel Rozman, who has led TCS’ operations in Latin America, Spain and Portugal
for the last five years. Rozman, who will
take over as executive vice president,
emerging markets, says, “The plan for
emerging economies include three immediate strategic priorities—upgrading our presence significantly in the BRIC economies,
entering new markets and expanding our
network of global delivery centers.”
In his former role, Rozman lead the
development of TCS’ Latin American
business, which makes up $4.7 percent
of TCS revenue. Meanwhile, TCS has set
up global delivery centers in six countries
in the region. —Joseph Kornik
Sapient Releases
ResultSpace, its
New ALM Tool
Now watch N. Chandrasekaran,
chief operating officer and executive
director of Tata Consultancy
Services, discuss TCS’s global footprint on Consulting magazine’s One-on-One at www.consultingmag.com.
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