Monday, May 18, 2009

Tech – Mahindra Acquires Satyam Computers

Kolkata: Tech Mahindra, the new owner of tainted Satyam Computer Services, is planning to start a brand new 1000-seater BPO unit at the plush DLP towers in Kolkata. It will complete its two stage acquisition of 50,000 square feet of prime floor space at DLF towers on a long term lease.

According to sources, a senior executive of Tech Mahindra confirmed that, they have plans to acquire the 50,000 sqft of area on a long term lease. Presently, they have just acquired 25,000 sqft and will acquire the rest in few days to come. He also added that, Tech Mahindra had plans to launch a BPO unit in the eastern fringes of Kolkata. The location proposed is the Rajarhat IT zone by mid of July. Initially, the BPO unit will have 500 seaters and later it will be increased to 1000-seater facility within a time period of nine months.

Presently, Tech Mahindra runs its BPO units at Gurgoan, Pune, Chennai and Noida. Its offshore BPO units are at Belfast and Newcastle. It has some 4000 employees in India and some 500-odd employees in Northern Ireland and the UK.

The company plans to recruit about 1000 employees for its Kolkata center. The company's executives were not available for comments but the information trickling out from the property circles suggest that, the company is trying to negotiate the deal for RS 60 per sq ft as the lease charges to the DLF group.

Most of the big giants are looking for commercial office space in Rajarhat area in Kolkata, simply because of the quality of infrastructure and attractive real estate prices. Currently, the city's real estate market seems to be improving according to the associate director and head of Jones Lang La Salle Meghraj (JLLM) (Kolkata), Mr. Mayank Saksena.

The commercial office space in Salt Lake is being leased out for Rs 40-45 per sqft per month, but that in Rajarhat has been leased out at Rs 30-35 per sq ft per month excluding the maintenance cost, property tax and other miscellaneous charges.

Most of the builders who are developing projects in Rajarhat are focusing on support services like additional transport facilities connecting the main city and Rajarhat area and lower real estate prices to lure more number of prospective buyers. Mr . Saksena added that, the new unit of Tech Mahindra will essentially work for the BPO services outsourced by some of the top telecom companies operating in the Asia-pacific region.

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