TCS Forms Emerging Mkts Unit

Tata Consultancy Services sets up strategic unit to expand presence in emerging markets

January 17, 2008

1 Min Read

MUMBAI, India --

  • New strategy to diversify revenues and risks, expand business in emerging markets and explore new sources of talent

  • New Unit will focus on emerging markets across Eastern Europe, Middle East, Africa and Latin America

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm, announced today that will consolidate its operations in Eastern Europe, The Middle East, Africa and Latin America into a strategic business unit and appointed Gabriel Rozman, as Executive Vice President – Emerging Markets.

Mr. Rozman, who has led TCS’ operations in Latin America, Spain and Portugal for the last 5 years, will be responsible for expanding the company’s presence and growth in emerging markets in order to further diversify its revenue base as well as expand its Global Network Delivery ModelTM.

“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 Eastern Europe, The Middle East, Africa and Latin America,” said 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.”

Tata Consultancy Services Ltd.

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