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iGATE's Hiring Spree in India
Significant growth rate achieved by a couple of existing customers has motivated Integrated software and services company, iGATE Global Solutions to scale up its Chennai operations by going on a hiring spree of about 350-professionals during the course of 2006.
For the first time, iGATE is looking at hiring science graduates from Chennai in a big way. And, of the 350-IT professionals to be hired in Chennai, about 150 will be science graduates. Overall, it expects to hire about 200-science graduates over the next 12-months.
V Viswanathan, Asst Vice President - IT Solutions, iGATE, told Business Standard his company was looking at hiring science graduates (mathematics, chemistry and MS information technology) with high analytical ability and would expend a considerable outlay of investment in training them. Apart from the cost effectiveness of hiring science graduates, he said his company is impressed by the loyalty and passion displayed by these graduates.
Only last year, iGATE announced plans to make its Chennai operations a "Centre of excellence for J2EE and .NET", in order to focus on developing cutting edge applications for the manufacturing vertical. "We have made significant progress since last year. The Chennai operations develop new architecture, reusable components and other solutions in J2EEE and .NET segments." confirmed Viswanathan.
IGATE clients to be serviced out of its Chennai facility include a US-based Fortune 1000 client in the banking, financial services and insurance sector, a Fortune 50 Global Corporation, including a European Fortune 1000 client in the field of insurance. Its Chennai centre has also been responsible for developing new architecture for a leading media group.
With a 100,000-sq. ft. facility in Chennai, iGATE added an additional 35,000-sq. ft. to it last year. Having invested Rs. 60-crore in Chennai, this facility has capacity for accommodating a 1000-people, and is the second largest iGATE facility in India. Currently, it employs 650-professionals, including the 350 it added last year.
Apart from Chennai, iGATE has operations in Bangalore, Hyderabad and Noida. Furthermore, iGATE in Bangalore is currently in the midst of building Phase III of its campus (1000-people facility) at Whitefield (Bangalore) with an investment of Rs. 25-crore, which should be operational in the first quarter of fiscal year 2007.
With a global employee strength of over 4800-people, over 70% of them work out of its off-shore facilities in India . As a result of the cost effective, high quality performance of its Indian operations, iGATE for the year ended March 31, 2005 reported revenues of Rs. 580-crore and a net profit of Rs. 21-crore.
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manjot kamal
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