Tech Mahindra to up U.S./Europe hiring - CEO

Last Updated: Wed, Jan 23, 2013 14:50 hrs

By Axel Threlfall

DAVOS (Reuters) - Tech Mahindra, India's fifth-largest software services provider, will increase local hiring in the United States and Europe as it seeks to become a more international partner to its customers, Chief Executive C P Gurnani said.

"I strongly believe that any company that only depends on the India-centric outsourcing model is only counting days," Gurnani told Reuters in Davos on Tuesday.

Video: Innovation key to survival: Mahindra Satyam CEO

Tech Mahindra, part of India's $15.9 billion Mahindra group, has opened centres in Belgium, the Netherlands and Germany.

"We've all reached a size and scale; some of us have clearly had to become a lot more international," Gurnani said.

Tech Mahindra, which is in the process of merging with its Satyam Computer Services unit, aims to double the combined revenue to about $5 billion by 2015.

(Additional reporting and writing By Harichandan Arakali in Bangalore; Editing by Will Waterman)

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