French
IT giant Capgemini, with over 40% of its workforce in India, is looking
to consolidate its Indian entities into a single holding company. Its
consolidated operations are likely to be largely based in Bengaluru
where the company is looking for a one-million-sqft office space.
Capgemini operates four entities in India - Capgemini Business Services, Capgemini Consulting India, Capgemini India, Capgemini Consulting India - which are headquartered in Mumbai. When TOI contacted Capgemini on its consolidation drive, the company said: "At this point in time, we've no comments on the legal structure."
The 11-billion-euro technology company has floated a request for proposal for over 1 million sqft of office space in Bengaluru. This is part of the company's consolidation and growth strategy here, said one of the sources privy to the development. The company's annual report last year said that approximately one-third of the office space absorbed by the company globally was located in India.
TOI could not ascertain how much of the new space being leased was creation of fresh capacity and how much was part of consolidation of some existing facilities.
"As part of our expansion, we're looking at expanding in several cities in India as well as in Bengaluru. We've increased our campus recruitment and we will continue to do so this year too," the company spokesperson said. Earlier this year, the company said its headcount in India had crossed 50,000. Company CEO Paul Hermelin had said on a visit to Bengaluru that the French IT firm was reporting robust growth figures of 15%-16% in India, compared with 3% in France.
Capgemini has employees in nine cities - Mumbai, Pune, Gurgaon, Bengaluru, Hyderabad, Chennai, Trichy, Salem and Kolkata.
The company, which provides technology and outsourcing services across government and public sectors, energy and utilities, telecom and financial services sectors, has been one of the most aggressive among IT MNCs in using India as an offshoring location. As of the September quarter, the company had 1.41 lakh employees. The India headcount is expected to rise to 70,000 by 2016.
Capgemini operates four entities in India - Capgemini Business Services, Capgemini Consulting India, Capgemini India, Capgemini Consulting India - which are headquartered in Mumbai. When TOI contacted Capgemini on its consolidation drive, the company said: "At this point in time, we've no comments on the legal structure."
The 11-billion-euro technology company has floated a request for proposal for over 1 million sqft of office space in Bengaluru. This is part of the company's consolidation and growth strategy here, said one of the sources privy to the development. The company's annual report last year said that approximately one-third of the office space absorbed by the company globally was located in India.
TOI could not ascertain how much of the new space being leased was creation of fresh capacity and how much was part of consolidation of some existing facilities.
"As part of our expansion, we're looking at expanding in several cities in India as well as in Bengaluru. We've increased our campus recruitment and we will continue to do so this year too," the company spokesperson said. Earlier this year, the company said its headcount in India had crossed 50,000. Company CEO Paul Hermelin had said on a visit to Bengaluru that the French IT firm was reporting robust growth figures of 15%-16% in India, compared with 3% in France.
Capgemini has employees in nine cities - Mumbai, Pune, Gurgaon, Bengaluru, Hyderabad, Chennai, Trichy, Salem and Kolkata.
The company, which provides technology and outsourcing services across government and public sectors, energy and utilities, telecom and financial services sectors, has been one of the most aggressive among IT MNCs in using India as an offshoring location. As of the September quarter, the company had 1.41 lakh employees. The India headcount is expected to rise to 70,000 by 2016.
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