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Satyam opens development centre in China

Satyam opens development centre in China
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First Published: Thu, Feb 08 2007. 10 42 PM IST
Updated: Thu, Feb 08 2007. 10 42 PM IST
 Nanjing: Satyam Computer Services Ltd, India’s fourth largest software services firm, opened a development centre, its biggest outside India, in this eastern Chinese city, and said it was keen to expand operations in the country through strategic acquisitions. The investment in China may help the company boost revenue growth, which has lagged behind that of larger rivals Tata Consultancy Services Ltd and Infosys Technologies Ltd. The Hyderabad-based Satyam wants to win more contracts from customers such as Nissan Motors Co., which are increasing the size of their China operations. “In this part of the world we have a stronger presence than the competition,” said B. Ramalinga Raju, the company’s chairman. Satyam plans to employ 500 people at the centre this year. It opened its first software centre in China five years ago in Shanghai. It now has offices in the cities of Beijing, Dalian and Guangzhou. By 2010, its operations in China will employ 5000. The company plans to eventually have 10% of its workforce outside India, 90% of which will be in China, Raju added.
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First Published: Thu, Feb 08 2007. 10 42 PM IST
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