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May 10, 2001
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Money > Business Headlines > Report May 10, 2001 |
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Tata Infotech to be merged with TCSBS ICE Bureau The information technology company of Tata Sons, Tata Infotech may be merged with Tata Consultancy Services, the software services division of Tata Sons. The proposed merger will create the largest infotech company in India. "The merger is on the cards but nobody knows when this is it likely," said Tata Infotech's managing director Nirmal Jain. In Tata Infotech Tata Sons holds 76 per cent equity while the remaining rests with the public. The company began operations in 1978 as Tata Burroughs ltd, a joint venture between Tata sons and Burroughs Corporation of the USA. In 1985 the company became Tata Unysis Ltd. In 1996, Tata Sons acquired the equity held by Unysis in Tata Unysis to become Tata Infotech Ltd. The company declared a Rs 140 million net profit for nine months ended December 31, 2000. Tata Infotech Wednesday also introduced its new range of professional courses for skill upgradation in the advanced and introductory value-added computer training segment. The new courses under the brand name of "Ambition" cater to the IT training needs of professionals, across the industry segments, Jain, said here. Tata infotech and its channel partners have invested to the tune of Rs 60 crore in the total courseware preparation along with setting up of training centres, he said. The company has invested majorly out of this estimated amount for training the faculty and for distribution channel, he added. He said the company in association with US-based Smartforce has brought out ambition range of courses which has been either co-developed or approved by 19 infotech vendors like Cisco, Microsoft, Oracle, Intel, SAP, Sun and IBM. Elaborating on the company's expansion plans for the education division, he said the company will enter 35 cities across the country including metros and small cities by the end of the year. "We will have 100 centres with the capacity to train 20,000 professionals by the end of the current fiscal", he said. Tata Infotech company will soon open its centre in Nepal along with 10 overseas cities including Vietnam, Singapore and South Africa. Jain said the company was targeting a growth of 15 per cent for the education services division, which contributes less than 10 per cent at present. Powered by YOU MAY ALSO WANT TO READ:
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