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Satyam could hire 30,000 more in a few years
December 28, 2004 14:56 IST
The NYSE-listed Satyam Computer Services on Tuesday said the company has the potential to grow from its current employee strength of 20,000 to 50,000 in a few years.
"There is a significant growth potential in the market for companies like Satyam. In a few years' time, we have the potential to move from 20,000 to 50,000 employees," S Ramalinga Raju, chairman and managing director, Satyam Computer, said at a FICCI AGM in New Delhi.
However, this would depend on how the market behaves and the opportunities available.
"If the industry continues to grow at the current rate of 30-31 per cent every year, exports of IT services alone will touch $1 trillion in the next 15-20 years," he said.
Hyderabad-based Satyam had recently opened a development centre in Hungary and a marketing office in Brazil. It had also announced a sponsored ADS issue of $360 million.
He said India should leverage its lead in services sector to boost its manufacturing sector like China which has asked its companies to set up production units in the country itself instead of outsourcing.