India's Tech Mahindra to up US/Europe hiring -CEO

DAVOS Wed Jan 23, 2013 9:07am EST

DAVOS Jan 23 (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.

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.

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