Software Company Tata Consultancy Services (TCS) plans to shore up revenues from government projects. TCS is looking to bag global e-governance projects and plans to set up satellite development centers across eastern Europe, Latin America and south-east Asia. Eventually, such business is expected to contribute nearly 10% to the company’s top line in three years.   

By then, TCS’ employee strength for this vertical will rise from 1,500 to 10,000 software professionals. At present, the government projects vertical accounts for nearly 3% of the company’s turnover.   

“There is a huge market for e-governance projects across the globe, especially in developing countries. In three years, about 50% of revenues will flow in from international markets and this division will contribute 10% to the company’s turnover,” Mr Tanmoy Chakrabarty, vice-president and head (global government industry group) at TCS said.   

 

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