Cognizant to invest Rs 500 cr in Hyderabad facility

The fresh investment envisages adding a built-up area of 1.5 million sft on its 11-acre Gachibowli campus

IT, consulting and business process outsourcing services provider, Cognizant, will expand its facility at Gachibowli in Hyderabad with an investment of over Rs 500 crore. The fresh investment envisages adding a built-up area of 1.5 million sft on its 11-acre campus.

Cognizant currently has a 225,000-sft facility on the Gachibowli campus. Post the expansion, the facility will have a capacity to accommodate around 8,000 professional, the company said in a statement on Wednesday.

“Our Hyderabad centre is an important part of our integrated global delivery capability and represents our continued success in hiring the best talent to support our ever-expanding range of services, industries and geographies,” said Lakshmi Narayanan, vice-chairman of Cognizant.

Cognizant, which started its operations in Hyderabad in 2002, has grown from 180 professional in 2002 to more than 18,000 now. From its five facilities in Hyderabad – one self-owned and four leased – Cognizant services over 300 of its global clients in industries spanning banking and financial services, insurance, retail, hospitality, manufacturing and logistics, and life sciences.