TCS aims 10% revenue from govt projects, to hire 25,000

Finding immense potential in government projects, leading IT company Tata Consultancy Services (TCS) is aiming 10 per cent of its total revenue from these projects in the next three years, besides, adding 25,000 employees this year.

"Currently, our revenue from government projects is very small and we want to raise it to at least 10 per cent of our total revenue in the next three years," TCS Vice President (Head Global Government Industry Group) Tanmoy Chakrabarty said here today on the sidelines of an E-revolution initiative organized jointly by Punjab, Haryana and Chandigarh.

TCS, last year, recorded total revenue of $6 billion and it expects to increase it to $10 billion in the next few years. Out of the total revenue, the domestic market has a share of 70 per cent and the rest comes from the global markets, he said.

TCS would also hire 25,000 more people this year to support its ongoing and upcoming projects. "We have an employee strength of 1.45 lakh people and we want to add 25,000 more people this year," he said.

In the domestic market, the company was developing a Rs 1,000-crore 'Passport Seva Project' to provide speedy passport delivery services.