Mastek plans big ODC in Chennai

Mastek has signed an agreement to acquire 15.5 acres of land at Mahindra City in Chennai, the company said in a release issued to the BSE today.

The company will be investing substantially in the project in the coming years as this will be the group's first development centre outside Maharashtra and the sixth development centre in India, the release said.

Ashank Desai, chairman of Mastek, said: "Mastek has grown to over 2,700 employees and we are steadily increasing in numbers. We need infrastructure, which will grow with our aspirations, and the Chennai Development Centre is in line with our growth strategy. It will be Mastek's biggest facility till date and we are very excited about coming to Chennai."

"Chennai was our choice primarily because of the manpower availability besides cost and infrastructure. The talent pool here is just apt considering the complex and mission critical nature of projects Mastek works on," Desai added.