"iON has about Rs 1,000 cr in revenue now. It could become a separate unit because it has an entirely different way of working," a TCS exec said.
Indian BPOs have been attempting to move up the value chain in terms of services offered to clients as they look to improve their margins.
UK-based outsourcer Serco is considering options for its Indian BPO unit whose likely buyout by private equity players is taking longer than expected.
Infosys, Wipro, Tech Mahindra and Persistent Systems have set up venture capital arms to enter the world of startups in hope of finding innovative ideas.
Mphasis still owns a third of its domestic BPO unit and is working on implementing its strategic plan for the business, after it sold the rest of the business to Hinduja Global Services for Rs 17 crores.
TCS is widely expected to lead the earnings pack with sequential revenue growth of about 4 per cent and Infosys is forecast to report an improved showing.
"We have built a number of digital cloud platforms and will have 100,000 employees trained in digital technologies this year," Chandrasekaran said.
Public cloud services revenue in India will reach $838 million by the end of 2015, an increase of almost 33 per cent 2014 revenue.
Tech Mahindra, India's fifth largest IT services exporter, today warned that a seasonally weak mobility business and visa costs will impact its revenue in the Q1.
TCS last reported that it had 319,656 employees on its rolls. The co is also expected to hire about 60,000 employees in its current financial year.
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