Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Mphasis sets up new facility in Hyderabad

The new centre would help build on the work the company does across verticals and a wide spectrum of 'next-gen' technologies.

Sep 27, 2019, 05.03 PM IST
Untitled design (2)
Hyderabad: Mphasis, a Bengaluru-based information technology solutions provider specialising in cloud and cognitive services, inaugurated a new facility here on Friday, as part of a plan to expand its footprint in the city.

The new centre would help build on the work the company does across verticals and a wide spectrum of 'next-gen' technologies, chief executive officer and director of Mphasis Nitin Rakesh said in a press release.

"Hyderabad is fast emerging as the leading centre for tech opportunities with its large pool of skilled talent. I would like to take this opportunity to thank the IT minister (KT Rama Rao) for helping us set the foundation three years ago and for his continued interest in Mphasis' growth," Rakesh said.

The Minister for IT and Industries K T Rama Rao, inaugurating the facility, said Telangana has always endeavoured to promote progress and development by encouraging investment in key sectors such as information technology.

"As a state, we continue to welcome interest from innovators globally to capitalise on the available tech talent in the city. I had the privilege of inaugurating the Mphasis maiden facility back in 2016 and am immensely pleased to see them expand base here," he said.

Mphasis has 26,000 employees globally and 80 per cent of the business originated from the USA, 12 per cent from Europe and the rest of the world about eight per cent.
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service