Interview - Mahindra Satyam Chairman Vineet Nayyar: We are expanding in Hyderabad, Chennai
Tuesday, 24th May 2011
Interview - Mahindra Satyam Chairman Vineet Nayyar
What is the investment that is being infused into creating new infrastructure?
Capital expenditure for our Hyderabad and Chennai campuses is between Rs 300 crore and Rs 400 crore. In our Hyderabad SEZ, spread across 26 acres with a built-up area of 400,000 sq ft, the first tower has come up and 4,000 associates have already moved in. We have started working on the next tower too, which will accommodate another 4,000 employees. We are building a large campus in Chennai and expect the Phase-I to be inaugurated in a few months. Ultimately, we will put in about 8,000 employees in Chennai. But, to begin with, there will be 3,000 to 4,000. In addition, we are thinking of putting up two towers in Visakhapatnam. The planning is done and work will start shortly.
Publication : Business Standard
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