Tata Consultancy Services (TCS) has expanded its operations in Budapest, creating 500 new jobs at its Budapest-based global service center and expanding office space by 5,000 square meters.
Péter Szijjártó, minister of Foreign Affairs and Trade, said the service center, launched with a few dozen engineers in 2001, now employs 1,800 highly-qualified engineers, economists, IT experts and developers, more than 10 percent are students.
According to MTI, the expansion is another success of the government’s strategic opening towards the East and a victory in an environment where western and central European countries compete for investments by large, technologically advanced Asian companies, he said. After the car industry, services are the second largest of such areas of investment, he said.
Prabal Datta, Tata Consultancy’s managing director, noted that the company had been present in Hungary for 15 years, and established a strategic partnership with the government in 2013.
According to public company data, TCS Hungary’s net sales revenue was 10.86 billion HUF (34.7m EUR) in the financial year ending on March 31, 2015.