TCS announces new delivery center in Brazil, to create 1600 jobs

Tata Consultancy Services (TCS), a global information technology services, consulting, and business solutions provider, has announced plans to open a new delivery center in Londrina, Paraná, Brazil. This move is set to generate over 1,600 job opportunities within the next five years, which would bolster the local economy and expand TCS' footprint in the region, the company stated in a filing to the Bombay Stock Exchange on Monday.

TCS first established its presence in Londrina in 2018 and currently employs approximately 1,700 professionals in the city. The introduction of the new centralized campus will bring together the city's workforce under one roof, fostering a dynamic environment for collaboration and innovation in Londrina.

"The delivery center will specialize in key areas such as business transformation, artificial intelligence, and cognitive business operations, offering a comprehensive suite of IT services to clients in Brazil and around the world," the company said.

During a recent visit to the Tata Experience Centre in Mumbai, Carlos Massa Ratinho Junior, Governor of the State of Paraná, Brazil, emphasized the significance of TCS' investment in the region.

He said, "This announcement by TCS is so important to us because it involves a strategic area for the development of our state. I have come to India to learn more about the capabilities that the country has built in many areas, especially in digital technologies, where India is a global leader, and leveraging experiences from here we can deepen digitization of various services and products for the Brazilian economy."

Bruno Rocha, Country Head of TCS Brazil, highlighted the company's steadfast commitment to Brazil and its confidence in local talent. He said, "We are looking to double the number of associates in key areas such as cybersecurity, cloud, cognitive business operations, IT infrastructure services, artificial intelligence, and automation, reflecting our dedication to innovation and excellence in technology services."

With over two decades of operations in Brazil, TCS has established a strong presence in key cities, including Londrina, São Paulo, and Rio de Janeiro. The company has served a diverse clientele spanning industries such as banking, insurance, mining, retail, and telecommunications.

TCS, in an exchange filing on April 12 reported a 9 percent rise in consolidated net profit at Rs 12,434 crore for the fourth quarter of FY24 as against Rs 11,392 crore in the year-ago period. Revenue rose 3.5 percent to Rs 61,237 crore in the three months ended March 31, 2024. 

For the full year of FY24, revenue grew by 6.8 percent YoY to Rs 240,893 crore. Net profit for the year was at Rs 46,585 crore. Operating margin for the year was 24.6%.