India’s leading private sector firms are making their presence felt in Europe with Mahindra Satyam setting up an exclusive delivery centre for aerospace and Defence in Toulouse, France. Mahindra Satyam is a leading consulting, engineering and IT services provider in India and this will be its second venture in Europe following its dedicated aerospace centre in Hamburg, Germany.
According to Mahindra Satyam, the current move aims to consolidate the firm’s position in Europe and aims at forging greater ties for garnering regional aerospace and Defence businesses. The delivery centre at Toulouse in France will be offering engineering services and aims to hire 80 people locally. The centre will also be an office for developing the services around technologies like SAP, PLM and application management services.
Mahindra Satyam CEO CP Gurnani said that France is an important market and the firm is committed to invest on multiple fronts and enhancing the value delivered to the customers. The new centre is also aimed at shoring up operations and creating opportunities for local talent in engineering and Infotech domain.
Mahindra Satyam’s new centre at Toulouse will offer services based on Engineering Services around Electrics, Digital Mock-Up, Aero structures. The new centre by Mahindra Satyam in France is part of its strategy to offer a ‘Global Delivery Platform’ to its partners. The idea is to create a seamless organization with its partners and to extract skills and expertise.
Hyderabad-based Satyam is an associate company of Tech Mahindra Ltd., another outsourcing firm. Satyam is a supplier to aerospace giant European Aeronautic Defense & Space Co. (EADS) and has been involved in strategic engagements with its Airbus unit since 2004. It has also established engineering, information technology and manufacturing engagements with EADS companies across France, Germany, the U.K., India and China.
Mahindra Satyam is a leading IT service provider in the country and during the year ended March 31, its net profit stood at over $ 272 million against a net loss of roughly $ 3.25 million during the year ended March 31, 2011. Mahindra Satyam’s income from operations stood at $ 1.33 billion, up 24 percent during the year under review against $ 1.15 billion during the previous financial year.