IT services and consulting firm Cognizant will expand its facility at Gachibowli in Hyderabad with an investment of over Rs 500 crore. The company is looking at adding an additional area of 1.5 million square feet at its 11-acre Gachibowli campus. At present, the company has 2.25 lakh square ft of built-in space at the campus.
The company started operations in Hyderabad in 2002 with 180 employees. Currently, it has 18,000 employees and five facilities in the city.
“The expanded facility can accommodate around 8,000 employees,” Lakshmi Narayanan, Vice-Chairman of Cognizant, has said.
"Besides growing our operations here, the centre would help us tap huge the talent pool available here,'' he said, while announcing the expansion plan in a statement on Wednesday.
The Hyderabad centre services over 300 of its global clients in industries spanning banking and financial services, insurance, retail, hospitality, manufacturing and logistics, and life sciences.