Tech Mahindra to up US/Europe hiring: CEO Gurnani

Tech Mahindra, India's fifth-largest software services provider, will increase local hiring in the United States and Europe as it seeks to become a more international partner to its customers, chief executive C P Gurnani said.

"I strongly believe that any company that only depends on the India-centric outsourcing model is only counting days," Gurnani told Reuters in Davos on Tuesday.

Tech Mahindra, part of India's $15.9 billion Mahindra group, has opened centres in Belgium, the Netherlands and Germany.

"We've all reached a size and scale; some of us have clearly had to become a lot more international," Gurnani said.

Tech Mahindra, which is in the process of merging with its Satyam Computer Services unit, aims to double the combined revenue to about $5 billion (Rs 26,820 crore) by 2015.

Copyright @ Thomson Reuters 2013