Mphasis opens new development centre in Hyderabad

Hyderabad: Mphasis, a Bengaluru-based information technology solutions provider, on Friday inaugurated a new facility here, as part of a plan to expand its footprint in the city.

The new multi-client centre has a capacity to accommodate 500 employees. Mphasis entered Hyderabad in 2016, with an office space at Madhapur and an employee strength of 250.

Nitin Rakesh, CEO, Mphasis, said: 'When we entered this city, we were a team of 250 and currently we stand at a headcount of 300. By end of 2020, we will be looking at 800 employees with the new facility being operational."

Rakesh further said that the new centre would help build on the work the company does across verticals and a wide spectrum of 'next-gen' technologies.

While the first centre in Hyderabad mostly caters to financial service clients, the new centre will be a multi-client centre, he said, adding that Mphasis will also be expanding their Next Labs platform to the city.

Next Labs focuses on research and innovation on emergent and future prototypes for bringing out industry relevant solutions.

The CEO informed that if the right skill set for Next Labs is put into place, either from this city or from others, the lab can be expected to be operational in around nine months.

The Minister for IT and Industries K T Rama Rao, inaugurating the facility, said Telangana has a pool of skilled talent which companies like Mphasis can utilise.

Also, he invited the company to partner with the State for Sparkle Labs, a collaborative platform based on partnership with Mphasis, their clients and the startups.

Mphasis has 26,000 employees globally of which 20,000 are in India, and half of these in Bengaluru.

80 per cent of the business originates from the USA, 12 per cent from Europe and the rest of the world contributes about eight per cent.