Indian IT firm Satyam could make Hungary regional hub
Friday, October 21, 2005, 11:09
The Budapest centre of India's fourth largest IT and consultancy firm, Satyam Computer Services, which directly services the company's international clients, is busily recruiting graduates with a view to boosting its workforce in the capital to several hundred IT professionals, Világgazdaság reported. Satyam's European director Keshab Panda told Világgazdaság that the company had so far received employment subsidy of Ft 30 million from the Labor Ministry.
Budapest is one of the companys 13 global development centers, employing 60 software professionals. Satyam has set up shop in Hungary at the end of last year. Hungary is a good base for growing the firm's European operations as the country's professionals not only have exceptional talent in software design and maths but also a knowledge of a number of European languages such as German that the English-speaking Indians are unfamiliar with, he told the paper.
Satyam also finds Hungary attractive because other multinational services and consultancy companies such as IBM and EDS also have
large regional offices here and there is co-operation between them
on a number of projects. Hungary is Satyam's first and only site in Central and Eastern Europe and is the third on the continent as a whole. The company is present in 46 countries all over the world. Keshab Panda told the paper that the firm's Hungarian future operations would very much depend on further expansion in the region. India's biggest consultancy services firm Tata also has a global development centre in Budapest with over 160 professionals.