In a bid to expand its European delivery footprint, Tech Mahindra is reportedly planning to set up new 200-seater centre in Hungary. In this regard, the company has identified the capital city of Budapest to provide IT support to an expanding clientele in Eastern Europe.
The company has already secured an anchor customer for its Budapest centre. In the first round of hiring, 50 new jobs will be created at the centre. The decision to setup the centre was also aided by the tax breaks that Tech Mahindra received from the government.
For the last few quarters, the IT firm has been strengthening its presence in Europe, which accounts for about 31 percent of the company’s revenue. Business in Europe grew by about five percent sequentially in the quarter ended June 30, 2014.