On September 14, 2012, the largest Indian software company, Tata Consultancy, opened an office in Bloomington, a suburb of Minneapolis, where it already has 1000 workers. The new 50,000 sq ft software facility will house 300 employees, 150 of whom are new to this Indian software company. Tata is doing this in part in response to comments by U.S. presidential candidates that outsourcing is taking jobs from U.S. workers. Tata plans to hire 2000 more U.S. employees by March, 2013. Minnesota Governor Mark Dayton said that the successful Indian software company Tata will become a “very important employer” in Bloomington. With headquarters in Mumbai, India, Tata has had offices in New York City since 1979, with a total of 18 offices throughout the U.S. This Indian software company also does outsourcing and is known worldwide for business solutions. Its revenue? Over 10 billion a year–with a profit of 2.2 billion.
Tata will receive a $500,000 loan from the state of Minnesota, half of which will be forgiven if Tata creates 150 new software jobs that earn at least $27 an hour. As of June, 2012, this Indian software company had almost 250,000 employees worldwide, so adding a few hundred–to forgive $250,000 in U.S. loan dollars–is entirely do-able.
In 1981, Tata established India’s first dedicated software research and development center in Pune. This Indian software company now has 183 offices in 43 countries. Application development and maintenance are 45% of its business. In the area of outsourcing, Tata’s BPO is the second largest BPO company in India, with a facility in the Philippines. Tata also ranks as the world’s 7th greenest company, according to Newsweek. Tata made 24,000 offers to new graduates at various IT colleges in India, and plans to hire a total of 37,000 engineers by the end of 2012.