TCS continues strategy to consolidate workspaces despite work-from-home plans

MUMBAI: Despite asserting final month that it will let 75% of its workers work from home by 2025, Tata Consultancy Services has continued with its technique of consolidating workspaces, with the nation’s high IT companies supplier looking for approval to construct two new IT parks of 5 million sq. toes in addition to lease an extra 1 million sq ft.

The software program companies exporter is planning to arrange an over four million sq ft IT park unfold over a 50-acre plot in Noida and is within the means of setting up its personal 1 million sq ft park in Pune’s Hinjewadi. It has

The IT bellwether additionally entered into an settlement to select up a 1 million sq ft workplace house in Thane final week, a number of individuals with direct information of the event stated.

“The approval for IT/ITeS Special Economic Zone in Noida’s Sector 157 was secured in late March. One of the 2 land parcels is owned by TCS and can be developed by the corporate via building contractors,” stated one of many individuals.

Of the proposed services, the land parcel in Pune is owned by the corporate and has been transformed right into a Special Economic Zone (SEZ) with approvals, whereas the Noida land parcel has been allotted by the federal government.

“The commitments were made in the last fiscal year and we have taken these future developments into consideration when we articulated our 25/25 vision and the Secure Borderless Work Spaces (SBWS) work norm,” a TCS spokesperson stated.

“The phased growth of those services will function modern-day workplaces for our associates, as additionally home our laboratories and Research and Development services whereas rationalising our presence throughout a number of workplaces within the respective areas,” the spokesperson added.

Top officers near the event, nonetheless, stated that value financial savings on account of make money working from home in the course of the lockdown and journey restrictions have made TCS rethink its actual property technique.

“Much of their IT park plans had commenced earlier and had to be completed. Nothing is cast in stone…Costs will play a big decision going ahead,” an official stated requesting anonymity.

The Mumbai-headquartered firm is current in 50 nations and its complete headcount is greater than 450,000.

The new services in Pune and Noida are anticipated to accommodate over 50,000 workers or 11% of TCS’s present workforce, factoring a mean per worker house of 125 sq ft as corporations now assemble and match workplaces with social distancing norms in thoughts.

More than a decade in the past, IT/ITeS corporations began decreasing the typical house per particular person of their workplace layouts and design to neutralise the influence of pricy actual property prices and drive house utilisation.

In some circumstances, the quantity had declined to 60 sq ft per particular person as in opposition to the then normal of 125 sq ft.