Satyam Computers Services Ltd., India’s permier IT and BPO services provider is expanding its presence in South America. According to company President Ram Mynampati, Satyam is considering setting up centers in South American Countries like Mexico, Chile or Uruguay.
Satyam already has its development centres in Egypt, Brazil and Australia where it recently opened its second centre. This expansion comes at a time when the US economy is going bad and the Indian IT companies are trying to get more percentage of their revenues from outside the US.
The US contributes about 60 percent to the company’s revenue while Europe accounts for 19.5 percent. Expansion in South America is part of the strategy to get from revenue from the South American countries and thus further reduce its dependence on the US.
IT major, Satyam Computers Services Ltd, plans to set up IT and BPO development centers in Mexico and Chile or Uruguay shortly, a top company official said.
The company hopes to get about 50 percent of its total revenues from Asia Pacific region shortly and its domestic Indian business is also growing at a fierce pace of 100% year on year.