Green Card from Invest Sofia for the Indian Multinational IT and Consulting Company Tata Consultancy Services
The Chairman of the Sofia City Council Georgi Georgiev presented a Green Card for administrative services from Invest Sofia to Tata Consultancy Services Bulgaria (TCS). The Indian multinational IT company opened a shared services center in Sofia with a team of nearly 200 employees.
“I am excited that one of the world’s largest IT companies is establishing operations in Sofia. This is yet another proof that our city offers good conditions for business development and investment. The Sofia City Council is constantly making efforts towards a favorable business environment. It is wonderful that 200 young and talented citizens will have the opportunity to invest their knowledge and skills in the global market, and that Tata’s charitable and educational initiatives will be directed to schools and universities in Sofia,” Mr. Georgiev said at the official ceremony attended by the TCS’ management team, the Ambassador of India to the Republic of Bulgaria Sanjay Rana, Nikolay Stoynev – Chairman of the Supervisory Board of the Sofia Municipal Privatization & Investment Agency, Dr. Maria Hristova – CEO at the Agency, and the head of the “Investment Analysis” Department at the Agency Viktor Gusev.
“We decided to set up in Sofia because of the well-educated and highly skilled workforce here. This office proves our long-term intentions for the development of Tata Consultancy Services in Sofia and Bulgaria”, said during the ceremony Prabal Datta, General Manager, TCS Eastern Europe. All employees in the Sofia-based office of the company are Bulgarians, 70% of them are women. They will work in the field of finance and accounting, financial planning, and analysis. “Our company delivers services to one of the largest trading companies in the world. For us, in addition to the development of our business, it is very important to contribute to the development of local communities. We plan to launch a digital skills student program in Sofia”, said Saptagiri Chapalapalli, Executive Director of TCS for Europe.
Tata Consultancy Services is part of the multinational conglomerate Tata Group – one of the largest and oldest in India. The activities of the companies in the Group cover areas from the production of fast moving goods, through electricity to aircraft. In 2008, Tata Group acquired the Jaguar Land Rover businesses from Ford Motor Company.
Tata Consultancy Services has been on the market for over 50 years and has worked for some of the largest international companies. It has over 528 000 employees in 46 countries across the world. The Green Card provided by Invest Sofia grants tailored administrative services on the territory of the Municipality to investors certified under the Investment Promotion Act, as well as to those that meet the requirements for issuance of an investment project certificate under the Investment Promotion Act and its rules for implementation but have not taken advantage of this yet. A special emphasis in the initiative is also placed on startup companies with high-tech activities and services and those expected to create a new product or service for the Bulgarian market.
