We started Cognizant in Chennai and it continues to be our global headquarters. We had to pick between Chennai and Bangalore. We picked Chennai and are very proud of the decision.
LAKSHMI NARAYANAN, VICE CHAIRMAN, COGNIZANT
Cognizant (NASDAQ:CTSH), which was founded in Chennai in 1994, shares a special relationship with Tamil Nadu. After a global search, they chose Chennai for a variety of reasons such as strong emphasis on education and the resultant high quality talent, professional work ethic, welcoming investment climate and support from different government bodies, thriving industry clusters, access to consulates and chambers of commerce, and global connectivity. These attributes hold true even today and the State continues to attract many multinational corporations like cognizant.
In the past 20 years, Cognizant has seen significant growth and is widely recognized to be the fastest growing, top-tier IT, consulting and business process services company. The company grew its revenue from about USD 2 million in 1994 to over USD 10 billion in 2014, and its employee base from about 175 to over 211,000 worldwide during the same period. Today, Cognizant is a member of the fortune 500, FT 500, NASDAQ 100, the S&P 500, and the Forbes global 2000.
During this period, the company has seen robust growth in their operations in Tamil Nadu, and the following data points are a testament to their success in the State:
1. Invested over $1 billion in their operations – in real estate and IT-related infrastructure – in the state. Today, they operate from 16 delivery and operations centers in Chennai and Coimbatore, and continue to invest and expand their presence in the State.
2. Directly employ over 60,000 professionals in Tamil Nadu across Chennai and Coimbatore. Today, their largest workforce globally over the past 20 years, they have created over 1, 50,000 direct jobs and over 4, 50,000 indirect jobs in the State.
3. Hired several thousand students from engineering, management, arts, science and commerce institutions in the State, and nurtured them into world- class software, management and business process professionals globally.
4. In 2014 alone, over 11,000 active cognizant volunteers clocked over 1, 50,000 volunteering hours for causes related to educations in Tamil Nadu through outreach programs.
The employee –led social volunteering program, through, Cognizant Foundation, the company’s corporate social responsibility arm, has touched the lives of thousands of people, through focused activities in the areas of education, Skill development, healthcare and livelihood.
Cognizant attributes its success to their clients, employees, governments, investors and other stakeholders across North America, Europe, Asia, Japan, Australia, the middle east, and especially to the government of Tamil Nadu –and to bodies such as ELCOT,SIPCOT, Guidance Bureau, and many others – who have proactively helped them in innumerable ways to succeed in the global market place.
As they continue to expand our business operations, the company looks forward to the continued support from different stakeholders in Tamil Nadu.Watch video
10 Reasons to Choose Tamil Nadu