Cognizant breaks ground on ₹1,583 crore campus in Visakhapatnam, unveils Techfin Centre
The proposed new campus, which will be completed in three phases by 2033, will entail an investment of ₹1,583 crore (₹15.83 billion)
By - Newsmeter Network
Visakhapatnam : Technology major Cognizant today held a groundbreaking ceremony for an 8,000-seat facility in Visakhapatnam.
The company also unveiled an interim Techfin Centre. Minister for IT, Electronics & Communication, Human Resources Development, and RTG, Nara Lokesh was present on the occasion.
The proposed new campus, which will be completed in three phases by 2033, will entail an investment of ₹1,583 crore (₹15.83 billion).
The first phase of the construction, which will begin in 2026, will accommodate 3,000 associates upon its completion in early 2029. The subsequent phases will increase the total seating capacity to 8,000.
“We are delighted to welcome Cognizant to Visakhapatnam. This facility is a landmark step in advancing our vision of transforming Andhra Pradesh into a world-class destination where global enterprises can build, innovate, and grow,” said Lokesh.
“This investment will generate high-quality jobs, enhance the region’s digital capabilities, and contribute significantly to the state’s innovation-driven and technology-enabled growth,” he added.
“Today marks a defining step in Cognizant’s growth journey in India. The groundbreaking of our new campus and the opening of an interim techfin centre in Visakhapatnam reflect our confidence in the city’s talent and future potential,” said Ravi Kumar S, CEO, Cognizant.
“We are grateful to the Government of Andhra Pradesh for their partnership and look forward to unlocking the full potential of Visakhapatnam’s talent and innovation spirit.”
The TechFin Center will serve as an interim office until the completion of the first phase of the proposed 22-acre campus. It will focus on advanced technologies, including artificial intelligence, machine learning, digital engineering, and cloud solutions.
The centre features a dedicated client experience zone and collaborative spaces designed to foster teamwork and accommodate more than 1,000 associates based in and around Visakhapatnam.
Since 2024, Cognizant has established new delivery centres in Bhubaneswar, Indore, and a techfin centre in GIFT City, Gujarat. These centres are designed to support the future of work, promote agility, skilling, collaboration, and innovation, while providing a best-in-class employee experience.
India remains central to Cognizant’s global delivery capabilities, with more than 70% of its 349,800 associates based in the country.
The Visakhapatnam expansion builds on Cognizant’s strong operational presence across Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, GIFT City, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.
