pune michiganbased it solutions company syntel named by fortune as one of the top 40 small and midcap stocks is setting up its flagship global development centre in pune with an investment of around 40 million to be built in three phasesthe first phase of the development centre coming up on a sprawling 40acre campus close to the indrayani river at the midc industrial park in talawade will be ready for occupation by august next yearwhile we are ramping up our infrastructure in chennai also our maximum growth in the next few years will take place in pune said bharat desai cofounder chairman and ceo of syntelaccording to him the city scores not only because of easy availability of a large talent pool and proximity to mumbai but also because it is a city to which young people from different parts of the country are willing to move to also the state government seems serious in attracting companies he saidthe firm is investing 20 million in the first phase for a 325lakh squarefeet facility in which it will grow to 3000 people the pune campus would ultimately house 9000 peopleafter completing phase i in pune the company would start building its new facility at the siruseri it park on the outskirts of chennai it recently purchased 23 acres of land in the park in pune syntel will have both it and bpo only nonvoice transactions operations apart from its automotive centre of excellence among the things this centre would focus on will include engineering applications supply chain auto parts and distribution at a later stage it would move to things like product life cycle management engineering design and services according to desaithe city facility would also carry out research and development activities in different technologies and areas the company works in like networking product engineering healthcare and auto the development would initially be in the area of extension of the current products in the market and ultimately move to deeper rd desai saidin the area of it services retail and healthcare would be the two verticals pune would cater to while mumbai and chennai would look more at banking finance and insurance verticals one of the main targets of the company is to introduce new service offerings every quarter as more and more companies are realising the benefits of outsourcing their it requirements while the company is looking at acquisitions growth in the first phase would mainly happen organically desai said