Cognizant Invests $183M in New Campus in Vishakapatanam, Creating 8,000 Jobs
Cognizant Technology Solutions is set to invest $183 million to build a new campus in Vishakapatanam, India, creating 8,000 jobs. The project aligns with the company's strategy to optimize real estate costs and tap into the growing demand for AI-powered IT services.
CognizantVishakapatanamIt JobsReal EstateAi ServicesReal Estate NewsJun 21, 2025
Commercial operations at the new campus are expected to begin in March 2029, according to an Andhra Pradesh government press release. This announcement follows closely on the heels of a similar initiative by India’s top IT firm, Tata Consultancy Services (TCS), which unveiled plans for a 13.70 billion rupee campus in the same city. TCS's project is expected to generate 12,000 jobs.
The move aligns with Cognizant’s strategy to optimize real estate costs. In May 2023, Chief Executive Ravi Kumar S stated that the company would relinquish 11 million square feet of office space globally, primarily in India’s largest cities, while investing in tier-2 Indian cities. This strategic shift is part of a broader trend among IT companies, including those in India’s $283 billion sector, to implement cost-cutting measures such as monetizing real estate assets and delaying wage increases amid demand uncertainty.
Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and reported strong first-quarter results, driven by increased demand for AI-powered IT services. Cognizant now expects its 2025 annual revenue to be between $20.5 billion and $21.0 billion, compared to the previous outlook of $20.30 billion to $20.80 billion at the midpoint.
The new campus in Vishakapatanam is a significant step for Cognizant, reinforcing its commitment to growth and innovation in the Indian market. The investment not only supports job creation but also positions the company to capitalize on the growing demand for advanced IT solutions, particularly in the field of artificial intelligence.
Frequently Asked Questions
How much is Cognizant investing in the new campus in Vishakapatanam?
Cognizant is investing 15.82 billion rupees ($182.76 million) in the new campus in Vishakapatanam.
When will the new campus in Vishakapatanam be operational?
The new campus in Vishakapatanam is expected to be operational in March 2029.
How many jobs will the new campus create?
The new campus will create about 8,000 jobs.
What is Cognizant's strategy for real estate optimization?
Cognizant's strategy includes relinquishing 11 million square feet of office space globally, primarily in India’s largest cities, while investing in tier-2 Indian cities.
What is Cognizant's revised revenue forecast for 2025?
Cognizant expects its 2025 annual revenue to be between $20.5 billion and $21.0 billion.
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