Time tampa

Tata Consultancy Services, whose CEO Rajesh Gopinathan is seen at a news conference in Mumbai April 18, is among three Indian companies bidding to acquire Time Inc.’s customer service center in Tampa, Fla. (Punit Paranjpe/AFP/Getty Images)

A trio of India-based companies are in the running to acquire the Tampa, Fla.-based customer service center of Time Inc.

The New York Post reported that the company is hoping to slim down in an effort to reach profitability and companies such as Tata Consultancy, Wipro and HCL Technologies are among the bidders.

The report said that printing giant Quad Graphics has made a joint venture bid on the facility which employs roughly 700 people.

Time Inc. CEO Rich Battista is trying to shed $400 million in costs over the next 18 months and has been getting heavy guidance from McKinsey managing director Christian Schmitz, the Post reported.

Time has a goal of selling the facility for around $300 million, the report added.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.