India’s one of the largest software services exporters, Tata Consulting Services is looking forward at expanding its market shares in Latin America, Middle East and Asia. The announcement was made by the Chairman Ratan Tata during the company’s annual shareholders meeting.

However, TCS will also be investing in the country. While addressing to the shareholders during the meeting, Ratan Tata appraised its company for bringing profits to the company during the time of market downturn. It has been told that for the period if 2010-11 North America contributed in the 54% of the company’s total revenue.

In pursuit of expanding its market, TCS has decided to invest Rs. 2,300 crore as capital expenditure for the financial 2011-12. During the meeting, the board of directors has approved a final dividend of Rs. 8 per share for 2010-11.

In the previous financial year, the company had 1.90 lakh employees and added 140 more in the following financial year. Ratan Tata further said that TCS's capital expenditure plan for the current year was around Rs. 2, 300 crore and the company could consider acquisitions. On being questioned about the visa problem being faced by the company, Ratan Tata said that the company never had any visa related problem.