New Delhi: TCS faced no major visa issues but there were certain delays in visa processing, company chairman Ratan Tata has said.
According to a BSE filing by TCS today, Tata told shareholders at its Annual General Meeting (AGM) on June 29 that there were “no major problems in the issue of visas but there were delays in processing visas which is a part of the new process”.
Visa related problems have been a major issue for Indian IT companies, including TCS.
According to officials at industry body Nasscom, visa rejection rates are as high as 40 per cent in the US.
For Indian IT firms, the most common visa categories are L1 (meant for intra-company transfers of employees to the US offices from other locations) and H-1B (non-immigrant visa that allows US companies to employ foreign workers in specialty occupations).
The fees were raised for both the categories in August 2010, while changes are being anticipated in the immigration rules of the US.
The US accounts for about 60 percent of the Indian IT sector’s overall revenues. As a result, Indian companies account for a significant portion of the professional visa applications in the US.
India’s largest software firm Tata Consultancy Services (TCS) has applied for 5,900 H-1B visas for the US this year, up 1,400 from last year’s 4,500 applications.
TCS’ executive vice-president and global human resources head Ajoy Mukherjee had earlier said the company is now looking at more H-1B visas, given the higher risks of visa rejections in the L1 category.