The computing giant has sent teams to research various Indian cities and companies over the past few months, looking at how to expand its operations. IBM declined to confirm details, according to the report, which was carried in India's The Economic Times.
Also, these teams have met the management of several India firms, including Mastek, MphasiS, Satyam and Zensar.
This has led to rumors that IBM could be acquiring these companies. However, IBM claims that this is not the case, and the Indian companies have also denied the rumors.
IBM's purpose for the meetings seems to be to research the firms' offshore business model and recruitment plans, said the report.
If the report is correct, Big Blue joins other U.S.-based multinationals such as HP and Oracle companies in expanding Indian operations, which are primarily devoted to software development.
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