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Tech Mahindra plans expansion in Korea

Zafar Anjum | July 23, 2014
Announces hiring of 300 in next 3 years and creating an ecosystem involving universities, trade bodies and alliances to create jobs

Indian IT services company Tech Mahindra has announced that it plans to expand significantly in Korea and hire 300 in next 3 years and create an ecosystem involving universities, trade bodies and alliances to create jobs.

The Mahindra Group is the owner of Ssangyong Motor and is already one-of-the largest foreign investors in Korea.

"Korea's growth and rise encourages us to explore its potential to connect with the world market today. Our relationship with Korea goes back a long way through Mahindra Auto and we are committed to creating local infrastructure and knowledge base to address the needs of Korean businesses globalize their operations," said CP Gurnani, MD & CEO, Tech Mahindra in a statement today.

Tech Mahindra said that in Korea the company will offer an array of innovative solutions and consulting services in industries such as Manufacturing, Auto, Aerospace & Defense, Telecom, Oil & Gas, BFSI, Healthcare, Engineering Services, Device Engineering, Telecom and EBS.

The company will establish partnerships with local universities, business schools and trade bodies to enable creation of 300 jobs in the next 3 years.

Tech Mahindra said it believes that localization is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate.

"This plan by Tech Mahindra underscores the Group's commitment to the Korean market," said Dilip Sundaram, Senior Vice President and Country Director, Mahindra Korea. "This is a market that nobody can ignore and we look forward to further strengthening our partnership."

Tech Mahindra has been active in the Korean market since 2002. 



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