Indian IT services company Tata Consultancy Services (TCS) and Japanese conglomerate Mitsubishi Corporation have announced a new joint venture, Nippon TCS Solution Center Limited, for the Japanese market.
Announcing the setting up of this new centre, TCS said the Nippon TCS Solution Center will offer a full service suite of IT, BPO and Infrastructure services to Japanese corporations.
TCS will hold the majority stake of 60 percent in the venture, the rest will be with Mitsubishi Corporation, TCS sources said. N. Chandrasekaran, CEO and MD of Tata Consultancy Services, and Hideyuki Nabeshima, senior executive vice president of Mitsubishi Corporation, have been appointed non-executive directors of the new company.
The new joint venture will also establish a nearshore delivery centre in Japan. TCS said the centre will leverage Mitsubishi's significant domestic market expertise as well as the global expertise of processes and best practices of the TCS Global Network Delivery Model (GNDMTM).
"The new joint venture will provide strong local market knowhow, deep domain knowledge as well as bring in global technology best practices to help Japanese corporations effectively respond to their global IT needs," said Chandrasekaran.
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