Mumbai: Tata Consultancy Services Ltd. (TCS), India’s largest information technology services firm, on Wednesday announced a 60:40 joint venture with Japan’s Mitsubishi Corp. to serve clients in the east Asian country.
N. Chandrasekaran, chief executive officer and managing director, TCS. (File photo)
The joint venture, Nippon TCS Solution Center Ltd, will offer information technology, back-office and infrastructure services to Japanese clients with a delivery center in the country.
“The new joint venture will provide strong local market know-how, deep domain knowledge as well as bring in global technology best practices to help Japanese corporations effectively respond to their global IT needs,” N. Chandrasekaran, chief executive officer and managing director of TCS, said in a statement.
Chandrasekaran and Hideyuki Nabeshima, senior executive vice president of Mitsubishi, have been appointed as non-executive directors of the new company, which will see participation by senior management from both sides.
Mitsubishi and TCS have already started collaborating in a wide range of areas that include establishing an IT support system, that utilizes TCS’s know-how and its global network delivery model for the former’s overseas bases. The collaboration also extends to implementing new employee training programmes for Mitsubishi’s business services division and for IT Frontier Co. Ltd, at its training centre in Trivandrum in India.