TCS partners with Mitsubishi to setup nearshore delivery center in Japan
February 9, 2012
TCS, consulting and outsourcing business solutions firm, and Mitsubishi Corporation, an integrated global business enterprise, announced a new joint venture, Nippon TCS Solution Center Limited, for the Japanese market.
The Nippon TCS Solution Center will offer a full-service suite of IT, BPO and infrastructure services to Japanese corporations. TCS Japan will have a 60% stake with Mitsubishi Corporation having a 40% stake. The new joint venture will also establish a nearshore delivery center in Japan.
The joint venture comes against the backdrop of a strong yen, the globalization of supply chains and a growing trend toward overseas mergers and acquisitions, all of which act as catalysts for the increasing globalization of Japanese companies. This has brought heightened interest in the role of “global IT services” to link domestic and overseas operations.
The nearshore delivery center will leverage Mitsubishi’s significant domestic market expertise as well as the processes and best practices of the TCS Global Network Delivery Model™ (GNDM), to meet the various needs of Japanese companies through enhanced solutions and service offerings.
N Chandrasekaran, CEO & MD, TCS, said, “Japan is a very important market for TCS and we are delighted to partner with a strong group like Mitsubishi Corporation in this market. 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.”
N Chandrasekaran and Hideyuki Nabeshima, Senior Executive Vice President, Mitsubishi Corporation, have been appointed non-executive directors of the new company in a move that will see participation by senior management from both sides. Mitsubishi Corporation and TCS have already started collaborating in a wide range of areas that include establishing an IT support system, that utilizes TCS’ know-how and its Global Network Delivery Model™ (GNDM), for Mitsubishi Corporation’s overseas bases as well as implementing new employee training programs for Mitsubishi Corporation’s Business Services Division and for IT Frontier Co. Ltd. at its training center in Trivandrum, India.