Commenting on the transaction, N Chandrasekaran, CEO and managing director, TCS, said, “This strategic transaction signifies our serious commitment to the Japanese market. TCS will now have the scale, strong local presence and our full range of global capabilities to serve the Japanese corporations effectively and accelerate our growth in the Japanese market.”
He added: “We deeply value the partnership with Mitsubishi Corporation and look forward to leveraging our mutual strengths in the Japanese market.”
The transaction will create a new IT services company of significant scale in the Japanese market. ITF brings its longstanding relationships with Japanese corporations, talented workforce and competencies in industries like retail, distribution and trading. This will complement TCS’s deep domain knowledge, technology expertise and strong execution track record. TCS’s Global Network Delivery Model (GNDMTM) capabilities will also enable Japanese corporations’ globalisation ambitions. The company will provide tremendous additional value to clients in Japan, while employees will secure the advantages of building their careers in a global organisation.
