Mumbai : Tata Consultancy Services (TCS) is increasing its holding in TCS Japan, its joint venture with Mitsubishi Corporation (MC), one of Japan’s largest integrated business enterprises. Following the stake hike, TCS will hold 55% equity in TCS Japan – up from 51%, when the joint venture was established in July 2014 – and MC will hold 34%.
The increased equity is the latest in a series of investments that TCS has made in recent years to cater to the specific needs of Japanese corporations. To augment the local workforce and gain scale, a Japan-centric Delivery Center (JDC), with enhanced language support and heavy localization of global business practices, was set up in 2015 within TCS Sahyadri Park in Pune, India.
Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.