Tech Mahindra on expansion drive in Korea, to hire 300 by 2017

Tags: IT
IT services firm Tech Mahindra will increase its investments in Korea in a bid to become the largest India-based system integrator in the Asian nation over the next three years.

The Mumbai-headquartered firm will establish partnerships with local universities, business schools and trade bodies to create 300 jobs in the next 3 years.

"The move represents another major investment by the Mahindra Group, which is the owner of Ssangyong Motor and already one-of-the largest foreign investors in Korea," Tech Mahindra said in a statement.

Tech Mahindra aspires to be the largest India-based system integrator in Korea by 2017. The firm believes that localisation is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate, it added.

The over $3 billion entity is part of the $16.5 billion Mahindra Group.

"Korea's growth and rise encourages us to explore its potential to connect with the world market today. Our relationship with Korea goes back a long way through Mahindra Auto," Tech Mahindra CEO and Managing Director C P Gurnani said.

The firm is committed to creating local infrastructure and knowledge base to address the needs of Korean businesses globalise their operations, he added.

Tech Mahindra first set its foot in Korea in May 2002 and has strong capabilities in IT system development and IT service management with service delivery optimisation through local delivery centres onsite and offshore.

EDITORIAL OF THE DAY

  • Finance minister has been pragmatic in exempting FIIs from MAT claims

    Good sense has finally prevailed in the government, with finance minister Arun Jaitley announcing the income-tax officials will exempt overseas funds

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

Centre set to scrap 60:40 norm for NITs

A committee set up by the ministry of human resource ...

Zehra Naqvi

If you bend, you won’t break

There’s an ancient exercise about a green, supple new branch ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture