TCS inks definitive agreements with Mitsubishi Corporation

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, has signed definitive agreements with Mitsubishi Corporation (MC), one of Japan’s largest integrated business enterprises to merge TCS Japan, ITF and NTSC. TCS will hold 51% in the merged entity, MC to hold 49%. The merged entities will be operational from July 2014. This transaction will create a new IT services company of significant scale in the Japanese market. ITF brings its long standing relationships with Japanese corporations, talented workforce and competencies in industries like retail, distribution and trading. This will complement TCS’ deep domain knowledge, technology expertise and strong execution track record. Besides, TCS’ Global Network Delivery Model (GNDM) capabilities will also enable the Japanese corporations’ globalization 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 organization.