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News >> Technology >>
TCS on expansion mode, spins out subsidiary in Singapore
By siliconindia staff writer
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Wednesday, 10 December 2003, 20:30 IST
MUMBAI: As part of its expansion strategy, Tata Consultancy Services (TCS) has incorporated a new subsidiary in Singapore for the Asia-Pacific region with an initial investment of $6.2 million.
Tata Consultancy Services Asia Pacific Pvt Ltd (TCS APAC) would function as the hub of operations for its key regional offices in China, Korea, Taiwan, Malaysia, Australia and New Zealand as well as newly-established subsidiaries in Japan and Malaysia, TCS said in a release on Tuesday.
The subsidiary would also act as a holding company for TCS subsidiaries in Japan, Malaysia and China, the Tata group entity added.
The Singapore office would provide the TCS offices in the region with operational support services, including general and administrative, financial and business development functions from its Asia Pacific headquarters, the billion-dollar IT company said.
TCS chief executive officer S Ramadorai said, "Investing in Singapore as the regional base of operations is in line with our next phase of business growth in the region.