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By means of its joint venture with Mitsubishi Corporation, TCS aims to accelerate revenues from Japan to USD 500 million within three-five years, says managing director and chief executive N Chandrasekaran. "We have no revenue sharing agreement as of yet, but with this JV and establishing relationships we have, we hope to scale up our revenue growth at a much higher pace than the company's current average," he said in an exclusive interview to CNBC-TV18.
TCS, one of the leading Indian IT firms, today announced that it had entered into a partnership with Mitsubishi to offer a wide range of IT services in Japan. "With Mitsubishi's brand reputation and the local know how, we think we will be able to address the Japanese market and the customers in a significant way," said Chandrasekaran.
TCS holds majority stake in the JV with 60% and Mitsubishi holds the remaining 40%. The initial investment is likely to be close to USD 5 million, but Chandrasekaran says that if more is needed they will not hesitate to bring it to the table.
