Robert Bosch Engineering and Business Solutions renamed as Bosch Global Software Technologies (BGSW)
Robert Bosch Engineering and Business Solutions Private Limited (RBEI) announces a change in the company name to Bosch Global Software Technologies Private Limited (BGSW). The new name is effective from January 3rd 2022.
The change will be one of the largest that RBEI will undertake since its inception 25 years ago. The company’s restructuring began in Q2 2020, as part of the company’s effort to accelerate business strategy, anticipate future demand and adapt to market change.
RBEI is the largest software and technology centre for Bosch outside Germany with a delivery & sales network across several global locations such as Mexico, Vietnam, North America, Japan, Germany, Middle East and India. The strategic name change comes with enhancement in the company’s capabilities, competencies, business models & working engagements to scale and continue to play a dominant role in software & product engineering at Bosch.
The development brings to fore the nature of the company’s work in software-led technology. Being a global hub for software, BGSW caters to customers and partners across geographies and industries in their digitalisation journey. The name change complements the company’s hiring strategy to recruit best-in-class talent from premier universities in the areas of AI, ML, Cybersecurity, Computer Vision and other new age technologies. In line with that, the company is looking to hire 5500+ engineers in 2022. The company is also expanding to new locations with a new center slated to be inaugurated in Hyderabad, Pune in India and Hanoi in Vietnam later in the year.
The company is looking to strengthen its innovation focus and R&D capabilities. Steady initiatives and investments are being made in various technologies in the connected products, connected industry, mobility and connected enterprise domains. Recently inaugurated state-of-the-art Hacker’s Garage, the IoT Garage and an internal ‘innovation’ fund are introduced to promote an environment where promising ideas can be nurtured and incubated. These centres will also be a collaborative ecosystem for Start-ups, external companies and academia to participate in an environment of co-creation and co-innovation.
On the name change, Dattatri Salagame, CEO, President and Managing Director, Bosch Global Software Technologies said, "We have been a software company since inception and this name change is an emphatic commitment to strengthen our best-in-class software engineering to lead in this #techade. Digital Natives of today consume an experience and software drives the differentiation in that experience. At Bosch Global Software Technologies, we want to provide an environment which is conducive to create, innovate and experiment to solve important customer problems using technology and win more for Bosch. For that, bringing in the best software talent will serve as our competitive advantage.”
The change in the company name is in sync with efforts to enhance software-led technology expertise. Speaking about software capabilities at BGSW, Sriram TV, Vice President, Human Resources, said, "To build best-in-class software products & solutions, having best-in-class talent is key. We are strengthening our focus on industry-academia collaborations, start-ups and partners to create more opportunities of co-innovating and co-engineering.”
With more than 23,000 associates across the globe, Bosch Global Software Technologies is a powerhouse of software-led technology. This name change from Robert Bosch Engineering and Business Solutions to Bosch Global Software Technologies resonates its commitment to deliver world-class solutions to accelerate digitalisation for its customers and partners.
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About BGSW: Bosch Global Software Technologies Pvt Ltd is a 100% owned subsidiary of Robert Bosch GmbH, one of the world’s leading global suppliers of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 23,000 associates, it’s the largest software development center of Bosch, outside Germany, indicating that it’s the Technology Powerhouse of Bosch in India with a global footprint and presence in US, Europe and the Asia Pacific region. With our unique ability to offer end-to-end solutions that connect sensors, software, and services, we enable businesses to move from the traditional to digital or improve businesses by introducing a digital element in their products and processes.
About Bosch in India: In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through twelve companies: Bosch Limited – the flagship company of the Bosch Group in India – Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Robert Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited and Mivin Engg.Technologies Private Limited. In India, Bosch set-up its manufacturing operations in 1951, which has grown over the years to include 16 manufacturing sites, and seven development and application centers. The Bosch Group in India employs over 31,500 associates and generated consolidated sales of about ₨.19,996 crores* (2.54 billion euros) in fiscal year 2020 of which ₨. 14,011 crores*(1.78 billion euros) are from consolidated sales to third parties. The Bosch Group in India has close to 15,650 research and development associates. Additional information can be accessed at www.bosch.in
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