Tech Mahindra plans to spread wings in Korea

Tech Mahindra has announced that its plans to significantly expand in Korea.

The move represents another major investment by the India’s Mahindra Group which is the owner of Ssangyong Motor and already one of the largest foreign investors in Korea.
"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 and we are committed to creating local infrastructure and knowledge base to address the needs of Korean businesses globalize their operations,” said C. P. Gurnani, MD & CEO, Tech Mahindra.

Tech Mahindra in Korea will offer an array of innovative solutions and consulting services focussed on meeting the needs of customers in various industries such as Manufacturing, Auto, Aerospace & Defense, Telecom, Oil & Gas, BFSI, Healthcare, Engineering Services, Device Engineering, Telecom and EBS.

The company will establish partnerships with local universities, business schools and trade bodies to enable creation of 300 jobs in the next three years.

Tech Mahindra aspires to be the largest India-based System Integrator in Korea by 2017. The company believes that localization is the key to achieve this target and plans to run as a local Korean company in partnership with a Korean conglomerate.

"This plan by Tech Mahindra underscores the Group’s commitment to the Korean market. This is a market that nobody can ignore and we look forward to further strengthening our partnership," said Dilip Sundaram, Senior Vice-President & Country Director, Mahindra Korea.

Tech Mahindra first set its foot in Korea in May 2002. Since then, the company has undertaken multiple projects across industries. The company’s Korean operations have strong capabilities in IT system development and IT service management with service delivery optimization through local delivery centers onsite and offshore.