Indian IT specialist strengthens footprint in Vietnam and Asia.
Tech Mahindra Ltd. a specialist from India in digital transformation, consulting, and business re-engineering, recently announced that it has opened a Vietnam Sales Office, in Hanoi, bringing jobs, IT expertise, and expanded operations to the country and the region.
Tech Mahindra has been working with customers in Vietnam since 2012 and has seen an uptick in customer numbers, especially in the country's banking sector, including a State-owned bank and leading commercial banks. It has a strong ecosystem in the country, consisting of leading product vendors and local partners developing next-gen solutions for customers.
"Tech Mahindra's growth in Vietnam has been spurred by growth in our Banking & Financial Services business," said Mr. Rohit Gandhi, Head - Asia Pacific, India, the Middle East & Africa at Tech Mahindra. "We are also now focusing on Retail, Manufacturing, Oil & Gas, and the Telecom sectors in the country." Vietnam is a key part of Tech Mahindra's regional strategy and is the sixth country in ASEAN where it now has a physical presence. "The Sales Office in Hanoi is another step in being closer to our customers," Mr. Gandhi added. "We plan to work with local universities and increase our headcount to 100 in the next two to three years."
"Vietnam is the foremost strategic partner in India's 'Act East' policy," according to H.E. Preeti Saran, Indian Ambassador to Vietnam. "Forging closer economic relations is our strategic priority." The Tech Mahindra investment, she said, will provide greater economic opportunities to work jointly and build a good knowledge base that can be used in the future to develop IT skills in Vietnam. "It will also contribute to forging closer economic relations between India and Vietnam," she added.
Tech Mahindra employs more than 98,000 professionals around the world and has been engaged with customers in ASEAN, North Asia and South Korea. It recently featured on Forbes's Asia Fab 50 list and in the FinTech Rankings of Top 25 Enterprises for 2014, compiled by IDC Financial Insights based analysts' research of the financial technology market to compile a "Who's Who" among IT vendors to the global financial services technology industry.