(Nov. 28, 2006) – MUMBAI – Tata Consultancy Services and its Chinese partners, supported by the National Development and Reforms Commission (NDRC), announced that Microsoft is now a strategic investor in TCS China and will hold a minority stake in the venture.

TCS APAC continues to hold the majority stake (65 percent) of the company, while NDRC holds 25 percent and Microsoft holds the remaining 10 percent.

Microsoft's investment comes after it had granted TCS China a business operating license. It also signals the culmination of the process to get the joint venture operational after an MoU was signed between the three parties (TCS, Chinese parties and Microsoft) in June 2005.

TCS pioneered the entry of Indian IT industry in China in 2002 and remains at the forefront of that thrust with nearly 600 associates in China. TCS China will focus on BFSI, Manufacturing, Telecom as well as the Government sector.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.