TCS to merge China operations
The Hindu Business Line — November 8, 2006

Recently in Singapore, Tata Consultancy Services will merge its China operations into a new joint venture company it has formed with three Chinese partners and Microsoft, according to Girija P Pande, head and regional director, Asia Pacific, TCS. "Within one year, we will merge our company into joint venture," he told a group of visiting journalists in Singapore last week. TCS was among the earliest Indian information technology companies to enter the China market when it set up operations in 2002 through a wholly owned subsidiary. It has 25 active customers in China.

More recently, it bagged the mandate to partner with the Chinese government agencies to set up an IT company that is meant to be a role model for the growing Chinese software industry.

TCS will hold a 65 per cent stake in the joint venture - TCS (China) Co - while three Chinese companies - Zhongguancun Software Park Development Company, Uniware Company and the Tianjin Huayuan Software Area Construction and Development Company - will hold 25 per cent and Microsoft the balance 10 per cent.