- News
- Business News
- India Business News
- Fujitsu mulls merger of two Indian outfits
Trending
This story is from November 8, 2007
Fujitsu mulls merger of two Indian outfits
Fujitsu India GM (offshore promotion office) S Miyamoto said the idea is to merge Fujitsu Consulting with Fujitsu India in near future.
KOLKATA: Fujitsu, the $43-billion Japanese conglomerate, is toying with the idea of consolidating its Indian operation by merging two entities into one. The information technology & telecommunication giant now has two companies in India, Fujitsu India Ltd (FIL) for hardware and Fujitsu Consulting India for software operations.
Fujitsu India GM (offshore promotion office) S Miyamoto said the idea is to merge Fujitsu Consulting with Fujitsu India in near future.
"The entire Indian operation is likely to come under Fujitsu Japan after a certain period. This will be a part of the consolidation exercise. We like to have one entity in India," the official said.
Fujitsu India is a subsidiary of Fujitsu Japan and Fujitsu Consulting is the subsidiary of Fujitsu USA. The Japanese conglomerate has recently sold its stake in Zensar Technologies, the joint venture with the RPG group.
Fujitsu used to hold 29% stake in Zensar through Fujitsu Services Ltd. Miyamoto added the group is now looking for merger and acquisitions in India in the software space.
"The acquisitions will be in western India. Fujitsu has initiated talks with a few companies," he said.
Fujitsu India GM (offshore promotion office) S Miyamoto said the idea is to merge Fujitsu Consulting with Fujitsu India in near future.
Miyamoto was in Kolkata recently as a part of the Japanese delegation to see investment opportunity in the state.
"The entire Indian operation is likely to come under Fujitsu Japan after a certain period. This will be a part of the consolidation exercise. We like to have one entity in India," the official said.
Fujitsu India is a subsidiary of Fujitsu Japan and Fujitsu Consulting is the subsidiary of Fujitsu USA. The Japanese conglomerate has recently sold its stake in Zensar Technologies, the joint venture with the RPG group.
Fujitsu used to hold 29% stake in Zensar through Fujitsu Services Ltd. Miyamoto added the group is now looking for merger and acquisitions in India in the software space.
"The acquisitions will be in western India. Fujitsu has initiated talks with a few companies," he said.
End of Article
FOLLOW US ON SOCIAL MEDIA
Hot Picks
TOP TRENDING
Trending Stories
In Business
Entire Website
- Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal
- India set to be third largest economy, says S&P Global
- Dalal Street bull run continues! BSE Sensex crosses 69,000 for the first time; Nifty above 20,800
- Byju’s reduces notice period for employees as troubles mount
- Sensex surges over 900 points, Nifty above 20,550 as BJP state election wins bolster Modi's Lok Sabha 2024 prospects
- UltraTech to buy building materials business of Kesoram in 7,600 crore deal
- Tata Technologies stock debuts at a bumper 140% premium; share price at Rs 1200 on BSE
- Tata Technologies share allotment: How to check IPO allotment status, listing date, GMP
- BSE m-cap rides rally in Adani stocks, tops $4 trillion
- Charlie Munger, who helped Warren Buffett build Berkshire, dies at 99
- Ticket to riches: How fake visa scam ‘mastermind’ built Rs 100 crore empire
- EY employee death: Anna's father breaks silence after mother's letter goes viral
- Bricks in chilli, chalk in turmeric: Make sure your spices aren’t killing you
- IDF carries out Beirut air strike after Hezbollah fires rockets into Israel
- 'He can use even god for political gains ... ': Reddy on Naidu amid Tirupati laddu row
- 'Stripped, tied my legs': Army captain's fiancée shares 'torture' story at police station
- Will this man who wants to ‘cancel’ Adani become Lankan president?
- Ex-Google employee looking for job in Canada: 'I've been reducing ...'
- Edtech major Physics Wallah raises $210 million to hire talent, companies
- Kohli's costly DRS error leaves Rohit frustrated
Popular Categories
Hot on the Web
Top Trends
AppleGurgaon Bike AccidentTirupati Laddu RowIsraeli Strikes on HezbollahIND vs BAN LiveJacoby BrissettIIT Companies WFH PolicyOdisha Bharatpur Police Station NewsRhea RipleyIsrael Hezbollah WarKerala Lottery ResultAssembly ElectionTirupati PrasadamEY Pune EmployeeSean DiddySandip GhoshLive Cricket Score
Trending Topics
Stree 2 CollectionRuksana BanoAbdu RozikYudhra ReviewJayamSana Khan HusbandTirupati Laddoo ControversyGOAT CollectionVaazha OTT ReviewKozhipannai Chelladurai ReviewCheetahsKangana RanautAditi Rao HydariDalljiet KaurHoliday DestinationVikas SethiBest Selling Earbuds Under 1000Apple iPhone 16 ProVirat KohliWordle Answer
Living and entertainment
Latest News
SoftBank’s latest investment signals Masa’s brand-new India strategyEvery single infiltrator will be thrown from here, need to protect tribal culture: Amit Shah in JharkhandHenry Danger: Here’s where you can see all seasons - 1 to 5Former Rapper Shyne barrow speaks about Diddy's arrest, says he "Killed" his lifeWhat happens if we see God in DreamsCon artist held for posing as customs inspector in SuratWhen Sunita Ahuja: You have to be very strong to be an actor’s wifeKaun Banega Crorepati 16: Amitabh Bachchan reminisces about shooting for Deewar and Kabhi Kabhie; says “Kabhi Kabhie josh mein hum log bohot kuch kar dete hain"Allu Aravind on Bollywood filmmakers having limited perspectives in their films: 'They are locked between Bandra and Juhu'Mafia ran govt in Samajwadi Party rule while 'babua' slept: Yogi AdityanathThe Interplay of Sun Signs and Numerology: Unlocking Your Ultimate PotentialHow Israel built a modern-day Trojan Horse: Exploding pagersPM Modi must take to task those abusing Rahul, says CongressJuju Baby Music revives folk with a twist with their latest EP, Folk Outta The BoxGarena Free Fire MAX redeem codes for September 20: Win free in-game rewards dailyOnePlus 12 is available for Rs 35,314 only on Amazon; check exchange deal and bank offersHow to watch 'Fast and Furious' movies in chronological order and release datesBack support for chair: Top picks online
Copyright © 2024 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service