Vector Consulting Announces Partnership with TIS Inc.
Vector Consulting Group, a leading domestic management consulting firm in India, has announced a capital and business alliance with TIS Inc. TIS Inc, one of Japan's largest technology firms, has acquired a 20% stake in Vector as part of the alliance. The collaboration allows Vector to expand its presence in emerging markets such as Indonesia, Japan, and Thailand.
Vector has pioneered a one-of-a-kind implementation-led solution approach in the management consulting industry in India over the last 17 years. They are dedicated to providing their clients with long-term competitive advantage by applying systems thinking to 'wicked' industry problems in supply chain, operations, project execution, sales delivery, distribution, and customer management capabilities.
Vector has worked with clients in fast-growing industries such as auto, steel, construction, pharmaceutical, textile, and retail since 2006. They have transformed businesses for companies and brands such as Tata Motors, Godrej Group, Ashok Leyland, TVS Motors, Kirloskar Oil Engines, Volvo Eicher, Pidilite, Bajaj Electricals, Jindal Stainless Steel, Jindal Steel and Power, Raymond, Lupin, and Ajanta Pharma.
Vector has grown from a leadership team of three founding partners in 2006 to a team of 200 consultants and 16 managing partners today.
TIS Inc is a subsidiary of the $4 billion TIS Intech Group, which is traded on the Tokyo Stock Exchange. The technology company has a strong presence in the Asia Pacific region. TIS Inc sees enormous potential in partnering with Vector because the alliance provides the company with a foothold and access to one of the world's fastest-growing economies and markets — India.
Vector will open its first office in Indonesia in 2022 as a first step toward expanding its footprint in the Asia Pacific region. Vector's overseas expansion in Southeast Asia will also result in an increase in headcount from 200+ to 400 in the next two years.
TIS will use Vector's management consulting expertise to provide high-value-added IT services to their existing clients in India, Japan, ASEAN, and China, as the intersection of consulting and technology grows globally. Vector and TIS will also collaborate to innovate and co-create tech-based solutions and platforms for industry-wide unresolved chronic issues. Vector Digital Labs, which has been developing digital solutions for operations, sales, and supply chain to strengthen Vector's management consulting practise, will leverage TIS' breadth of tech expertise in emerging technologies to create better solutions for their clients.
Speaking on the occasion, Kiran Kothekar, one of the founding partners at Vector, said, "This alliance will allow us to plan for a breakaway growth rate in coming years, innovate and experiment with new ideas for various emerging challenges facing businesses and the society across the world."