Vector Consulting Group expands into Indonesia with Jakarta office
Vector Consulting Group, an Indian operations and supply chain consultancy, has launched an office in Jakarta – the firm’s first international office in its seventeen-year history.
Founded in 2006, Maharashtra-based Vector Consulting Group is India’s largest homegrown consultancy dedicated to the world of supply chain and logistics. Since its inception, the award-winning firm has grown into a team of 170 consultants and built a record of 200+ engagements at clients including the likes of Bajaj Electricals, Cummins, Lenskart, Larsen & Toubro, Tata Motors, and Volvo Eicher
“We’re looking forward to replicating our India success story in Indonesia,” said Puneet Kulraj, director at Vector Consulting Group. “Indonesia is a key strategic market for us. The country has big, established corporates that need our innovative solutions to chart their future growth path.”
From its new base in Jakarta, which is led by local talent and overseen by senior partners from India, Vector Consulting Group will provide consulting services to clients across sectors such as consumer goods, auto and auto components, textile and garments, equipment manufacturing, life sciences, and engineering and construction.
Key offerings Vector Consulting Group delivers include strategy work (for example: supply chain strategy), the improvement of performance improvement initiatives (for example: manufacturing optimisation), transformation of back-office functions (for example: the revamp of sales & service processes), and digital transformation (the delivery of automation solutions).
“We are excited to set new benchmarks in consulting space in Indonesia with our experienced leadership and a strong team of consultants with deep sectoral expertise,” said Kulraj.
The director added that the firm will also in Indonesia seek to differentiate itself in the market through its “unique risk-sharing model” – according to him, a first in India’s consultancy space.
“We aim to redefine consulting practices by becoming a true partner for our clients, and commit to tangible results through a risk-sharing approach.”
The move by Vector Consulting Group demonstrates Indonesia’s growing attractiveness for foreign consultancies. Last year, global player Alvarez & Marsal established an on the ground operation in Indonesia, and the year previous financial services consultancy entered the market.
Most of the major consulting firms, including McKinsey & Company, Boston Consulting Group, Bain & Company, Oliver Wyman, and the Big Four, have a long-standing presence in Indonesia.
