Vector Consulting Group inks alliance with TIS for Asia expansion

17 January 2023 2 min. read
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Vector Consulting Group has sold a 20% stake in the firm to Japan’s TIS, with the homegrown management consulting firm to use the funds to accelerate its international expansion.

Launched in 2006 by a trio of founding partners, Vector Consulting Group has since its inception grown to a size of 200 consultants and 16 managing partners.

With the aim to double the size of the business in the next two years, Vector Consulting Group has attracted growth capital from TIS, part of TIS Intech Group – with revenues of $4 billion one of Japan’s largest IT services providers.

Vector Consulting Group inks alliance with TIS for Asia expansion

“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,” said Kiran Kothekar, one of the founding partners at Vector Consulting Group.

The investment will also enable the Indian consultancy to expand its office footprint across Asia Pacific, building on its first international outlet launched in Indonesia in October last year. “Overseas expansion in Southeast Asia will drive our growth ambitions in the next two years,” said Kothekar.

According to Kothekar, Japan and Thailand are earmarked as initial markets for entry.

From its headquarter in Mumbai, Vector Consulting Group helps clients with topics such as supply chain, operations, project execution, sales delivery, distribution, and customer management capabilities. Companies that sit on its roster of clients include Tata Motors, Godrej Group, Ashok Leyland, TVS Motors, Kirloskar Oil Engines, Volvo, Pidilite, Bajaj Electricals, Jindal Stainless Steel, Jindal Steel and Power, Lupin, and Raymond.

Meanwhile, for TIS, the investment will provide the group access to high-end management consulting expertise, complementing its technology offerings. Yasushi Okamoto, president at TIS, added that Japanese group also sees “immense potential” in the fact that the partnership gives it a foothold and access to one of the fastest-growing economies of the world – India.

“Vector Consulting Group and TIS will also collaborate to innovate and co-create tech-based solutions and platforms. Our Digital Labs [which develops digital solutions for operations, sales and supply chain] will tap into TIS’s breadth of tech expertise in emerging technologies to develop enhanced solutions for our joint clients,” added Kothekar.