As part of the alliance, TIS Inc—one of the technology firms in Japan, has acquired a 20 percent stake in Vector. The alliance paves the way for Vector to expand its footprint in growing markets, including Indonesia, Japan, and Thailand.
Vector Consulting Group, one of the country's home-grown management consulting firm announces a capital and business alliance with TIS Inc. As part of the alliance, TIS Inc—one of the technology firms in Japan, has acquired a 20 percent stake in Vector. The alliance paves the way for Vector to expand its footprint in growing markets, including Indonesia, Japan, and Thailand.
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Over the last 17 years, Vector has pioneered one of its kind implementation-led solution approach in the management consulting industry in India. They are committed to delivering long-term competitive advantage to their clients by using systems thinking to address ‘wicked’ industry problems in supply chain, operations, project execution, sales delivery, distribution, and customer management capabilities.
Since 2006, Vector has partnered with clients across fast-growing sectors like auto, steel, construction, pharmaceutical, textile, and retail. They have delivered transformational business results for companies and brands like 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, Ajanta Pharma amongst others.
From a leadership team of 3 founding partners in 2006, Vector now has grown to a size of 200 consultants and 16 managing partners.
TIS Inc., listed on the Tokyo Stock Exchange, is part of the $4 billion TIS Intech Group. The technology firm has a significant presence in the Asia Pacific region. TIS Inc sees immense potential in partnering with Vector as the alliance gives the company a foothold and access to one of the fastest-growing economies and markets of the world—India.
As a first step towards expanding its footprint in the Asia Pac region, Vector, in 2022, set up its first office in Indonesia. The overseas expansion in Southeast Asia will also see Vector increase its headcount from 200+ at present to 400 in the next two years.
With the growing intersection of consulting and technology globally, TIS will leverage Vector's management consulting expertise to provide high-value-added IT services to their existing clients in India, Japan, ASEAN, and China. Vector and TIS will also collaborate to innovate and co-create tech-based solutions and platforms for unresolved chronic issues in the industry. Vector Digital Labs which has been developing digital solutions for operations, sales and supply chain to strengthen Vector’s management consulting practice, will tap into TIS’s breadth of tech expertise in emerging technologies to develop enhanced 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.”
First Published: Jan 25, 2023 12:04 AM IST
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