TOKYO--(BUSINESS WIRE)--Nomura Research Institute, Ltd. (TOKYO:4307), a leading provider of consulting services and system solutions, has announced its decision to establish a subsidiary in India to develop a consulting business. NRI has also decided to invest capital in a local research company, Market Xcel Data Matrix Pvt. Ltd. in order to secure a strong base for research and consulting business activities in India.
There is a continuous flow of global companies into India where remarkable economic growth is going on. Interest in the Indian market is growing among many Japanese companies. NRI has been quite active in supporting Japanese and global companies' successful entry into the Indian market and will provide them with much quicker and more elaborate research and consulting services through the new subsidiary.
Moreover, NRI has decided to acquire 25.1% of a local research company, Market Xcel Data Matrix's share. "By capital investment in the local company, we will secure our research bases in eight cities in India which will enable us to establish an indigenous and full-fledged organization for research and consulting services. We will be the largest among Japanese consulting firms" said Shiro Tanikawa, Director, Corporate Senior Vice President.
NRI's Indian subsidiary will start operating in November, 2011. At first, it will have around 10 staff members, but this figure will rise to around 30 after five years. They will prepare business strategies for Japanese companies in the automobile industry and so on.
Following the establishment in India, NRI is determined to vigorously pursue global expansion of its consulting services, mainly in Asia and emerging countries.
| [Company profile of proposed NRI in India] | ||
| Company name: | Nomura Research Institute India Pvt. Ltd. | |
| Abbreviation in English: | NRI India | |
| Location or address: | National Capital Territory of Delhi | |
| Date of establishment: | Late October, 2011 | |
| Shareholders: | Nomura Research Institute (Singapore) Private Limited, NRI | |
| President: | Hisao Nakajima, senior consultant of NRI | |
| Main line of business: |
Research and consulting services related to India for companies and public entities |
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| [Company profile of Market Xcel Data Matrix] | ||
| Year of establishment: | 2000 | |
| Headquarters: | Delhi, India | |
| Number of employees: | 94（End of March, 2011） | |
| CEO: | R Vishal Oberoi | |
| Main line of business : | ||
| - Consumer Survey (Face to Face Survey, Telephone/CATI Survey, Internet Survey, FGI, In-depth Interview, etc.） | ||
| - Corporate Survey (B2B Interviews - Corporate & Industrial, etc.） | ||
| - Desk Research(Desk Research, Industry and Expert Interviews) | ||
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Offices in India: |
New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderbad, Ahamedabad, Pune | |
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Outside India: |
Singapore | |
[About Nomura Research Institute, Ltd. (NRI)]
NRI originated from Nomura Securities' research section and IT section.
NRI is the result of a merger that took place in 1968 between the former
Nomura Research Institute, which was established in 1965 as the first
private sector Think Tank in Japan, and Nomura Computer Center (NCC)
which engaged in introduction Japan's first private use computer system
in 1966.
Since then, NRI has been providing consulting services on
corporate strategy and business policy, as well as development,
operation and joint utilization of IT systems.
Particularly in its
consulting business, NRI is one of the largest Japanese consulting
firms, with about more than 600 professional consultants deployed in
Japan and abroad. NRI has clients among almost 70% of the companies in
the top 100 (in terms of total capitalization) during the past half
decade in the Tokyo Stock Exchange.
NRI is actively expanding its
business in Asian and emerging countries and offers advice on policy
matters to governments and international organizations. In addition, it
helps with local business strategy and sales planning, supporting
organization/personnel management, and supporting the execution of
alliance/acquisition strategies of private business entities in major
Asian cities including Shanghai, Beijing, Taipei, Seoul, Manila and
Moscow.
For more information, visit: http://www.nri.co.jp/english/