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Homegrown Vector Consulting Group from Thane West is expanding footprint in growing markets, including Indonesia, Japan and Thailand, following acquisition of its 20% stake by the Tokyo Stock Exchange-listed TIS Inc.
As a first step towards expanding its footprint in the Asia Pacific region, Vector has set up its first office in Indonesia in 2022. The overseas expansion in Southeast Asia will also see Vector increase its headcount from 200+ at present to 400 in the next two years.
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.
TIS, a part of the US$4 billion TIS Intech Group, has a significant presence in the Asia Pacific region, and 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 including India, Vector said in a release on 18 Jan 2023
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.
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’ breadth of tech expertise in emerging technologies to develop enhanced solutions for their clients. fiinews.com
