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Hitachi Systems Micro Clinic Launches in India
Expanding the IT Services Business by Creating Synergy and Leveraging the Knowhow of the Two Companies
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TOKYO, JAPAN and NEW DELHI, India - April 16, 2014
Hitachi
Systems, Ltd. is pleased to announce that Micro Clinic India Pvt. Ltd.,
an IT services company based in the Republic of India ("India"), has
been converted to a Group company based on a share purchase agreement
and a shareholders' agreement. The company started operations as Hitachi
Systems Micro Clinic Pvt. Ltd. ("Hitachi Systems Micro Clinic") as of
April 3 when the procedures for changing company names were completed.
In India, demand for IT services is growing rapidly due to the
accelerating pace at which Japanese and other foreign companies are
entering the Indian market, and the expanding investment in IT as local
Indian companies grow their businesses. Hitachi, Ltd. (TSE:6501) sees
India as an important region in its global strategy and is stepping up
development of the Hitachi Group's Social Innovation Business in the
country. Hitachi aims to grow consolidated net sales in India by nearly
three times to 300 billion yen(173.4 billion rupees) by the fiscal year
ending March 31, 2016, compared with the fiscal year ended March 31, 2012.
Aiming
to secure and expand the business platform for IT services in India
where the economy is growing at a rapid pace, Hitachi Systems, the core
company for information and telecommunication systems in the Hitachi
Group, is pleased to welcome Hitachi Systems Micro Clinic into the Group
at this time.
Hitachi
Systems, Ltd. is one of leading IT services company in Japan with
strengths in high-quality operations and maintenance services. Hitachi
Systems works closely with customers through a network of roughly 300
service sites and contact centers across Japan, through which it offers a
wide range of business system design and integration services, and
outsourcing services that take advantage of its robust data center
infrastructure. Hitachi Systems Micro Clinic is one of India's leading
IT services companies with a total of 15 business sites in major cities
and approximately 150 satellite offices across India, and provides a
broad range of IT services focused on supplying IT platforms and
providing maintenance services. By combining the products, services,
technologies, knowhow, and business resources of the two companies,
Hitachi Systems Micro Clinic is planning the expansion of its business
with a view to creating early synergy such as newly providing data
center services, 24/7 high quality managed services, cloud services and
boosting virtualization services. By investing aggressively in human
resources and those new business to expand the range of solutions, and
by adding the Hitachi products to its product line-up, Hitachi Systems
Micro Clinic will provide local corporations as well as foreign
corporations including Japanese companies, with a one-stop service
ranging from procuring IT equipment in India to system design and
construction, operation and maintenance with the aim to approximately
2.4 billion rupees(approx. 4.2 billion yen) by the fiscal year ending March 31, 2016 compared with the fiscal year ended March 31, 2014.
The
Hitachi Systems Group is deploying various measures aimed at achieving
revenues of 500 billion yen( 289 billion rupees ) and an overseas sales
ratio of 10% in fiscal 2015 as outlined under its medium-term
management plan. The present acquisition is aimed at achieving these
targets by strengthening and expanding the business in both India and
the Asian region.
Mr. Yoshinori Okami, Chairman and Director of Hitachi Systems Micro Clinic Pvt. Ltd. said " It
gives me great pleasure to welcome Hitachi Systems Micro Clinic into
the Hitachi Systems Group. The combination of more than 600 excellent
engineers, as well as a strong customer platform of more than 200
clients at Hitachi Systems Micro Clinic, with the advanced IT
technology, data centers and other infrastructure that Hitachi Systems
has nurtured in Japan over more than half a century will not only
contribute to the development of the Indian economy, which continues to
grow at a spectacular rate, but also provide superior services that
impress customers in East Asia and worldwide."
Mr. Tarun Seth, Managing Director of Hitachi Systems Micro Clinic Pvt. Ltd. said, "It
is honor for Micro Clinic to be acquired by Hitachi Systems. Now the
most exciting era begins for Hitachi Systems Micro Clinic in India. We
have very aggressive growth plans in India. We will be introducing a
bouquet of new services and add new products to our portfolio to
increase our revenues with existing customers and acquire new customers.
We will expand our presence in India, add Human Capital and also make
this as the base to expand in Asia and Middle East. It will be our
endeavor to make this a successful venture so that Hitachi group and
other Japanese companies continue and increase their investments in
India."
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About Hitachi Systems Micro Clinic (as of April 3, 2014)
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Company Name
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Hitachi Systems Micro Clinic Pvt. Ltd.
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Established
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November 22, 1993
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Headquarters
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E-44/2, Okhla Industrial Area, Phase - II, New Delhi - 110 020, India
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Representative
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Tarun Seth, Managing Director
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Capital
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12.5 million rupees (21.6million yen, converted at 1.73 yen = 1 rupee)
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Number of employees
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About 650 (incl. Group company)
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Description
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Hardware
sales and maintenance, systems integration, network integration,
security services, virtualization services, managed services, desktop
services
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About Hitachi Systems, Ltd.
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Company Name
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Hitachi Systems, Ltd.
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Established
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October 1, 1962
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Headquarters
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1-2-1 Osaki, Shinagawa-ku, Tokyo 141-8672
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URL
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Representative
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Naoya Takahashi, President and Chief Executive Officer
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Capital
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19,162 million yen (As of March 31, 2013)
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Net sales
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339,956 million yen (for the fiscal year ended March 31, 2013)
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Number of employees
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10,851 (As of March 31, 2013)
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Description
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Systems
integration business, systems operation, monitoring and maintenance
business, network services business and sale and development of
information-related equipment and software
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About Hitachi, Ltd.
Hitachi,
Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global
electronics company with approximately 326,000 employees worldwide. The
company's consolidated revenues for fiscal 2012 (ended March 31, 2013)
totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than
ever on the Social Innovation Business, which includes infrastructure
systems, information & telecommunication systems, power systems,
construction machinery, high functional material & components,
automotive systems and others.
About Hitachi in India
Hitachi
started its business in India in the 1930's. Currently, Hitachi has
approximately 30 business bases and approximately 7,500 employees in
India. In addition to being a leader in construction machinery and
air-conditioning systems, the Hitachi Group in India is expanding on its
'Social Innovation Business', such as information &
telecommunication systems, power systems, industrial, transportation and
urban development systems. Together with further localization, Hitachi
aims to contribute to a sustainable society in India as well as the
country's economic growth. For more information about the Hitachi Group
in India, please visit the website at http://www.hitachi.co.in/.
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Mr. Yoshinori Okami 
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