Industrial directory | manufacturers directory | business directory | supplier directory | yellow pages

Product Search


Keyword:



City:

Build Your Own Site

Sponsored Links

Company Overview

Wipro to buy U.S. based Target's captive centre in India

Industrial Info Media is the most comprehensive directory for Indian industrial resources. This directory contains the listing of companies engaged in manufacture & supply of specific products. This industrial portal has been designed to provide information on manufacturers, distributors and service companies of these products placed under logical industrial categories and industry subheads.

This directory contains the listing of companies engaged in manufacture & supply of specific products. This industrial portal has been designed to provide information on manufacturers, distributors and service companies of these products placed under logical industrial categories and industry subheads.

more...

By siliconindia news bureau

Mumbai: Wipro is all set to buy U.S. based Target's captive technology centre located in Bangalore. As per the deal, Target's entire operation, including 2,000 employees, will be taken over by Wipro.

Wipro is believed to have agreed to pay $60 million (around Rs. 275 crore) for the centre. Wipro is learnt to have finished due diligence exercise and the deal is likely to be announced soon. Indian IT majors TCS and Infosys were also vying with Wipro to takeover Target's India operations.

Under the deal, Target has entered into a contract of assured business for the next five years for an estimated $500 million. Target Technology Services India, also known as Target India, is a wholly owned subsidiary of Target Corporation, which owns and runs 1,744 stores in the U.S.

Target's India centre works as a captive operation, supporting activities of the retail chain such as providing administrative support, business analytics, supply chain management, finance and accounting, HR, call centre, global sourcing and planning, etc.