Following in the footsteps of its larger rival TCS, Indian IT services provider Infosys has crossed the U.S. border to set up its first Latin American subsidiary in Monterrey, Mexico as part of its nearshoring strategy.
The Mexican subsidiary, which includes a development center, will let Infosys provide services in time zones that are more convenient to its large clients in North America, Latin America and Europe.
Infosys Technologies S. De RL De CV – the Mexican subsidiary – is supposed to provide the full range of business consulting and IT services in all industries including banking, financial services, retail, consumer packaged goods, resource, energy and utilities.
Infosys said the Mexican unit would provide key offerings in business process outsourcing, infrastructure management and packaged solutions implementation.
Infosys CEO S.Gopalakrishnan said:
The facility will help us establish our services in the Central time zone which allows us to provide better support to our clients located across multiple geographies.
The Mexican subsidiary will have 250 employees in the first year and grow to 1,000 employees by the third year of operation.
Infosys executive Mohit Joshi has been named head of the Mexican subsidiary.