Mumbai: Software major Infosys Technologies has incorporated its first Latin American subsidiary by opening a development centre and office in Monterrey, Mexico.
Infosys' Mexican subsidiary, Infosys Technologies S De RL De CV, will offer a range of business consulting, BPO and IT services such as infrastructure management for clients in all industries, including banking, financial services and retail. The centre will employ up to 1,000 staff over three years, the company said.
Infosys' Latin American operation is in line with the strategy to deliver services to customers from locales in nearby time zones.
"The facility would help us establish our services in the central time zone which allows us to provide better support to our clients located across multiple geographies," Infosys technologies chief executive officer S Gopalakrishnan said in a filing with the Bombay Stock Exchange (BSE).
The development centre would provide key offerings in business process outsourcing and infrastructure management, the company said.
Mohit joshi, formerly a group engagement manager with Infosys banking and capital markets organisation, will head the new subsidiary.
The Mexican centre, with the dedicated resources to service clients in North America, Latin America and Europe, will start operations with over 250 seats. By the third year, the Monterrey facility will employ nearly 1,000 staff.
"Our clients are exploring opportunities to mitigate risk while expanding operations into the burgeoning market," Gopalakrishnan said.
A number of Indian outsourcing companies, including Tata Consultancy Services Ltd., have set up operations close to their European and US customers. Infosys' center in Brno in the Czech Republic, for example, offers remote infrastructure management and BPO services in a number of European languages.