As per the BSE, IT company Tech Mahindra opened an office in Hanoi, the capital city of Vietnam. As it found some business profits, the firm started another branch.

Tech Mahindra, IT industry inaugurated its sales office in Vietnam’s capital Hanoi in order to expand its operations in the country. It was planning to increase the headcount to 100 in the coming 2 to 3 years.

This new business of Tech Mahindra in Vietnam may lead to profits for them and enployees working there.

It seems that the company has been working with customers in Vietnam since 2012 as per a BSE filing. It has seen an uptick in the number of customers. The thing happened in the banking sector which includes a fully state-owned bank and other top banks also.

Tech Mahindra Head (Asia Pacific, India, Middle East and Africa) Rohit Gandhi said, “Vietnam is a key part of our regional strategy and is the sixth country in ASEAN where Tech Mahindra now has a physical presence. The sales office in Hanoi is another step in being closer to our customers. We plan to work with local universities and increase our headcount to 100 in next 2-3 years”.

The company is to develop next-gen solutions for its customers by providing a strong ecosystem in Vietnam consisting of leading product vendors and local partners.

Shares of the IT Tech Mahindra company were trading at Rs. 2,879.35 apiece.  It was down 0.08% from its previous close on the BSE.

“This investment will provide greater economic opportunities to work jointly and build a good knowledge base which can be used in the future to develop IT skills in Vietnam. It will also contribute to forging closer economic relations between India and Vietnam,” Indian Ambassador to Vietnam Preeti Saran said.