Infosys Sets Up Center In Mexico

Bangalore: Infosys Technologies Ltd has formed the company''s first Latin American subsidiary, and has opened the development centre and office for the region based in Monterrey, Mexico. This is the third region-specific subsidiary of Infosys after Australia and China. The subsidiary, Infosys Technologies S. De RL De CV, will provide business consulting and information technology services for clients in all industries, including banking, financial services, retail, consumer packaged goods, energy and utilities.

In the first year, Infosys Technologies S. De RL De CV will have more than 250 seats. By its third year of operation, it is expected to employ nearly 1,000 employees. After examining several countries in the region, Infosys chose Mexico because of the broad language skills, geographical proximity to Canada, the US and Europe. Latin America is a strong emerging market and one where many of the company''s clients have operations.

Infosys has roped in Mohit Joshi to head the new subsidiary. Joshi, formerly a group engagement manager with the company''s banking and capital markets organization, has more than 12 years experience.