 "Nissan's investment will further strengthen our relationship: Subu D Subaramanian")
A few days ago, Japanese auto major Nissan picked up a 38 per cent stake in Hinduja Tech, formerly known as Defiance Technologies, a wholly-owned subsidiary of Hinduja Group firm Ashok Leyland. Subu D Subramanian, managing director and CEO of Hinduja Tech, speaks to T E Narasimhan about the deal. Excerpts:
What does this deal mean to Hinduja Tech? Other than infusing money, how will it help the company?
We have been providing engineering and IT services to Nissan for many years. We believe this strategic investment will further strengthen our relationship, opening more opportunities for us to provide our services to Nissan.
Will Nissan get board seat in Hinduja Tech?
Nissan is expected to nominate two directors to the board of Hinduja Tech.
The day-to day management and operations of the company will continue to be managed by the independent professional management team.
Are you looking for another partner?
Our growth plans for the immediate future are adequately funded by the current levels of investments.
Is your IPO plan still on?
If beneficial, IPO will be considered as an option at an appropriate time in the future by our board and investors.
Where do you see the company in terms of turnover in the next two years?
Hinduja Tech has a vision to be a leading design and engineering services company in the next few years. The company is investing in building new capabilities to align with future business requirements. Since we are a closely-held company, we do not disclose our financials publicly.
What does this deal mean to Hinduja Tech? Other than infusing money, how will it help the company?
We have been providing engineering and IT services to Nissan for many years. We believe this strategic investment will further strengthen our relationship, opening more opportunities for us to provide our services to Nissan.
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This would give Hinduja Tech access to the business of Nissan and Renault that have formed an alliance globally and it is one of the major alliances in the automotive industry.
Will Nissan get board seat in Hinduja Tech?
Nissan is expected to nominate two directors to the board of Hinduja Tech.
The day-to day management and operations of the company will continue to be managed by the independent professional management team.
Are you looking for another partner?
Our growth plans for the immediate future are adequately funded by the current levels of investments.
Is your IPO plan still on?
If beneficial, IPO will be considered as an option at an appropriate time in the future by our board and investors.
Where do you see the company in terms of turnover in the next two years?
Hinduja Tech has a vision to be a leading design and engineering services company in the next few years. The company is investing in building new capabilities to align with future business requirements. Since we are a closely-held company, we do not disclose our financials publicly.