Mumbai, India, 17 August 2006: Rolta has announced on August 17 its joint venture (JV) with Land & Joint Systems division of Thales, to be headquartered in Mumbai in India. To be owned 51% by Rolta and 49% by Thales, the JV will take advantage of technology transfer from Thales for developing state-of-the-art Command, Control, Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance (C4ISTAR) information systems, for domestic and international markets. The initial authorised capital of the joint venture will be Rs. 50 crore (USD 10.5 million)
K. K. Singh, Chairman and Managing Director, Rolta India, said the joint venture would be incorporated on receipt of necessary approvals in the next two to three months.
Mr. Bruno Rambaud, Directeur Général (Senior Vice President), Thales Land & Joint Systems Division, stated, “The creation of this joint venture will be a significant milestone in our development within the Indian Defence and Homeland security markets.” He added that his company was also looking forward to setting up two more joint ventures in India over the next two years in the areas of aerospace and securities.
Thales is a leading international electronics and systems group established in France more than a century ago, serving Defence, Aerospace and Security markets worldwide. The group’s civil and military businesses develop in parallel to serve a single objective – the security of people, property and nations. With six divisions serving clearly defined markets, Thales is organised to remain close to its customers, sharing technologies and best practices across businesses and countries to combine world-class performance with unbeatable value for money.
The six divisions draw on a common platform of technologies to deliver real-time information management and distribution solutions and complex system architectures to their customers. Leveraging a global network of high-level researchers it offers an unmatched capability to develop and deploy critical information systems worldwide. Thales employs 60,000 people in 50 countries and generated revenues of over $13 billion in 2005, with a record order book of over $25 billion.
Rolta is a multinational organization with domain expertise in the fields of engineering and mapping/GIS. With its headquarters in Mumbai, India, Rolta is a leading provider of innovative services in computer graphics, mapping, engineering and enterprise-class eBusiness applications for more than 20 years. It employs over 3,000 professionals.