Thomson Reuters to invest substantially in India in the next few years

Thomson Reuters, an around $14 billion organisation in terms of revenue, will be investing substantially in India in the next few years.

The company which is present in around 130 countries, has four main lines of business– financial and risks, legal, tax and accounting and intellectual property and science.

“We are bringing all these four businesses to pay in this market and we are substantially investing in this market to scale up rapidly. In India we also have over 10,000 colleagues working in the operations sector,” Shanker Ramamurthy President Global Growth and Operations, Thomson Reuters.

This January, Thomson Reuters, announced the new organizational structure and leadership. The new, integrated structure aligns its business with its key customer segments.

The company has decided to focus on growth markets as part of this rejig and under the new business unit global growth and operations organizations (GGO), it will be focusing on four geographies-- Latin America, India, China and Russia to South Africa.

Particularly in market like India and China, it is connecting operations centres to its local businesses. The company plans to double its revenues in the GGO geographies by the end of 2015. 

“We are about six months into the journey and we are well on track. There are a lot of synergies in these business when we talk to our clients-- whether corporate or financial institutions. We can see from the discussions that there is real power in the model,” added Ramamurthy.

Swarup Choudhury, MD Thomson Reuters India, said India is one of the fastest growing regions producing professionals. “Our theme is to provide intelligent information and enhance the productivity of professionals,” says Choudhury adding that the company is looking at facilitating patenting activity in India by helping scientists and universities here.

With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries.