Infotech sets up subsidiary in Japan

Technology solutions and engineering design services provider, Infotech Enterprises Ltd (IEL) has set up a wholly-owned subsidiary in Japan by the name "Infotech Enterprises Japan KK", according to a statement released by the company today.

The Hyderabad based firm had posted a 45% increase in net profit at Rs 33.4 crore in the quarter ended September 2008, as compared to the corresponding quarter last year.