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Company : Market Xcel Data Matrix Pvt. Ltd. 
Friday, October 7, 2011 4:10PM IST (10:40AM GMT)
Japan's leading consulting firm Nomura Research Institute to establish base in India in Partnership with Market Xcel
Nomura Research Institute (NRI) has decided to acquire 25.1% of Market Xcel Data Matrix's share to develop its consulting business in India
New Delhi, Delhi, India

Market Xcel Data Matrix Pvt. Ltd., one of India's leading market research firms, has announced its decision to partner with Nomura Research Institute (NRI), a leading provider of consulting services and system solutions from Japan. This partnership enables NRI to develop a strong base for research and consulting business activities in India. NRI has decided to acquire 25.1% stake in Market Xcel Data Matrix with an aim to establish a subsidiary in the Indian market and secure a research base in eight cities in India. This will enable NRI to form an indigenous and full-fledged organization for research and consulting services.

"Market Xcel has a great track record in identifying growth opportunities to strengthen its position as India's one of the leading market research firms. Based on our strong expertise in custom market research and our extensive reach across the country, we see an opportunity to broaden the scope of our business portfolio and team up with a brand that is on the fore-front of the research and consulting business" says Mr. R.Vishal Oberoi, CEO of Market Xcel."."

"There is a continuous flow of global companies into India where remarkable economic growth is going on. Interest in the Indian market is growing among many Japanese companies. NRI has been quite active in supporting Japanese and global companies' successful entry into the Indian market and will provide them with much quicker and more elaborate research and consulting services, with our partnership with Market Xcel we see great value coming to our efforts in this direction," said Mr. Shiro Tanikawa, Director, Corporate Senior Vice President, NRI

NRI's Indian subsidiary will start operating in November, 2011. At first, it will have 10 staff members, but this figure will rise to around 30 after five years. They will prepare business strategies for Japanese companies in the automobile industry and so on.

About Market Xcel

Market Xcel delivers tailor made solutions in the field of personalized research. The strong background of the leadership team and the employees allows Market Xcel to deliver services with distinction and partner our clients to help them develop closer insight into emerging customer and market behavior. Established in the year 2000 Market Xcel today offers facilities for coordinating research throughout India, with its presence in Mumbai, Delhi, Bangalore & Kolkata and a network of field offices in 10 cities across the country. In a decade long experience Market Xcel has worked extensively in sectors like Automotive, Healthcare & Pharma, Information & Technology, Telecom, FMCG, Retail, Banking & Finance, Media and Social Rural. The strength of Market Xcel lies in fully integrated operations focusing on the perennial needs of clients thus delivering localized, cost effective & client centric solutions.

About Nomura Research Institute, Ltd. (NRI)

NRI originated from Nomura Securities' research section and IT section. NRI is the result of a merger that took place in 1968 between the former Nomura Research Institute, which was established in 1965 as the first private sector Think Tank in Japan, and Nomura Computer Center (NCC) which engaged in introduction Japan's first private use computer system in 1966. Since then, NRI has been providing consulting services on corporate strategy and business policy, as well as development, operation and joint utilization of IT systems. Particularly in its consulting business, NRI is one of the largest Japanese consulting firms, with about more than 600 professional consultants deployed in Japan and abroad. NRI has clients among almost 70% of the companies in the top 100 (in terms of total capitalization) during the past half decade in the Tokyo Stock Exchange. NRI is actively expanding its business in Asian and emerging countries and offers advice on policy matters to governments and international organizations. In addition, it helps with local business strategy and sales planning, supporting organization/personnel management, and supporting the execution of alliance/acquisition strategies of private business entities in major Asian cities including Shanghai, Beijing, Taipei, Seoul, Manila and Moscow. For more information, visit: www.nri.co.jp/english

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Madhavi, 20:20 MSL, +91 9810788188, madhavi.kochar@2020msl.com
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