Infotech sets up subsidiary in Japan

New Delhi: Technology solutions and engineering design services provider, Infotech Enterprises (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.

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.