Establishment of a New Office in Bengaluru, India

Sumitomo Corporation India Pvt Ltd. (Headquarters: New Delhi, India; Chairman and Managing Director: Masaki Morohoshi), an overseas subsidiary of Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo), has established “Bengaluru Office”.

Bengaluru, the capital of the southern Indian state of Karnataka, is home to a large number of startup companies and has given numerous unicorns through its world's leading startup ecosystem. In addition to several large Indian IT companies that have headquarters here, Bengaluru has one of the largest number of IT engineers in the world, and is said to be an IT city comparable to the Silicon Valley in the US.

Sumitomo Corporation aims to incorporate advanced technologies and establish new business models jointly with start-up companies in India, which is experiencing rapid growth. At the same time, Sumitomo Corporation will work with leading Indian IT companies to accelerate the digital transformation of Sumitomo Corporation Group and work to revolutionize existing businesses and create new ones.