Majestic MRSS, the first Indian market research firm expands its wings into Hong Kong, Singapore and Taiwan

Company Brief

Mumbai, August 11, 2010

Majestic MRSS Ltd. (Majestic Market Research Support Services Ltd) one of the Asia's largest independent Market Intelligent Firm has been expanding its geographic footprint over the past 5 years announced the opening of new full service offices in Taiwan, Hong Kong and Singapore.

MMRSS which has a presence in India, China, Thailand, Indonesia, Sri Lanka, Bangladesh, Vietnam and UAE has further strengthened its position in delivering Asia and the Middle East to its clients.

Raj Sharma, Co-Founder & President of MMRSS says, "We have always only entered those countries which our clients have directed us to or where we know that there are need-gaps that can be filled by our service portfolio." MMRSS plans to provide the research technology offerings similar to the existing countries it is in to these countries as well. Some of these services would be Eye Tracking, Emotional Engagement Measurement, Face Recognition, Video-streaming, CATI, SMS Research, Perception Analyzer, Online Focus Groups, Social Media Metrics, 3D Retailing, and other innovations. "We have traditionally been focused on emerging markets, but with many of our multinational clients based in developed markets in the region, full-service offices in these locations was a strongly felt need", Sharma said.

The company has the turnover of 30 crores per year, and their approximate investment in each country is 5 crores. The company is expecting revenue growth of 10 crores in the next one year from the expansion in the developed and developing countries like Hong Kong,Singapore & Taiwan.

The company said it was in the process of naming Country Heads for each location and would be making announcements in that regard in the following weeks. The subsidiaries have been currently staffed by Senior Researchers from other locations across the Region.

Majestic MRSS is also looking to add senior executives for these countries, and has mandated local recruitment firms to that end.

About MMRSS: MMRSS is more than a decade old full service Business Intelligence firm working in the Healthcare, Pharmaceuticals, BFSI, CPG/FMCG, Automotive, Hospitality & Retail, ICT sectors amongst many more. First Indian MNC to have international base, it now has presence in 11 countries and manpower of around 230 employees and still employing across Asia. In India their presence is strong in Mumbai, Delhi, Chennai, Kolkatta, Hyderabad and Bangalore and their manpower in India is 140 employees.

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