NRI to Reinforce Research and Consulting Capability Through Capital Injection to, and Alliance with an Indian Research Company

  NRI to Reinforce Research and Consulting Capability Through Capital
  Injection to, and Alliance with an Indian Research Company

                -- To cover whole of India at 10 locations --

Business Wire

TOKYO -- July 22, 2013

Nomura Research Institute, Ltd.(NRI)(TOKYO:4307), a leading provider of
consulting services and system solutions, has announced its decision to make a
capital injection and to dispatch an officer to an Indian research company,
Market Xcel Data Matrix Pvt. Ltd. (MX, headquartered at New Delhi, CEO R.
Vishal Oberoi), in order to strengthen its infrastructure for research and
consulting services through reinforcement of its alliance with MX.

NRI India performed quite well to become profitable the first year after its
establishment in 2011.
NRI established NRI India in November, 2011, offering services mainly for
Japanese car manufacturers and other manufacturing industries, providing them
with strategic business plans, as well as a support service to the Japanese
government's infrastructure export policy.
NRI India deployed five Japanese consultants to deploy its comprehensive
services including market research, identification and evaluation of possible
local partners, business planning, M&A, establishment of joint ventures (JVs)
and business integration (PMI: Post Merger Integration) and to realize smooth
expansion of its business through achieving in the black from the first year
of inception and so.

MX has 10 locations throughout India and maintains a remarkable track record.
MX is an Indian company established in 2000, currently with 10 locations
throughout India (New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad,
Ahmedabad, Pune, Lucknow and Patna). The company is a leading research
institute in India, and has a favorable business relationship with many
reputable research and study institutes as well as consulting firms, including
NRI. In 2012, it secured research service contracts from more than 100
domestic and foreign clients.

To reinforce the alliance through capital injection and dispatch of an officer
to MX.
As a part of the alliance reinforcement trial, Nomura Research Institute Asia
Pacific (NRI APAC) obtained a 25% share of MX. Also, NRI's Deputy General
Manager of Consulting Business Dept. will be assigned as Non-Executive
Director of MX.
With this alliance reinforcement, NRI has secured a stable base to promote its
research and consulting business in India, as well as infrastructure to offer
its clients more assured and higher quality services.

Propelled by the alliance reinforcement effect, NRI India expects to secure
more than 50 projects in the business year ending March 2014, mainly from the
Japanese corporate and government sectors.
NRI India aims to offer strong support to its clients' business through its
services, and to contribute to further development of Indian society.

[Company profile of NRI in India]
Company name:           Nomura Research Institute India Pvt. Ltd.(NRI India)
Location or Address:     7th Fl. / Tower A, Building No. 5, DLF Cyber City,
                         Phase III Gurgaon, Haryana, India 122002
Capital:                 Rs. 410 million (Yen 639.6 million)
Date of Establishment:   November, 2011
Shareholders:            NRI APAC, NRI
President:               Hisao NAKAJIMA (NRI Senior Consultant)

Main line of business:
Research and consulting services relating to India (market research,
identifying possible local partners, M&A, Post Merger Integration -PMI, etc.)
for Japanese corporations planning to enter the Indian market.
Support services to projects planned by the Japanese and/or Indian governments
(assistance with dialogue or communication between Japanese and Indian
governments, support for feasibility studies on projects relating to India,
support for match-making among companies, support for development of
industrial human resources, etc.)


[Company profile of Market Xcel Data Matrix]
Company Name:           Market Xcel Data Matrix Pvt. Ltd.
Date of Establishment:   2000
Headquarters:            Delhi, India
CEO:                     R Vishal Oberoi
Offices in India:        New Delhi, Mumbai, Chennai, Kolkata, Bangalore,
                         Hyderabad, Ahmedabad, Pune, Lucknow, Patna
Overseas office:         Singapore

Main line of business:
Consumer surveys (interviews、face to face surveys、telephone surveys
、internet surveys, etc.)
Corporate surveys (internet surveys, interviews, etc.) and desk research
Web site:
*Exchange rate: Rs 1=Yen 1.56

[About Nomura Research Institute, Ltd. (NRI)]
Nomura Research Institute, Ltd. ("NRI", TOKYO:4307) is an independent, global
IT solutions and consulting services provider with annual sales of 363.8
billion yen as of FY ended March 2013. With front-to-back support for the buy-
and sell-side, NRI's tradition of innovation has positioned them as a trusted
international market leader. Leveraging NRI's global consulting business, NRI
is able to provide innovative financial IT solutions for investment banks,
asset managers, banks and insurance providers. For more information visit:


Nomura Research Institute, Ltd. (NRI)
Yasuo Togawa/Keita Kawagoe,+81-3-6270-8100
Corporate Communication Dept.
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