PCI Ltd has officially announced its joint venture with Europe based Riello UPS, one of the largest UPS manufacturers in the world. Surinder Mehta, founder chairman, PCI Ltd, said the new joint venture company will be called Riello PCI India Pvt Ltd.

Surinder Mehta welcomed the deal, saying the joint venture will enable the combined skills, experience and technology of the two companies to rapidly capture the UPS market in India and in the Indian subcontinent.

According to Anil Munjal, director and CEO, Riello PCI India Pvt Ltd, "This agreement with Riello will strengthen and complete the range of solutions that PCI Ltd is capable of offering to its clients. The advanced technology and environmental sustainability of Riello UPS systems is of great interest to sectors from finance to banking, to healthcare to information technology, and manufacturing to computer services and data centres.”

“We are extremely pleased to enter this joint venture with PCI Ltd. This is another milestone in the development of Riello UPS worldwide growth strategy and we plan to become major shareholders in the company within next two years ," said Passuello, managing director, Riello UPS.