In what is the biggest-ever outsourcing deal for an Indian IT company, Tata Consultancy Services (TCS) has bagged a mega $2.25-billion con...
In what is the biggest-ever outsourcing deal for an Indian IT company, Tata Consultancy Services (TCS) has bagged a mega $2.25-billion contract with Nielsen, a television rating management firm.
TCS had a 10-year contract with the Mumbai-based company worth $1.2 billion.
Under the contract, TCS is assured of $320 million in business from Nielsen every year, from 2017 to 2020, $186 million in annual revenue from 2021 till 2024 and $139.5 million in 2025.
The renewal is considered a shot in the arm for Rajesh Gopinathan, who took over as CEO in February after N. Chandrasekaran was appointed the chairman of Tata Sons Ltd, the group holding company.
This comes a days after Tata Group's TCS has once again retained its first position in wealth generation in the last five years, leaving behind HDFC Bank and Mukesh Ambani's RIL.
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