India Tech Consultants Snag Giant Deal
$1.2B outsource win puts Tata firm on scale with IBM, Accenture
By Caroline Zimmerman,  Newser User
Posted Oct 18, 2007 6:20 PM CDT
Chief Executive Officer and Managing Director of Tata Consultancy Subramanian Ramadorai is shown in this file photo.   (Getty Images)
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(Newser) – Tata Consultancy Service has won a $1.2 billion contract with Neilsen, marking a historical record for an Indian company. TCS will provide the Dutch media powerhouse  with 10 years of infrastructure and financial management, BusinessWeek reports. The deal puts the company on the global finance map, able to compete with outsourcing bigshots like IBM and Accenture.

Indian firms have traditionally restricted themselves to contracts in the $50-200 million range, while moving towards more important deals around the globe in recent years. The Nielsen contract continues that trend, and also helps reduce Tata's currency risks by diversifying its income internationally. "This gives India much greater credibility," said a TCS capo about today's deal.