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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

(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.

Chief Executive Officer and Managing Director of Tata Consultancy Subramanian Ramadorai is shown in this file photo.
Chief Executive Officer and Managing Director of Tata Consultancy Subramanian Ramadorai is shown in this file photo.   (Getty Images)
Subramanian Ramadorai is the cheif executive of Tata Consultancy Services, a huge company that has long provided temporary labor and offshoring services to U.S. high-tech companies.
Subramanian Ramadorai is the cheif executive of Tata Consultancy Services, a huge company that has long provided temporary labor and offshoring services to U.S. high-tech companies.   (KRT Photos)
Tata Consultancy Services (TCS) Chief Executive Officer S Ramadorai, left, and Ferrari Chief Information Officer Antonio Calbrese hold a Ferrari flag as they pose for photographers at a function in Mumbai, India, Tuesday, June 26, 2007. (AP Photo/Rajesh Nirgude)
Tata Consultancy Services (TCS) Chief Executive Officer S Ramadorai, left, and Ferrari Chief Information Officer Antonio Calbrese hold a Ferrari flag as they pose for photographers at a function in Mumbai,...   (Associated Press)
Chairman of Tata Group, Ratan Tata, looks on during a ceremony held at the inauguration of the new corporate headquarters of Tata Consultancy Services (TCS) in Mumbai, India, Tuesday, Aug. 14, 2007.  TCS is India's top software exporter. (AP Photo/Gautam Singh)
Chairman of Tata Group, Ratan Tata, looks on during a ceremony held at the inauguration of the new corporate headquarters of Tata Consultancy Services (TCS) in Mumbai, India, Tuesday, Aug. 14, 2007. ...   (Associated Press)
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