Tata Consultancy Services Wins New Multi-Year Deal With Chrysler LLC

Tata Consultancy Services Ltd (TCS) on April 05, 2008 has announced that it has signed a new multi-year contract with Chrysler LLC to provide a comprehensive portfolio of IT services. The scope of this contract integrates the contract TCS announced in February with Chrysler.

TCS will deliver IT application and maintenance support services to Chrysler by leveraging its Global Network Delivery Model™ from various locations around the world as well as the recently announced TCS Seven Mills Park domestic delivery center outside Cincinnati, Ohio and through a locally recruited team in the Detroit, Michigan region. The project will include a portion of several functional areas within Chrysler such as Sales and Marketing, Shared Services, Product Development and After Sales.

"TCS is proud to play an increasing role in Chrysler''s business transformation and global expansion efforts," said N Chandrasekaran, executive director and chief operating officer of Tate Consultancy Services. "Our ability to deliver certainty of results across the entire spectrum of IT services in Chrysler''s operations will bring greater efficiencies to their business allowing them to Invest more in advance technology and change-the-business initiatives."

The automotive industry is a key focus market for the TCS Manufacturing vertical which accounted for 15.1% of TCS'' FY 2007 $4.3 billion global revenues. TCS provides services to many of the automotive OEMs and tier one Companies in North America, Europe and Japan. These services are provided across the entire automotive value stream including product development, manufacturing, supply chain and customer experience areas.

TCS''s Global Network Delivery Model is a collaborative, best-in-class framework of people, processes and infrastructure. The, model taps on TCS''s global intellectual assets of tools, methodologies and products to help customers reduce implementation time, realize benefits quicker and achieve business goals.

Tata Consultancy Services Subsidiary Diligenta Wins £100 Million BPO Contract

Tata Consultancy Services Ltd (TCS) has informed that Diligenta, a subsidiary of the Company, has won a contract to deliver Business Process Outsourcing services to support Sun Life Financial of Canada UKs (SLF UK) operations. The services, expected to commence in May 2008, are estimated to be worth £100 million (over USD200 million) over the life of the contract.

Diligenta has been working with SLF UK as preferred supplier since October 2007, following a competitive tender which came towards the natural end of SLF UKs existing outsourcing agreement. Diligenta will continue to run the operation in Basingstoke where SLF UKs Head Office is based.

The deal with SLF UK underlines the strength of TCSs Diligenta strategy, launched in 2006. Our vision was to establish a centre of excellence in the UK to capitalise on the growing BPO trend and to cultivate new opportunities in this sector, said A S Lakshminarayanan, vice-president and country head, TCS UK & Ireland. With the Sun Life Financial deal, Diligenta is moving into the second phase of its history, expanding its client base and UK market share and we are confident it heralds further growth for Diligenta.

Dillgenta is a UK-based, FSA regulated subsidiary of the Company. Since 2006, Diligenta has provided BPO services for the Pearl Group under a 12-year, £486 million contract to consolidate 11 financial and administrative systems onto a single platform.