Tata Consultancy Services in negotiations for $1 billion outsourcing deal

Tata Consultancy Services in negotiations for $1 billion outsourcing deal

Tata Consultancy Services (TCS) is in the final stages of negotiations with Deutsche Bank for an outsourcing deal estimated at $1 billion. This could become the biggest outsourcing deal obtained by an Indian IT company.

Processes to be outsourced to India could range from sales and collections to processing of financial data.

"TCS is in close negotiations with Deutsche Bank for the outsourcing deal. TCS is the only company in the fray, and if it is successful, it will be able to wrap up the deal in a month," a source said. Executives declined to comment on the deal, citing a mandatory silent period before the fourth quarter results.

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2 Comments

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A note of painful reality needed here on TCS..I used to work in Tata Consultancy Services earlier. Frankly, I was shocked to see the level of staff exploitation as well as lack of ethics in their client work culture, contrary to the general impression created by them in front of the Industry. I remember that they completely copied a major Benchmarking study from one client to another without any sincere effort done at all, happened in front of my eyes.. It is sad to see the American Industry running after and incredibly enriching these kind of firms, who fundamentally grew from highly unethical and exploitation driven business models. Also, it may surprise many of us to know that none of the good and qualified professionals stayed long in TCS in 1990s and beyond. Most of the good genuine professionals were harassed and suppressed politically by the highly predominant and huge number of low-quality and less educated but highly political old timer staff in TCS , and left the firm after demotivation in this kind of negative work environment. Result is that all the low quality and less educated people who have stuck to TCS past 10-20+ years are occupying most of senior positions nowadays, while almost all the good people in the past 10 odd years left due to demotivation and harassment in this highly political work environment.. LET THIS BE A CHALLENGE TO TCS, IF THEY CAN REFUTE THIS FACT.. There are hundreds and maybe thousands of good ex-TCS employees who can vouch for this sad fact..


Comment by Rangesh on October 4, 2007 12:34 am


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