Feb 20, 2008

TCS Bags Multi-Year Deal from Chrysler

Country's largest software exporter Tata Consultancy Services on Wednesday said it has bagged a multi-year deal from US-based Chrysler LLC for providing a comprehensive portfolio of IT services for an undisclosed amount.

TCS would deliver application maintenance and support services to Chrysler. The IT services initiative would encompass a portion of the functional areas within Chrysler, such as sales and marketing and shared services, the company said in a filing to the Bombay Stock Exchange.

"This growing trusted partnership is a testament to TCS' competencies and capabilities which continue to help the customer in its business transformation by providing innovative IT services scalable to their needs," Tata Consultancy Services Executive Director and Chief Operating Officer N Chandrasekaran said.

The automotive industry is one of the focus markets for the TCS Manufacturing vertical, which accounted for 15.1 per cent of TCS' financial year 2007 global revenues worth $4.3 billion.

Shares of TCS closed at Rs 884, up 1.04 per cent on BSE.

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