TCS arm in UK wins contracts worth Rs 1,800 cr

India s largest IT software firm Tata Consultancy Services (TCS) said its UK subsidiary Diligenta, which provides business process outsourcing (BPO) services, has bagged two life and pension contracts worth 250 million (around Rs 1,800 crore). The contracts come from the Phoenix Group and Old Mutual International following the transfer of Unisys Insurance Services (UISL) UK life and pensions services business to Diligenta. Diligenta s new contract with Phoenix Group has been extended by an additional six years until 2018 and both contracts will generate 250 million in revenue for the company over that period, reinforcing Diligenta s position as one of the ...

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