Mumbai, India, April 4, 2008 — Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading global IT services and business solutions firm, today 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 Hills 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 Tata 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’ Global Network Delivery Model is a collaborative, best-in-class framework of people, processes and infrastructure. The model taps on TCS’ global intellectual assets of tools, methodologies and products to help customers reduce implementation time, realize benefits quicker and achieve business goals.
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About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services and business solutions organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 108,000 of the world's best trained IT consultants in 47 countries. The company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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