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TCS nears big BPO deal with Citigroup

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BG SHIRSATRAJESH S KURUP Mumbai
TCS nears big BPO deal with Citigroup
BG SHIRSAT & RAJESH S KURUP / Mumbai March 17, 2006
Tata Consultancy Services is close to finalising an outsourcing deal of around $500-900 million (Rs 2,000-4,000 crore) with global financial services giant Citigroup Inc.

The deal is expected to be signed shortly, if not next week. TCS will employ 2,200 people for the assignment in the first year and will ramp it up, depending on the contract.

According to sources in the industry, negotiations between the companies have reached a

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First Published: Mar 17 2006 | 12:51 AM IST

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