TCS set to clinch 150 financial product deals

Tata Consultancy Services (TCS), the country's largest software services exporter, is stepping on the gas to take its financial products business forward.

Its financial arm, TCS Financial Solutions "� which will be branded as TCS Bancs "� is currently bidding for at least 150 deals, which are in various stages of being awarded within the next 18 months.

"A majority of these deals are in the emerging markets such as Latin America, West Asia and South East Asia.

While some contracts may be finalised at $30 million at the lower end, the bigger ones can go as high as $200 million," according to N G Subramaniam, president, TCS Financial Solutions.

The division, which has a top line of $170 million (around Rs 690 crore), currently employs around 2,200 consultants and is expected to add another 500 by the end of the financial year.