Tata Consultancy Services Wins End-to-End Outsourcing Deal in Mexico Worth Over US$200 Million

MEXICO CITY, Nov. 15 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: TCS.BO) , a leading IT services, business solutions and outsourcing firm, announced that it had won a four year contract valued at over US$200 million with the Social Security Institute of Mexico (IMSS). With over 370,000 employees and providing coverage to over 50 million Mexican citizens, IMSS is the largest organization of its kind in Latin America. TCS won this engagement following a public bid process and a rigorous assessment based on technology and financial parameters over three other leading global and local technology companies.

In its role as the strategic IT services partner for IMSS, TCS will provide end to end IT services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for the organization's affiliates.

Earlier this year TCS had expanded its operations in Mexico by launching a global delivery center in the city of Guadalajara with plans to hire over 500 professionals in the short term. "Mexico is emerging as a key market for TCS in Latin America. As the strategic technology partner for the Government of Mexico's social security organization, TCS will bring in global best practices and benchmark standards to ensure excellence in service quality and performance, allowing them in turn to better serve the citizens of Mexico," said N Chandrasekaran, Executive Director and Chief Operating Officer of Tata Consultancy Services.

"This agreement with IMSS is the largest deal for us to date in Latin America, coming after similar large engagements we have won in recent years with ABN Amro bank in Brazil, Registro Civil in Chile and Banco Pichincha in Ecuador. It consolidates our position as the IT partner of choice for major Latin American organizations and also marks our emergence as a key player in the Mexican technology sector," said Gabriel T. Rozman, President of TCS Iberoamerica.

"We have a proven track record of managing complex IT systems and delivering results across the world. We value the trust that the government of Mexico has placed in us as a partner and are committed to making this engagement an absolute success," said Ankur Prakash, Country Manager, TCS Mexico.

With operations across 14 countries in Iberoamerica (Latin America, Spain & Portugal) including over 5,000 local employees, 150 active clients and large centers in Brazil, Chile, Ecuador, Mexico and Uruguay, TCS has emerged as one of the fastest growing companies in the information technology industry in the Latin American region.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing 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 100.000 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 http://www.tcs.com.

About TCS Iberoamerica

TCS Iberoamerica (TCSI) is the business arm of Tata Consultancy Services that operates across the Spanish and Portuguese speaking region of the world. Over 5.000 local consultants provide high quality IT services, business solutions and outsourcing to over 150 regional and global clients across 14 countries in Central America, South America, Spain and Portugal. TCSI operates Global Delivery centers (GDC) in Brazil, Mexico & Uruguay at CMMI Level 5, the highest quality standard for the industry, and maintains a Global BPO Services center in Chile.