October 22, 2005
TCS to open its first administrative office in the UK for back-office operations
Tata Consultancy Services (TCS), India's biggest outsourcing service provider, has finalized an agreement with Britain's Pearl Assurance. Under the terms of the agreement, TCS will extend business-processing support to Pearl's closed funds portfolio.
This contract places TCS in the back-office service market in Britain and will boost the company's efforts to enhance its presence in the UK. TCS already has tied up relationships with several British financial services, but the agreement with Pearl will lead to the first administrative office of TCS in the UK. Times Online reports:
The company has expanded outside India to establish bases in other low-cost countries such as China and Brazil. It also has operations in so-called “near shore” locations, such as Hungary, so that it can be closer to its customer. The move into Peterborough, in Northamptonshire, will allow TCS to offer customers the opportunity to outsource different tasks to different locations.
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