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IT services firm, Tata Consultancy Services (TCS) has bagged a USD 100 million deal from US healthcare company Kimberly-Clark, which owns brands such as Huggies and Kleenex.

This is also one of the major deals for the Indian outsourcing industry, which gets majority of its its revenues from overseas clients, with US being one of the largest market for Indian software firms, accounting for more than 60 per cent of sales.

Last week, TCS bagged a USD 90 million deal from Australia's Qantas Airways. The company was also believed to be closing in on a major deal from Bank of China. The Bank of China deal is slated to be one of the largest outsourcing deals in Asia.

Earlier, TCS announced that it was working on at least five deals and was hopeful of garnering over USD 100 million in this quarter. A 200 million euro contract from ABN Amro and a USD 200 million deal from CitiGroup were the other major deals bagged by the company.

India’s software and back-office industry, expects exports to rise 27-30 per cent to USD 29-31 billion in the year to March 2007 as demand for outsourcing remains robust.

Attracted by a large pool of English-speaking engineers and significantly lower wage costs, the industry has been a driving force behind India’s strong economic growth for the last three years.