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From the News Desk
Monday, 23. January 2006
HCL Bags USD 335 Mln Outsourcing Deal
HCL Technologies on Thursday announced a Rs 1,500 crore (USD 335 million) IT outsourcing deal with European electrical retailer DSG International. Although the deal, spread over five years, betters the previous record of USD 260 million set by Tata Consultancy Services (TCS) for its deal with ABN Amro, it falls short of India’s largest ITeS contract ever -- TCS’s USD 847 million BPO deal with UK’s Pearl Group announced last year.
According to the terms of the deal, HCL Technologies will provide systems development, application delivery, infrastructure support and maintenance services to DSG International, Europe’s leading specialist electrical retailer. Industry analysts describe the deal as part of a larger trend where Indian IT companies are increasingly bagging a large proportion of mid-sized outsourcing contracts.
It is said that deal would lead to at least 25% cost saving for DSG in the short to medium-term. The deal is also likely to create capacity for 1,000 people in India. The company, however, refused to confirm or deny the size of the deal from British specialist electrical retailer DSG International. DSG International trades in 14 European countries and serves 100 million customers each year. In the UK, it trades as Dixons, Currys, PC World and The Link. The group specialises in the sale of high technology consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related financial and after-sales services.
According to the terms of the deal, HCL Technologies will provide systems development, application delivery, infrastructure support and maintenance services to DSG International, Europe’s leading specialist electrical retailer. Industry analysts describe the deal as part of a larger trend where Indian IT companies are increasingly bagging a large proportion of mid-sized outsourcing contracts.
It is said that deal would lead to at least 25% cost saving for DSG in the short to medium-term. The deal is also likely to create capacity for 1,000 people in India. The company, however, refused to confirm or deny the size of the deal from British specialist electrical retailer DSG International. DSG International trades in 14 European countries and serves 100 million customers each year. In the UK, it trades as Dixons, Currys, PC World and The Link. The group specialises in the sale of high technology consumer electronics, personal computers, domestic appliances, photographic equipment, communication products and related financial and after-sales services.
