TCS announces growth plans in Latin America

MUMBAI: Tata Consultancy Services is all set to expand in Latin America over the next five years.

Earlier this month, TCS had announced the signing of a five- year contract with the Dutch Bank ABN AMRO to provide application support and enhancement services for its operations in Latin America and Europe, generating EUR 200 million in committed revenues for the company.

The Latin America portion of this deal is estimated to generate upwards of US$100 million and the services will be provided leveraging TCS´ local infrastructure in the region.

TCS plans to create a new Global Development Centre in the state of Sao Paulo, Brazil, in addition to its existing CMMi Level 5 centre in Brasilia.

"The company is investing heavily in local operations. ABN AMRO's confidence in TCS gives us the drive to grow our business in this region even more aggressively," said Sergio Rodrigues, president of TCS Brazil.

TCS is also strengthening its South America operations by expanding its centre in Uruguay through extensive recruitment in Argentina. The Uruguay centre was the first centre in South America to be assessed at CMMi Level

5 and caters to major clients across Latin America, Europe and the US.

Since its entry into the region 3 years ago, TCS has acquired several regional and global clients including Grupo Santander, General Motors, ING, AIG, Goodyear, Brasil Telecom, Equifax, Alestra, Digitel,PDVSA, Grupo Iberostar, Banco Penta, Ripley, Telcel and Comercial Mexicana,

among others.

Gabriel Rozman, president of TCS Iberoamerica said, "We

are consolidating our high growth operations in Brazil and Uruguay and plan to hire over 1000 people over the next year. With a strong Latin America operation, our Global delivery model is now truly complete. The ABN AMRO deal validates this."