{"id":298743,"date":"2018-06-13T13:28:54","date_gmt":"2018-06-13T07:58:54","guid":{"rendered":"http:\/\/www.tehelka.com\/?p=298743"},"modified":"2018-06-28T15:32:15","modified_gmt":"2018-06-28T15:32:15","slug":"tcs-expands-partnership-with-mg-prudential-pact-worth-nearly-1-2-billion","status":"publish","type":"post","link":"https:\/\/tehelka.com\/tcs-expands-partnership-with-mg-prudential-pact-worth-nearly-1-2-billion\/","title":{"rendered":"TCS expands partnership with M&amp;G Prudential, pact worth nearly $1.2 billion"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-298745 aligncenter\" src=\"http:\/\/www.tehelka.com\/wp-content\/uploads\/2018\/06\/tcs-300x118.jpeg\" alt=\"\" width=\"554\" height=\"218\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Tata Consultancy Services (TCS), India&#8217;s biggest software exporter, has expanded its agreement with M&amp;G Prudential (UK and European savings and investments business of Prudential plc), which will likely to expand the pact size to more than $1.2 billion. Earlier in January 2018, TCS had announced its 10-year partnership with M&amp;G Prudential which was worth $690 million.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">&#8220;We are delighted to have expanded this partnership which will help accelerate the growth agenda for M&amp;G Prudential,\u201d Suresh Muthuswami, President and Global Head, Banking, Financial Services and Insurance Platform, said in a statement.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><strong>The agreement according to the TCS statement:<\/strong><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The agreement has now been expanded to cover an additional 1.8 million customer policies which will move from M&amp;G Prudential to TCS.<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">This will eventually bring the total number of policies covered by the partnership to 5.8 million.<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The addition of no of policies will worth an additional $668 million over the term of the contract today.<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">TCS will take nearly around 400 employees from M&amp;G Prudential across a number of UK sites under the TUPE (transfer of undertakings) arrangements to the TCS&#8217; UK subsidiary.<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Another 183 employees in India are also expected to move from M&amp;G Prudential to TCS.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">\u201cWe are confident that extending our strategic partnership is the right thing to do. Our customers will benefit from a better experience, digitally enhanced systems, tools and service, while the colleagues who have been central to our success in servicing our customers will join a rapidly growing business\u2026,\u201d Prudential UK Chief Executive Clare Bousfield said.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Muthuswami, said the company remains committed to deliver greater speed, agility and flexibility through its BFSI (Banking, Financial services and Insurance) digital platform.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Consultancy Services (TCS), India&#8217;s biggest software exporter, has expanded its agreement with M&amp;G Prudential (UK and European savings and investments business of Prudential plc), which will likely to expand the pact size to more than $1.2 billion. Earlier in January 2018, TCS had announced its 10-year partnership with M&amp;G Prudential which was worth $690 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":299524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[2479,2480,2481,2482,1783],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/298743"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=298743"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/298743\/revisions"}],"predecessor-version":[{"id":299525,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/298743\/revisions\/299525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/299524"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=298743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=298743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=298743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}