TCS and Nest Expand Partnership for Digital Transformation

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Tata Consultancy Services (TCS) and Nest, the UK's largest workplace pension scheme, have expanded their partnership with a contract worth ₹9020 crores ($1.1 billion) for an initial period of 10 years.  The contract's total estimated value could reach ₹12,300 crores if extended for the full 18-year term.

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Under the extended partnership, TCS will utilize its TCS BaNCS platform, a future-ready, digitally enabled, omnichannel solution, to help Nest transform its administration services. The partnership reflects Nest's ambition to develop a world-class service and prioritize the interests of its members. 

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This partnership comes at a time when Indian IT services companies face challenges in key markets such as the United States and Europe.  This extended partnership with Nest presents a positive development for TCS and demonstrates their ability to secure significant deals in a competitive market.

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