That would make it possibly TCS's largest outsourcing deal The company's biggest deal before this was a $2.25 billion contract signed with Nielsen in December 2017.
Mumbai-based TCS announced it has won a contract renewal from British insurance group Aviva that runs till 2039. The deal renews.
TCS's current engagement, under which Friends Life had initially awarded a $2.2 billion, 15-year contract to the company in 2012. Aviva acquired Friends Life in 2014.
Under the ongoing partnership, which began on 1 March 2012, TCS is overseeing administration responsibility for 3.2 million policies offered by Aviva until 2027, and was assured of $146 million in revenue every year.
The new deal expands the coverage to have TCS oversee 5.5 million life and pension policies offered by Aviva. A $2.5 billion deal for 15 years implies the company would earn at least $165 million in revenue every year.
The renewal of the deal marks the third such mega deal (IT contracts valued at over $1 billion) won by TCS under K.
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