4 hrs ago
TCS Wins ₹2,000 Crore Best Buy Technology Services Deal
Best Buy is giving TCS responsibility for running important technology work in India.
The agreement is expected to last five years and could be worth about ₹2,000 crore.
The work will involve Best Buy’s technology centre in Bengaluru.
About 600 people currently work at that centre.
TCS won the deal after competing with Accenture and Wipro.
Best Buy chose TCS because of its pricing, service promises and expected improvements in productivity.
The work will include data, analytics and artificial intelligence.
Best Buy is using its India centre to support its digital and AI plans.
Tata Consultancy Services won a five-year technology services mandate from Best Buy, according to The Times of India.
The estimated ₹2,000 crore agreement covers Best Buy’s Bengaluru-based global capability centre operations.
TCS was selected ahead of Accenture and Wipro based on pricing, service-level commitments and expected productivity gains.
Best Buy’s India centre has about 600 employees and supports data, analytics, artificial intelligence and digital technology work.
The deal expands TCS’s existing relationship with Best Buy as the retailer increases its focus on AI and digital commerce.
- Who
- Tata Consultancy Services and Best Buy; Accenture and Wipro were also involved in the bidding.
- What
- TCS won a five-year mandate to manage Best Buy’s India global capability centre operations and provide technology services.
- Where
- Best Buy’s global capability centre in Bengaluru, India.
- When
- The reports do not specify when the agreement was finalized.
- Why
- TCS reportedly offered competitive pricing, service-level commitments and expected productivity improvements; Best Buy is also expanding its digital and artificial-intelligence focus.
Key facts
- Estimated deal value
- Around ₹2,000 crore
- Agreement duration
- Five years
- Best Buy India centre
- Bengaluru-based global capability centre
- Centre workforce
- Approximately 600 employees
- Technology areas
- Data, analytics, artificial intelligence and digital technology
- Competing bidders
- Accenture and Wipro
- Best Buy FY2026 revenue
- $41.7 billion, compared with $41.5 billion a year earlier
Sources
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