"The landmark engagement is expected to generate committed revenues for TCS of over 200 million Euro over the next five years," TCS said.
In addition to the significant annual revenues it would generate, this was the first multi-national global engagement that would allow TCS to utilise its global delivery model in its entirety, it said.
In addition to its large development centre in India, over 500 consultants would work from TCS' Global delivery centres in Brazil and Hungary.
"TCS has been investing continuously to build its global delivery model and best-in-class execution abilities. The milestone engagement with ABN Amro was a complete and irrevocable validation of our global delivery strategy," S Ramadorai TCS chief executive officer and managing director said.
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Leveraging its Global Delivery Model, through centres in Latin America and Hungary, TCS would manage a major part of ABN AMRO's application support and enhancement services for its operations in the Netherlands, Brazil as well as its private client business globally.
TCS would also provide application development for the Dutch Bank as one of the top five preferred suppliers and deliver ABN-AMRO's strategic banking platform.
"As part of this strategy, we wanted to look at large contracts outside of the US and this deal is a vindication of our stance - we are very proud to be partnering with ABN AMRO," N Chandrasekaran, executive vice president and head- global operations said.
The ABN AMRO contract would provide an ideal platform to grow in emerging markets in Latin America and continental Europe and is a testimony to the growing presence and impact of TCS in European business - banking and financial services, he said.
