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Was it a good decision: TCS and CGSL

Created by : Vikram Kashyap, Sr. Associate, ABN Amro  | 10 10 2008 14:31:19 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : It BPO Decision TCS CGSL
Activity:  702 views;  last activity : 07 06 2010 20:18:09 +0000
We all know that TCS has CGSL's BPO unit in your opinion was it a good decision or an incorrect one.
  
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Agreed, its a costly deal esp. in the present volatile market conditions.
By Hasan Zubair, Head - Client Support Unit, UBS  | 10 10 2008 16:19:40 +0000
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I think it is correct decision as CGSL has promised a $2.5 billion revenue. There has also been a growth of 9%. And with this TCS would stand as the second largest country BPO handling country after Zenpact.
By Vivek Kumar, Associate,bulls Research  | 10 10 2008 14:33:51 +0000
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I seriously dont understand what did Ramadorai(CEO of TCS) think before joining hands with CGSL. I think the deal was itself too costly. The CGSL is expected to close this calendar with $280 million and the deal which was offered was of $505 million, which is almost the twice. TCS willnow have 20,000 people on its role.
By Vikram Kashyap, Sr. Associate, ABN Amro  | 10 10 2008 14:31:19 +0000
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