Thursday, December 18, 2025 | 06:46 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

TCS expands partnership with UK's Phoenix Group, inks over £600 mn deal

This will be one of the largest deals for the company in the coming quarter

TCS, Tata Consultancy Services
premium

TCS will leverage its Innovation Lab in the UK where its contextual experts and solution architects look for new ways of harnessing digital technologies to enhance the experience for policyholders, advisers, employers and operational staff.

Shivani Shinde Mumbai
Tata Consultancy Services (TCS) has announced an expansion of its long-standing partnership with Phoenix Group, UK’s largest long-term savings and retirement provider, through a contract valued at over £600 million (around $723 million).

This will be the largest deal win for TCS in FY23. As part of the deal, TCS will digitally transform Phoenix’s ReAssure business, including its administration services, using the BaNCS-based platform.

This will be one of the largest deals for the company in the coming quarter.

Under the agreement, TCS’s Diligenta will manage customer administration and servicing of ReAssure’s 3 million policies. Diligenta is TCS’s regulated