Wipro, HCL Tech bag deals worth over $1bn

  • HT Correspondent, Hindustan Times, Bangalore
  • Updated: May 21, 2014 00:15 IST

Signalling a rebound in the infotech industry, two of India’s leading IT companies, Wipro and HCL Technologies, have between them signed three large deals worth more than $1 billion, as advanced economies show signs of a thaw.

Wipro, India’s third-largest software exporter, bagged a $400-million (Rs. 2,400 crore) deal from Japan’s largest pharma company, Takeda. Wipro will provide infrastructure management service for Takeda’s facilities across the world, touching 30,000 users. Sangita Singh, chief executive, healthcare and life sciences, Wipro, said the company will partner with Takeda in its business transformation journey.

Wipro also bagged a $175 million (Rs. 1,050 crore) five-year contract from US ceramics manufacturer Corning Inc.

Wirpo’s closest rival, HCL won a deal worth an estimated $500 million (Rs. 3,000 crore) from beverage giant PepsiCo for infrastructure management services.

Infosys had said on Tuesday that Abu Dhabi-based Union National Bank implemented its Finacle treasury solution, but the deal size was not disclosed.

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