HCL Tech bags Rs 1,500-cr deal from European co — To provide total outsourcing services to DSG

A small step for HCL but a giant leap for Indian Outsourcing Industry.Indian firms gain a foothold into the "total outsourcing services" .

BusinessLine reports, "IN what is being billed as the biggest contract won by an Indian IT company, HCL Technologies has bagged a Rs 1,500-crore ($333 million) five-year co-sourcing deal to provide total outsourcing services to Europe's leading electrical retailer, DSG International.

"This is the biggest deal signed by an Indian IT company, and is also the first total IT outsourcing deal involving the taking over of a department of a large multi-billion dollar corporation. This is also the largest infrastructure management deal ever signed," said Mr Vineet Nayar, President, HCL Technologies.

The outsourcing deal would entail system development, application delivery and infrastructure support, industry sources said.