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Tata Consultancy Services has expanded its strategic partnership with Tryg, a leading Scandinavian non-life insurance company that operates in Denmark, Sweden, and Norway. As part of the seven-year €550M agreement, TCS will partner with Tryg to simplify and standardise operations across its three major markets and drive technological transformation, to accelerate the company's growth journey.
TCS will leverage its suite of AI and Cloud solutions across Tryg's entire IT landscape to augment delivery capability, automate core processes, and elevate customer experience. Taking ownership of application development and management, end-to-end infrastructure services, end-user services, and cybersecurity, TCS will propel Tryg's ‘United Towards 27' vision aimed at simplifying its IT operations and building the capacity to develop new digital solutions for more than six million customers. The expanded partnership will create an opportunity for TCS to streamline a historically complex IT landscape shaped by organic growth and acquisitions, unify fragmented operating models across geographies, and embed automation and AI to enhance efficiency in every element of the IT operations value chain.
As a part of the new agreement, TCS will also establish a unified digital-first operating model for managing business across the three key markets that Tryg operates in, consolidating functions that were dispersed across the region. The initiative will ensure scalability and expedite Tryg's go-to-market timeline, while boosting operational efficiency. By optimising development and operational costs, TCS will lay the foundation for a scalable and sustainable IT ecosystem.
TCS and Tryg have shared a strategic partnership spanning over 15 years. TCS has collaborated with Tryg over the years on many elements of their transformation journey and continued to deliver on key outcomes. Using its deep contextual knowledge, TCS has developed a unique model to drive an industry-first business case for its Danish and Nordic customers while achieving their strategic business goals. Under the new engagement, TCS will use its deep understanding of the company's objectives to make Tryg more resilient to future technological disruptions.
Tata Consultancy Services (TCS) announced that it has completed the migration of Scottish Widows' life and pension heritage book onto its TCS BaNCS™ administration platform managed by Diligenta, a leading life and pensions provider in the United Kingdom, and a subsidiary of TCS.
Diligenta has migrated the final tranche of data relating to more than 900,000 customers. With this migration, Diligenta has completed the Life and Pension migrations covering over 3.8 million customers of Scottish Widows on the TCS BaNCS™ Platform and digital ecosystem.
Additionally, TCS has implemented the Next-gen TCS BaNCS Wealth administration platform that caters to the UK market. It has successfully completed the migration of 980,000 retail customers' portfolios. TCS' next gen platform will support servicing existing Individual Savings Accounts/Open Ended Investment Company (Mutual Funds) products while enabling future digital servicing for customers.
The transformation replaced a number of legacy systems with the digitally enabled TCS BaNCS™ BFSI platform. Customers can now expect faster and simpler service from Scottish Widows.
Tata Consultancy Services (TCS) partnered with Unilab to transform its legacy ERP system into a cloud-based platform powered by SAP S/4HANA on RISE. This upgrade strengthened Unilab’s digital infrastructure, enhanced operational agility, and provided real-time business insights.
TCS oversaw the entire implementation process—from strategy and design to data migration, testing, and change management—supporting Unilab’s goal of scalable growth in the competitive healthcare industry.
Unilab is one of the largest pharmaceutical companies in the Philippines, with a legacy spanning 80 years. It operates an extensive distribution network, managing thousands of trade customers. Unilab's manufacturing plants are situated in multiple locations, and its products are distributed across 18 nations across a wide market. This engagement will focus on helping Unilab preserve existing process expertise while harmonizing operations and integrating intelligent analytics.
Sebastian Frederick Baquiran, president and CEO of Unilab, Inc, said, 'Unilab remains steadfast in its mission to deliver quality healthcare products and services with excellence and innovation. As we grow our product portfolio and reach new markets, this partnership with TCS, underpinned by SAP RISE and powered by AWS cloud, ensures we continue to future-proof our operations and create long-term value for all our stakeholders.”
Seema Mehra, vice president & business head, ERU & LSHC - APAC, Middle East, and Africa, TCS, said, “We are honored to support Unilab in this important initiative. With SAP S/4HANA at the core, Unilab is reinforcing its position as a digital-first enterprise. This transformation will help them accelerate innovation and continue to deliver high-quality medicines and healthcare services for the communities they serve.”
Shiju Varghese, Country Head, TCS Philippines, said, “Our collaboration with Unilab marks a significant milestone in advancing digital capabilities within the healthcare sector. With our extensive experience and industry insight, we are committed to delivering outcomes that support Unilab’s strategic ambitions and contribute to improved healthcare access for the Filipino people.”
TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. The IT major reported a 4.38% jump in consolidated net profit to Rs 12,760 crore despite 1.62% decline in revenue from operations to Rs 63,437 crore in Q1 June 2025 over Q4 March 2025. The company’s total contract value (TCV) dropped to $9.4 billion in Q1 June 2025, down 22.95% compared with $12.2 billion in Q4 March 2025. Additionally, the attrition rate was at 13.8% for the last twelve months (LTM), the highest in nearly two years.
Shares of TCS shed 0.20% to Rs 3,090.60 on the BSE.
Tata Consultancy Services (TCS) has announced a partnership with Unilab, Inc., a leading pharmaceutical and healthcare company in the Philippines, to modernize its core business systems through a strategic cloud migration. This transformation will strengthen Unilab's digital infrastructure, enhance operational agility, and drive long-term business growth.
As part of this collaboration, TCS will help Unilab transition from its legacy enterprise resource planning (ERP) system to a modern, cloud-based digital core. This shift will help Unilab unlock timely insights, simplify operations, and enable data-driven decision-making across business functions. This transformation will be delivered through SAP S/4HANA on RISE, providing Unilab with a scalable, intelligent enterprise platform. TCS will lead the end-to-end implementation, including strategy and design, project governance, system implementation, data migration, testing, and change management.