Tata Consultancy Services is in the final stages of negotiations with Deutsche Bank for an outsourcing deal estimated at around $1 billion.
This can be the biggest outsourcing deal won by an Indian information technology company if TCS bags the contract.
TCS had signed a $848-million deal from the UK-based Pearl Group in October last year.
"TCS is in close negotiations with Deutsche Bank for the outsourcing deal. TCS is the only company in the fray, and if it is successful, it will be able to wrap up the deal in a month," a source close to the development said.
The processes to be outsourced to India could not be ascertained at the moment, but sources said they could range from sales and collections to processing of financial data.
TCS executives declined to comment, citing the mandatory silent period before the fourth quarter results. TCS will announce its results on April 17.
Deutsche Bank has been planning to move half of its back-office jobs and operations to India by the end of the next year, as part of an attempt to save Euro 19 billion in cost.
It was also looking at shifting sales jobs and trading operations, and increasing its offshore staff to 2,000, apart from ramping up offshore research staff to 500 from the present 350.
Deutsche Bank is also looking at outsourcing certain processes to its Bangalore-based subsidiary, Deutsche Network Services. DNS is into payment and cash management outsourcing processes.
Earlier, TCS, along with Infosys Technologies and Patni Computer Systems, had also bagged a $250-million outsourcing contract from ABN Amro Bank. The Tata group company is also in talks with Citibank for an outsourcing deal, the size of which could not be ascertained.
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