Wal-Mart shortlists TCS, Infosys, Wipro for $500 mn deal
BANGALORE: Wal-Mart Stores has shortlisted top Indian tech firms, including TCS, Infosys and Wipro, for an outsourcing contract potentially
Top Indian outsourcing cos
Cities that are IT hubs
worth up to $500 million over next few years, as the retailer seeks to award multiple contracts for managing its business applications and other back office activities.
At least two people familiar with Wal-Mart’s outsourcing strategy told ET on conditions of anonymity that the retailer is expected to start outsourcing more to India within six months.
“Wal-Mart has been testing the waters by outsourcing smaller projects to companies such as Infosys, TCS and Wipro. Now, the retailer wants to flesh out a more comprehensive outsourcing strategy and has shortlisted these tech vendors,” said a senior executive of one of the tech firms exploring business opportunities with Wal-Mart. He requested anonymity because he is not authorised to speak to media.
When contacted by ET last week, Wal-Mart spokesman John Simley confirmed his company is in discussions with several service providers, but declined to elaborate any further. “
Certainly, we feel our company has a lot to offer India and we hope to grow our business there. We are always in discussions with potential service providers, but we have nothing to announce at this time,” he said.