Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - SKF awards global AI-led business transformation contract to TCS'.
TCS · price
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TCS has won a long-term strategic partnership with SKF (a Swedish industrial manufacturing giant) to lead a global AI-led business transformation programme. TCS will deliver end-to-end managed services across applications, infrastructure, data, end-user services, security, and connectivity for SKF worldwide. The engagement aims to modernise SKF's existing IT landscape, build an AI-native digital foundation, and standardise operations across 130 countries. SKF, listed on Nasdaq Stockholm, had annual sales of SEK 91,583 million (~USD 8-9 billion) in 2025 and employs around 37,000 people. TCS reports over 20,000 employees in the Nordic region and revenues of over USD 30 billion for FY2026. The specific financial value of the contract is not disclosed.
A long-term managed services win from a large European industrial client strengthens TCS's Nordic presence and adds a significant new logo contract to its order book, though the undisclosed contract value makes it difficult to quantify the revenue impact precisely.