TCS wants mega deals

[jayanthi mandhalapu]

Tata Consultancy Services, India's top software exporter, will pursue larger deals and leverage its full service offerings, it's newly a
ppointed chief executive and managing director said on Tuesday.

"We will certainly leverage our full service offerings and go for larger deals, where we can help out clients," N Chandrasekaran said.

N Chandrasekaran takes over as the new CEO and MD of the company from S Ramadorai whose term came to an end on August 8, but was given an extension till (October 5). He was appointed as TCS CEO and MD for a period of five years from August 9, 2004, to August 8, 2009.

Last week, the company said that it was seeing some signs of a recovery in the demand for outsourcing, especially from the banking, financial services and insurance sectors that account for 43 percent of its business.

India's top IT services firm by sales expects a recovery in the global banking sector to boost its revenues this year.