TCS moves up on expanding partnership with Aviva

Tata Consultancy Services is currently trading at Rs. 3812.80, up by 13.70 points or 0.36% from its previous closing of Rs. 3799.10 on the BSE.

The scrip opened at Rs. 3804.15 and has touched a high and low of Rs. 3834.90 and Rs. 3803.80 respectively. So far 16066 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3965.00 on 15-Jan-2024 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 3855.00 and Rs. 3780.00 respectively. The current market cap of the company is Rs. 1376609.94 crore.

The promoters holding in the company stood at 72.41%, while Institutions and Non-Institutions held 22.54% and 5.03% respectively.

Tata Consultancy Services (TCS) has expanded its partnership with a new 15-year agreement with Aviva, the UK’s leading Insurance, Wealth and Retirement provider, to transform Aviva’s UK Life business and enhance customer experience leveraging the TCS BaNCS based platform. As part of this, the end-to-end policy administration and servicing will expand to cover over 5.5 million policies, to be managed by Diligenta, TCS’ FCA regulated subsidiary in the UK, on behalf of Aviva.

Aviva and TCS have jointly transformed the end-to-end experience of Aviva’s customers over the years, through a strong foundation of digitization and simplification. Aviva has now engaged TCS, to extend this enhanced customer experience using the same future-proof TCS BaNCS based digital platform to administer other Aviva books of business.

TCS’ customer-centric approach to digitization at enterprise level is centered around New Consumer Duty Principles to provide good customer outcomes, through self-service capabilities for customers, digitally powered service delivery centers and a simplified technology landscape. TCS will leverage its BaNCS based platform and contextual knowledge to improve service quality and enhance the experience for all stakeholders including policyholders, advisers, and operational staff. This will enable quicker resolutions, improved access to information and better outcomes for Aviva’s customers.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.