TCS Wins Best Buy India GCC Mandate Worth ₹2,000 Crore, Beats Accenture

TCS Share Price: Tata Consultancy Services (TCS) has emerged ahead of Accenture to win Best Buy’s India global capability centre (GCC) mandate, expanding its existing technology relationship with the US-based consumer electronics retailer.

As of 2 Sep, 10.26 AM

TCS share price is trading 0.93% lower at the time of writing this article on 2nd September 2026. The stock is down 27% year-to-date and 25% over the last year, from 2nd Sep 2025 to 2nd Sep 2026.

Details of TCS-Best Buy deal

Best Buy had floated a request for proposal (RFP) for technology services covering its India GCC operations. TCS secured the mandate after emerging ahead of Accenture in the final stage of the selection process. Wipro was also part of the initial shortlist.

According to media reports, TCS’s competitive pricing, aggressive service-level agreements (SLAs), and productivity benefits supported its selection.

Key details of the engagement include:

• Deal tenure: 5 years

• Estimated deal value: Around ₹ 2,000 crore

• GCC location: Bengaluru

• GCC employees: Around 600

• Broader technology services: Data, analytics and AI

The estimated ₹ 2,000-crore value covers the GCC operations as well as the broader technology services portfolio. The engagement therefore spans both GCC operations and wider technology services. TCS, Accenture, Wipro and Best Buy had not publicly disclosed the contract value at the time of the report.

How does the mandate expand TCS’s Best Buy relationship?

TCS already provides Best Buy with technology services and digital transformation support. The 5 year engagement is expected to deepen that relationship by giving TCS a broader role across the retailer’s technology operations in India.

Phil Fersht, CEO of HFS Research, told the Times of India that the existing TCS relationship with Best Buy could generate $75 million-$100 million in annual revenue, while noting that there is no publicly disclosed contract value.

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Why is Best Buy’s Bengaluru centre important?

Best Buy established a 70,000-square-foot technology centre in Bengaluru in 2024 as part of its digital transformation strategy.

The centre was planned as an innovation hub covering digital strategy, product management, design, engineering, infrastructure and operations. Brian Tilzer, then Best Buy’s chief digital, analytics and technology officer, said the company intended to make its India hub the “heart of innovation” around mobile and AI platforms and planned to build and expand teams in those areas.

Bengaluru centre has gained strategic importance as Best Buy increases its focus on AI and digital commerce, with the technology hub covering engineering, product development and digital transformation capabilities.

Conclusion: What does this mean for investors?

Best Buy mandate gives TCS a broader role across an existing client relationship through a five-year engagement estimated at around ₹ 2,000 crore.

For investors, the key development to monitor is how the expanded mandate strengthens TCS’s role in Best Buy’s India technology operations as the retailer continues to focus on AI and digital commerce.