TCS completes acquisition of GE's stake in TCS Saudi Arabia
28th May 2021

Tata Consultancy Services (TCS) has completed the acquisition of GE's stake in Tata Consultancy Services Saudi Arabia for $12,471 (about Rs 9.13 lakh). In September 2013, TCS had announced the creation of an all-women business process services centre in Riyadh (Saudi Arabia) in partnership with GE.

In January 2021, TCS had said it will assume full responsibility of the centre upon completion of the required governance and business changes to effect this transition. This, it had said, would secure the centre's viability in the longer term and allow it to continue to serve as a source of opportunity and skills development for women in the country.

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.