TCS Secures €550 Million Order From Tryg for Digital Transformation; Share Price in Focus

Tata Consultancy Services (TCS) has signed a €550 million contract with Tryg, one of Scandinavia’s leading non-life insurers. The agreement, announced on September 2,  2025, by TCS, will run for 7 years and expand on the companies’ 15-year partnership.

Scope of Work

As part of the deal, TCS will handle application development, infrastructure services, end-user support, and cybersecurity for Tryg. The IT major will also introduce artificial intelligence (AI) and cloud-based solutions aimed at automating processes and improving service delivery.

The partnership will cover Tryg’s operations across Denmark, Sweden, and Norway. With more than six million customers in these markets, the focus will be on simplifying IT systems and consolidating operations under a single model.

Other Goals

The initiative is aligned with Tryg’s “United Towards 27” plan, which seeks to streamline operations and build the capacity to deliver new digital solutions. The project is to reduce fragmentation within Tryg’s IT systems, which have grown complex due to acquisitions and expansion over time.

Digital Operating Model

Under the new structure, TCS will help establish a unified, digital-first operating model. This consolidation of functions is designed to improve efficiency, reduce costs, and shorten the timeline for launching new products and services in the Scandinavian market.

Read more: TCS Salary Hikes Effective from September 1, 2025: High Performers Get Up to 10% Raise!

Background and Presence

TCS has been active in the Nordic region for more than three decades. Currently, over 20,000 of its employees support enterprises across Denmark, Sweden, Norway, and Finland. The company and Tryg have maintained a close working relationship for the past 15 years, focusing on IT transformation and support services.

TCS Share Price Performance 

As of September 3, 2025, 10:23 AM, Tata Consultancy Services (TCS) share price was trading at ₹3,108.60, a 0.09% decrease from the previous closing price.

Conclusion

The 7-year agreement strengthens TCS’s position in the Nordic region while supporting Tryg’s long-term digital transformation plans across its core markets.

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