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India's IT Giant HCLTech Wins $1.14 Billion Mercedes-Benz Deal After Three-Year Dry Spell
mint - companies·Saturday, 4 July 2026
HCLTech has reportedly won a $1.14 billion contract from Mercedes-Benz, ending a three-year drought without a mega deal for the Indian IT company. The contract is expected to bring in $228 million in annual revenue, adding roughly 1.6% to HCLTech's FY27 growth. This is one of the biggest single deals won by an Indian IT firm in recent years.
Why It Matters
For anyone watching India's IT sector, this signals that large global enterprises are still betting big on Indian tech services even as AI disrupts the industry. HCLTech's performance matters to thousands of employees and investors.
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