Add-on Acquisition • Insurance

TCS Acquires Pearl Group

On October 19, 2005, TCS acquired insurance company Pearl Group for 95M USD

Acquisition Context
  • This is TCS’s 1st transaction in the Insurance sector.
  • This is TCS’s 5th largest (disclosed) transaction.
  • This is TCS’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date October 19, 2005
Target Pearl Group
Sector Insurance
Buyer(s) TCS
Deal Type Add-on Acquisition
Deal Value 95M USD

Target Company

Pearl Group

United Kingdom
Pearl Group is a provider of insurance and reinsurance services.
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Buyer Overview 1

Buyer

TCS

Mumbai, India

Category Company
Founded 1968
Sector Information Technology
Employees607,979
Revenue 2.55T INR (2025)
DESCRIPTION

TCS is a provider of IT and consulting services. TCS was founded in 1968 and is based in Mumbai, Maharashtra.


Deal Context for Buyer #
Overall 5 of 16
Sector: Insurance 1 of 1
Type: Add-on Acquisition 4 of 13
Country: United Kingdom 1 of 1
Year: 2005 3 of 4
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Financial Network Services

India

Financial Network Services (FNS) offers core banking solution product (BANCS) and access to 116 customers in 35 countries.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Comicrom S.A.

Santiago, Chile

Comicrom is a check processing business in Chile.

Buy $23M