Indian expertise agency HCLTech has signed a $1.14 billion strategic partnership with a Europe-headquartered Fortune World 50 firm to remodel and handle the consumer’s digital office and enterprise community operations.

In a inventory change submitting on Friday, HCLTech mentioned the settlement would set up an “AI pushed working mannequin” for the client.

The contract will run from July 2026 to December 2031 and could be prolonged for an additional 5 years, HCLTech mentioned.

“The estimated worth of the settlement in the course of the preliminary time period is US $1.14 billion. That is solely a web new enterprise for the Firm,” it added.

Though HCLTech didn’t establish the client, The Financial Instances reported, that the consumer is Mercedes-Benz and that Infosys was the incumbent vendor for the account.

The deal comes as massive firms look to make use of AI to run expertise operations extra effectively, whereas IT companies suppliers compete for main office and community transformation contracts.

HCLTech mentioned it has greater than 227,000 workers throughout 60 international locations, with companies spanning AI, digital, engineering, cloud and software program.

Fortune World 50 refers back to the high 50 firms within the Fortune World 500, an annual rating of the world’s largest firms by income. Fortune mentioned firms on its 2025 World 500 record generated $41.7 trillion in income in 2024 and employed 70.1 million individuals worldwide.