Public
Traded as
BSE:532540
NSE:TCS
BSE SENSEX Constituent
Industry
IT services, IT consulting
Founded
1968
Founder(s)
JRD Tata
Worldwide
Key people
Ratan Tata
(Chairman)
N. Chandrasekaran
(CEO & MD)
Seturaman Mahalingam
(CFO)
Services
Revenue
Profit
Employees
238,583 (2012)
Parent
Tata Group
Website
www.tcs.com
Tata Consultancy Services Limited (TCS) (BSE:532540 , NSE:TCS ) is an Indian provider of information
technology (IT) services, business solutions and outsourcing services headquartered in Mumbai, Maharashtra, India.
It is a subsidiary of Tata Group conglomerate. TCS is one of the largest publicly traded company in India by market
capitalisation.[5] It is also the largest IT services company in India by revenue and profit.[6]
History
One of TCS' first assignments was to provide punched card services to a sister concern, Tata Steel (then TISCO). It
later bagged the country's first software project, the Inter-Branch Reconciliation System (IBRS) for the Central Bank
of India.[7] It also provided bureau services to Unit Trust of India, thus becoming one of the first companies to offer
BPO services.
Timeline
Early 1970sTata Consultancy Services started exporting its services.
1974The company pioneered the global delivery model for IT services with its first offshore client . TCS's first
international order came from Burroughs Corporation, one of the first business computer manufacturers. TCS was
assigned to write code for the Burroughs machines for several US-based clients. This experience also helped
TCS bag its first onsite projectthe Institutional Group & Information Company (IGIC), a data center for ten
banks, which catered to two million customers in the US, assigned TCS the task of maintaining and upgrading its
computer systems.
1975TCS counducted its first-ever campus interview which was
at IISc,Bangalore. The recruits comprising 12 IITians and 3 IISc
graduates were the first to get formal training at the company.
1979TCS delivered an electronic depository and trading system
called SECOM for SIS SegaInterSettle, Switzerland. It was by far
the most complex project undertaken by an Indian IT company.
TCS followed this up with System X for the Canadian Depository
System and also automated the Johannesburg Stock Exchange
(JSE).
TCS associated with a Swiss partner, TKS Teknosoft,
which it later acquired.
1981TCS set up India's first software research and development
center, the Tata Research Development and Design Center
(TRDDC) in Pune.
1985The first client-dedicated offshore development center was
set up for Compaq (then Tandem).
Early 1990sThe Indian IT outsourcing industry grew
tremendously due to the Y2K bug and the launch of a unified European currency, Euro. TCS pioneered the
factory model for Y2K conversion and developed software tools which automated the conversion process and
enabled third-party developers and clients to make use of it.
1999TCS saw outsourcing opportunity in E-Commerce and related solutions and set up its E-Business division
with ten people. By 2004, E-Business was contributing half a billion dollars (US) to TCS.
August 9, 2004TCS became a publicly listed company,
Mahindra Satyam.
Global units
Africa: South Africa, Morocco
Asia (outside India): Bahrain, Beijing,
Hong Kong, Hangzhou, Shanghai, Indonesia, Israel, Japan, Malaysia,
Philippines,
Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, UAE (Dubai)
Australia: Australia
Europe: Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands,
Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom
North America: Canada, Mexico, USA
South America: Argentina, Brazil, Chile, Colombia, Ecuador, Chile, Uruguay, Peru
Innovation
In 2007, TCS launched its Co-Innovation Network, a network of TCS
Innovation Labs, startup alliances, University Research Departments,
and venture capitalists.
In addition to TRDDC, TCS has 19 Innovation Labs based in three
countries.
processing, text, data and process analytics, multimedia
applications and graphics.
Wanem,
Scrutinet, SmartTest
In 2008, the TCS Innovation Lab-developed product, mKrishi, won the Wall Street Journal Technology Innovation
Award in the Wireless category.
mKrishi is a service that would enable India's farmers to receive useful data on
an inexpensive mobile device.
TCS' Co-Innovation Network partners include Collabnet, Cassatt, MetricStream, academic institutions such as
Stanford, MIT, various IITs, and venture capitalists like Sequoia and Kleiner Perkins.
List of acquisitions
The table below gives some details of TCS' key acquisitions
Number Acquisition
Date
Company
Business
Country
Value
8 October
2008
Citi Global
Services Limited
Business
Process
Outsourcing
India
November,
2006
TKS-Teknosoft
Banking
Product
Switzerland $80.4 mn
November,
2005
Comicrom
February,
2006
Tata Infotech
IT Services
India
$505 mn
Headcount
Remarks
Reference
12472
[39]
115
[40]
$23.7 mn
1257
[41]
[42]
October,
2005
FNS
$26 mn
190
October,
2005
Pearl Group
Insurance
United
Kingdom
$94.7 mn
950
[43]
November
2006
TCS Management
IT Services
Australia
$13.0 mn
35
[44]
May 2004
Phoenix Global
Solutions
BPO
India
$13 mn
350
Acquire expertise in
insurance
[45]
May 2005
Swedish Indian IT
Resources AB
(SITAR)
IT Services
Sweden
$4.8 mn
10
May 2004
Aviation Software
Development
Consultancy India
(ASDC)
IT Services
India
180
[46]
11
January
2004
Airline Financial
Support Services
India (AFS)
BPO
India
$5.1 mn
316
[47]
12
October
2001
CMC Limited
IT Services
India
US$33.89m
(51%)
3100
Access to domestic
capability; continues to be a
separately run company.
[48]
TCS BPO
TCS BPO is the second leading player in the outsourcing industry in India behind Genpact according to Dataquest
survey in August 2011.
TCS's BPO arm had revenues of $925 million in the year that ended in March, and 34,000
employees
Other than major Indian cities, TCS BPO is also present in Tier-II locations like Pune. TCS is also
expanding its BPO centre in Kolkata, where it already employs 2,000 people.
Tata Consultancy Services has
opened a business process outsourcing facility in the Philippines following the path of India-based BPO companies
which have operations in that country.
US Visa Program
TCS was the fifth largest visa recipient in 2008, preceded by Infosys, CTS, Wipro and Mahindra Satyam.
Employees
TCS is one of the largest private sector employers in India with a core strength of 238,583 individuals.[3] TCS has
turned into the second-largest employer among listed companies after Coal India Limited.[63] But the biggest
employer in the country is Indian Railways with 1.6 million employees.[64] TCS's BPO arm had revenues of $925
million in the year that ended in March 2011, and has 34,000 employees[65] TCS has one of the lowest attrition rates
in the Indian IT industry.[66] India's biggest IT company, plans to hire 60,000 freshers in FY-2012-13.[67]
TCS in Sports
Tata Consultancy Services is the first Indian company to have its logo featured on the scarlet Ferrari raced by the
legendary Michael Schumacher.[68] TCS is the technology partner of the Rajasthan Royals in Indian Premier League
for an initial duration of three years since 2009.[69] TCS provides Rajasthan Royals with technologies that would
help in analysis of player performance, simulation etc.The company also looks at usage of RFID tags for tracking the
players fitness levels and for security purposes in the stadiums.[70][71]
Recognition
TCS was recognized as Big Four IT Services brand by Brand Finance in 2012 and the company has been ranked as
the world's 7th greenest company in Newsweek's Green Rankings 2011. In addition, TCS is the highest ranked
Asia-based company and second highest ranked globally in the Information Technology & Services company
category.[72]
References
[1] http:/ / www. bseindia. com/ scripsearch/ scrips. aspx?myScrip=532540
[2] http:/ / www. nseindia. com/ marketinfo/ companyinfo/ companysearch. jsp?cons=TCS& section=7
[3] TCS FY 2012 results (http:/ / www. tcs. com/ SiteCollectionDocuments/ Investors/ Presentations/ TCS_PressRelease_IFRS_USD_Q4_12.
pdf)
[4] http:/ / www. tcs. com/
[5] "RIL one of the most valuable company in India" (http:/ / www. moneycontrol. com/ stocks/ marketinfo/ marketcap. php?optex=BSE).
CNBC-TV18. 14 October 2011. .
[6] Gartner Says Top Five Indian IT Services Providers Grew 23.8 Percent In 2011 (http:/ / www. gartner. com/ it/ page. jsp?id=2007116)
[7] "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry" (http:/ / www. icmrindia. org/ casestudies/ catalogue/ Business
Strategy2/ Tata Consultancy Services Limited The Pioneer in the Indian IT Industry. htm). Case Study. ICMR. 1 January 1990. .
[8] "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry" (http:/ / www. icmrindia. org/ casestudies/ catalogue/ Business
Strategy2/ Tata Consultancy Services Limited Indian IT Industry. htm). Case Study. ICMR. 1 January 1990. .
[9] Cognizant rising by Chennai beach (http:/ / www. thehindubusinessline. com/ features/ life/ article2874831. ece?homepage=true/ )
[10] "Indian software keeps Swiss securities safe" (http:/ / www. swissinfo. ch/ eng/ archive. html?siteSect=883& sid=957178& ty=st).
Swissinfo.com. 14 January 2002. .
[11] "TCS acquires TKS Teknosoft" (http:/ / www. financialexpress. com/ news/ tcs-acquires-swiss-firm-tksteknosoft/ 182435/ ). The Financial
Express. 11 January 2006. .
[12] Kanavi, Shivanand (720 June 2004). "Megasoft". Business India: 4654
External links
Official website (http://www.tcs.com/homepage/Pages/default.aspx)
License
Creative Commons Attribution-Share Alike 3.0 Unported
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