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Tata Consultancy Services (TCS)

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Tata Consultancy Services (TCS)

  • India’s largest IT outsourcing company
  • Global leader in IT services, digital, and business solutions
  • Net income of Rs. 90,080 million (US$ 1.22 billion) in the first quarter of FY22.
  • Revenue stood at Rs. 454,110 million (US$ 6.17 billion) in the first quarter of FY22.

Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organisation that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led integrated portfolio of IT, BPO, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model (GNDM) recognized as the benchmark of excellence in software development.

TCS— a part of the Tata Group, India's largest industrial conglomerate—has over 488,649 associates (including subsidiaries), representing 154 nationalities, across 46 countries. The company is India's first listed IT company to reach the US$ 100 billion market capitalisation mark.

Company Website: http://www.tcs.com

Tata Consultancy Services (TCS) – Experience certainty

2021

In September 2021, TCS collaborated with NICE Actimize to provide integrated financial crime compliance solutions to clients.

In September 2021, TCS entered into a 10-year agreement with Transport for London (TfL) to digitally transform private hire vehicles and taxi licensing administration.

In September 2021, TCS collaborated with Avianca to accelerate the airline’s cloud transformation journey.

In August 2021, the company launched new Google Cloud Garages for its enterprise clientele.

In July 2021, it launched Jile 5.0, a SaaS-based enterprise agile tool, with improved portfolio capabilities.

In June 2021, Tata Consultancy Services (TCS) extended its 17-year partnership with the UK’s Virgin Atlantic to help the latter embark on a new phase of ‘recovery and growth’. TCS will take exclusive responsibility of the airline’s end-to-end operational management and digital transformation.

In June 2021, Tata Consultancy Services (TCS) has been positioned as a global leader in the Zinnov Zones for Engineering R&D Services for the eighth consecutive year.

In May 2021, TCS partnered with LACChain, an initiative led by IDB Lab—the innovation laboratory of the Inter-American Development Bank Group—to boost adoption of a blockchain ecosystem across Latin America and the Caribbean region.

In May 2021, TCS launched TCS Pace Port, a co-innovation and advanced research centre in Amsterdam, Netherlands.

In February 2021, TCS announced further strengthening of its alliance with Amazon Web Services (AWS), with introduction of the new TCS AWS Business Unit (BU), a dedicated division within TCS that brings together the size, technology experience and market awareness of two companies to help enterprise customers enhance their innovation and achieve superior business results using AWS.
2020 In December 2020, TCS was ranked number one for customer satisfaction in Germany in the Whitelane Research 2020 IT Sourcing Study, Europe’s largest independent survey of IT service providers.
In December 2020, TCS expanded its business operations in Austin, Texas, with the construction of a new facility. By 2022, TCS plans to hire an additional 130 employees in Austin. Over the next seven years, TCS plans to invest more than US$ 100 million in Austin.
On September 21, 2020, Tata Consultancy Services won two Gold and one Sliver award for Talent Management and Excellence in Learning at the 2020 Brandon Hall Group Awards.
TCS iON partnered with National Skill Development Corporation (NSDC) to provide vocational skills training in online mode for millions of students across the country
In May 2020, TCS iON launched platform for students to find virtual internships
TCS won US$ 1.5 billion deal across a 10-year period from US pharma retailer Walgreens Boots Alliance (WBA)
2019 Introduced its Artificial Intelligence (AI)-driven Command Centre in Chennai
2019 TCS collaborated with Qualcomm to launch new innovation hub to develop next-gen AI solutions with 5G
2019 At annual conclave of Automotive Skill Development Council (ASDC) 2019, TCS iON launched the skill hub “digital platform providing standardizing, industry-relevant and digital content”
General Motors (GM) and Tata Consultancy Service (TCS) joined hand for future vehicle engineering across global markets
Launched new Robotic Process Automation (RPA) solutions
2018 Ranked among the top three most valuable brands in the global IT services sector
Became the first Indian IT company to cross US$ 100 billion in market capitalisation
2017 Unveiled the Business 4.0 thought leadership framework to help customers leverage digital technologies
2015 Cloud Platforms (iON assessments, financial inclusion, HR, financial accounting, TAP™, procurement, and analytics) crossed the US$ 100 million revenue mark.
2012 Surpassed US$ 10 billion in revenue
2004 Debuted at the National Stock Exchange (NSE) and Bombay Stock Exchange with an initial public offering (IPO)
2003 Surpassed US$ 1 billion in annual revenues
2002 Began operations in China with an office in Shanghai
2000 Unveiled a new US$ 2 million global e-business development facility at Mumbai
1996 Set the record for the fastest implementation of a depository system anywhere in the word
1989 Signed a US$ 10 million deal with the Swiss Securities Clearing Corporation (SEGA)
1988 Forayed into the packaged software market in India with the Masterkey suite
1984 Launched the Falcon (Fast Access Local Computer Network) creating the first fault-tolerant, multi-user, multitasking Windows-type capability
1979 Set up of first sales office in New York
1976 Crossed US$ 1 million mark in export revenues, winning the top exporter award from the Engineering Export Promotion Council in 1976-77
1971 Won its first overseas assignment from a middle-eastern power generation and distribution company
1968 Launched as a division of Tata Sons

 

IT & BPM
India’s IT industry contributed around 7.7% to the country’s GDP and is expected to contribute 10% to India’s GDP by 2025.