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 613,974 associates (including subsidiaries), representing 153 nationalities, across 46 countries. The company is India's first listed IT company to reach the US$ 100 billion market capitalisation mark.
Tata Consultancy Services (TCS) – Experience certainty
Year | Milestone |
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2024 |
In March 2024, Tata Consultancy Services (TCS), announced on a multimillion-dollar strategic partnership to conduct a complete IT transformation for Denmark-based Ramboll, a global architecture, engineering, and consultancy firm. In February 2024, TCS expanded its partnership with The Co-operative Group Limited (Co-op), one of the world’s largest consumer co-operatives, to adopt a cloud first strategy that will support the group’s business growth. In January 2024, TCS announced a 15-year expansion of its partnership with Aviva, the UK’s leading Insurance, Wealth, and Retirement provider, to transform Aviva’s UK Life business and enhance customer experience leveraging the TCS BaNCST based platform. In January 2024, TCS has been rated as the second most valuable IT services brand in the world in the 2024 Global 500 IT Services Ranking by Brand Finance. |
2023 |
In November 2023, as signed an agreement with Australia’s primary securities exchange, ASX, to provide a next generation clearing and settlement platform to service the Australian market. In November 2023, Tata Consultancy Services (TCS) launched its AWS generative AI practice, to help customers harness the full potential of AI and AWS generative AI services to transform different parts of their value chain and achieve superior business outcomes. In October 2023, Tata Consultancy Services (TCS) was rated number one in the 2023 Engineering Service Provider of the Year awards by Everest Group. In August 2023, TCS won three 2023 Google Cloud Partner of the Year Awards: Global Talent Development Partner of the Year, Industry Solution Services Partner of the Year – Financial Services, & Insurance, and Industry Solution Services Partner of the Year – Retail & Consumer Packaged Goods. In August 2023, TCS was positioned as a leader in the Gartner Magic Quadrant for Data Centre Outsourcing (DCO) and Hybrid Infrastructure Managed Services, worldwide. In August 2023, TCS was selected as a strategic partner by the Government of India to transform the Government e-Marketplace (GeM) into a state-of-the-art public procurement platform with enhanced transparency, efficiency, and inclusivity. In June 2023, TCS won the 2023 Microsoft Partner of the Year Award in the category MVP Industry Solutions Global Systems Integrator (GSI). Ikano Bank Selects TCS BaNCS to Build a Bank for the Future. In March 2023, TCS become top employer in UAE and Saudi Arabia, with 42% local hires being women. |
2022 |
In November 2022, at the Intellectual Property Business Congress Asia 2022 in Tokyo, Tata Consultancy Services (TCS) was honoured with the Intellectual Asset Management (IAM) Asia IP Elite award 2022. Tata Consultancy Services, which controls over 40% of the capital markets infrastructure solutions, has won a contract from the Singapore Stock Exchange to run trading and settlement platforms for the upcoming SGX Nifty Exchange at international financial services centre in Gandhinagar. Tata Consultancy Services (TCS) has won a multi-year deal from Western Power, an Australian state government-owned energy company, to help digitally transform its software systems to deliver a cleaner and more resilient energy supply. |
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 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 Rs. 54,450 crore (US$ 10 billion) in revenue |
2004 |
Debuted at the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) 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 Rs. 8.8 crore (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 Falcon (Fast Access Local Computer Network), creating the first fault-tolerant, multi-user, multitasking Windows-type capability |
1979 |
Set up first sales office in New York |
1976 |
Crossed US$ 1 million mark in export revenues, won 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 |