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 has over 453,540 of the world's best-trained consultants in 46 countries. It is a part of the Tata Group, India's largest industrial conglomerate. 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 January 2024 Tata Consultancy Services (TCS) revealed a 15-year extension of its collaboration with Aviva, the foremost Insurance, Wealth, and Retirement provider in the UK. The partnership aims to revolutionize Aviva's UK Life business and improve customer experience utilizing the TCS BaNCS platform. In the 2024 Global 500 IT Services Ranking by Brand Finance, Tata Consultancy Services has been positioned as the second most valuable IT services brand globally. TCS' brand worth has increased to US$ 19.2 billion from US$ 17.2 billion in 2023, reflecting a robust year-on-year growth of 11.5%. |
2023 |
In December 2023, Tata Consultancy Services (TCS) received two 2023 AWS Partner Awards: Global System Integrator (GSI) Partner of the Year – Global and GSI Partner of the Year – France, for playing a key role in helping customers drive innovation and build solutions. In November 2023, Tata Consultancy Services (TCS) received the top position in Service Delivery Quality and Commercial Competitiveness in a Whitelane Research Survey of 285 CXOs from top IT spending companies in Spain. Tata Consultancy Services (TCS) has expanded its long-standing partnership with Athora Netherlands, a Dutch life insurance and pension provider, to help the latter adopt a business and IT operating model that will enhance customer experience, operational resilience, and business agility. In May 2023, TCS announced an expanded partnership with Google Cloud and the launch of its new offering, TCS Generative AI which leverages Google Cloud’s generative AI services, to design and deploy custom-tailored business solutions that help clients harness the power of this exciting new technology to accelerate their growth and transformation. In May 2023, TCS bags an advance purchase order (APO) valued at over Rs. 15,000 crore (US$ 1.81 billion) from public sector telecom operator Bharat Sanchar Nigam Limited (BSNL). In March 2023, Tata Consultancy Services (TCS) announced the launch of its 5G-enabled solution, TCS Cognitive Plant Operations Adviser for the Microsoft Azure Private Mobile Edge Computing (PMEC) platform. In February 2023, Phoenix Group Expands Strategic Partnership with TCS to Transform Customer Experience. In February 2023, TCS bags a deal to digitally transform the German telecom Telefonica’s specific operations business. This partnership would entail building service assurance applications and processes within the Operations Support Systems (OSS) landscape of the German telecom company. |
2022 |
In August 2022, TCS announced plans of launching an advanced research and innovation hub in Hyderabad, for incubating digital solutions for Consumer Packaged Goods (CPG) companies, using SAP® solutions. Five Star Bank partnered with TCS to drive digital transformation and enhance customer experience on August 11, 2022. In July 2022, TCS launched TCS Pace Port TM Toronto, its fifth global research and co-innovation centre, to help Canadian companies bring digital innovations to life faster. In March 2022, TCS announced the signing of a collaboration agreement with Singapore's Institute of Technical Education (ITE) to provide work experience and training opportunities for ITE personnel and students. In March 2022, TCS announced the introduction of its Enterprise 5G Edge portfolio of products, which includes Microsoft Azure private mobile edge computing (private MEC). In February 2022, TCS announced its Cyber Defence Suite, a platform that provides executives with the confidence and agility they need to expand their digital businesses. |
2021 |
In September 2021, TCS collaborated with NICE Actimize to provide integrated financial crime compliance solutions to its clients. In September 2021, TCS inked 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, TCS expanded its strategic partnership with Virgin Atlantic, one of the UK’s leading airlines, to help the latter embark on a new phase of recovery and growth. The enhanced partnership builds on a 17-year relationship between the two organisations and will see TCS take exclusive responsibility for end-to-end operational management and digital transformation. In May 2021, the company partnered with LACChain, an initiative led by IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, to drive development of a blockchain ecosystem across Latin America and the Caribbean. In May 2021, the company announced that it is working with VIAVI Solutions, a global provider of network test, measurement, and assurance solutions, to launch new test solutions that address the industry’s need for comprehensive testing of next-generation disaggregated 5G Radio Access Network (RAN) products. In May 2021, it launched a cloud-based ‘Intelligent Subscription’ solution, by leveraging SAP Business Technology Platform, to help the media and publishing industry transform customer experience and shift to subscription-based order-to-cash processes for physical and digital content. In March 2021, the company expanded its strategic partnership with VodafoneZiggo B.V. Netherlands to help the latter speed up its fixed fibre network roll out, enabling superior connectivity for subscribers and faster launch of new services. In March 2021, TCS won the 2021 CIO 100 Award for its Intelligent Urban Exchange (IUX) for Workplace Resilience software. In March 2021, the company launched the ‘TCS Connected Consumer Home’ solution, which is based on the RDK platform, to enable media and communication service providers (CSPs) to offer intuitive and exciting connected consumer experiences. In February 2021, it announced further expansion of its long-standing relationship with Amazon Web Services (AWS) with the launch of TCS AWS Business Unit (BU)—a dedicated group within TCS that will bring together scale, technology expertise and industry knowledge of the two companies to help enterprise customers accelerate their innovation and drive superior business outcomes using AWS. |
2020 |
In December 2020, TCS launched the IoT-powered Clever Energy Solution to help enterprises accelerate the shift towards net zero emission In November 2020, TCS agreed to take over some assets as well as employees of US-based Prudential Financial’s technology services unit for a nominal sum In September 2020, TCS recognized as a leader in cloud-native application development services by Everest Group TCS partnered with Phoenix Group to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance Limited business. 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 an innovation hub to develop next-gen AI solutions with 5G 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 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 |