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Tata Consultancy Services Limited
Sector:IT IT - Software - Large
Market Lot: 1Face Value: 1ISIN Demat: INE467B01029
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Business Profile
Tata Consultancy Services (TCS), a part of the Tata group, provides information technology and management consultation services to organizations in more than 53 countries. The company offers e-business, application development and maintenance, architecture and technology consulting, engineering, security, infrastructure development and management and quality consulting services.

In addition, TCS offers software packages for electronic banking, insurance billing, customer relationship management, and hospital management. It caters to finance and banking, insurance, telecommunication, transportation, retail, manufacturing, pharmaceutical, energy and utility industries. The company generates around 19% of its revenues from the manufacturing industry, and 6% of its revenues from its engineering and industrial services (EIS) business.

The company was founded in the year 1968 and is based in Mumbai. It has over 89,000 trained IT consultants in 47 countries. The company generated consolidated revenues of USD 4.3 billion for the fiscal year ended March 2007. TCS went public in 2004, raising USD 1.17 billion in one of the largest initial public offerings.

The company announced fall of 0.00% in consolidated net profit on y-o-y basis to Rs 65.45 billion, while total income dropped 0.00% y-o-y basis to Rs 317.74 billion for the quarter ended December 2017.

Recent Developments
Tata Consultancy Services (TCS), a leading global lT services, consulting and business solutions organization, announced that it has been accredited as the fastest growing brand in the lT Services sector over the past decade.

Tata Consultancy Services (TCS), a leading global lT services, consulting and business solutions organization, announced that the Central Bank of Kuwait (CBK) is now operational on TCS BaNCS

Tata Consultancy Services (TCS), a leading global lT services, consulting, and business solutions organization, announced that Emirates NBD, the Middle East's leading financial services group, has chosen TCS BaNCS for Payments as its core processing platform to standardize and streamline payments operations across multiple geographies, including lndia, Egypt, Saudi

Tata Consultancy Services announced the launch of TCS Pace???, a new brand identity for its research, innovation and digital transformation services that are at the core of customers' Business 4.01??? journeys. With the new brand, TCS strengthens its positioning as an innovation partner to forward-thinking enterprises across the world.

Tata Consultancy Services, (TCS), a leading global IT services, consulting and business solutions organization, has acquired the business of BridgePoint Group, LLC, a U.S. management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets.

Tata Consultancy Services (TCS) announced that it is partnering with SAP to build the Intelligent Rail Digital Maintenance (iRDM) solution, powered by SAP Leonardo, to help rail customers digitally transform their businesses.

Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, has announced a new partnership with ENGlE Laborelec, a leading utilities research center,

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, today announced that it has acquired W12 Studios, an award-winning digital design studio based in London.

Future Plans
Diligenta, a subsidiary of TCS, has announced that it has entered the UK BPO life assurance market having secured a USD 486 million deal with Pearl, the Peterborough based closed fund group. Diligenta will provide BPO services over an initial 12-year period for Pearl group in processing and administration.

TCS has been recommended enterprise-wide for ISO 9001:2000, BS 7799-2:2002 and BS 15000-1:2002 certifications. This is the largest, enterprise-wide multiple certification of an IT solutions organization to date. It is the company`s second enterprise-wide achievement after it became the first company to be assessed enterprise-wide, for CMMI and PCMM at Level 5 in 2004.

TCS has planned a CAPEX of Rs 10,000 million for the current financial year. It employs more than 60,000 people and will be adding more than 30,000 this year. This will amount to net addition of around 25,000 employees. The company plans to increase its headcount in Hyderabad to 10,000 by 2010 from over 4,200 now.

TCS is planning to open an outsourcing center in Poland and thereby mark its presence in 34 countries across the world.

Tata Consultancy Services is negotiating about 5 to 10 IT services deals of USD 50 to USD 100 million each across various verticals.

In Brief

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