Tata Consultancy Services

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company with its headquarters in Mumbai.[6][7] It is a part of the Tata Group and operates in 150 locations across 46 countries.[8] In July 2022, it was reported that TCS had over 600,000 employees worldwide.[9]

Tata Consultancy Services
TypePublic
ISININE467B01029
IndustryInformation technology
Consulting
Outsourcing
Founded1968 (1968)
FounderJ. R. D. Tata
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Natarajan Chandrasekaran
(Chairman)
Rajesh Gopinathan
(MD & CEO)
Revenue ₹195,772 crore (US$25 billion)[1] (2022)
₹51,687 crore (US$6.5 billion)[1] (2022)
₹38,449 crore (US$4.8 billion)[1] (2022)
Total assets ₹141,514 crore (US$18 billion)[2] (2022)
Total equity ₹89,139 crore (US$11 billion)[2] (2022)
Number of employees
606,331[3] (June 2022)
ParentTata Group
Subsidiaries
  • TRDDC
Websitewww.tcs.com
Footnotes / references
[4][5]

TCS is the second largest Indian company by market capitalisation and is among the most valuable IT service brands worldwide.[10][11][12] In 2015, TCS was ranked 64th overall in the Forbes "World's Most Innovative Companies" ranking, making it one of the highest-ranked IT services companies and a top Indian company.[13] As of 2018, it is ranked eleventh on the Fortune India 500 list.[14] In 2021, TCS recorded a market capitalisation of US$200 billion, making it the first Indian IT firm to do so.[15]

In 2016–2017, parent company Tata Sons owned 72.05% of TCS[16] and more than 70% of Tata Sons' dividends were generated by TCS.[17]

History

1968–2005

Tata Consultancy Services Limited, initially started as Tata Computer Systems, was founded in 1968 by a division of Tata Sons Limited.[18] Its early contracts included punched card services to sister company TISCO (now Tata Steel), working on an Inter-Branch Reconciliation System for the Central Bank of India,[19] and providing bureau services to Unit Trust of India.

In 1975, TCS delivered an electronic depository and trading system called SECOM for a Swiss company SIS SegaInterSettle; it also developed System X for the Canadian Depository System and automated the Johannesburg Stock Exchange.[20] TCS associated with a Swiss partner, TKS Teknosoft, which it later acquired.[21]

In 1980, TCS established India's first dedicated software research and development centre, the Tata Research Development and Design Centre (TRDDC) in Pune.[22] In 1981, it established India's first client-dedicated offshore development centre, set up for clients Tandem. In 1993 TCS partnered with Canada-based software factory Integrity Software Corp, which TCS later acquired.

In anticipation of the Y2K bug and the launch of a unified European currency (Euro), Tata Consultancy Services created the factory model for Y2K conversion and developed software tools which automated the conversion process and enabled third-party developer and client implementation.[23] Towards the end of 1999, TCS decided to offer Decision Support System (DSS) in the domestic market under its Corporate Vice President and Transformation Head Subbu Iyer.[24] The company also registered its first tagline “Beyond the Obvious” in 1999.[25][26]

2005 to 2021

On 25 August 2004, TCS became a publicly listed company.[27][28]

In 2005, TCS became the first India based IT services company to enter the bioinformatics market, [29] and in the same year TCS changed the tagline from “Beyond the Obvious” to "Experience Certainty".[30] In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation.[31] By 2008, its e-business activities were generating over US$500 million in annual revenues.[32][33]

TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings.[34] On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India-based company.[35] In the 2011–12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time.[36]

In May 2013, TCS was awarded a six-year contract worth over ₹11 billion (US$140 million) to provide services to the Indian Department of Posts.[37] In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies[38] and in July 2014, it became the first Indian company with over ₹5 trillion (equivalent to ₹6.8 trillion or US$85 billion in 2020) market capitalisation.[39][40]

In Jan 2015, TCS ends RIL's 23-year run as India's most profitable firm.[41]

In Jan 2017, the company announced a partnership with Aurus, Inc., a payments technology company, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform.[42] In the same year, TCS China was associated as a joint venture with the Chinese government.[43]

In March 2018, Tata Sons sold stocks of TCS worth $1.25 billion in a bulk deal.[44]

TCS received the 2019 American Business Awards from Four Stevies.[45]

On 8 October 2020, TCS surpassed Accenture in market capitalisation to become the world's most-valuable IT company with a market cap of $144.73 billion.[46] On 25 January 2021, TCS again surpassed Accenture briefly, in market capitalisation to become the world's most-valuable IT company with a market cap of $170 billion.[47] The same day, TCS became India's most valuable company, surpassing Reliance Industries with a market cap of ₹12.55 trillion (US$160 billion).[48] In 2021 Tata is also one of the largest job provider in India hiring 43,000 individuals in H1 FY22.[49] In October 2021, N Ganapathy Subramaniam, the COO of TCS, stated that its platforms and products business is worth approximately $3 billion.[50] The company's platforms and products business includes TCS' SaaS-based platforms, and according to Subramaniam, between October 2020 and October 2021, 95% of the deals won by TCS have been for its cloud platforms and SaaS platforms.[50] Also, in 2021 TCS got a millennial makeover. Under the leadership of Rajashree R, TCS Chief Marketing Officer (CMO), the company changed the tagline from "Experience Certainty" to "Building on Belief".[51]

In May 2021, alongside consortium partner Neurotechnology, TCS was selected by the Unique Identification Authority of India (UIDAI) to provide biometric technology for the Aadhaar digital ID program.[52] The Aadhaar program has been described by the World Bank Chief Economist Paul Romer as the "most sophisticated ID programme in the world"[53] owing to the existing database of over 1.3 billion citizens.[52]

Acquisitions
Name Acquisition date Activities Country of HQ Price Employees
(at acquisition)		 Description Sources
CMC Limited October 2001 IT Services India $33.9m 3,102 Gets embedded expertise & good domestic customer reach. CMC Amalgamated with TCS on 28 April 2015. [54][55][56]
Airline Financial Support Services India (AFSI) January 2004 BPO India $5.1m 400 BPO expertise in Airline and Hospitality sector. [57][58]
Aviation Software Development Consultancy India (ASDC) March 2004 IT Services India $3.1m 180
Phoenix Global Solutions May 2004 Business Process Outsourcing India $130m 400 Acquire expertise in insurance-domain consulting. [59][60]
Swedish Indian IT Resources AB (SITAR) May 2005 IT Services Sweden $4.8m n/a Acquire blue-chip European customers like Ericsson, IKEA, Vattenfall, and Hutchison; SITAR was TCS’ exclusive partner in Sweden and a non-exclusive partner in Norway. [61][62]
Pearl Group October 2005 Insurance United Kingdom $94.7m 950 Acquired life and pension outsourcing business from Pearl Group; domain knowledge of life and pension underwriting business. [63][64]
Financial Network Services (FNS) October 2005 Core Banking Product Australia $26m 190 TCS acquired core banking solution product (BANCS) and access to 116 customers in 35 countries; FNS was an existing partner for TCS. [65][66]
Comicrom November 2005 Banking BPO Chile $23m 1,257 Entry into Latin America; access to payment processing platform. [67][68]
Tata Infotech February 2006 IT Services India $259.2m 3,600 The merger of Tata Infotech added 15 new Fortune 500 clients. [69][70][71]
TCS Management November 2006 IT Services Australia $13m 35 Access to Australian clients. [72][73]
TKS-Teknosoft November 2006 Banking Product Chile $80.4m 115 Expand product portfolio by acquiring rights to Quartz and ownership of Alpha and e-portfolio, enhanced presence in Switzerland and France. [74]
Citigroup Global Services Limited December 2008 Captive BPO of Citigroup Inc. India $512m 12,472 TCS acquired key Banking and Financial Services (BFS) domain knowledge. [75][76]
Supervalu Services India September 2010 Captive IT/BPO unit of Supervalu Inc. in India India $100m 600 TCS had a deal with Supervalu to have their software outsourcing to TCS and acquired Supervalu India. [77]
Computational Research Laboratories August 2012 High Performance Computing India $34m 80 Acquire expertise in High Performance Computing (HPC) applications and Cloud services. [78][79]
Alti SA April 2013 IT Services France $97.5m 1200 Access to blue-chip French and European clients in banking, luxury, manufacturing, and utility sectors. [80]
BridgePoint Group November 2018 Management consulting United States Acquire expertise in US retirement services. [81][82][83]
Postbank Systems November 2020 IT Services Germany Acquire expertise in the Banking and Financial Services (BFS) domain. Deutsche Bank restructures itself and sold its IT-subsidiary to TCS, which has been their partner in IT services already. [84]
Pramerica Systems Ireland December 2020 IT Services Ireland 1500 Prudential Financial sold its Irish subsidiary to TCS. Acquires expertise in the Banking and Financial Services (BFS) domain and established Global delivery center in Ireland. [85]

Operations

As of March 2021, TCS had a total of 50 subsidiary companies and operated in 46 countries.[86]

Locations

TCS has operations in the following locations:

India:

Ahmedabad, Bengaluru, Baroda, Bhubaneswar, Chennai, Coimbatore, Delhi, Gandhinagar, Goa, Gurugram, Guwahati, Hyderabad, Bhopal, Indore, Jamshedpur, Kalyan, Thane, Kochi, Kolkata, Lucknow, New Delhi, Mumbai, Nagpur, Noida, Nashik, Patna,[87][88] Pune, Thiruvananthapuram, and Varanasi.

Asia (excluding India):

Bahrain, China, Israel, UAE, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, and Qatar.[89][90][91]

Oceania:

Australia

Africa:

South Africa, Morocco (closed)[92][93]

Europe:

Belgium, Bulgaria, Denmark, Finland, France, Germany, Hungary, Iceland, Republic of Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

North America:

Canada, Mexico, and the United States.

South America:

Argentina, Brazil, Chile, Colombia, Ecuador, Peru, and Uruguay.[94]

  • Tata Consultancy Services Synergy park campus in Hyderabad, India
  • Tata Consultancy Services building in SIPCOT, Siruseri, India
  • Tata Consultancy Services building at InfoPark, Kochi, India
  • Tata Consultancy Services Deccan Park campus in Hyderabad, India
  • Tata Consultancy Services building at Sakchi, Jamshedpur , India
  • Tata Consultancy Services Kalinga Park Building at InfoCity, Bhubaneswar, India

TCS BPS

TCS BPS (Business Process Services) is the third-largest India-based IT outsourcing company (after Capgemini).[95] The BPS division had revenues of US$1.44 billion in FY 2012–13, which was 12.5% of the total revenue of TCS.[96][97] TCS BPS has more than 45,000 employees who serve over 225 million customers across 11 countries. The rate of attrition in the BPS division during the financial year 2012–13 was 19.5%.[98] The firm has also opened a business process outsourcing facility in the Philippines.[99]

Life Sciences and Healthcare

In 2006, TCS won a $35 million contract from American biopharma giant Eli Lilly for providing clinical research-data management, biostatistics, and medical writing services.[100][101][102]

In 2007, it won a major multi-year deal from Swiss biopharma giant Roche to provide clinical data management, biostatistics, clinical programming, pharmacovigilance, and RWE support to Roche's global drug development efforts.[103][104][105]

Tata Research Development and Design Centre

TCS established India's first software research centre, the Tata Research Development and Design Centre, in Pune, in 1981. TRDDC undertakes research in software engineering, process engineering, bioinformatics, and systems research. Researchers at TRDDC also developed MasterCraft (now a suite of digitisation and optimisation tools),[106] a Model-driven Development software that can automatically create codes based on a model of a software, and rewrite the codes based on the users' needs.[107] The research at TRDDC has also resulted in the development of Sujal, a low-cost water purifier, that can be manufactured using locally available resources. TCS deployed thousands of these filters in the Indian Ocean tsunami disaster of 2004 as part of its relief activities.[108] This product has been marketed in India as Tata Swach, a low-cost water purifier.[109]

Innovation labs

In 2007, TCS launched its co-innovation network, a network of innovation labs, start-up alliances, university research departments, and venture capitalists.[110][111] In addition, TCS has 19 innovation labs based in three countries.[112] TCS' partners include Collabnet and Cassatt, and academic institutions such as IITs, Stanford, MIT, and Carnegie Mellon, and venture capitalists like Sequoia and Kleiner Perkins.[113]

Employees

TCS is one of the largest private-sector employers in India,[114] and the fourth-largest employer among listed Indian companies (after Indian Railways, Indian Army, and India Post).[115] TCS has crossed more than 600,000 employees as of 8 July 2022.[116][117][118][119][120] The number of non-Indian nationals was 21,282 as of 31 March 2013 (7.7%).[116][121] The employee costs for the FY 2012–13 were US$4.38 billion, which was approx. 38% of the total revenue of the company for that period.[122] In the fiscal year 2012–13, TCS recruited a total of 69,728 new staff, of whom 59,276 were based in India and 10,452 were based in the rest of the world.[116] In the same period, the rate of attrition was 10.6%.[116] The average age of a TCS employee is 28 years.[116] The employee utilisation rate, excluding trainees, for the FY 2012–13 was 82%.[116] TCS was the fifth-largest United States visa recipient in 2008 (after Infosys, CTS, Wipro, and Mahindra Satyam).[123][124][125] In 2012, the Tata Group companies, including TCS, were the second-largest recipient of H-1B visas.[126][127] As of Jan 2020, TCS has over 4,00,000+ employees. It is the world's third-largest IT employer behind IBM and HP.

Subramaniam Ramadorai, the former CEO of TCS, has authored an autobiographical book about his experiences in the company called The TCS Story...and Beyond.[128]

Former CEOs of TCS
  • F. C. Kohli, co-founder and first CEO and MD of TCS from 1968 to 1996, known as "Father of Indian IT Industry"
  • Subramaniam Ramadorai, CEO and MD of TCS from 1996 to 2009, and Vice - Chairman till 6 October 2014
  • Natarajan Chandrasekaran, COO, Executive Director, and CEO of TCS from 2009 to 2017

Sponsorships

TCS is the title sponsor for Toronto Waterfront Marathon, London Marathon, Amsterdam Marathon, Mumbai Marathon, and New York City Marathon[129] and one of the sponsors of City2Surf, Australian Running Festival, Berlin Marathon, Chicago Marathon, and Boston Marathon.[130] In India, it is the title sponsor of World 10K held in Bangalore every year.[131] TCS is a sponsor of the Indian Premier League team Rajasthan Royals since 2009.[132] Besides, TCS provides Rajasthan Royals with technology to help in the analysis of player performance, simulation, and use of RFID tags for tracking the players’ fitness levels and for security purposes in the stadiums.[133][134] TCS sponsors an annual IT quiz for high school students called TCS IT Wiz.[135] The TCS IT Wiz is the largest quiz in India, attracting students who are studying between class 8 and class 12. This quiz is hosted by Giri Balasubramanium.

TCS also currently sponsors Jaguar Racing in Formula E and Nakajima Racing in Super Formula.

Controversies

On 14 February 2006, US law firm Lieff Cabraser filed a nationwide class action lawsuit against Tata.[136] In July 2013, judge Claudia Wilken of the US District Court, Northern District of California in Oakland, California, granted final approval to the settlement of the lawsuit on behalf of all non-US citizens employed by TCS within the state of California from 14 February 2002 to 30 June 2005. The workers claimed that they were forced to sign over their federal and state tax refunds to their employer, as well as stating their Indian salaries were wrongfully deducted from their US pay.[137]

On 22 February 2013, the company agreed to settle for a sum of ₹1.62 billion (equivalent to ₹2.3 billion or US$29 million in 2020), this class-action suit filed in a United States court on payment to employees on deputation.[116]

A US grand jury has slapped two companies of India's Tata Group – Tata Consultancy Services and Tata America International Corp – with a US$940 million fine in a trade secret lawsuit filed against them. Epic Systems had accused TCS and Tata America International Corp, in a lawsuit filed in October 2014 in US District Court in Madison, which was amended in January and December 2015, of "brazenly stealing the trade secrets, confidential information, documents and data" belonging to Epic.[138] This Epic Systems lawsuit against TCS was closed and settled with an undisclosed out-of-court agreement that was completed in January 2018.

A federal class-action lawsuit accusing Tata Consultancy Services Ltd. of bias against US-born workers was heard by the court during a jury trial in November 2018. The US federal court Case in Northern District of California (Buchanan v. Tata Consultancy Servs., Ltd., 4:15-cv-01696) is one of seven asserting that several large offshore and national IT staffing companies with operations in the US prefer foreign workers from South Asia over qualified Americans. All the companies being sued are heavy users of H-1B guestworker visas, which go to skilled professionals in "specialty occupations". The US Federal District Court Case 15-cv-01696-YGR consolidated these lawsuits against TCS and several other IT staffing companies into a class action trial and was allowed by the Federal District Court to proceed (but not yet certified) with a November 2018 jury trial.

In May 2013, the Canadian Broadcasting Corporation (CBC), in its extensive coverage of the hiring of temporary foreign workers in Canada and the unemployment issues faced by Canadians, reported that TCS rarely hires skilled experienced Canadians at the Toronto offices while advertising open positions in Canada. TCS responded that the company hired more than 125 Canadian workers in 2013 who make less than 1.2% of the 10,452 workers the company has outside of India.[116][139]

In April 2015, a class-action lawsuit against TCS was filed in a San Francisco federal court by a US information technology worker and ex-employee, who accused the company of discriminating against American workers by favouring South Asians in hiring and promotion. The lawsuit claimed that South Asians comprise 95% of the company's 14,000-person US workforce and that TCS engaged in discriminatory practices by sourcing most of its workforce through the H-1B visa programme, by focusing its US-based hiring disproportionately on South Asians, and by favouring South Asian employees in its human resources practices. In response, TCS refuted the plaintiff's claims, assuring that it is an equal opportunity employer and bases its employment practices on non-discriminatory reasons. A spokesperson said that in 2014 alone the company had recruited over 2,600 US hires.[140]

That same month, electric utility Southern California Edison (SCE) laid off about 400 IT employees, with an additional 100 IT workers leaving voluntarily.[141] Meanwhile, the utility company hired immigrants from TCS and competing company Infosys.[142][143] In October 2015, the United States Department of Labor concluded Infosys did not abuse the H1-B programme in the dealings with SCE, while TCS's case remained open.[144]

See also
  • List of IT consulting firms
  • List of public listed software companies of India
  • Software industry in Telangana
  • Information technology in India
  • List of Indian IT companies

References
  1. "Tata Consultancy Services Consolidated Profit & Loss account, Tata Consultancy Services Financial Statement & Accounts". www.moneycontrol.com. Retrieved 11 April 2022.
  2. "Tata Consultancy Services Consolidated Balance Sheet, Tata Consultancy Services Financial Statement & Accounts". www.moneycontrol.com. Retrieved 14 July 2020.
  3. TCS. "TCS hires 43,000 freshers in H1 FY22, plans to add 35,000 in H2". The Economic Times. Retrieved 21 January 2022.
  4. "Press Release - USD" (PDF). Tata Consultancy Services. 12 April 2019. Retrieved 13 April 2019.
  5. Chandrashekhar, Anandi (22 May 2020). "TCS management takes home smaller pay packets due to COVID-19 impact". The Economic Times.
  6. "Tata Consultancy Services". Forbes. 29 August 2013. Retrieved 3 September 2013.
  7. "Tata Consultancy Services Ltd (TCS.NS)". Reuters. Retrieved 3 September 2013.
  8. "TCS Investor FAQs". TCS. June 2014. Retrieved 30 November 2017.
  9. "TCS employees get salary hikes, workforce strength crosses 6 lakh milestone". 8 July 2022.
  10. "TCS market value crosses Rs 7 lakh crore – stock at all-time-high". Times of India. 2 September 2013.
  11. "TCS market cap crosses Rs. 4 lakh crore". 2 September 2013. Retrieved 3 September 2013.
  12. "TCS brandvalue exceeds 5 billion".
  13. "Tata Consultancy Services on the Forbes Asia's Fab 50 Companies List". Forbes.
  14. "Tata Consultancy Services - Fortune 500 List 2018 - Fortune India". www.fortuneindia.com. Retrieved 5 September 2019.
  15. Krishnan, Raghu (15 September 2021). "TCS first Indian tech company to cross $200 billion market cap". The Economic Times.{{cite news}}: CS1 maint: url-status (link)
  16. "Ishaat Hussain to Replace Cyrus Mistry as Chairman of Tata Consultancy Services". News18.com. 10 November 2016. Archived from the original on 29 November 2018. Retrieved 8 October 2018.
  17. "TCS has also accounted for at least 70% of Tata Sons dividends in the past three years, which would have worked in Chandrasekaran's favour". 13 January 2017. Retrieved 8 October 2018.
  18. "Corporate Facts". TCS. Retrieved 3 September 2013.
  19. "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry". Case Study. ICMR. 1 January 1990. Retrieved 8 September 2013.
  20. "Indian software keeps Swiss securities safe". Swissinfo.com. 14 January 2002.
  21. "TCS acquires TKS Teknosoft". The Financial Express. 11 January 2006.
  22. Kanavi, Shivanand (20 June 2004). "Megasoft". Business India: 46–54.
  23. "IT Man of the Year: Standing Tall". Cover Story. Dataquest India. 22 December 2004. Archived from the original on 28 January 2008.
  24. "Financial Express: Tata Consultancy likely to offer decision-support solutions". expressindia.indianexpress.com. Archived from the original on 14 January 2018. Retrieved 14 January 2018.
  25. "Statupwala – TCS. BEYOND THE OBVIOUS | Statupwala.com". www.startupwala.com. Retrieved 16 June 2022.
  26. "Business Standard – 'No one ever wrote a book about TCS' | Business-standard.com". Business Standard India. 17 September 2011. Retrieved 16 June 2022.
  27. "With $100 billion m-cap, TCS is an outlier". The Economic Times. 24 April 2018.
  28. "Star Performer Goes Public". Editorial. Chennai, India: The Hindu. 14 June 2004. Archived from the original on 18 June 2004. Retrieved 13 February 2009.
  29. "TCS launches the country's first bioinformatics product". The Indian Express. 8 February 2004. Archived from the original on 16 August 2004.
  30. "Business Insider India – 10 months, 100 clients, and last minute course corrections — TCS CMO shares all the work behind the software giant's new look | businessinsider.in". www.businessinsider.in. Retrieved 16 June 2022.
  31. "ICT helps IRCTC book 3.5 lakh e-Tickets in a day". E-GovOnline.net. 11 July 2011. Archived from the original on 27 September 2011.
  32. Kanavi, Shivanand (20 June 2004). "Megasoft". Business India: 52.
  33. "Eye on future, TCS in revamp mode". Hindustan Times. 12 February 2008.
  34. "TCS targets SME market with cloud computing". Computer Weekly. 15 February 2011.
  35. "TCS overtakes RIL as country's most valued firm – PTI". Moneycontrol.com. 30 December 2011. Retrieved 3 September 2013.
  36. "TCS beats $10-bn revenue mark in FY12". Business Standard. 24 April 2012. Retrieved 3 September 2013.
  37. TCS News & Events: Press Release : Department of Posts Awards Core System Integrator project to TCS. Tcs.com. Retrieved on 6 December 2013.
  38. "TCS joins top 10 global IT services companies club". The Times of India. Retrieved 2 July 2015.
  39. "TCS first Indian company to top Rs 5 lakh crore market cap". Times Of India. 24 July 2014.
  40. "TCS Crosses Rs.5 Lk Cr Market Cap". Bloomberg TV India. 24 July 2014.
  41. "TCS ends RIL's 23-year run as most profitable firm". Times Of. 20 January 2014.
  42. indiainfoline.com. "TCS | TCS partners with Aurus to enhance Omnichannel payment solutions with OmniStore". Retrieved 17 January 2017.
  43. "Tata Consultancy Services Ltd". Business Standard India. Retrieved 27 June 2018.
  44. "Tata to sell its stakes worth $1.25 billion in TCS to pay debt". The Times of India. 13 March 2018. Archived from the original on 7 October 2018. Retrieved 7 October 2018.
  45. "Tata Consultancy Services Ltd". Business Standard India. Retrieved 23 May 2019.
  46. "TCS surpasses Accenture in m-cap to become world's most-valuable IT company". The Economic Times. Retrieved 13 October 2020.
  47. "TCS briefly beats Accenture to become the world's largest IT company".
  48. "TCS Surpasses Reliance Industries To Become Country's Most Valued Company".
  49. Sangani, Priyanka. "TCS hires 43,000 freshers in H1 FY22, plans to add 35,000 in H2". The Economic Times.
  50. Sangani, Priyanka. "TCS says its platforms and products business is worth about $3 billion". The Economic Times. Retrieved 2 May 2022.
  51. "The Times of India – TCS unveils new brand statement 'building on belief' | TimesofIndia.indiatimes.com". www.timesofindia.indiatimes.com. Retrieved 16 June 2022.
  52. Macdonald, | Ayang (23 March 2021). "Neurotechnology to provide biometric de-duplication software for India's Aadhaar program | Biometric Update". www.biometricupdate.com. Retrieved 17 October 2022.
  53. "World Bank chief economist gives thumbs up to Aadhaar, says it's most sophisticated in the world". Business Today. 16 March 2017. Retrieved 17 October 2022.
  54. "TCS outlines vision for CMC". The Hindu. Chennai, India. 17 October 2001. Archived from the original on 5 January 2004. Retrieved 7 September 2013.
  55. "TCS acquires CMC". Tata Group. 17 October 2001. Archived from the original on 25 May 2013. Retrieved 7 September 2013.
  56. "TCS to consolidate market leadership through CMC acquisition". Tata Group. 17 October 2001. Archived from the original on 24 May 2013. Retrieved 7 September 2013.
  57. "TCS buys 75.1% stake in AFS from Swissair". Rediff.com. 5 June 2003. Archived from the original on 13 March 2005. Retrieved 17 February 2009.
  58. "TCS acquires Swissair stake in BPO jt venture". The Hindu. 7 May 2003. Retrieved 7 September 2013.
  59. "Tata acquires Phoenix India arm". ComputerWeekly.com. 11 May 2004.
  60. "TCS acquires Phoenix Global". Tata Group. 11 May 2004. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  61. "Tata Consultancy Services Limited" (PDF). Indian Brand Equity Foundation. 23 October 2006. Retrieved 7 September 2013.
  62. "Annual Report 2005-06" (PDF). TCS. May 2005. Retrieved 7 September 2013.
  63. "TCS to buy Pearl Group's life insurance, pension units". Economic Times. 19 October 2005. Retrieved 7 September 2013.
  64. "TCS – Acquisition spree". Tata Group. 9 November 2005. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  65. "TCS acquires Sydney-based FNS for US$ 26 million". Tata Group. 20 October 2005. Archived from the original on 21 September 2013. Retrieved 7 September 2013.
  66. "TCS acquires Australian core banking solutions co". Economic Times. 21 October 2005. Archived from the original on 6 August 2013. Retrieved 7 September 2013.
  67. "TCS buys Chilean BPO firm". The Hindu. Chennai, India. 9 November 2005. Archived from the original on 5 December 2008. Retrieved 7 September 2013.
  68. "TCS acquires leading BPO firm in Chile". Tata Group. 8 November 2005. Archived from the original on 18 January 2013. Retrieved 7 September 2013.
  69. "Tata Infotech to merge with TCS". Silicon India. 18 July 2005.
  70. "Tata Infotech to merge with TCS". Tata Group. 16 July 2005. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  71. "Tata Infotech, TCS to merge". Indian Express. 16 July 2005. Retrieved 7 September 2013.
  72. "TCS acquires IT consultancy firm for A$15m". ITWire.com. 12 November 2006. Archived from the original on 28 December 2013. Retrieved 7 September 2013.
  73. "TCS acquires Australian consultancy firm". Economic Times. 8 November 2006. Retrieved 7 September 2013.
  74. "TCS acquires Swiss firm TKS-Teknosoft". Financial Express. 1 November 2006. Retrieved 7 September 2013.
  75. "Tata Consultancy Services to Acquire Citigroup Global Services". Bloomberg.com. 8 October 2008. Retrieved 8 September 2013.
  76. "TCS takes a lead, but deal raises a few concerns". Economic Times. 9 October 2008. Retrieved 8 September 2013.
  77. "TCS buys captive unit of SuperValu". Times of India. 16 September 2010. Archived from the original on 22 June 2013. Retrieved 8 September 2013.
  78. "TCS to buy tech startup 'Computational Research Labs' for $34 million". Economic Times. 16 August 2012. Retrieved 8 September 2013.
  79. "TCS buys high performance computing start-up for Rs 188 cr". The Hindu. 16 August 2012. Retrieved 8 September 2013.
  80. "TCS to acquire IT services firm ALTI for € 75 million to help drive long-term growth in France". 9 April 2013. Archived from the original on 5 November 2013. Retrieved 7 September 2013.
  81. Majumdar, Romita (28 November 2018). "TCS' second acquisition this month, acquires US-based BridgePoint Group". Business Standard India. Retrieved 5 September 2019.
  82. Agarwal, Varun (28 November 2018). "TCS acquires US management consulting firm BridgePoint Group". @businessline. Retrieved 5 September 2019.
  83. Livemint (28 November 2018). "TCS acquires US-based BridgePoint Group". Live Mint. Live Mint. Retrieved 5 September 2019.
  84. "Tata übernimmt Postbank Systems" (in German). Retrieved 9 November 2020.
  85. Slattery, Laura (12 November 2020). "Tata Consultancy Services agrees to buy Donegal-based Pramerica".
  86. "Integrated Annual Report 2020-21" (PDF). TCS. p. 51.{{cite web}}: CS1 maint: url-status (link)
  87. "Union IT Minister Ravi Shankar Prasad Opens New TCS Centre in Patna". News18. 18 July 2019. Retrieved 5 September 2019.
  88. 14 Jul, TNN | Updated; 2019; Ist, 9:54. "Ravi Shankar Prasad opens new TCS centre in Patna | Patna News - Times of India". The Times of India. Retrieved 5 September 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  89. "TCS Worldwide: Philippines". Tcs.com. Retrieved 13 November 2011.
  90. "China Joint Venture with Tata Consultancy Services". China Economic Review. 18 September 2007. Archived from the original on 4 January 2014.
  91. "TCS Worldwide: United Arab Emirates (UAE)". Tcs.com. Retrieved 13 November 2011.
  92. "TCS plans Morocco foray with 500-strong unit". Express Online. 12 October 2006. Archived from the original on 28 January 2012.
  93. Adith Charlie. "TCS closing down Morocco unit". The Hindu Business Line. Retrieved 2 July 2015.
  94. "TCS bets on growing economy of Peru". Times of India. 25 July 2010. Archived from the original on 16 May 2013. Retrieved 11 May 2017.
  95. "Top 15 BPO companies". NASSCOM. Archived from the original on 11 May 2012. Retrieved 6 September 2013.
  96. "Press Release Indian GAAP Q4 2012-13" (PDF). TCS. 17 April 2013. Retrieved 3 September 2013.
  97. "TCS Institutional Ownership - TATA CONSULTANCY SERVICES LTD. Stock". fintel.io. Retrieved 2 May 2020.
  98. "Consolidated Historical Financials". TCS. Archived from the original on 27 September 2013. Retrieved 3 September 2013.
  99. "India's TCS opens BPO shop in Manila, Philippines – Jobs & Hire". Ibtimes.com. 3 December 2010. Archived from the original on 8 December 2010. Retrieved 13 November 2011.
  100. "TCS Named as a Leader in Life Science Drug Safety Services by Leading Industry Research Firm". Yahoo! Finance. 28 February 2013. Archived from the original on 27 September 2013. Retrieved 3 September 2013.
  101. "TCS wins $35 mn Eli Lilly contract". timesofindia-economictimes. 13 November 2006. Archived from the original on 3 July 2015. Retrieved 2 July 2015.
  102. "TCS with US-based Eli Lilly for advance clinical research". www.oneindia.com. 15 November 2006. Archived from the original on 3 July 2015. Retrieved 2 July 2015.
  103. "Tata bags major BPO deal with Roche". Outsourcing-Pharma.com. Archived from the original on 16 June 2015. Retrieved 2 July 2015.
  104. "TCS to support Roche's initiative". The Hindu. Chennai, India. 5 September 2007. Retrieved 2 July 2015.
  105. "TCS in multi-million dollar deal with Swiss firm". timesofindia-economictimes. 5 September 2007. Archived from the original on 3 July 2015. Retrieved 2 July 2015.
  106. "TCS Mastercraft Suite of Products". Tata Consultancy Services. 1 October 2012. Archived from the original on 21 September 2012. Retrieved 3 October 2012.
  107. "When Outsourcing Loses Human Element". International Herald Tribune. 27 May 2005. Archived from the original on 11 February 2006. Retrieved 17 February 2009.
  108. "Improving Our World – IEEE Annual Report(page 4)" (PDF). IEEE. 2005. Archived (PDF) from the original on 4 March 2009. Retrieved 17 February 2009.
  109. "Tata launches 'Swach' water filters". Deccanherald. 7 December 2009. Archived from the original on 2 March 2010. Retrieved 12 August 2010.
  110. "TCS launches its Co-Innovation Network". Financialexpress.com. 18 January 2007. Archived from the original on 15 June 2013. Retrieved 16 July 2010.
  111. "The TCS Co-Innovation Network". TCS. Archived from the original on 20 September 2013. Retrieved 6 September 2013.
  112. "Innovation Labs". TCS. Archived from the original on 11 July 2010. Retrieved 16 July 2010.
  113. "Co-Innovation Network". TCS. Archived from the original on 19 July 2010. Retrieved 26 July 2010.
  114. "TCS Q4 net profit jumps 22% to Rs 3,597 crore". Times of India. 17 April 2013. Archived from the original on 5 November 2013. Retrieved 3 September 2013.
  115. "India's eight biggest employers". The Economic Times. Archived from the original on 10 September 2018. Retrieved 27 October 2018.
  116. "Annual Report 2012–2013" (PDF). Tata Consultancy Services. Retrieved 3 September 2013.
  117. Anand, Kshitij (12 January 2017). "Top five takeaways: What powered TCS to beat Street estimates on Q3 earnings". The Economic Times. Archived from the original on 12 January 2017. Retrieved 12 January 2017.
  118. "Can TCS grow to 5,00,000 employees? Or will linear staff growth start impacting results? - Firstpost". www.firstpost.com. 19 April 2014.
  119. Sen, Arundhati Ramanthan & Anirban (31 March 2013). "TCS behind only IBM in employee strength". Archived from the original on 13 January 2017. Retrieved 12 January 2017.
  120. "TCS crosses 500,000 headcount". The Economic Times. Retrieved 13 July 2021.
  121. "TCS non-Indian employee number crosses 21,000". Business Standard. 7 June 2013. Retrieved 3 September 2013.
  122. "Annual Report 2012-13 US GAAP/IFRS" (PDF). TCS. 17 April 2013. Retrieved 3 September 2013.
  123. "Top 8 IT Companies in India". Yadnya Investment Academy. December 2018. Archived from the original on 28 October 2021.
  124. "Indian Firms, Microsoft Top H-1B List". News. Businessweek. 24 February 2009. Retrieved 8 September 2013.
  125. "Indian Outsourcing Companies Top H-1B Visa List". eWeek.com. 2 March 2009. Retrieved 8 September 2013.
  126. "Top 10 H1B visa recipients outsource American jobs overseas: Report". The Hindu. 20 February 2013. Retrieved 8 September 2013.
  127. "The data shows: Top H-1B users are offshore outsourcers". ComputerWorld. 14 February 2013. Retrieved 8 September 2013.
  128. "TCS: the complete story". Business Standard. 21 September 2011. Retrieved 6 September 2013.
  129. TCS title sponsor for New York Road Runners. Business Standard (3 October 2013) Retrieved on 6 December 2013.
  130. "About TCS – Corporate Facts – Sponsorships". TCS. Retrieved 6 September 2013.
  131. "10 Things you must know about TCS World 10K Marathon 2015". news.biharprabha.com. 16 May 2015. Retrieved 16 May 2015.
  132. "Archive News". The Hindu.
  133. "TCS is Rajasthan Royals' tech partner".
  134. "Tata Consultancy Services enters the Indian Premier League". Archived from the original on 1 May 2013. Retrieved 6 April 2012.
  135. "TCS IT Wiz - India's biggest inter-school IT Quiz". www.tcsitwiz.com.
  136. "Tata Workers in America Wages Class Action Lawsuit". Lieff Cabraser Heimann & Bernstein, LLP. Archived from the original on 30 October 2013. Retrieved 2 July 2015.
  137. "TCS faces class-action lawsuit in US". MSN News. 4 April 2012. Archived from the original on 7 May 2013. Retrieved 20 February 2013.
  138. "US jury slaps $940 million fine on TCS, Tata America International Corp in trade secret case". The Economic Times. 16 April 2016.
  139. "Canadian on EI shut out amid foreign worker influx – British Columbia – CBC News". Cbc.ca. 20 May 2013. Archived from the original on 20 May 2013. Retrieved 10 June 2013.
  140. Thibodeau, Patrick (16 April 2015). "IT worker's lawsuit accuses Tata of discrimination". ComputerWorld. Archived from the original on 16 April 2015. Retrieved 16 April 2015.
  141. "Edison's plans to cut jobs, hire foreign workers is assailed". Los Angeles Times. Los Angeles Times. Retrieved 14 December 2015.
  142. Li, Shan; Morrison, Matt (10 February 2015). "Edison's plans to cut jobs, hire foreign workers is assailed". Los Angeles Times. Retrieved 3 April 2015.
  143. "Southern California Edison IT workers 'beyond furious' over H-1B replacements". ComputerWorld. ComputerWorld. Retrieved 14 December 2015.
  144. "Feds find no wrongdoing by firm that provided foreign workers to Edison". scpr.org. Retrieved 14 December 2015.
Wikimedia Commons has media related to Tata Consultancy Services.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.