TCS

Tata Consultancy Services Limited (TCS) is an Indian multinational information

technology (IT) service and consulting company headquartered
in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations
across 46 countries.
TCS is the second largest Indian company by market capitalization. Tata consulting services
is now placed among the most valuable IT services brands worldwide. In 2015, TCS was
ranked 64th overall in the Forbes World's Most Innovative Companies ranking, making it
both the highest-ranked IT services company and the top Indian company. It is the world's
largest IT services provider. As of 2018, it is ranked eleventh on the Fortune India 500 list. In
April 2018, TCS became the first Indian IT company to reach $100 billion market
capitalization, and second Indian company ever (after Reliance Industries achieved it in
2007) after its market capitalization stood at ₹6,79,332.81 crore ($102.6 billion) on
the Bombay Stock Exchange.
In 2016-2017, Parent company Tata Sons owned 70% of TCS; and more than 70% of Tata
Sons' dividends were generated by TCS. In March 2018, Tata Sons decided to sell stocks of
TCS worth $1.25 billion in a bulk deal.

Tata Consultancy Services LTD.

Type Public

Traded as
BSE: 532540

NSE: TCS

BSE SENSEX
Constituent

CNX Nifty Constituent

ISIN INE467B01029

Industry IT services, IT consulting

 Founded 1968; 51 years ago

Founder
Tata Sons

F. C. Kohli

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Natarajan Chandrasekaran

(Chairman)

Rajesh Gopinathan
(MD & CEO)

Services Outsourcing
Consulting
Managed services

US$20.9 billion (2019)[1]

Revenue

Operating income US$5.3 billion (2019)[1]

Net income US$4.5 billion (2019)[1]

US$16.6 billion (2019)[1]

Total assets
US$13.2 billion (2019)[1]
Total equity

Number of employees 450,738 (September 2019)[2]

Parent Tata Group

Subsidiaries
TCS China

TRDDC

Website www.tcs.com

History
1968-2003
Tata Consultancy Services Limited, initially started as "Tata Computer Systems" was founded
in 1968 by division of Tata Sons Limited.[20] 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,[21] and providing bureau services to Unit
Trust of India.
In 1975, TCS delivered an electronic depository and trading system called SECOM for
the Swiss company SIS SegaInterSettle (deutsch); it also developed System X for the
Canadian Depository System and automated the Johannesburg Stock Exchange.[22] TCS
associated with a Swiss partner, TKS Teknosoft, which it later acquired.[23]
In 1980, TCS established India's first dedicated software research and development centre,
the Tata Research Development and Design Centre (TRDDC) in Pune. [24] In 1981, it
established India's first client-dedicated offshore development centre, set up for
clients Tandem. TCS later (1993) 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. 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.
2004 to present
On 25 August 2004, TCS became a Publicly Listed Company.
In 2005, TCS became the first India-based IT services company to enter
the bioinformatics market. In 2006, it designed an ERP system for the Indian Railway
Catering and Tourism Corporation. By 2008, its e-business activities were generating over
US$500 million in annual revenues.
TCS entered the small and medium enterprises market for the first time in 2011, with cloud-
based offerings. On the last trading day of 2011, it overtook RIL to achieve the highest
market capitalisation of any India-based company. In the 2011/12 fiscal year, TCS achieved
annual revenues of over US$10 billion for the first time.
In May 2013, TCS was awarded a six-year contract worth over ₹1100 crore to provide
services to the Indian Department of Posts. In 2013, the firm moved from the 13th position to
10th position in the League of top 10 global IT services companies and in July 2014, it
became the first Indian company with over Rs 5 lakh crore market capitalization.
In Jan 2015, TCS ends RIL's 23-year run as most profitable firm.
In Jan 2017, the company announced a partnership with Aurus, Inc., a payments technology
company, to deliver payment solutions for retailers using TCS Omni Store, a first of its kind
unified store commerce platform. In the same year, TCS China was associated as a joint
venture with the Chinese government.
TCS announced its FY19 Q3 results posting 24 percent year-on-year (YoY) rise in profit at
Rs 8,105 crore. The stock plunged 2.5 percent intra-day as brokerages cut price target.
TCS Honored with Four Stevies at the 2019 American Business Awards.

Products and services

TCS and its 67 subsidiaries provides a wide range of information technology-related products
and services including application development, business process outsourcing, capacity
planning, consulting, enterprise software, hardware sizing, payment processing, software
management and technology education services. The firm's established software products
are TCS BaNCS and TCS MasterCraft.
Service lines
TCS' services are currently organised into the following service lines (percentage of total
TCS revenues in the 2012-13 financial year generated by each respective service line is
shown in parentheses):

 Application development and maintenance (43.80%) value;

 Asset leverage solutions (2.70%);

 Assurance services (7.70%);

 Business process outsourcing (12.50%);

 Consulting (2.00%);

 Engineering and Industrial services (4.60%);

 Enterprise solution (15.21%); and

 IT infrastructure services (11.50%).

Operations
Tata Consultancy Services has 285 offices across 46 countries and 147 delivery centers in 21
countries. At the same date TCS had a total of 58 subsidiary companies.

Employees
TCS is one of the biggest and the largest private sector employers in India, and the fourth-
largest employer among listed Indian companies (after Indian Railways, Indian Army and
India Post). TCS had a total of 400,875 employees as of September 2018, of which 31% were
women. The number of non-Indian nationals was 21,282 as on 31 March 2013 (7.7%). 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. 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. In the same period, the rate of attrition was 10.6%. The average age of a TCS
employee is 28 years. The employee utilisation rate, excluding trainees, for the FY 2012-13
was 82%. TCS was the fifth-largest United States visa recipient in 2008
(after Infosys, CTS, Wipro and Mahindra Satyam). In 2012, the Tata group companies,
including TCS, were the second largest recipient of H-1B visas. As of June 2017, TCS has
over 387,000+ employees. It is world's third largest IT employer behind IBM and HP.