Tata Consultancy Services From Wikipedia, the free encyclopedia Tata Consultancy Services LimitedType Public Traded as NSE: TCS BSE SENSEX Constituent Industry Founded Founder(s) IT services, IT consulting 1968 JRD Tata Mumbai, Maharashtra, India BSE: 532540HeadquartersArea served Worldwide Key people (Chairman) N. Chandrasekaran (CEO & MD) Services Revenue IT, business consulting and outsourcing services US$ 10.17 billion (2011/12)[1] Ratan TataProfit US$ 2.2 billion (2011/12)[1] Employees 243,545 (June 2012)[2]ParentTata Group Subsidiaries CMC Limited TCS China Website www.tcs.comTata Consultancy Services Limited (TCS) (BSE: 532540, NSE: TCS) is an Indian multinational information technology (IT) services, business solutions andoutsourcing services company headquartered in Mumbai, Maharashtra. TCS is a subsidiary of the Tata Group and is listed on the Bombay Stock Exchange and the National Stock Exchange of India. It is one of India's most valuable companies[3] and is one of the five largest India-based IT services firms. Contents [hide] 1 History 1.1 1968 to 2000 1.2 2000 to present 1.3 Acquisitions 2 Products and services 2.1 Service lines 3 Operations 3.1 Locations 3.2 Tata Research Development and Design Center 3.3 Innovation Labs 4 TCS BPO 5 Employees 6 Sponsorships 7 Recognition 8 See also 9 References 10 External links [edit]History[edit]1968 to 2000 Tata Consultancy Services was founded in 1968. One of its first contracts was to provide punched card services to sister company TISCO (now Tata Steel). In the following years it worked on an Inter-Branch Reconciliation System (IBRS) for the Central Bank of India[4] and provided bureau services to Unit Trust ofIndia. In 1975, TCS conducted its first campus interviews, held at IISc, Bangalore. The recruits comprised 12 Indian Institutes of Technology graduates and three IISc graduates, who became the first TCS employees to enter a formal graduate programme.[5] In 1979, TCS delivered an electronic depository and trading system called SECOM for the Swiss company SIS SegaInterSettle. TCS followed this up with System X for the Canadian Depository System and automating the Johannesburg Stock Exchange (JSE).[6] TCS associated with a Swiss partner, TKS Teknosoft, which it later acquired.[7] In 1981, TCS established India's first software research and development center, the Tata Research Development and Design Center (TRDDC) in Pune. [8] In 1985 TCS established India's first client-dedicated offshore development center, set up for client Compaq (then Tandem). In the early 1990s the Indian IT outsourcing industry grew rapidly due to the Y2K bug and the launch of a unified European currency, Euro. TCS created the factory model for Y2K conversion and developed software tools which automated the conversion process and enabled third-party developers and clients to make use of it.[9] By 2004, E-Business was contributing half a billion dollars (US) to TCS.[10] [edit]2000 to present On August 9, 2004 TCS became a publicly listed company,[11] In 2005 TCS became the first India-based IT services company to enter the bioinformatics market.[12] In 2006 TCS designed an ERP system for the Indian Railway Catering and Tourism Corporation.[13] In 2008 TCS undertook an internal restructuring exercise which aimed to increase the company's agility.[14] TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings.[15] In the 2011/12 fiscal year TCS achieved annual revenues of over U$10 billion for the first time.[16] TCS signed a Rs 94-crore deal with the Karnataka government for six-year period to automate its treasury and finance department operations.[17] Deutsche Bank has selected TCS as a strategic partner for their Production Management Transformation Initiative, within their Capital Markets BusinessUnit.[18] TCS has got contract from Credit Union Australia.[19] TCS has received a multi-year, multi-million dollar contract to provide application support, maintenance and development services to the gases company Air Liquide.[20] On the Last Trading Day of Year 2011, TCS overtook RIL to be anointed as the country's most valued firm.[21] On February 6, 2012, TCS signed a multi-year, multi-million euro contract with European car rental company Europcar for the deployment of IT services in France.[22] [edit]Acquisitions The table below gives some details of TCS' key acquisitions Company Acquisition date Headcount (at acquisition) Business Country of HQ ValueNotes ReferenceCMC Limited October 2001 IT Services India US$33.89 m (51%) 3,100 Access to domestic capability; continues to be a separately run company. [23] Airline Financial Support Services India (AFS) January 2004BPO m 316 BPO expertise in Airline and Hospitality sector [24] India $5.1Aviation Software Development Consultancy India (ASDC) May 2004 IT Services India n/a 180 ASDC was a Singapore Airlines-TCS JV; Acquired Singapore Airlines as a major client [25] Phoenix Global Solutions May 2004 expertise in insurance [26] BPO India $13 m 350 AcquireSwedish Indian IT Resources AB (SITAR)May 2005 IT Services Sweden $4.8 m 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. Pearl Group October 2005 Insurance United Kingdom $94.7 m 950 Acquired life and pension outsourcing business from Pearl Group; Domain knowledge of life and pension underwriting business [27] FNS October 2005 Core Banking Product Australia $26 m 190 Acquired core banking solution product and access to 116 customers in 35 countries; FNS was an existing partner for TCS Comicrom November 2005 Banking BPO Chile $23.7 m into Latin America; Access to payment processing platform [28] Tata InfotechFebruary 2006 IT Services India n/a n/a 1,257 Entry [29]TCS Management November 2006 IT Services 35 Access to Australian clients [30]Australia$13.0 mTKS-Teknosoft November 2006 Banking Product Switzerland $80.4 m 115 Expand product portfolio by acquiring rights to Quartz and ownership of Alpha and e-portfolio, enhanced presence in Switzerland and France [31] Citi Global Services Limited Outsourcing India $505 m knowledge. [32] 8 October 2008 Business Process 12,472 TCS acquired key BFS domainSupervalu Services India 8 October 2010 Supervalu USA self Software Service company India -612 TCS had a deal with Supervalu to have their Software Outsaourcing to TCS and acquired Supervalu India. [32] [edit]Products and servicesTCS and its subsidiaries provide 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.[2] [edit]Service lines TCS' services are currently organised into the following service lines (the percentage of total TCS revenues in the 2011/12 fiscal year generated by each respective service line is shown in parentheses): Application development and maintenance (44.75%); Asset leverage solutions (3.84%); Assurance services (7.45%); Business intelligence (4.55%); Business process outsourcing (11.04%); Consulting (2.58%); Engineering and Industrial services (4.62%); Enterprise solutions (11.11%); and IT infrastructure services (10.06%).[2][edit]OperationsAs of 31 March 2012, TCS had 183 offices across 43 countries and 117 delivery centers across 21 countries.[2] At the same date TCS had a total of 58 subsidiary companies.[2] [edit]LocationsThe Tata Consultancy Services campus at Lucknow, Uttar Pradesh. India: TCS has development centers and/or regional offices in the following Indian cities: Ahmedabad,Bangalore, Baroda, Bhubaneswar, Chennai, Coimbatore, Delhi, Goa, Gurgaon, Guwahati, Hyderabad, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, Noida, Pune and Trivandrum.[33][34] Africa: TCS has regional offices in South Africa and Morocco.[35] Asia (ex. India): TCS has regional offices in Bahrain, Beijing,[36] Hong Kong, Hangzhou, Shanghai, Indonesia, Israel, Japan, Malaysia, Philippines,[37] Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, UAE (Dubai)[38] Australia: TCS has a regional office in Australia. Europe: TCS has regional offices in Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. North America: TCS has regional offices in Canada, Mexico and the United States. South America: TCS has regional offices in Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay.[39] [edit]Tata Research Development and Design Center Main article: Tata Research Development and Design CentreThe Tata Consultancy Services campus at Madhapur, Hyderabad, Andhra PradeshThe Tata Consultancy Services campus at Siruseri, Chennai, Tamil Nadu TCS established the first software research center in India, the Tata Research Development and Design Center, in Pune, India in 1981. TRDDC undertakes research in Software engineering, Process engineering and Systems Research. Researchers at TRDDC also developed Master-Craft (now called TCS Code Generator Framework [40]) a Model Driven Development software that can automatically create code based on a model of a software, and rewrite the code based on the user's needs.[41] 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.[42] This product has been marketed in India as Tata swach, a low cost water purifier.[43] [edit]Innovation Labs In 2007, TCS launched its Co-Innovation Network, a network of TCS Innovation Labs, startup alliances, University Research Departments, and venture capitalists.[44] In addition to TRDDC, TCS has 19 Innovation Labs based in three countries.[45] processing, text, data and process analytics, multimedia applications and graphics. TCS Innovation Lab, Embedded Systems: Medical electronics, WiMAX, and WLAN technologies. TCS Innovation Lab, Hyderabad: Computational methods in life sciences, metagenomics, systems biology, e-security, smart card-based applications, Linux and open source,digital media protection, nano-biotechnology, quantitative finance. TCS Innovation Lab, Mumbai: Speech and natural language processing, wireless systems and wireless applications. TCS Innovation Lab, Insurance Chennai: IT Optimization, Business Process Optimization, Customer Centricity Enablers, Enterprise Mobility, Telematics, Text Analytics, 2D Barcodes, Mashups, Innovation in Product Development and Management (PLM) for Insurance.TCS Innovation Lab, Chennai: Infrastructure innovation, green computing, Web 2.0 and next-generation user interfaces. Microstrategy Mobile Lab. TCS Innovation Lab, Peterborough, England: New-wave communications for the enterprises, utility computing and RFID (chips, tags, labels, readers and middleware). TCS Innovation Lab: Performance Engineering, Mumbai: Performance management, high performance technology components, and others. TCS Innovation Lab, Cincinnati, United States: Engineering and Manufacturing IT solutions. Some of the assets created by TCS Innovation Labs are DBProdem, Jensor,[46] Wanem,[47] Scrutinet, SmartTest Manager. In 2008, the TCS Innovation Lab-developed product, mKrishi, won the Wall Street Journal Technology Innovation Award in the Wireless category.[48] mKrishi is a service that would enable India's farmers to receive useful data on an inexpensive mobile device.[49] TCS' Co-Innovation Network partners include Collabnet, Cassatt, academic institutions such as Stanford, MIT, various IITs, and venture capitalists like Sequoia and Kleiner Perkins.[50] [edit]TCS BPOTCS BPO is the second largest player in the outsourcing industry in India behind Genpact according to Dataquest survey in August 2011.[51] TCS's BPO arm had revenues of $925 million in the year that ended in March, and 34,000 employees[52] Other than major Indian cities, TCS BPO is also present in Tier-II locations like Pune. TCS is also expanding its BPO centre in Kolkata, where it already employs 2,000 people.[53] Tata Consultancy Services has opened a business process outsourcing facility in the Philippines following the path of India-based BPO companies which have operations in that country.[54] [edit]EmployeesTCS had a total of 238,583 employees as of 31 March 2012, of whom 220,835 were based in India and 17,748 in the rest of the world.[2] TCS is one of the largest private sector employers in India,[1] and the second-largest employer among listed Indian companies (after Coal India Limited).[55] In the 2011/12 fiscal year TCS recruited a total of 70,400 new staff, of whom 61,055 were based in India and 9,345 were based in the rest of the world.[2] In the sameperiod a total of 30,431 staff left employment with TCS, leaving a net increase of 39,969, of whom 36,232 were based in India and 3,737 in the rest of the world.[2] TCS has announced plans to recruit 60,000 graduates in the 2012/13 fiscal year.[56] TCS was the fifth-largest United States visa recipient in 2008 (after Infosys, CTS, Wipro and Mahindra Satyam).[57] [edit]SponsorshipsTCS is a sponsor of the Ferrari Formula One team.[58] TCS has been a sponsor of the Indian Premier League team Rajasthan Royals since 2009.[59] In addition TCS provides Rajasthan Royals with technologies to help in the analysis of player performance, simulation, and is investing the use of RFID tags for tracking the players fitness levels and for security purposes in the stadiums.[60][61] TCS conducts an annual IT Quiz TCS IT Wiz for high school students[62] [edit]RecognitionTCS was recognized as Big Four IT Services brand by Brand Finance in 2012[63] and ranked as the world's 7th greenest company in Newsweek's Green Rankings 2011. In addition, TCS is the highest ranked Asia-based company and second highest ranked globally in the Information Technology & Services company category.[64] [edit]See alsoCompanies portal List of IT companies in India List of companies of India[edit]References^ a b c TCS FY 2012 results ^ a b c d e f g h "Annual Report 2011-2012". Tata Consultancy Services.Retrieved 1 September 2012. ^ "RIL one of the most valuable company in India". CNBC-TV18. 14 October 2011. ^ "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry". Case Study. ICMR. 1 January 1990. ^ Cognizant rising by Chennai beach ^ "Indian software keeps Swiss securities safe". Swissinfo.com. 14 January 2002. ^ "TCS acquires TKS Teknosoft". The Financial Express. 11 January 2006. ^ Kanavi, Shivanand (720 June 2004). "Megasoft". Business India: 4654 ^ "IT Man of the Year: Standing Tall". Cover Story. Dataquest India. 22 December 2004. ^ Kanavi, Shivanand (720 June 2004). "Megasoft". Business India: 52 ^ "Star Performer Goes Public". Editorial (Chennai, India: The Hindu). 14 June 2004. ^ "TCS launches the countrys first bioinformatics product". The Indian Express. 8 February 2004. ^ "ICT helps IRCTC book 3.5 lakh e-Tickets in a day". E-GovOnline.net. 11 July 2011. ^ "Eye on future, TCS in revamp mode". Hindustan Times. 12 February 2008. ^ "TCS targets SME market with cloud computing". Computer Weekly. 15 February 2011.fdaf ^ TCS Crosses $ 10 Billion Milestone ^ "TCS bags Rs 94 cr Karnataka govt deal". Timesofindia.indiatimes.com. 19 October 2011. Retrieved 13 November 2011. ^ "Deutsche Bank selects TCS for major transformation initiative Express Computer". Expresscomputeronline.com. 15 October 2011. Retrieved 13 November 2011. ^ "TCS gets contract from Credit Union Australia; stock up". Moneycontrol.com. Retrieved 13 November 2011. ^ "TCS bags multi-million dollar contract from Air Liquide". The Times Of India.1 April 2011. ^ "TCS overtakes RIL as country's most valued firm - PTI". Moneycontrol.com. Retrieved 2012-09-17. ^ "TCS signs multi-million euro contract with European car rental company Europcar". The Times Of India. 6 February 2012. ^ "TCS TCS oulines vision for CMC". Chennai, India: The Hindu. 18 October 2001. ^ "TCS buys 75.1% stake in AFS from Swissair". Rediff.com. 5 June 2003. ^ "TCS buys out Singapore Airlines' stake in ASDC". Chennai, India: The Hindu. 3 October 2004. ^ "Tata acquires Phoenix India arm". ComputerWeekly.com. 5 November 2004. ^ "TCS stakes its claim in BPO with Diligenta". Ovum. 04-2006. ^ "TCS Buys Comicrom for $23M". Red Herring. 11 July 2005. ^ "Tata Infotech to merge with TCS". Silicon India. 18 July 2005. ^ "TCS acquires IT consultancy firm for A$15m". ITWire.com. 11 December 2006. ^ "TCS acquires Swiss firm TKS-Teknosoft". Financial Express. 11 January 2006. ^ a b "Tata Consultancy Services To Acquire Citigroup Global Services for $505 million". CIOL. 8 October 2008. ^ in: Software Companies (6 November 2008). "Office locations of TCS in India". AbhiSays.com. Retrieved 13 November 2011. ^ "India: Tata Consultancy Services Worldwide". Tcs.com. Retrieved 13 November 2011. ^ "TCS plans Morocco foray with 500-strong unit". Express Online. 12 October 2006. ^ "China Joint Venture with Tata Consultancy Services". China Economic Review. 18 December 2007. ^ "TCS Worldwide: Philippines". Tcs.com. Retrieved 13 November 2011. ^ "TCS Worldwide: United Arab Emirates (UAE)". Tcs.com. Retrieved 13 November 2011. ^ "TCS bets on growing economy of Peru". Times of India. 25 July 2010.^ [1][dead link] ^ "When Outsourcing Loses Human Element". International Herald Tribune. 27 May 2005. ^ "Improving Our World IEEE Annual Report(page 4)". IEEE. 2005. ^ "Tata launches Swach water filters". Deccanherald.com. Retrieved 12 August 2010. ^ "TCS launches its Co-Innovation Network". Financialexpress.com. 18 January 2007. Retrieved 16 July 2010. ^ "Innovation Labs". TCS. Retrieved 16 July 2010. ^ "Jensor released as Open Source". Jensor.sourceforge.net. Retrieved 30 August 2010. ^ "Wanem released as Open Source". Wanem.sourceforge.net. Retrieved 30 August 2010. ^ Totty, Michael (29 September 2008). "The 2008 Technology Innovation Awards - WSJ.com". Online.wsj.com. Retrieved 16 July 2010. ^ "Innovation Labs". TCS. Retrieved 16 July 2010. ^ "Co-Innovation Network". TCS. Retrieved 16 July 2010. ^ "India's top 20 BPO companies Rediff.com Business". Rediff.com. 23 August 2011. Retrieved 13 November 2011. ^ Tripathy, Devidutta (24 August 2011). "India TCS outsourcing chief sees no impact of global crisis". Reuters. ^ Bibhu Ranjan Mishra & Piyali Mandal (25 August 2011). "TCS to open 2,000people BPO centre". Business-standard.com. Retrieved 13 November 2011. ^ "India's TCS opens BPO shop in Manila, Philippines Jobs & Hire". Ibtimes.com. 3 December 2010. Retrieved 13 November 2011. ^ "Fortune Global 500 2011: The World's Biggest Companies". CNN. ^ "TCS plans to hire 60,000 freshers in FY12-13". The Times Of India. 5 June 2012. ^ "Indian Firms, Microsoft Top H-1B List". News. Businessweek. 24 February 2009. ^ TCS Sponsorships^ TCS ties up with Rajasthan Royals ^ TCS is Rajasthan Royals tech partner ^ Tata Consultancy Services enters the Indian Premier League ^ TCS IT Wiz ^ TCS recognized as "Big Four" IT Services brand ^ "TCS is seventh Greenest company". reuters.com. 18 October 2011. Retrieved 18 October 2011. [edit]External linksOfficial website [show] v t e Tata Group