Tata Consultancy Services
 | |
| Type | Public company |
|---|---|
| Traded as | BSE: 532540 NSE: TCS |
| Industry | IT services IT consulting |
| Founded | 1968 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Worldwide |
| Key people | Ratan Tata (Chairman) S Ramadorai (VC) N. Chandrasekaran (CEO & MD) |
| Products | TCS Bancs Digital Certification Products Healthcare Management Systems |
| Services | Outsourcing BPO Software Products |
| Revenue |  US$ 8.355 billion (2011)[1] US$ 2.024 billion (2011)[1] |
| Total assets | US$ 7.215 billion (2011)[1] |
| Total equity | US$ 5.499 billion (2011)[1] |
| Employees | 202,500 (Q1, 2011)[1] |
| Parent | Tata Group |
| Website | tcs.com |
Contents[hide] |
[edit] History
It began as the "Tata Computer Centre", for the company Tata Group whose main business was to provide computer services to other group companies. F C Kohli was the first general manager. J. R. D. Tata was the first chairman, followed by Pankaj Roy.One of TCS' first assignments was to provide punched card services to a sister concern, Tata Steel (then TISCO). It later bagged the country's first software project, the Inter-Branch Reconciliation System (IBRS) for the Central Bank of India.[4] It also provided bureau services to Unit Trust of India, thus becoming one of the first companies to offer BPO services.
In the early 1970s, Tata Consultancy Services began exporting its services. The company pioneered the global delivery model for IT services with its first offshore client in 1974. TCS's first international order came from Burroughs, one of the first business computer manufacturers. TCS was assigned to write code for the Burroughs machines for several US-based clients.[5] This experience also helped TCS bag its first onsite project - the Institutional Group & Information Company (IGIC), a data centre for ten banks, which catered to two million customers in the US, assigned TCS the task of maintaining and upgrading its computer systems.[5]
In 1981, TCS set up India's first software research and development centre, the Tata Research Development and Design Center (TRDDC) in Pune.[6] The first client-dedicated offshore development center was set up for Compaq (then Tandem) in 1985.
In 1979, TCS delivered an electronic depository and trading system called SECOM for SIS SegaInterSettle, Switzerland. It was by far the most complex project undertaken by an Indian IT company. TCS followed this up with System X for the Canadian Depository System and also automated the Johannesburg Stock (JSE).[7] TCS associated with a Swiss partner, TKS Teknosoft, which it later acquired.[8]
In the early 1990s, the Indian IT outsourcing industry grew tremendously due to the Y2K bug and the launch of a unified European currency, Euro. TCS pioneered 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]
In 1999, TCS saw outsourcing opportunity in E-Commerce and related solutions and set up its E-Business division with ten people. By 2004, E-Business was contributing half a billion dollars (US) to TCS.[10]
On 9 August 2004, TCS became a publicly listed company,[11] much later than its rivals, Infosys, Wipro and Mahindra Satyam.
TCS now holds every year Nationwide Inter-School IT Quiz called TCS IT WIZ . Which is held across as many as 12 cities including Delhi, Bangalore, Chennai, Ahmadabad, Coimbatore, Pune, Mumbai, Visakhapatnam ,etc.
During 2005, TCS ventured into a new area for an Indian IT services company - Bioinformatics.[12]
In 2008, the company went through an internal restructuring exercise that executives claim would bring about agility to the organization.[13]
In 2011, the company entered the Small and medium enterprises (SME) market with cloud-based offerings.[14]
[edit] Operations & Acquisitions
[edit] Indian branches
TCS had development centres and/or regional offices in the following Indian cities: Ahmedabad, Baroda, Bangalore, Bhubaneswar, Chennai, Coimbatore, Goa, Gurgaon, Guwahati, Kochi, Madurai, Kolkata, Lucknow, Mumbai, Mangalore, Noida, Pune, Thiruvananthapuram, Jaipur, Jalandhar, New Delhi, Jamshedpur, Hyderabad, now in Indore in 2012[15][16][edit] Global units
Africa: South Africa, Morocco[17]Asia (Outside India): Bahrain, Beijing,[18] Hong Kong, Hangzhou, Shanghai, Indonesia, Israel, Japan, Malaysia, Philippines,[19] Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, UAE ()[20]
Australia: Australia
Europe: Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom
North America: Canada, Mexico, USA
South America: Argentina, Brazil, Chile, Colombia, Ecuador, Uruguay, Peru[21]
[edit] Innovation and R&D
[edit] Tata Research Development and Design Center
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 [22]) 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.[23]
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.[24] This product has been marketed in India as Tata swach, a low cost water purifier.[25]
[edit] List of acquisitions
The table below gives some details of TCS' key acquisitions| Number | Acquisition Date | Company | Business | Country | Value | Headcount | ||
|---|---|---|---|---|---|---|---|---|
| 1 | 8 October 2008 | Citi Global Services Limited | Business Process Outsourcing | India | US$ 505 mn | 12472 | ||
| 2 | November, 2006 | TKS-Teknosoft | Banking Product | Switzerland | US$ 80.4 mn | 115 | ||
| 3 | November, 2005 | Comicrom | Banking BPO | Chile | US$ 23.7 mn | 1257 | ||
| 4 | February, 2006 | Tata Infotech | IT Services | India | - | - | ||
| 5 | October, 2005 | FNS | Core Banking Product | Australia | US$ 26 mn | 190 | ||
| 6 | October, 2005 | Pearl Group | Insurance | United Kingdom | US$ 94.7 mn | 950 | ||
| 7 | November 2006 | TCS Management | IT Services | Australia | US$ 13.0 mn | 35 | ||
| 8 | May 2004 | Phoenix Global Solutions | BPO | India | US$ 13 mn | 350 | ||
| 9 | May 2005 | Swedish Indian IT Resources AB (SITAR) | IT Services | Sweden | US$ 4.8 mn | |||
| 10 | May 2004 | Aviation Software Development Consultancy India (ASDC) | IT Services | India | - | 180 | ||
| 11 | January 2004 | Airline Financial Support Services India (AFS) | BPO | India | US$ 5.1 mn | 316 | ||
| 12 | October 2001 | CMC Limited | IT Services | India | US$33.89m (51%) | 3100 |
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