Jump to content

Tata Consultancy Services

From Wikipedia, the free encyclopedia

Tata Consultancy Services
Company typePublic
ISININE467B01029
IndustryInformation technology
Consulting
Outsourcing
Founded1968; 56 years ago (1968)
FounderJ. R. D. Tata
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Natarajan Chandrasekaran
(Chairman)
K. Krithivasan
(MD & CEO)
RevenueIncrease ₹248,315 crore (US$30 billion)[1] (2024)
Increase ₹61,997 crore (US$7.4 billion)[1] (2024)
Increase ₹46,099 crore (US$5.5 billion)[1] (2024)
Total assetsIncrease ₹146,449 crore (US$18 billion)[2] (2024)
Total equityIncrease ₹91,319 crore (US$11 billion)[2] (2024)
Number of employees
612,724[3] (September 2024)
ParentTata Group
Subsidiaries
Websitewww.tcs.com
Footnotes / references
[4][5]

Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology services and consulting. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries.[6] It is the second-largest Indian company by market capitalization.

As of 2024, TCS is ranked seventh on the Fortune India 500 list.[7] In September 2021, TCS recorded a market capitalization of US$200 billion, making it the first Indian IT company to achieve this valuation.[8][9][10] In 2012, it was the world's second-largest user of U.S. H-1B visas.[11]

In 2024, parent company Tata Sons owned 71.74% of TCS,[12] and close to 80% of Tata Sons' dividend income came from TCS.[13]

History

[edit]

1968–2000

[edit]
TCS Delta Park in Salt Lake Sector-V, Greater Kolkata

Tata Consultancy Services Limited, originally known as Tata Computer Systems, was established in 1968 by Tata Sons Limited.[14] The company's initial contracts involved providing punched card services to its sister company TISCO (now Tata Steel), developing an Inter-Branch Reconciliation System for the Central Bank of India,[15] and offering bureau services to the Unit Trust of India.

In 1975, TCS implemented an electronic depository and trading system named SECOM for Swiss company SIS SegaInterSettle. It also developed System X for the Canadian Depository System and automated the Johannesburg Stock Exchange.[16] TCS also partnered with the Swiss firm TKS Teknosoft, which it later acquired.[17]

In 1980, TCS established India's first dedicated software research and development center, the Tata Research Development and Design Centre (TRDDC), located in Pune.[18] The following year, it created India's first client-dedicated offshore development centre, established for Tandem.

Anticipating the Y2K bug and the introduction of the unified European currency (Euro), Tata Consultancy Services developed a factory model for Y2K conversion. The company also created software tools to automate the conversion process and facilitate implementation by third-party developers and clients.[19] In late 1999, TCS introduced Decision Support System (DSS) solutions to the domestic market.[20] In 1999, the company also registered its first tagline, "Beyond the Obvious."[21][22]

2001–2019

[edit]
TCS campus in Lucknow

In 2001, TCS entered the bioinformatics segment,[23] and three years later, launched India's first bioinformatics product.[24]

In 2003, TCS became the first Indian IT company to record $1 billion in revenue.[25] On 25 August 2004, TCS became a publicly listed company after its initial public offering.[26][27]

In July 2005, Tata Infotech, which was until then a different IT subsidiary of Tata Sons, merged with TCS in a stock swap deal.[28] Later that year, TCS changed its tagline from "Beyond the Obvious" to "Experience Certainty".[29]

In 2006, TCS developed an ERP system for the Indian Railway Catering and Tourism Corporation.[30] By 2008, its e-business operations were generating over US$500 million in annual revenue.[31][32]

In 2011, TCS entered the small and medium enterprises market with cloud-based solutions.[33] On the final trading day of 2011, it surpassed RIL to achieve the highest market capitalization of any India-based company.[34] In the 2011–12 fiscal year, TCS achieved annual revenues exceeding US$10 billion for the first time.[35]

In May 2013, TCS was awarded a six-year contract valued at over ₹11 billion (US$130 million) to provide services to the Indian Department of Posts.[36] In 2013, the company moved from 13th to 10th place in the League of top 10 global IT services companies.[37] In July 2014, it became the first Indian company to exceed ₹5 trillion (equivalent to ₹8.0 trillion or US$96 billion in 2023) in market capitalization.[38][39]

In January 2015, TCS became India's most profitable company, ending Reliance Industries Limited's 23-year streak.[40]

In January 2017, TCS announced a partnership with Aurus, a payments technology company, to deliver payment solutions for retailers through TCS OmniStore, a pioneering unified store commerce platform.[41] The same year, TCS China entered into a joint venture with the Chinese government.[42]

In March 2018, Tata Sons sold TCS shares worth $1.25 billion in a bulk transaction.[43]

In 2019, TCS received four Stevies at the American Business Awards.[44]

2020–present

[edit]

On 8 October 2020, TCS surpassed Accenture in market capitalization, becoming the world's most valuable IT company with a market capitalization of over $144 billion.[45] On 25 January 2021, TCS briefly reclaimed the title of the world's most valuable IT company from Accenture with a market cap of $170 billion.[46] On the same day, TCS also became India's most valuable company, surpassing Reliance Industries.[47]

In May 2021, TCS, in collaboration with its consortium partner Neurotechnology, was selected by the Unique Identification Authority of India (UIDAI) to provide biometric technology for the Aadhaar digital ID program.[48] The Aadhaar program, which has a database of over 1.3 billion citizens, has been described by World Bank Chief Economist Paul Romer as the "most sophisticated ID program in the world."[49]

In October 2021, N. Ganapathy Subramaniam, the COO of TCS, announced that its platforms and products business, including its SaaS-based platforms, is valued at approximately $3 billion.[50] He noted that 95% of the deals won by TCS between October 2020 and October 2021 were for its cloud and SaaS platforms.[50]

In 2021, TCS underwent a millennial rebranding, and the company updated its tagline from "Experience Certainty" to "Building on Belief".[51] In 2021, Tata Consultancy Services was also one of the largest job providers in India, hiring 43,000 new employees in the first half of the fiscal year 2021–22.[52]

Acquisitions

[edit]
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.[53] [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]
TCS Management November 2006 IT Services Australia $13m 35 Access to Australian clients. [71][72]
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. [73]
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. [74][75]
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. [76]
Computational Research Laboratories August 2012 High Performance Computing India $34m 80 Acquire expertise in High Performance Computing (HPC) applications and Cloud services. [77][78]
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. [79]
BridgePoint Group November 2018 Management consulting United States Acquire expertise in US retirement services. [80][81][82]
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 had already been their partner in IT services. [83]
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. [84]

Operations

[edit]
Tata Consultancy Services building in SIPCOT, Siruseri, Chennai
Tata Consultancy Services, Deccan Park campus in Hyderabad

As of September 2023, TCS had a total of 51 subsidiary companies in 55 countries.[85][86] As of 2024, Tata Consultancy Services (TCS) operates from over 50 countries and more than 500 offices globally.[87] In India, TCS has multiple delivery centers in major cities, including Mumbai, Bangalore, Chennai, and Hyderabad.[88] It has significant operations in key markets such as the United States, United Kingdom, Canada, Australia, and Singapore.[89][90]

TCS BPS

[edit]

TCS BPS (Business Process Services) is the third-largest India-based IT outsourcing company (after Capgemini).[91] The BPS division had revenues of US$1.44 billion in FY 2012–13, which was 12.5% of the total revenue of TCS.[92][93] 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%.[94] The firm has also opened a business process outsourcing facility in the Philippines.[95]

Life sciences and healthcare

[edit]

Since 2006, TCS has signed large contracts with American biopharmaceutical majors including Pfizer and Eli Lilly for providing clinical research-data management, biostatistics, and medical writing services.[96][97][98] TCS also provides services to European biopharmaceutical corporations such as Roche and Novartis in the areas of clinical data management, biostatistics, clinical programming, pharmacovigilance, and RWE support towards global drug development efforts.[99][100][101]

Tata Research Development and Design Centre

[edit]
Main article: 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 digitization and optimization tools),[102] 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.[103] 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.[104] This product has been marketed in India as Tata Swach, a low-cost water purifier.[105]

Innovation labs

[edit]
Tata Innovation Center at Cornell Tech campus in New York City

In 2007, TCS launched its co-innovation network, a network of innovation labs, start-up alliances, university research departments, and venture capitalists.[106][107] In addition, TCS has 19 innovation labs based in three countries.[108] 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.[109]

Employees

[edit]

Tata Consultancy Services (TCS) is one of the largest private-sector employers in India,[110] and ranks as the fourth-largest employer among listed Indian companies, following Indian Railways, Indian Army, and India Post.[111] As of 8 July 2022, TCS had over 600,000 employees.[112][113][114][115][116] As of 31 March 2013, the number of non-Indian nationals employed by TCS was 21,282, representing 7.7% of the workforce.[112][117]

For the fiscal year 2012–13, TCS's employee costs amounted to US$4.38 billion, which constituted approximately 38% of the company's total revenue for that period.[118] During the same fiscal year, TCS recruited 69,728 new staff members, with 59,276 based in India and 10,452 located elsewhere.[112] The employee attrition rate for that period was 10.6%, and the average age of a TCS employee is 28 years.[112] The employee utilization rate, excluding trainees, for the fiscal year 2012–13 was 82%.[112]

In 2008, TCS was the fifth-largest recipient of H-1B visas in the United States, following Infosys, Cognizant, Wipro, and Satyam.[119][120][121] In 2012, TCS and other Tata Group companies were the second-largest recipients of H-1B visas.[122][11]

Subramaniam Ramadorai, the former CEO of TCS, authored an autobiographical book titled The TCS Story...and Beyond about his experiences with the company.[123]

List of CEOs

[edit]
  • F. C. Kohli, co-founder and first CEO and MD of TCS from 1968 to 1996, known as the "Father of the Indian IT Industry"
  • Subramaniam Ramadorai, CEO and MD of TCS from 1996 to 2009, and Vice-Chairman until 6 October 2014
  • Natarajan Chandrasekaran, COO, Executive Director, and CEO of TCS from 2009 to 2017
  • Rajesh Gopinathan, CEO and MD of TCS from 2017 to May 2023
  • K. Krithivasan, CEO and MD of TCS since 1 June 2023[124]

Sponsorships

[edit]

TCS is the title sponsor for Toronto Waterfront Marathon, London Marathon, Amsterdam Marathon, Mumbai Marathon, Lidingöloppet, and New York City Marathon[125][126] and one of the sponsors of City2Surf, Australian Running Festival, Berlin Marathon, Chicago Marathon, and Boston Marathon.[127] In India, it is the title sponsor of World 10K held in Bangalore every year.[128]

TCS has been a sponsor of the Indian Premier League team Rajasthan Royals since 2009.[129] It also provides the team 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.[130][131]

TCS conducts an annual IT quiz for high school students called TCS IT Wiz.[132] TCS also currently sponsors Jaguar Racing in Formula E and Nakajima Racing in Super Formula.[133]

Controversies

[edit]

Class action lawsuit in the US

[edit]

On 14 February 2006, the US law firm Lieff Cabraser filed a nationwide class action lawsuit against TCS concerning payments to employees on deputation.[134] This lawsuit was filed on behalf of all non-US citizens employed by TCS in California from 14 February 2002 to 30 June 2005. The workers alleged that they were compelled to forfeit their federal and state tax refunds to their employer and that their Indian salaries were wrongfully deducted from their US pay.[135] On 22 February 2013, TCS agreed to settle the class-action suit for $30 million.[136] In July 2013, Judge Claudia Wilken of the US District Court, Northern District of California in Oakland, California, granted final approval for the settlement of the lawsuit.

Trade secret lawsuit

[edit]

In a lawsuit filed in October 2014 in the US District Court in Madison, Epic Systems accused TCS and Tata America International Corp of "brazenly stealing the trade secrets, confidential information, documents, and data" belonging to Epic. This lawsuit was amended in January and December 2015. In April 2016, a US grand jury imposed a US$940 million fine on TCS and Tata America International Corp in the trade secret case,[137] which was reduced to US$420 million in 2017.[138] In 2020, an appeals court ruled that the US$280 million in punitive damages was "constitutionally excessive", but upheld the remaining portion of US$140 million in compensatory damages.[139] The case concluded in November 2023, with TCS agreeing to pay US$125 million.[140]

Sexual harassment allegations

[edit]

In 2019, an employee filed a complaint with the Kancheepuram labour court,[141] alleging that Tata Consultancy Services' internal complaints committee mishandled[142] a sexual harassment case. Despite the case being approved, there has been no significant progress over the years, with the worker accusing the company of delaying investigations.[143] The worker has also reported unexplained transfers[144] and other forms of alleged workplace retribution, including in performance reviews.[145]

See also

[edit]

References

[edit]
  1. ^ a b c "Tata Consultancy Services Consolidated Profit & Loss account, Tata Consultancy Services Financial Statement & Accounts" (PDF). www.tcs.com.
  2. ^ a b "Tata Consultancy Services Consolidated Balance Sheet, Tata Consultancy Services Financial Statement & Accounts" (PDF). www.tcs.com. Retrieved 12 April 2024.
  3. ^ "TCS reports dip in Q4 hiring". Retrieved 12 April 2024.
  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. ^ "Company Profile". Tata Consultancy Services. Retrieved 16 August 2024.
  7. ^ "Tata Consultancy Services - Fortune 500 List 2024 - Fortune India". www.fortuneindia.com. Retrieved 16 August 2024.
  8. ^ "TCS 2nd Indian company to hit $200 billion mcap after RIL". The Times of India. 16 September 2021.
  9. ^ "TCS Market Capitalization Hits $200 Billion As Shares Jump To Fresh Highs". 15 September 2021.
  10. ^ Krishnan, Raghu (15 September 2021). "TCS first Indian tech company to cross $200 billion market cap". The Economic Times.
  11. ^ a b "The data shows: Top H-1B users are offshore outsourcers". ComputerWorld. 14 February 2013. Retrieved 8 September 2013.
  12. ^ Agarwal, Nikhil (21 March 2024). "Tata Sons confirms selling 2.34 crore shares of TCS in block deal". The Economic Times. Retrieved 13 September 2024.
  13. ^ "Tata Sons repays Rs 20,000-crore debt to 'avoid' going public: Reduces stake in TCS and more". The Times of India. 7 September 2024. Retrieved 13 September 2024.
  14. ^ "Corporate Facts". TCS. Retrieved 3 September 2013.
  15. ^ "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry". Case Study. ICMR. 1 January 1990. Retrieved 8 September 2013.
  16. ^ "Indian software keeps Swiss securities safe". Swissinfo.com. 14 January 2002. Archived from the original on 12 September 2012.
  17. ^ "TCS acquires TKS Teknosoft". The Financial Express. 11 January 2006.
  18. ^ Kanavi, Shivanand (20 June 2004). "Megasoft". Business India: 46–54.
  19. ^ "IT Man of the Year: Standing Tall". Cover Story. Dataquest India. 22 December 2004. Archived from the original on 28 January 2008.
  20. ^ "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.
  21. ^ "Statupwala – TCS. Beyond the Obvious". www.startupwala.com. Retrieved 16 June 2022.
  22. ^ "Business Standard – 'No one ever wrote a book about TCS'". Business Standard India. 17 September 2011. Retrieved 16 June 2022.
  23. ^ "Tcs Enters Into Bio-Informatics". Business Standard. 28 August 2001. Retrieved 10 October 2024.
  24. ^ "TCS launches the country's first bioinformatics product". The Indian Express. 8 February 2004. Archived from the original on 16 August 2004.
  25. ^ "TCS is India's first billion-dollar IT major". Rediff.com. 20 June 2003. Retrieved 10 October 2024.
  26. ^ "With $100 billion m-cap, TCS is an outlier". The Economic Times. 24 April 2018.
  27. ^ "Star Performer Goes Public". Editorial. Chennai, India: The Hindu. 14 June 2004. Archived from the original on 18 June 2004. Retrieved 13 February 2009.
  28. ^ "Tata Infotech merges with TCS at 2:1 swap". Business Standard. 16 July 2005. Retrieved 10 October 2024.
  29. ^ "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". www.businessinsider.in. Retrieved 16 June 2022.
  30. ^ "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.
  31. ^ Kanavi, Shivanand (20 June 2004). "Megasoft". Business India: 52.
  32. ^ "Eye on future, TCS in revamp mode". Hindustan Times. 12 February 2008.
  33. ^ "TCS targets SME market with cloud computing". Computer Weekly. 15 February 2011.
  34. ^ "TCS overtakes RIL as country's most valued firm – PTI". Moneycontrol.com. 30 December 2011. Retrieved 3 September 2013.
  35. ^ "TCS beats $10-bn revenue mark in FY12". Business Standard. 24 April 2012. Retrieved 3 September 2013.
  36. ^ TCS News & Events: Press Release: Department of Posts Awards Core System Integrator project to TCS. TCS.com. Retrieved 6 December 2013.
  37. ^ "TCS joins top 10 global IT services companies club". The Times of India. Retrieved 2 July 2015.
  38. ^ "TCS first Indian company to top Rs 5 lakh crore market cap". Times of India. 24 July 2014.
  39. ^ "TCS Crosses Rs.5 Lk Cr Market Cap". Bloomberg TV India. 24 July 2014. Archived from the original on 23 September 2015.{{cite news}}: CS1 maint: unfit URL (link)
  40. ^ "TCS ends RIL's 23-year run as most profitable firm". Times of India. 20 January 2014.
  41. ^ "TCS partners with Aurus to enhance Omnichannel payment solutions with OmniStore". Retrieved 17 January 2017.
  42. ^ "Tata Consultancy Services Ltd". Business Standard India. Retrieved 27 June 2018.
  43. ^ "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.
  44. ^ "Tata Consultancy Services Ltd". Business Standard India. Retrieved 23 May 2019.
  45. ^ "TCS surpasses Accenture in m-cap to become world's most-valuable IT company". The Economic Times. Retrieved 13 October 2020.
  46. ^ "TCS briefly beats Accenture to become the world's largest IT company".
  47. ^ "TCS Surpasses Reliance Industries To Become Country's Most Valued Company". 25 January 2021.
  48. ^ Macdonald, Ayang (23 March 2021). "Neurotechnology to provide biometric de-duplication software for India's Aadhaar program". www.biometricupdate.com. Retrieved 17 October 2022.
  49. ^ "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.
  50. ^ a b Sangani, Priyanka. "TCS says its platforms and products business is worth about $3 billion". The Economic Times. Retrieved 2 May 2022.
  51. ^ "The Times of India – TCS unveils new brand statement 'Building on Belief'". The Times of India. 30 March 2021. Retrieved 16 June 2022.
  52. ^ Sangani, Priyanka. "TCS hires 43,000 freshers in H1 FY22, plans to add 35,000 in H2". The Economic Times.
  53. ^ [1]
  54. ^ "TCS outlines vision for CMC". The Hindu. Chennai, India. 17 October 2001. Archived from the original on 5 January 2004. Retrieved 7 September 2013.
  55. ^ "TCS acquires CMC". Tata Group. 17 October 2001. Archived from the original on 25 May 2013. Retrieved 7 September 2013.
  56. ^ "TCS to consolidate market leadership through CMC acquisition". Tata Group. 17 October 2001. Archived from the original on 24 May 2013. Retrieved 7 September 2013.
  57. ^ "TCS buys 75.1% stake in AFS from Swissair". Rediff.com. 5 June 2003. Archived from the original on 13 March 2005. Retrieved 17 February 2009.
  58. ^ "TCS acquires Swissair stake in BPO jt venture". The Hindu. 7 May 2003. Retrieved 7 September 2013.
  59. ^ "Tata acquires Phoenix India arm". ComputerWeekly.com. 11 May 2004.
  60. ^ "TCS acquires Phoenix Global". Tata Group. 11 May 2004. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  61. ^ "Tata Consultancy Services Limited" (PDF). Indian Brand Equity Foundation. 23 October 2006. Retrieved 7 September 2013.
  62. ^ "Annual Report 2005-06" (PDF). TCS. May 2005. Retrieved 7 September 2013.
  63. ^ "TCS to buy Pearl Group's life insurance, pension units". Economic Times. 19 October 2005. Archived from the original on 7 September 2013. Retrieved 7 September 2013.
  64. ^ "TCS – Acquisition spree". Tata Group. 9 November 2005. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  65. ^ "TCS acquires Sydney-based FNS for US$ 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". Tata Group. 16 July 2005. Archived from the original on 2 June 2013. Retrieved 7 September 2013.
  70. ^ "Tata Infotech, TCS to merge". Indian Express. 16 July 2005. Retrieved 7 September 2013.
  71. ^ "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.
  72. ^ "TCS acquires Australian consultancy firm". Economic Times. 8 November 2006. Archived from the original on 4 May 2013. Retrieved 7 September 2013.
  73. ^ "TCS acquires Swiss firm TKS-Teknosoft". Financial Express. 1 November 2006. Retrieved 7 September 2013.
  74. ^ "Tata Consultancy Services to Acquire Citigroup Global Services". Bloomberg.com. 8 October 2008. Retrieved 8 September 2013.
  75. ^ "TCS takes a lead, but deal raises a few concerns". Economic Times. 9 October 2008. Archived from the original on 28 December 2013. Retrieved 8 September 2013.
  76. ^ "TCS buys captive unit of SuperValu". Times of India. 16 September 2010. Archived from the original on 22 June 2013. Retrieved 8 September 2013.
  77. ^ "TCS to buy tech startup 'Computational Research Labs' for $34 million". Economic Times. 16 August 2012. Archived from the original on 28 December 2013. Retrieved 8 September 2013.
  78. ^ "TCS buys high performance computing start-up for Rs 188 cr". The Hindu. 16 August 2012. Retrieved 8 September 2013.
  79. ^ "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.
  80. ^ Majumdar, Romita (28 November 2018). "TCS' second acquisition this month, acquires US-based BridgePoint Group". Business Standard India. Retrieved 5 September 2019.
  81. ^ Agarwal, Varun (28 November 2018). "TCS acquires US management consulting firm BridgePoint Group". @businessline. Retrieved 5 September 2019.
  82. ^ "TCS acquires US-based BridgePoint Group". Live Mint. Live Mint. 28 November 2018. Retrieved 5 September 2019.
  83. ^ "Tata übernimmt Postbank Systems" (in German). Retrieved 9 November 2020.
  84. ^ Slattery, Laura (12 November 2020). "Tata Consultancy Services agrees to buy Donegal-based Pramerica".
  85. ^ "Integrated Annual Report 2020-21" (PDF). TCS. p. 51.
  86. ^ "List of Tata Consultancy Services' Subsidiaries Worldwide". www.tcs.com. Retrieved 18 November 2023.
  87. ^ "TCS Locations". Tata Consultancy Services. Retrieved 16 August 2024.
  88. ^ "TCS in India". Tata Consultancy Services. Retrieved 16 August 2024.
  89. ^ "TCS Global Presence". Tata Consultancy Services. Retrieved 16 August 2024.
  90. ^ "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.
  91. ^ "Top 15 BPO companies". NASSCOM. Archived from the original on 11 May 2012. Retrieved 6 September 2013.
  92. ^ "Press Release Indian GAAP Q4 2012-13" (PDF). TCS. 17 April 2013. Retrieved 3 September 2013.
  93. ^ "TCS Institutional Ownership - TATA CONSULTANCY SERVICES LTD. Stock". fintel.io. Retrieved 2 May 2020.
  94. ^ "Consolidated Historical Financials". TCS. Archived from the original on 27 September 2013. Retrieved 3 September 2013.
  95. ^ "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.
  96. ^ "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.
  97. ^ "TCS wins $35 mn Eli Lilly contract". timesofindia-economictimes. 13 November 2006. Archived from the original on 3 July 2015. Retrieved 2 July 2015.
  98. ^ "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.
  99. ^ "Tata bags major BPO deal with Roche". Outsourcing-Pharma.com. 4 September 2007. Archived from the original on 16 June 2015. Retrieved 2 July 2015.
  100. ^ "TCS to support Roche's initiative". The Hindu. Chennai, India. 5 September 2007. Retrieved 2 July 2015.
  101. ^ "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.
  102. ^ "TCS Mastercraft Suite of Products". Tata Consultancy Services. 1 October 2012. Archived from the original on 21 September 2012. Retrieved 3 October 2012.
  103. ^ "When Outsourcing Loses Human Element". International Herald Tribune. 27 May 2005. Archived from the original on 11 February 2006. Retrieved 17 February 2009.
  104. ^ "Improving Our World – IEEE Annual Report(page 4)" (PDF). IEEE. 2005. Archived from the original (PDF) on 4 March 2009. Retrieved 17 February 2009.
  105. ^ "Tata launches 'Swach' water filters". Deccanherald. 7 December 2009. Archived from the original on 2 March 2010. Retrieved 12 August 2010.
  106. ^ "TCS launches its Co-Innovation Network". Financialexpress.com. 18 January 2007. Archived from the original on 15 June 2013. Retrieved 16 July 2010.
  107. ^ "The TCS Co-Innovation Network". TCS. Archived from the original on 20 September 2013. Retrieved 6 September 2013.
  108. ^ "Innovation Labs". TCS. Archived from the original on 11 July 2010. Retrieved 16 July 2010.
  109. ^ "Co-Innovation Network". TCS. Archived from the original on 19 July 2010. Retrieved 26 July 2010.
  110. ^ "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.
  111. ^ "India's eight biggest employers". The Economic Times. Archived from the original on 10 September 2018. Retrieved 27 October 2018.
  112. ^ a b c d e "Annual Report 2012–2013" (PDF). Tata Consultancy Services. Retrieved 3 September 2013.
  113. ^ "Top five takeaways: What powered TCS to beat Street estimates on Q3 earnings". The Economic Times. 12 January 2017. Archived from the original on 12 January 2017. Retrieved 12 January 2017.
  114. ^ "Can TCS grow to 5,00,000 employees? Or will linear staff growth start impacting results? - Firstpost". www.firstpost.com. 19 April 2014.
  115. ^ Ramanthan, Arundhati; Sen, Anirban (31 March 2013). "TCS behind only IBM in employee strength". Archived from the original on 13 January 2017. Retrieved 12 January 2017.
  116. ^ "TCS crosses 500,000 headcount". The Economic Times. Retrieved 13 July 2021.
  117. ^ "TCS non-Indian employee number crosses 21,000". Business Standard. 7 June 2013. Retrieved 3 September 2013.
  118. ^ "Annual Report 2012-13 US GAAP/IFRS" (PDF). TCS. 17 April 2013. Retrieved 3 September 2013.
  119. ^ "Top 8 IT Companies in India". Yadnya Investment Academy. December 2018. Archived from the original on 28 October 2021.
  120. ^ "Indian Firms, Microsoft Top H-1B List". News. Businessweek. 24 February 2009. Archived from the original on 16 September 2012. Retrieved 8 September 2013.
  121. ^ "Indian Outsourcing Companies Top H-1B Visa List". eWeek.com. 2 March 2009. Retrieved 8 September 2013.
  122. ^ "Top 10 H1B visa recipients outsource American jobs overseas: Report". The Hindu. 20 February 2013. Retrieved 8 September 2013.
  123. ^ "TCS: the complete story". Business Standard. 21 September 2011. Retrieved 6 September 2013.
  124. ^ "Read TCS New CEO K Krithivasan's First Email To Employees". Indiatimes.com. 5 June 2023. Retrieved 5 June 2023.
  125. ^ Partners Lidingöloppet. Retrieved on 29 November 2022.
  126. ^ TCS title sponsor for New York Road Runners. Business Standard (3 October 2013) Retrieved on 6 December 2013.
  127. ^ "About TCS – Corporate Facts – Sponsorships". TCS. Retrieved 6 September 2013.
  128. ^ "10 Things you must know about TCS World 10K Marathon 2015". news.biharprabha.com. 16 May 2015. Retrieved 16 May 2015.
  129. ^ "Archive News". The Hindu.
  130. ^ "TCS is Rajasthan Royals' tech partner".
  131. ^ "Tata Consultancy Services enters the Indian Premier League". Archived from the original on 1 May 2013. Retrieved 6 April 2012.
  132. ^ "TCS IT Wiz - India's biggest inter-school IT Quiz". www.tcsitwiz.com. Archived from the original on 11 October 2007.{{cite web}}: CS1 maint: unfit URL (link)
  133. ^ "How TCS boosts motorsport with IT into Super Formula's next era". Motorsport.com. 15 July 2022. Retrieved 10 October 2024.
  134. ^ "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.
  135. ^ "TCS faces class-action lawsuit in US". MSN News. 4 April 2012. Archived from the original on 7 May 2013. Retrieved 20 February 2013.
  136. ^ "TCS to pay $30 million to settle employee class action suit in US". The Economic Times. 28 February 2013. Retrieved 10 October 2024.
  137. ^ "US jury slaps $940 million fine on TCS, Tata America International Corp in trade secret case". The Economic Times. 16 April 2016.
  138. ^ "US court trims fine on TCS to $420 mn in Epic Systems suit". The Times of India. 1 October 2017. Retrieved 10 October 2024.
  139. ^ "US court held punitive damages award of $280 mn in Epic Systems case as "excessive": TCS". Hindustan Times. Retrieved 10 October 2024.
  140. ^ TURNER, BROCK (21 November 2023). "Epic to get $125M from 2014 lawsuit". Modern Healthcare. Retrieved 27 November 2023.
  141. ^ "Sexual Harassment Case: TCS Employee Alleges Denial of Justice by ICC". NewsClick. 24 July 2019. Retrieved 11 September 2023.
  142. ^ TNM (21 November 2020). "Activists call on TN CM to fast track MeToo case against TCS techie". The News Minute. Retrieved 11 September 2023.
  143. ^ "Nearing 4 Years and After 40 Hearings, No Relief for TCS Sexual Harassment Survivor". NewsClick. 17 March 2023. Retrieved 11 September 2023.
  144. ^ Rao, Manasa (14 January 2020). "TCS techie alleges she's been transferred for making sexual harassment complaint". The News Minute. Retrieved 11 September 2023.
  145. ^ "3 Years On, No Justice For TCS Employee Who Accused Boss Of Sex Assault". NDTV.com. Retrieved 11 September 2023.
[edit]
Wikimedia Commons has media related to Tata Consultancy Services.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Tata_Consultancy_Services&oldid=1255308295"