Tata Consultancy Services
From Freepedia
| Type | Public |
| Founded | 1968 |
| Location | Mumbai, India |
| Key people | Ratan Tata, Chairman of the Board Ramadorai S , CEO |
| Industry | Information Technology |
| Products | See complete products listing. |
| Revenue | US $ 2.28 Billion |
| Employees | ~45,000 (2005) |
| Website | [[1]] |
Contents |
Tata Consultancy Services Limited
Tata Consultancy Services Limited (TCS) is an Indian information technology, consulting, services and business-process outsourcing organization which commenced operations in 1968. It is currently Asia's largest IT services firm with revenues of US $2.28 Billion for Financial Year 2004-2005. As of 2005 it has the largest number of employees among all the Indian IT companies (over 50000). It has posted a net profit of Rs. 2,052 crore for the Financial Year 2004-2005. Ever since its inception, TCS has pioneered the offshore delivery model for IT services. Now, with a presence in 34 countries across 5 continents, & a comprehensive range of services across diverse industries, TCS is one of the world's leading Information Technology companies. Seven of the Fortune Top 10 companies are among its customers.
TCS is part of one of Asia's largest conglomerates - the TATA Group - which, with its interests in Energy, Telecommunications, Financial Services, Chemicals, Engineering & Materials to name a few. TCS was conferred the best IT employer award by Hewitt Associates and best place to work award by Dataquest. CEO Ramadorai got the Businessman of the Year award from Business India in 2004.
Maitree is the social service wing of TCS.
History
Tata Consultancy Services was started in 1968. Mr. F.C.Kohli who was overseeing the punch corporate operation of Tisco,a TATA company ,realised the potential in the need to provide solutions to its clients as well.TCS was started as a separate entity to address this market need.TCS has not looked back since then. TCS is credited with bringing the software industry in to India . Ratan Tata is a parsi.
The Company
TCS provides high end IT solutions to major corporations world-wide, and also provides business-consulting services. As of 2005, with a presence in 34 countries across 5 continents and a comprehensive range of services across diverse industries, TCS is one of the world's leading Information Technology companies with Revenues of $2.28 Billion USD. Seven of the Fortune Top 10 companies are among its customers.TCS has a vision to break into the Top 10 consulting firms in the world by 2010.
TCS is part of India's second largest business conglomerate - the TATA Group - which has interests in Energy, Telecommunications, Financial Services, Chemicals and Engineering & Materials.
The company was a privately held entity till June 2004, when it went public on the Bombay Stock Exchange and National Stock Exchange of India.The IPO of TCS was a landmark event in the history of Indian economy.
Subramaniam Ramadorai is the current CEO of the company, and has taken over from Dr. Fakir Chand Kohli (who is considered to be the Grand-sire of Indian IT industry). Ratan Tata is the current chairman.
TCS won the Rajiv Gandhi National Quality Award (RGNQA) for 2003. In 2004, it won the JRD QV award for Business Excellence.
In August 2004, TCS became the world's first organization to achieve an integrated Enterprise wide Maturity Level 5 on both the Capability Maturity Model Integration (CMMI) and the People CMM (PCMM).
TCS has a vision to be among the Top 10 companies by the year 2010. The company's corporate headquarters is located at Air-India building at Nariman Point, Mumbai, India.
Business Areas
TCS serves the following industry and business areas:
- Banking
- Life Sciences
- Insurance
- Media and Entertainment
- Manufacturing
- Telecom
- Retail and Consumer goods
- Energy and Utility
- Transportation
TCS has recently bagged an application maintenance project from ABN Amro worth US$250 million, which is the largest deal signed by an Indian IT Company.TCS has also successfully implemented E-governance projects in various states like Andhra Pradesh.
Prominent Business Units
Tata Research Development and Design Center (TRDDC)
The TRDDC unit is the center for R&D work, mostly for Internal use of TCS. The products developed are focussed on the software development life-cycle, and include Modelling and Code Generation tools.
Active work is going on to integrate the products into the popular Eclipse Integration Framework.
In addition, TRDDC is also involved in the areas of language processing, formal methods, and research on Artificial Intelligence and Decision Support.
On account of the ongoing diversification effort, the other centers situated in India have also began R&D facilities, The center in Hyderabad carries out work on Security related issues.
Indian Branches
TCS has branches in the following Indian cities: Mumbai, Chennai, Kolkata, Delhi, Hyderabad, Bangalore, Thiruvananthapuram,Lucknow, Ahmedabad, Pune and Jamshedpur. As of 2005, It plans to open new offices in Kochi, Bhubaneshwar and Mohali.
Global Units
TCS is present all over the world. It has offices in about 35 countries including USA, UK, Brazil, China, Japan, Hungary, Germany, UAE, South Africa, Uruguay, Portugal, Singapore, Australia, France and many more .
Products
Major products include:
- Quartz - a banking solution
- Mastercraft - A modelling and code engineering tool
- EX - a financial application
