|Feb 23, 2018|
|Feb 23, 2018|
Currency in INR
Information Technology Services
|Full time employees:||387,223|
Tata Consultancy Services Ltd. engages in the provisions of information technology services, and digital and business solutions. It operates through the following segments: Banking, Financial Services, and Insurance; Manufacturing; Retail and Consumer Business; Communication, Media, and Technology; and Others. Its services also include computer programming, outsourcing, consultancy, assurance, business operations, consulting and systems integration, product engineering, technology operations, and cyber security. It also provides platforms such as advance drug development, and ERP on cloud. The company was founded in 1968 and is headquartered in Mumbai, India.
Tata Consultancy Services is a leader in India's information technology services sector and has the highest market capitalization among the country's listed companies.
The key unit of the Tata group, one of India's three iconic business groups, has 300,000 employees and serves clients in more than 40 countries. It generates over 90% of its consolidated revenue abroad. Tata Sons, the Tata group holding company, is the consultancy's largest shareholder, with a stake exceeding 70%.
Tata Consultancy Services is also something of a cash cow -- one whose earnings are poured into the group's coffers.
It first began tasting success before the turn of the century, back when India was transforming itself into an IT services powerhouse. In the late 1990s, computer users -- companies, governments and individuals alike -- began worrying about something that became known as the Y2K problem. It was thought that when the calendar turned over to 2000, Windows computers would default to 1900 and financial calculations would go haywire. Indian IT and outsourcing companies began receiving floods of orders from foreign companies at this time.
Tata Consultancy Services has seen more than an eightfold increase in consolidated revenues since 2004, when the company went public.
It has recently shifted its focus to upgrading its main services, such as developing specialized software for clients and taking on business process outsourcing work. It is also strengthening its development systems for a new generation of information technologies, including cloud services as well as social media and big data analysis.
In the news
Gains in IT stocks help override concerns over foreign fund outflows
February 23, 2018 8:54 pm JST
HCL Tech, Tata Consultancy advance on bets industry to perform better
February 21, 2018 9:47 pm JST
Fed's January meeting minutes to provide further cues for investors
February 21, 2018 8:38 pm JST
February 21, 2018 8:33 pm JST
Nasscom expects growth of 7%-9% for industry
February 20, 2018 9:22 pm JST
Security also high on agenda for meeting with Narendra Modi
February 20, 2018 2:10 am JST
Software exporters, drug makers among major gainers
February 8, 2018 9:13 pm JST
- Local currency
- US Dollar
|Income before tax||345,130M|
|Dividends per share||47|
|Operating cash flow||269,920M|
Currency in INR
|Income before tax||5,146.81M|
|Dividends per share||0.70|
|Operating cash flow||4,025.22M|
Currency in USD
- Chief Executive Officer, MD & Executive Director: Rajesh Gopinathan
- Chief Operating Officer & Executive Director: N. Ganapathy Subramaniam
- Chief Financial Officer: V. Ramakrishnan
- Chief Technology Officer & Vice President: K. Ananth Krishnan
- Non-Executive Director: Aarthi Subramanian
- Tata Sons Ltd.(73.5%)
- Life Insurance Corp. of India(4.1%)
- First State Investment Management (UK) Ltd.(1.4%)
- The Vanguard Group, Inc.(0.8%)
- Lazard Asset Management LLC(0.8%)
- BlackRock Fund Advisors(0.8%)
- JPMorgan Asset Management (UK) Ltd.(0.5%)
- Abu Dhabi Investment Authority (Investment Management)(0.5%)
- GIC Pte Ltd. (Investment Management)(0.5%)
- Aberdeen Asset Management (Asia) Ltd.(0.4%)
- Website: http://www.tcs.com
- Address: 9th Floor, Nirmal Building, Nariman Point, Mumbai, 400021, India
- Phone: +91.22.67789595
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