Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company Headquartered in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and operates in 46 countries. TCS Limited was founded in 1968 by a division of Tata Sons Limited. Its early contracts included punched card services to sister company TISCO (now Tata Steel), working on an Inter-Branch Reconciliation System for the Central Bank of India,and providing bureau services to Unit Trust of India.
In 1975, TCS delivered an electronic depository and trading system called SECOM for the Swiss company SIS SegaInterSettle (deutsch); it also developed System X for the Canadian Depository System and automated the Johannesburg Stock Exchange. It associated with a Swiss partner, TKS Teknosoft, which it later acquired.
In 1980, TCS established India's first dedicated software research and development centre, the Tata Research Development and Design Centre (TRDDC) in Pune. In 1981, it established India's first client-dedicated offshore development centre, set up for clients Tandem. TCS later (1993) partnered with Canada-based software factory Integrity Software Corp, which TCS later acquired.
In anticipation of the Y2K bug and the launch of a unified European currency (Euro), Tata Consultancy Services created the factory model for Y2K conversion and developed software tools which automated the conversion process and enabled third-party developer and client implementation.
On 25 August 2004, TCS became a Publicly Listed Company.
In 2005, TCS became the first India-based IT services company to enter the bioinformatics market. In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation. By 2008, its e-business activities were generating over US$500 million in annual revenues.
TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings. On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India-based company. In the 2011/12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time.
In May 2013, TCS was awarded a six-year contract worth over 1100 crores to provide services to the Indian Department of Posts. In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies and in July 2014, it became the first Indian company with over Rs 5 lakh crore market capitalization. TCS has 289 offices across 46 countries and 147 delivery centers in 21 countries. At the same date TCS had a total of 58 subsidiary companies.
In Jan 2015, TCS ends RIL's 23-year run as most profitable firm
In Jan 2017, the company announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform.
TCS is one of the largest Indian companies by market capitalization ($80 billion). TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide. TCS alone generates 70% dividends of its parent company, Tata Sons. In 2015, TCS is ranked 64th overall in the Forbes World's Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company.
It is the world's 9th largest IT services provider by revenue. As of December 2015, it is ranked 10th on the Fortune India 500 list.
On 12 January 2017, N.Chandrashekaran was elevated as the chairman for Tata Sons .
Acquisitions By Company
CMC Limited 2001 October
Airline Financial Support Services India (AFSI) 2004 January
Aviation Software Development Consultancy India (ASDC) 2004 March
Phoenix Global Solutions 2004 May
Swedish Indian IT Resources AB (SITAR) 2005 May
Pearl Group 2005 October
Financial Network Services (FNS) 2005 October
Comicrom 2005 November
Tata Infotech 2006 February
TCS Management 2006 November
TKS-Teknosoft 2006 November
Citigroup Global Services Limited 2008 December
Supervalu Services India 2010September
Computational Research Laboratories 2012 August
Alti SA 2013 April
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