The Global Pool : Role of TCS in Shaping the Future of Technology

Introduction to Tata Consultancy Services (TCS)

Tata Consultancy Services (TCS) is India’s largest software services company and a global leader in providing IT services, consulting, and business solutions; it is a part of the Tata Group and operates in across 55 countries. It is the second-largest Indian company by market capitalization, and the world’s largest IT services provider.

Incorporation – Tata Consultancy Services Limited, originally known as Tata Computer Systems, was established in 1968 by Tata Sons Limited Jehangir Ratanji Dadabhoy Tata (J.R.D.Tata) Headquartered in Mumbai.

Worldwide Locations – Tata Consultancy Services has offices in over 55 countries, including the India, the United Kingdom, Germany, France, Japan, Australia, China, United States, Singapore, Canada, Italy, Mexico, Brazil, Ireland, South Africa, the Netherlands, and many more.

Mission / Vision of TCS

Mission

To help customers achieve their business objectives by providing innovative, best-in-class consulting, IT solutions and services. To make it a joy for all stakeholders to work with them.

Vision

TCS vision is to decouple business growth and ecological footprint from its operations to address the environment bottom-line. The green approach is embedded in our internal processes and services offerings. From green buildings to green IT to a green supply chain, and grows sustainably and helps our customers achieve sustainable growth through our green solutions and service offerings.

Founder Details

Jehangir Ratanji Dadabhoy Tata (29 July 1904 – 29 November 1993) was an Indian industrialist, philanthropist, aviator and former chairman of Tata Group. Born Indian Parsi family in Paris, he was the son of noted businessman Ratanji Dadabhoy Tata, he is best known for being the founder of several industries under the Tata Group, including Tata Consultancy Services, Tata Motors, Titan Industries, Tata Salt, Voltas and Air India.

• About Education

His educational journey took him from the Janson De Sailly School in Paris to the Cathedral and John Connon School in Mumbai. Although he aimed to study engineering at the University of Cambridge, Tata got educated in London, Japan, France, and India. He returned to India in 1925 to take the reins of the family business.

• About Career

When Tata was in tour, he was inspired by his friend’s father, aviation pioneer Louis Blériot, the first man to fly across the English Channel, and took to flying. He started his career as a member of the Squadron in a regiment called Le Saphis in the French Army. Being well educated young Tata knew how to speak, read and type in French and English—a detail that got him posted as a secretary in the office of the colonel. In July 1932, he formed the Aviation department of Tata & Sons which came to be known as Tata Airlines and later became Air India. It was once the largest airlines in the Indian subcontinent. He was elected the chairman of Tata & Sons in 1938 when he was just 34 years old. He became the head of the largest industrial group in India and led his group to great financial success while maintaining high ethical standards. He served as the trustee of the Sir Dorabji Tata Trust from 1932 and helped to establish the Tata Memorial Center for Cancer, Research and Treatment in 1941.

• About Awards & Achievements

He was the proud recipient of several international awards for aviation including The Tony Jannus Award 1979, and Edward Warner Award of the International Civil Aviation Organisation, Canada 1986, and  Legion of Honour 1982, received the  Daniel Guggenheim Medal 1988. He was awarded India’s highest civilian honour, the Bharat Ratna in 1992 for his selfless service towards humanity, and received the Padma Vibhushan in 1955.

Services of TCS

The company offers a wide range of services including IT consulting, Enterprise solutions, Software application development, Infrastructure management, and Assurance services.TCS has made significant strides in the field of innovation by leveraging emerging technologies such as artificial intelligence (AI), machine learning (ML), blockchain, Internet of Things (IoT), and cloud computing to drive digital transformation for businesses across various industries. The company’s extensive portfolio includes industry-specific solutions for banking & financial services, retail & consumer goods, healthcare, manufacturing, telecommunications, media & entertainment among others. TCS also provides its clients with platforms like ignio™ – an AI-driven automation platform; Quartz™ – a unified modular suite for capital markets, and TAP™ – a cloud-based talent management solution, and more.

TCS – Growth & Revenue

TCS’s revenue for FY24 grew by 4.1%, reaching $29.08 billion.This growth was considered one of the best among large-cap IT firms, though it marked one of the lowest annual growth rates for TCS in recent history.

For the 2023 fiscal year, TCS’s revenue reached INR 2.388 trillion, up from INR 2.168 trillion in 2022. Quarterly revenue for Q4 FY24 was reported at $7.36 billion, showing a sequential increase of 1.1%.Net profit for FY24 stood at $5.62 billion, marking a 7.7% increase from FY23’s $5.22 billion.TCS also reported a 6.4% increase in net profit for Q4 FY24, reaching $1.5 billion.

IPO Details of TCS

The Initial Public Offering (IPO) of Tata Consultancy Services Limited was launched in July 2004 and listed on the BSE and NSE on 25 August 2004. TCS IPO was launched at a fixed price of ₹850, and one lot of TCS IPO comprised seven company shares. So, the minimum investment of TCS share allottees who got a share through the share allocation process was ₹5,950.

TCS – Mergers and Acquisitions

Tata Consultancy Services (TCS) has made 18 notable acquisitions.

Tata Consultancy Services – Awards and Recognitions

TCS a global leader in IT services, consulting, and business solutions, has been awarded the Best Employer Brand in the Corporate Sector at the LinkedIn Talent Awards 2024.The company has won the 2023 Microsoft Partner of the Year Award in the category MVP Industry Solutions Global Systems Integrator (GSI).TCS has won the National Intellectual Property Award 2023 in the category ‘Top Public Limited Company for Patents Filing, Grant & Commercialization in India in the field of Service/Others Sector’ and the World Intellectual Property Organization’s (WIPO) National Award for Enterprises. The company wins the 2021 CIO 100 Award for Workplace Resilience Solution Developed During Pandemic, and  TCS Recognized with IoT Breakthrough Award for its Intelligent Urban Exchange Software for Workplace Resilience in 2021.

 Competitors of Tata Consultancy Services

• Tech Mahindra Ltd
• HCL Technologies Ltd
• LTIMindtree Ltd
• Wipro Ltd
• Accenture
• Infosys

Conclusion

TCS has firmly established itself as a global IT services behemoth and is renowned for its robust financial position, large talent pool, and wide range of services. The company’s focus on new technologies and flexibility in adapting to changing  markets have been important for its success. Despite facing intense competition and economic uncertainties, TCS carries out its business operations efficiently. To maintain its leadership, the company must invest in research and development, build strong client relationships, and effectively manage risks.

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