Tata Consultancy Services

Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company that is a subsidiary of Tata Group, one of India's largest conglomerates. The company was founded in 1968 and has since grown to become one of the largest IT services providers in the world, with over 450,000 employees across 46 countries as of 2021.

TCS provides a broad range of IT services, including digital and technology services, consulting, and business solutions to clients in various industries such as financial services, manufacturing, retail, and healthcare. Its services include application development, maintenance and support, infrastructure management, engineering and research and development, digital transformation, and consulting. The company also has a significant presence in the banking and financial services sector, providing services such as core banking, payments processing, and risk and compliance management.

Headquartered in Mumbai, India, TCS has a global footprint with offices and delivery centers located in North and South America, Europe, Asia-Pacific, and the Middle East. The company has received numerous awards and recognition for its contributions to the IT industry, including being ranked as the third largest employer in the IT services sector worldwide.

In addition to its business operations, TCS is committed to sustainability and social responsibility. The company has implemented various initiatives to reduce its environmental impact, including energy-efficient buildings, waste management programs, and the use of renewable energy. It also invests in community development programs, education, and healthcare initiatives, with a focus on empowering women and promoting diversity and inclusion.

Tata Consultancy Services (TCS), a subsidiary of Tata Sons, was founded in 1968 as part of the Tata Group, one of India's largest conglomerates. Initially, TCS focused on providing IT services and consulting to the Indian market. Under the leadership of Mr Fakir Chand Kohli, often referred to as the Father of Indian IT, TCS assembled a young, dynamic team of US-returned IT professionals to create a demand for downstream computer services.

In 1971, TCS secured its first external contract, which involved building inventory and stock control systems for power companies in Iran as part of an infrastructure-building programme. Two years later, TCS undertook a project to convert a hospital accounting system written in Burroughs Medium Systems COBOL to Burroughs Small Systems COBOL. Without access to a Burroughs computer, TCS developed an in-house tool to write this code and shipped it to the US, marking its first offshore delivery project.

The year 1979 saw TCS establishing its first sales office in New York, headed by S Ramadorai. The Institutional Group Information Corporation (IGIC) was one of its earliest major clients. By 1981, TCS had set up India’s first software research centre, the Tata Research Development and Design Centre (TRDDC) in Pune, realising JRD Tata’s vision. In 1982, TCS ventured into software with a data dictionary for Burroughs, eventually leading to the creation of an accounting package, EX.

In 1985, TCS established its first offshore development centre in the United States. This move marked the beginning of TCS's global expansion, with offices and development centres opening across Europe and Asia. By 1989, TCS signed a significant US$10 million deal with Swiss Securities Clearing Corporation, notable for its complexity and size.

During the 1990s, TCS capitalised on the Y2K remediation opportunity. Pioneering the concept of a software factory, TCS utilised a highly automated approach with special tools developed for the conversion, remediating approximately 700 million lines of code by 1997. In 2002, TCS signed its first US$100 million deal with GE Medical Systems, the largest single contract ever won by an Indian software services firm at the time.

TCS went public in 2004, debuting on the National Stock Exchange (NSE) and Bombay Stock Exchange with the largest initial public offering (IPO) by a private sector company, raising an impressive US$1 billion. In 2006, TCS launched the Co-Innovation Network (COIN), aimed at integrating the best technology from the start-up ecosystem to solve customer challenges. This network now includes over 2,500 start-ups and over 50 academic partners.

The following year, TCS signed its first US$1 billion deal. By 2009, TCS had introduced a cloud-based business model to provide services to life insurance companies in the UK, a value proposition so compelling that TCS has since been ranked as the number one provider in the UK market. In 2011, TCS launched iON, extending cloud-based services to small and medium businesses.

TCS became the first Indian company to sponsor the New York Marathon in 2014, a tradition that has since expanded globally. In 2016, TCS set its baseline year for measuring scope emissions as part of its goal to achieve net-zero emissions by 2030. In 2017, TCS announced the largest-ever buyback in the history of Indian capital markets (INR 1.6 billion), demonstrating its commitment to shareholders.

By 2020, TCS had become the largest agile workforce in the world, with over 545,000 agile-ready associates. In 2022, TCS recorded US$25.7 billion in revenue, with an all-time high incremental revenue addition of US$3.5 billion.

Throughout its history, TCS has continually expanded its services and global presence, acquiring other IT services companies to strengthen its offerings. The company has invested heavily in emerging technologies such as cloud computing, artificial intelligence, and the Internet of Things. TCS has also been recognised for its commitment to sustainability and social responsibility, implementing various initiatives to reduce its environmental impact and promote diversity and inclusion. As of 2023, TCS remains one of the largest IT services providers in the world, with over 450,000 employees and a presence in 46 countries.

The mission of Tata Consultancy Services is to help customers achieve their business objectives by providing innovative, best-in-class consulting, IT solutions, and services. By leveraging deep domain expertise and cutting-edge technologies, TCS aims to deliver transformative results that drive growth and efficiency for its clients. The company is committed to fostering a culture of continuous improvement and excellence, ensuring that its services remain at the forefront of the industry. TCS is also dedicated to social responsibility and sustainability, working to build greater futures through innovation and technology. By addressing global challenges such as climate change, education, and healthcare, TCS aims to make a positive impact on society. The company believes that through strategic partnerships and a commitment to ethical business practices, it can contribute to a better, more sustainable world.

The vision of Tata Consultancy Services (TCS) is to be a global leader in the IT services industry, delivering superior value to clients through the use of technology and talent. TCS aims to help organisations transform and thrive in the digital era by providing innovative solutions and services that meet their evolving needs. TCS envisions a future where businesses across all sectors harness the power of technology to drive efficiency, foster innovation, and achieve sustainable growth. By staying ahead of industry trends and continuously adapting to the latest advancements in technology, TCS aspires to set the benchmark for excellence in IT services. Central to this vision is TCS's commitment to nurturing a diverse and inclusive workforce that brings together the best minds from around the world. The company aims to create an environment where creativity and collaboration flourish, enabling its employees to develop groundbreaking solutions that drive client success.

Tata Consultancy Services (TCS) provides a wide range of products and services in the field of information technology (IT) and consulting. Here are some of its main offerings:

Digital and technology services: TCS offers services related to digital transformation, such as digital strategy consulting, user experience design, mobility services, data analytics, cloud computing, and artificial intelligence.

Consulting: TCS provides consulting services in various areas such as finance, supply chain, customer relationship management, and enterprise resource planning. It also offers industry-specific consulting services to clients in sectors such as banking, insurance, retail, and healthcare.

Business solutions: TCS develops and implements software solutions to help clients manage their business operations, such as enterprise software, customer relationship management software, and supply chain management software.

Infrastructure services: TCS provides infrastructure management services such as data center management, network management, and security services.

Engineering and R&D services: TCS offers engineering and research and development services to clients in various industries such as automotive, aerospace, and manufacturing. These services include product design and development, prototyping, testing, and simulation.

Quality engineering and assurance: TCS provides quality engineering and assurance services to help clients ensure the quality and reliability of their software products.

Banking and financial services: TCS has a significant presence in the banking and financial services sector, providing services such as core banking, payments processing, risk and compliance management, and wealth management.

TCS continues to innovate and expand its offerings in response to the changing needs of its clients and the rapid pace of technological advancement. Its broad range of products and services helps it to serve clients across various industries and geographies.