Tata Consultancy Services (TCS) is an information technology (IT) service provider offering business solutions, and outsourcing services. TCS as per 2008 Forbes Global 2000 list, is ranked #927. TCS, a Tata Group company, offers business consultancy and IT enabled services to clients in India and abroad through its redoubtable ‘global network delivery model’. Tata Consultancy Services employs over 120,000 qualified IT professionals spread over 42 nations.
Brief history Tata Consultancy Services was established in 1968 to provide business consultation services to traditional businesses like banking and finance, health care, energy resources, engineering, manufacturing, travel and hospitality, transportation, and government undertakings. Being a Tata Group company it works on principles of providing excellence to its customers, looking after its employees, and protecting interests of shareholders. TCS presently provides consultation services to insurance, retail, and telecommunication sectors.
Products and services Products of TCS may be broadly classified into software solutions and services.
- TCS software products – TCS BaNCS is an embedded interactive software product for financial services and related activities. TCS technology products are specially designed for database integration, knowledge management, and customer relationship management (CRM). Tax mantra integrated tax solution, TCS file authentication solution, TCS e-learning effectiveness measurement, and TCS business rules engine are some popular TCS software products.
- TCS services – TCS services can be further classified into enterprise solutions, IT services, IT infrastructure services, business intelligence and performance management, industrial and engineering services, and business process outsourcing.
Financials Tata Consultancy Services during financial year April 2007–March 2008 held assets worth nearly US $3.03 billion. It generated profits of about US $0.97 billion from total sales of around US $4.32 billion.
Awards and recognition In 2008, DataQuest ranked TCS as #1 company among IT service providers. BusinessWeek in 2007 placed TCS in its list of top 25 information technology companies. In 2007, TCS topped Global Services magazine's list of “100 Best Performing IT Services”.
Current financial crisis TCS revenues are expected to fall by 43 percent as compared to last year as their financial services business division has received a setback from global financial crisis.
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Non-Executive Chairman of Morgan Stanley Asia. Lecturer at Yale University's School of Management and Jackson Institute for Global Affairs. Author of "The Next Asia".
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.