Tata Consultancy Services Ltd

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Tata Consultancy Services is an Indian multinational information technology service, consulting and business solutions company, operating in 46 countries: India (5.7%), the Americas (53%), Europe (29.7%) and other (11.6%). TCS is a subsidiary of Tata Sons Private Ltd, and is headquartered in Mumbai, Maharashtra.

Net sales break down by activity as follows:

  • 98.3%: IT services: consulting and engineering services, solutions and systems integration, management applications development, and outsourcing services;
  • 1.7%: Sale of IT equipment and software licenses.

Company

Shareholders

Total float: 27.4%
Source: MarketScreener.svg, Mar.2020

Timelines

ToDo: link, link, link
  • Jul.2018: M&G Prudential cut short its contract with Capita plc by 5 years, transferring the administration of UK life and pensions business to Diligenta,ref a TCS subsidiary, on a new 10-year contract.ref,ref Diligenta will assume responsibility for the administration of 4m pensions.ref
  •  ??.2017: TCS China was associated as a joint venture with the Chinese govt.ref
  • Jan.2017: TCS announced a partnership with Aurus Inc, a payments technology company, to deliver payment solutions for retailers using TCS OmniStore, a unified store commerce platform.ref
  • May.2013: TCS was awarded a 6-year contract to provide services to the Indian Department of Posts.ref
  • 2011: TCS entered the small and medium enterprises market, with cloud-based offerings.ref
  • 2006: TCS designed an ERP system for the Indian Railway Catering and Tourism Corporation.ref
  • 2005: TCS became the first India-based IT services company to enter the bioinformatics market.ref
  • Aug.2004: TCS became a publicly-listed company.ref,ref
  • Jan.2004: Airline Financial Support Services India (Pvt) Ltd, a business process outsourcing outfit, was wholly acquired from Swissair,ref which sold off its assets worldwide when it went into liquidation. AFS was a joint venture between Swissair (75.1%) and TCS (24.9%).ref
  • Oct.2001: CMC Ltd, an IT services company in New Delhi, was acquired.ref,ref CMC (company)Wikipedia-W.svg
  • 1999: TCS decided to offer Decision Support System in the domestic market under its Corporate Vice President and Transformation Head Subbu Iyer.ref
  • 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.ref
  • 1993: TCS partnered with Canada-based software factory Integrity Software Corporation, which TCS later acquired.
  • 1981: TCS established India's first client-dedicated offshore development centre, set up for clients Tandem.
  • 1980: Tata Research Development and Design Centre in Pune, India's first dedicated software research and development centre, was established by TCS.
  • 1975: TCS delivered an electronic depository and trading system called SECOM for the Swiss company SIS SegaInterSettle; it also developed System X for the Canadian Depository System, and automated the Johannesburg Stock Exchange.ref TCS associated with a Swiss partner, TKS Teknosoft, which it later acquired.ref
  • 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,ref and providing bureau services to Unit Trust of India.
  • 1968: Tata Computer Systems was founded by division of Tata Sons Ltd.ref

Articles

  • May.25.2018: Home Office squanders £229m in 'incompetent' outsourcing of criminal record checks upgrade. Modernisation of the Home Office § Disclosure and Barring Service branded 'masterclass in incompetence' in damning Commons report. The Home Office project to modernise the Disclosure and Barring Service (DBS) has been marred by poor planning, delays and spiralling costs after it was outsourced to a private consultancy, said the Public Accounts Committee. The programme is more than 4 years late and costs are expect overshoot its budget by £229m. In 2012, the govt contracted Tata Consultancy Services to design, build and run a new IT system that would modernise DBS and move its services away from a paper-based system. The project was expected to be completed by Jun.2014, but it was delayed from the start and the DBS was forced to extend a contact with its previous contactor, Capita, by two years. The modernisation is still not complete, while the expected total cost has soared from £656m to £885m. It is not clear when Tata now expects to complete the project and the PAC said there was “a strong risk that they may run out of time before the contract ends in March 2019”. Chris Baynes, The Independent.