Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra.[4][5] It is a subsidiary of the Tata Group and operates in 46 countries.[6] TCS is one of the largest Indian companies by market capitalization ($80 billion).[7][8] TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide.[9] 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 first Indian company.[10] It is the world's 10th largest IT services provider, measured by the revenues.[11] As of December 2015, it is ranked 10th on the Fortune India 500 list.[12]
In 1979, 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.[15] It associated with a Swiss partner, TKS Teknosoft, which it later acquired.[16]
In 1980, TCS established India's first dedicated software research and development centre, the Tata Research Development and Design Centre (TRDDC) in Pune.[17] In 1985, 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.[18]
In 2005, TCS became the first India-based IT services company to enter the bioinformatics market.[20] In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation.[21] By 2008, its e-business activities were generating over US$500 million in annual revenues.[22] [23]
TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings.[24] On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India-based company.[25] In the 2011/12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time.[26]
In May 2013, TCS was awarded a six-year contract worth over ₹ 1100 crores to provide services to the Indian Department of Posts.[27] In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies [28] and in July 2014, it became the first Indian company with over Rs 5 lakh market capitalization.[29][30]
In Jan 2015, TCS ends RIL's 23-year run as most profitable firm[31]
1968 to 2000
Tata Consultancy Services Limited was founded in 1968 by a division of Tata Sons Limited.[13] 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,[14] and providing bureau services to Unit Trust of India.In 1979, 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.[15] It associated with a Swiss partner, TKS Teknosoft, which it later acquired.[16]
In 1980, TCS established India's first dedicated software research and development centre, the Tata Research Development and Design Centre (TRDDC) in Pune.[17] In 1985, 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.[18]
2000 to present
On 25 August 2004, TCS became a publicly listed company.[19]In 2005, TCS became the first India-based IT services company to enter the bioinformatics market.[20] In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation.[21] By 2008, its e-business activities were generating over US$500 million in annual revenues.[22] [23]
TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings.[24] On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India-based company.[25] In the 2011/12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time.[26]
In May 2013, TCS was awarded a six-year contract worth over ₹ 1100 crores to provide services to the Indian Department of Posts.[27] In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies [28] and in July 2014, it became the first Indian company with over Rs 5 lakh market capitalization.[29][30]
In Jan 2015, TCS ends RIL's 23-year run as most profitable firm[31]
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