Tata Consultancy Services - wikipedia Tata Consultancy Services Tata Consultancy Services Limited Type Public Traded as BSE : 532540 NSE : TCS BSE SENSEX Constituent CNX Nifty Constituent Industry IT services, IT consulting Founded 1968 ; 50 years ago ( 1968 ) Founder J.R.D. Tata F.C. Kohli Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people Natarajan Chandrasekaran ( Chairman ) Rajesh Gopinathan ( CEO & MD ) Services IT, business consulting and outsourcing services Revenue US $ 19.08 billion ( 2018 ) Operating income US $4.73 billion ( 2018 ) Net income US $4.00 billion ( 2018 ) Total assets US $16.66 billion ( 2018 ) Total equity US $13.41 billion ( 2018 ) Number of employees 394,998 ( 2017 ) Parent Tata Group Subsidiaries TCS China TRDDC Website www.tcs.com Footnotes / references Tata Consultancy Services Limited ( TCS ) is an Indian multinational information technology ( IT ) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and operates in 46 countries. TCS is one of the largest Indian companies by market capitalization... TCS is now placed among the most valuable IT services brands worldwide. TCS alone generates 70 % dividends of its parent company, Tata Sons. The parent group recently decided to sell stocks of TCS worth $1.25 billion in a bulk deal. 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 top Indian company. It is the world 's 9th largest IT services provider by revenue. As of 2017, it is ranked 10th on the Fortune India 500 list. In April 2018, TCS became the first Indian IT company to breach $100 billion market capitalization, and second Indian company ever ( after Reliance Industries achieved it in 2007 ) after its m - cap stood at Rs 6, 79,332.81 crore ( $102.6 billion ) in Bombay Stock Exchange. On 12 January 2017, N. Chandrashekaran was elevated as the chairman for Tata Sons. Contents 1 History 1.1 1968 - 2000 1.2 2000 to present 1.3 Acquisitions 2 Products and services 2.1 Service lines 3 Operations 3.1 Locations 3.2 TCS BPS 3.3 Tata Research Development and Design Centre 3.4 Innovation Labs 4 Employees 5 Sponsorships 6 Controversies 6.1 Class action lawsuit 6.2 Accusations of discrimination 7 See also 8 References 9 External links History 1968 - 2000 TCS Limited was founded in 1968 by division of Tata Sons Limited. 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, and providing bureau services to Unit Trust of India. In 1975, 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. It associated with a Swiss partner, TKS Teknosoft, which it later acquired. In 1980, TCS has established India 's first dedicated software research and development centre, the Tata Research Development and Design Centre ( TRDDC ) in Pune. In 1981, 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. Towards of end of 1999, TCS decided to offer Decision Support System ( DSS ) in the domestic market under its Corporate Vice President and Transformation Head Subbu Iyer. 2000 to present On 25 August 2004, TCS became a Publicly Listed Company. In 2005, TCS became the first India - based IT services company to enter the bioinformatics market. In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation. By 2008, its e-business activities were generating over US $500 million in annual revenues. TCS entered the small and medium enterprises market for the first time in 2011, with cloud - based offerings. On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India - based company. In the 2011 / 12 fiscal year, TCS achieved annual revenues of over US $10 billion for the first time. In May 2013, TCS was awarded a six - year contract worth over ₹ 1100 crores to provide services to the Indian Department of Posts. In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies and in July 2014, it became the first Indian company with over Rs 5 lakh crore market capitalization. In Jan 2015, TCS ends RIL 's 23 - year run as most profitable firm In Jan 2017, the company announced a partnership with Aurus, Inc., a payments technology company, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. Acquisitions Name Acquisition date Activities Country of HQ Price Employees ( at acquisition ) Notes Reference CMC Limited 2001 October IT Services IND $33.9 m 3,102 Gets Embedded Expertise & good Domestic customer reach. CMC Amalgamated with TCS on 28 April 2015. ( 1 ) Airline Financial Support Services India ( AFSI ) 2004 January BPO IND $5.1 m 400 BPO expertise in Airline and Hospitality sector Aviation Software Development Consultancy India ( ASDC ) 2004 March IT Services IND $3.1 m 180 Phoenix Global Solutions 2004 May Business Process Outsourcing IND $130 m 400 Acquire expertise in insurance - domain consulting Swedish Indian IT Resources AB ( SITAR ) 2005 May IT Services SWE $4.8 m n / a Acquire blue - chip European customers like Ericsson, IKEA, Vattenfall and Hutchison ; SITAR was TCS ' exclusive partner in Sweden and a non-exclusive partner in Norway. Pearl Group 2005 October Insurance UK $94.7 m 950 Acquired life and pension outsourcing business from Pearl Group ; Domain knowledge of life and pension underwriting business. Financial Network Services ( FNS ) 2005 October Core Banking Product AU $26 m 190 TCS acquired core banking solution product ( BANCS ) and access to 116 customers in 35 countries ; FNS was an existing partner for TCS. Comicrom 2005 November Banking BPO CHL $23 m 1,257 Entry into Latin America ; Access to payment processing platform. Tata Infotech 2006 February IT Services IND $259.2 m 3,600 The merger of Tata Infotech added 15 new Fortune 500 clients and enhanced TCS ' systems integration and infrastructure service capabilities. TCS Management 2006 November IT Services AU $13 m 35 Access to Australian clients TKS - Teknosoft 2006 November Banking Product CH $80.4 m 115 Expand product portfolio by acquiring rights to Quartz and ownership of Alpha and e-portfolio, enhanced presence in Switzerland and France Citigroup Global Services Limited 2008 December Captive BPO of Citigroup Inc. IND $512 m 12,472 TCS acquired key Banking and Financial Services ( BFS ) domain knowledge. Supervalu Services India 2010 September Captive IT / BPO unit of Supervalu Inc. in India IND $100 m 600 TCS had a deal with Supervalu to have their Software Outsourcing to TCS and acquired Supervalu India. Computational Research Laboratories 2012 August High Performance Computing IND $34 m 80 Acquire expertise in High Performance Computing ( HPC ) applications and Cloud services Alti SA 2013 April IT Services FRA $97.5 Mn 1200 Access to blue - chip French and European clients in banking, luxury, manufacturing and utilities sectors Products and Services TCS and its 67 subsidiaries provide a wide range of information technology - related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services. The firm 's established software products are TCS BaNCS and TCS MasterCraft. Service lines TCS ' services are currently organised into the following service lines ( percentage of total TCS revenues in the 2012 - 13 fiscal year generated by each respective service line is shown in parentheses ) : Application development and maintenance ( 43.80 % ) value ; Asset leverage solutions ( 2.70 % ) ; Assurance services ( 7.70 % ) ; Business process outsourcing ( 12.50 % ) ; Consulting ( 2.00 % ) ; Engineering and Industrial services ( 4.60 % ) ; Enterprise solutions ( 15.21 % ) ; and IT infrastructure services ( 11.50 % ). Operations TCS has 289 offices across 46 countries and 147 delivery centers in 21 countries. At the same date TCS had a total of 58 subsidiary companies. Locations TCS has operations in the following locations : India : Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chennai, Coimbatore, Delhi, Gandhinagar, Goa, Gurgaon, Guwahati, Hyderabad, Bhopal, Indore, Jamshedpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, Noida, Nashik, Pune, Trivandrum and Patna Africa : South Africa, Morocco ( closed down ) Asia ( excluding India ) : Bahrain, China, Israel, UAE, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand and Qatar Oceania : Australia Europe : Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Republic of Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and United Kingdom. North America : Canada, Mexico and United States. South America : Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay. The Tata Consultancy Services campus in Lucknow Tata Consultancy Services on Grosvenor Square, London TCS BPS TCS BPS ( Business Process Services ) is the third - largest India - based IT outsourcing company ( after capgemini ). The BPS division had revenues of US $1.44 billion in the FY 2012 - 13 which was 12.5 % of the total revenue of TCS. TCS BPS has more than 45,000 employees which serve over 225 million customers across 11 countries. The rate of attrition in BPS division during the financial year 2012 - 13 was 19.5 %. In 2006, TCS won a $35 million contract from Eli Lilly and Company for providing data management, biostatistics and medical writing services. In 2007, it won a major multi-year deal from Swiss pharmaceutical major Hoffmann - La Roche to provide data management, biostatistics, clinical programming and drug safety support to Hoffmann - La Roche 's global pharmaceutical development efforts. The firm has also opened a business process outsourcing facility in the Philippines. Tata research development and Design centre Main article : Tata Research Development and Design Centre TCS established the first software research center in India, the Tata Research Development and Design Centre, in Pune, India in 1981. TRDDC undertakes research in Software engineering, Process engineering and systems research. Researchers at TRDDC also developed MasterCraft ( now a suite of digitization and optimization tools ) a Model Driven Development software that can automatically create code based on a model of a software, and rewrite the code based on the user 's needs. Research at TRDDC has also resulted in the development of Sujal, a low - cost water purifier that can be manufactured using locally available resources. TCS deployed thousands of these filters in the Indian Ocean tsunami disaster of 2004 as part of its relief activities. This product has been marketed in India as Tata swach, a low cost water purifier. Innovation labs In 2007, TCS launched its co-innovation network, a network of innovation labs, start up alliances, university research departments, and venture capitalists. In addition, TCS has 19 innovation labs based in three countries. TCS ' partners include Collabnet, Cassatt, academic institutions such as IITs, Stanford, MIT, Carnegie Mellon and venture capitalists like Sequoia and Kleiner Perkins. Employees TCS is one of the biggest and the largest private sector employers in India, and the fourth - largest employer among listed Indian companies ( after Indian Railways, Indian Army and India Post ). TCS had a total of 387,000 employees as of December 2016, of which 31 % were women. The number of non-Indian nationals was 21,282 as at 31 March 2013 ( 7.7 % ). The employee costs for the FY 2012 - 13 were US $4.38 billion, which was approx. 38 % of the total revenue of the company for that period. In the fiscal year 2012 - 13, TCS recruited a total of 69,728 new staff, of whom 59,276 were based in India and 10,452 were based in the rest of the world. In the same period, the rate of attrition was 10.6 %. The average age of a TCS employee is 28 years. The employee utilisation rate, excluding trainees, for the FY 2012 - 13 was 82 %. TCS was the fifth - largest United States visa recipient in 2008 ( after Infosys, CTS, Wipro and Mahindra Satyam ). In 2012, the Tata group companies, including TCS, were the second largest recipient of H - 1B visas. As of June 2017, TCS has over 387,000 + employees. It is world 's third largest IT employer behind IBM and HP. Subramaniam Ramadorai, former CEO of TCS, has written an autobiographical book about his experiences in the company called The TCS Story... and Beyond. Sponsorships TCS is the title sponsor for Amsterdam Marathon and New York City Marathon and one of the sponsors of Berlin Marathon, Chicago Marathon, Boston Marathon, Mumbai Marathon. In India, it is the title sponsor of World 10K held in Bangalore every year. TCS is a sponsor of Indian Premier League team Rajasthan Royals since 2009. In addition, TCS provides Rajasthan Royals with technology to help in analysis of player performance, simulation and use of RFID tags for tracking the players ' fitness levels and for security purposes in the stadiums. TCS sponsors an annual IT quiz for high school students called TCS IT Wiz. The TCS IT Wiz is the largest quiz in India, attracting students who are studying between class 8 and class 12. This quiz is hosted by Mr. Giri Balasubramanium. Controversies Class action lawsuit On 14 February 2006, U.S. law firm Lieff Cabraser Heimann & Bernstein, LLP filed a nationwide class action lawsuit against Tata. In July 2013, judge Claudia Wilken of the U.S. District Court, Northern District of California in Oakland, California, granted final approval to the settlement of the lawsuit on behalf of all non-U.S. citizens employed by TCS within the state of California from 14 February 2002 to 30 June 2005. The workers claimed that they were forced to sign over their federal and state tax refunds to their employer, as well as stating their Indian salaries were wrongfully deducted from their U.S. pay. On 22 February 2013, the Company entered into an agreement to settle for a sum of INR 16,163 lakhs ( $29.75 million ), this class action suit filed in a United States Court relating to payment to employees on deputation. Charleston County in South Carolina sued Tata Consultancy Services for delivering botched software. TCS won the contract to create an online tax system ( digiTax ) for a $1.2 million. The system was supposed to go live in July 2004 but was plagued by several delays. Tata developed the software at its offshore development center in Chennai, India. The software was rejected by Charleston County during user acceptance testing where it failed to meet even the basic requirements. County sued Tata and it agreed to pay back $1 million in out of court settlement. Charleston County finally bought an off the shelf solution. A US grand jury has slapped two companies of India 's Tata group - Tata Consultancy Services and Tata America International Corp - with a USD 940 million fine in a trade secret lawsuit filed against them. Epic Systems had accused TCS and Tata America International Corp, in a lawsuit filed in October, 2014 in US District Court in Madison which was amended in January and December 2015, of `` brazenly stealing the trade secrets, confidential information, documents and data '' belonging to Epic. Accusations of discrimination In May 2013, the Canadian Broadcasting Corporation ( CBC ), in its extensive coverage of the hiring of temporary foreign workers in Canada and the unemployment issues faced by Canadians, reported that TCS rarely hires skilled experienced Canadians at the Toronto offices while advertising open positions in Canada. TCS responded that the company hired more than 125 Canadian workers in 2013 who make less than 1.2 % of the 10,452 workers the company has outside of India. In April 2015, a class - action lawsuit against TCS was filed in a San Francisco federal court by a U.S. information technology worker and ex-employee, who accused the company of discriminating against American workers by favoring South Asians in hiring and promotion. The lawsuit claimed that South Asians comprise 95 % of the company 's 14,000 - person U.S. workforce, and that TCS engaged in discriminatory practices by sourcing most of its workforce through the H - 1B visa programme, by focusing its U.S. - based hiring disproportionately on South Asians and by favoring South Asian employees in its human resources practices. In response, TCS refuted the plaintiff 's claims, assuring that it is an equal opportunity employer and bases its employment practices on non-discriminatory reasons. A spokesperson said that in 2014 alone the company had recruited over 2,600 U.S. hires. See also List of public corporations by market capitalization List of IT consulting firms List of Indian IT companies List of companies of India References ^ Jump up to : `` TCS Q4 results for 2018 '' ( PDF ). TCS. 17 April 2017. Retrieved 3 September 2016. Jump up ^ `` Tata Consultancy Services ''. Forbes. 29 August 2013. Retrieved 3 September 2013. 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Lieff Cabraser Heimann & Bernstein, LLP. Retrieved 2 July 2015. Jump up ^ `` TCS faces class action lawsuit in US ''. MSN News. 4 April 2012. Retrieved 20 February 2013. Jump up ^ http://nl.newsbank.com/nl-search/we/Archives?p_action=doc&p_docid=11F320ACB663DBD0&p_docnum=1. Missing or empty title = ( help ) Jump up ^ http://economictimes.indiatimes.com/tech/ites/us-jury-slaps-940-million-fine-on-tcs-tata-america-international-corp-in-trade-secret-case/articleshow/51853894.cms Jump up ^ `` Canadian on EI shut out amid foreign worker influx -- British Columbia -- CBC News ''. Cbc.ca. 2013 - 05 - 20. Retrieved 2013 - 06 - 10. Jump up ^ Thibodeau, Patrick ( 16 April 2015 ). `` IT worker 's lawsuit accuses Tata of discrimination ''. ComputerWorld. Retrieved 16 April 2015. External links Wikimedia Commons has media related to Tata Consultancy Services. Official website TCS 's channel on YouTube Business data for Tata Consultancy Services Ltd. : Reuters Companies portal Information technology portal Tata Group Divisions and subsidiaries Cromā The Indian Hotels Company Ginger Taj Hotels Palaces Resorts Safaris TajAir Tata Advanced Systems Tata Business Support Services Tata Chemicals British Salt Tata Chemicals Europe Tata Chemicals Magadi Tata Communications VSNL International Canada Tata Consultancy Services CMC Tata Research Development and Design Centre Tata Elxsi Tata Global Beverages Eight O'Clock Coffee Good Earth Tea Tata Coffee Tetley Tata Housing Development Company Tata Interactive Systems Tata Investment Corp Tata Motors Jaguar Land Rover Tata Daewoo Tata Hispano Tata Power Tata Power Solar Tata Power SED Tata Steel Tata Steel Europe Tayo Rolls Tata Technologies Tata Teleservices Titan Industries Tanishq Trent Star Bazaar Westside Voltas Joint ventures AirAsia India ( 41 % ) Tata AIA ( 74 % ) TATA AIG ( 74 % ) Tata McGraw - Hill Vistara ( 51 % ) Tata Sky ( 80 % ) Tata Starbucks ( 50 % ) Tata DoCoMo ( 74 % ) Virgin Mobile India ( 74 % ) Telcon Construction Solutions ( 40 % ) Shareholdings Piaggio Aero ( 33.3 % ) People Jamsetji Tata Ratanji Dadabhoy R Gopalakrishnan Dorabji Tata Nowroji Saklatwala J.R.D. Tata Ratan Tata Pallonji Mistry Surya Kant Cyrus Pallonji Mistry Jamshed Jiji Irani Noel Tata R.K. Krishna Kumar N Chandrasekaran Other Bombay House Tata Centre Tata - Dhan Academy Tata family Tata Football Academy Tata Management Training Centre Tata Sons TCS Amsterdam Marathon TCS NYC Marathon BSE SENSEX companies of India Airtel Axis Bank Bajaj Auto BHEL Cipla Coal India Dr. Reddy 's Laboratories GAIL HDFC HDFC Bank Hero MotoCorp Hindalco HUL ICICI Bank Infosys ITC L&T Mahindra & Mahindra Maruti Suzuki NTPC ONGC Reliance Industries SBI Sesa Sterlite Sun Pharma Tata Motors Tata Power Tata Steel TCS Wipro CNX Nifty companies of India ACC Ambuja Cements Asian Paints Ltd Axis Bank Bajaj Auto Bank of Baroda BHEL BPCL Bharti Airtel Cairn India Cipla Coal India DLF Dr. Reddy 's Laboratories GAIL Grasim Industries HCL Technologies HDFC HDFC Bank Hero MotoCorp Hindalco Industries HUL Infosys ICICI Bank IDFC IndusInd Bank Ltd. ITC Limited Jindal Steel and Power Kotak Mahindra Bank L&T Lupin Mahindra & Mahindra Maruti Udyog NMDC NTPC ONGC Power Grid Corporation PNB Reliance Industries Sesa Sterlite Limited SBI Sun Pharmaceutical TCS Tata Motors Tata Power Tata Steel Tech Mahindra Ultratech Cement Wipro Zee Entertainment Enterprises Major information technology consulting and outsourcing companies Companies with an annual revenue of over US $3 billion Accenture Atos Booz Allen Hamilton BMC Software BT Global Services CACI Capgemini CGI Group Cognizant Deloitte Digital China DXC Technology Fujitsu HCL Technologies Hitachi Consulting IBM Global Services Indra Sistemas Infosys Infor KPMG Leidos NEC NTT Data Orange Business Services T - Systems Tata Consultancy Services Tech Mahindra Unisys Wipro See also Largest IT companies Category : Information technology consulting firms Category : Outsourcing companies Retrieved from `` https://en.wikipedia.org/w/index.php?title=Tata_Consultancy_Services&oldid=846352238 '' Categories : Tata Consultancy Services BSE SENSEX CNX Nifty Companies based in Mumbai Companies established in 1968 Companies listed on the Bombay Stock Exchange Information technology consulting firms of India International information technology consulting firms MES software Outsourcing companies Software companies of India Information technology companies of Bhubaneswar Information technology companies of India Hidden categories : Pages with citations lacking titles Pages with citations having bare URLs EngvarB from April 2017 Use dmy dates from April 2017 Pages using infobox company with unsupported parameters Talk Contents About Wikipedia বাংলা Deutsch فارسی Français हिन्दी Bahasa Indonesia Italiano עברית ಕನ್ನಡ മലയാളം मराठी 日本 語 Português Русский Suomi Svenska தமிழ் తెలుగు 9 more Edit links This page was last edited on 18 June 2018, at 06 : 02. 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Question: tcs is in business for number of years
Answer: 50