Tata Consultancy
Services Limited (TCS) is an Indian multinational information technology (IT)
services, business solutions and consulting company headquartered in
Mumbai,
Maharashtra. TCS is a subsidiary of the Tata Group and is listed on the Bombay
Stock Exchange and the National Stock Exchange of India. It is one of India's
most valuable companies and is the largest India-based IT services company by
2012 revenues. The company is the largest India-based IT services company by
employee count as well.1968 to 2000
Tata Consultancy
Services (TCS) was founded in 1968. Its early contracts included providing
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 conducted
its first campus interviews, held at IISc, Bangalore. The recruits comprised 12
Indian Institutes of Technology graduates and three IISc graduates, who became
the first TCS employees to enter a formal graduate trainee programmed.
In 1979, TCS delivered
an electronic depository and trading system called SECOM for the Swiss company
SIS SegaInterSettle. TCS followed this up with System X for the Canadian
Depository System and automating the Johannesburg Stock Exchange. TCS
associated with a Swiss partner, TKS Teknosoft, which it later acquired.
In 1981, TCS established
India's first dedicated software research and development centre, the Tata
Research Development and Design Centre (TRDDC) in Pune. In 1985 TCS established
India's first client-dedicated offshore development centre, set up for client
Tandem.
In the early 1990s the
Indian IT outsourcing industry grew rapidly due to the Y2K bug and the launch
of a unified European currency, Euro. TCS created the factory model for Y2K
conversion and developed software tools which automated the conversion process and
enabled third-party developer and client implementation.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 TCS designed an
ERP system for the Indian Railway Catering and Tourism Corporation.
In 2008 TCS undertook an
internal restructuring exercise which aimed to increase the company's agility.
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, TCS overtook RIL to achieve the
highest market capitalization of any India-based company.
In the 2011/12 fiscal
year TCS achieved annual revenues of over US$10 billion for the first time.
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