Tata Consultancy Services Limited (TCS) is an Indian software services and consulting company. It is one of India‟s oldest and largest providers of information technology and business process outsourcing services. As of 2007, it is Asia‟s largest information technology firm. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India.TCS is part of one of Asia‟s largest conglomerates, the Tata Group, which has interests in areas such as energy, telecommunications, financial services, manufacturing, chemicals, engineering, materials, government and healthcare. Tata Consultancy Services was established in the year 1968.
It began as the “Tata Computer Centre”, a division of the Tata Group, whose main business was to provide computer services to other group companies. However, the potential of computerization and computer services was realized early on, and an electrical engineer from the Tata Electric Companies, Fakir Chand Kohli, was brought in as the first General Manager. Soon after, the company was named Tata Consultancy Services. TCS‟s first software export project was undertaken in 1974 when it converted the Hospital Information System from Burroughs Medium Systems COBOL to Burroughs Small Systems COBOL. This project was carried out entirely in TCS Mumbai on the ICL 1903 Computer. In 1980, TCS and a sister concern accounted for 63% of the Indian software industry exports, $4 million shared by 21 firms.
In 1984, TCS set up an office in the Santacruz Electronics Export Processing Zone (SEEPZ) – Mumbai. The early 1990s saw a tremendous surge in TCS‟s business, which also resulted in a massive recruitment drive by the company. In early and mid-1990s, TCS re-invented itself to become a software products company. In the late 1990s, to accelerate its revenue growth, TCS decided to employ a three-pronged strategy – developing new products with high revenue earning potential, tapping domestic and other fast growing markets and focusing on inorganic growth through mergers & acquisitions. In late 1998, the company decided to concentrate on new revenue opportunities including Y2K and Euro conversion. E-business was a major area of focus in the late 1990s.
In 1999, TCS started an annual IT Quiz called TCS IT WIZ in India. It has been a great success and a matter of craze among young students inclined towards IT while in 2004, TCS became a publicly listed company. In 2008 Tata Consultancy Services was involved in a variety of industries. Some of these included telecom, government, insurance, manufacturing, high tech, and banking and financial services. They offer product life cycle management and systems integration to their customers. TCS topped the Dataquest DQTop20 list of IT Services providers in India for 2008. TCS also ranked among Top 25 in Business Week‟s 2007 Information Technology 100. In 2007, TCS was awarded top position in 2007 “Global Services” 100 „Top 10 Best Performing IT Services providers‟ category.
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