Tata Consultancy Services (TCS) - Company Research Report

Company Overview

General Information

• Name: Tata Consultancy Services (TCS)

• Mission: Building greater futures through innovation and collective knowledge. TCS aims to transform businesses through technology, making a meaningful difference to customers and communities they serve.

• Founded: 1968 by Mr. Fakir Chand Kohli

• Key People: No information is available on specific individual names beyond the founder.

• Headquarters: No information is available.

• Number of Employees: Over 601,000 globally

• Revenue: $29.1 billion (FY 2023-24)

• What is it Known For: IT services, consulting, and business solutions with a wide range of products and platforms.

Historical Milestones

• 1968: Formation of TCS by Mr. Fakir Chand Kohli.

• 1971: First external contract won for infrastructure in Iran.

• 1973: Established first sales office in New York.

• 1981: Set up India's first software research center, Tata Research Development and Design Centre (TRDDC).

• 2004: Largest IPO by a private sector company in India.

• 2007: First US$1 billion deal.

• 2022: Achieved US$ 25.7 billion in revenue with significant incremental revenue addition.

Products

Key Products and Platforms

1. TCS ADD™

• Description: Modern and open technology platforms for clinical research and drug development.

• Key Features: Enhances clinical research efficiency and innovation.

2. TCS BaNCS™

• Description: Growth and Transformation in Insurance Enabled by Intelligent, Digital Solutions.

• Key Features: Comprehensive suite for insurance operations.

3. TCS BFSI Platforms

• Description: Enterprise solutions for the Banking, Financial Services, and Insurance sectors.

• Key Features: Supports customer journey transformation and operational efficiency.

4. TCS CHROMA™

• Description: Talent management platform.

• Key Features: Collaborative work culture and HR operations automation.

5. TCS Customer Intelligence & Insights™

• Description: Deliver personalized experiences.

• Key Features: Drives customer loyalty and growth through insights.

6. TCS ERP on Cloud

• Description: Cloud-based ERP solutions.

• Key Features: Agile, flexible, and always connected enterprise resource planning.

7. TCS HOBS™

• Description: Digital transformation platform.

• Key Features: Innovate and create industry-leading digital experiences.

8. ignio™

• Description: Autonomous enterprise solution.

• Key Features: Enhances operational resilience and superior customer experience.

9. TCS Intelligent Urban Exchange™

• Description: Platform for urban management.

• Key Features: Sustainability and improved citizen experience.

10. TCS OmniStore™

• Description: Commerce foundation for retail.

• Key Features: Unified, ubiquitous, and intelligent retail solutions.

11. TCS Optumera™

• Description: Strategic retail optimization.

• Key Features: AI-powered merchandising, pricing, and supply chain optimization.

12. TCS TAP™

• Description: Sourcing and procurement platform.

• Key Features: Agile sourcing, responsible buying, and superior payable accounts experience.

13. Quartz™ – The Smart Ledgers™

• Description: Secure transaction platforms for digital assets.

• Key Features: Blockchain-based secure transactions.

14. Jile™

• Description: Enterprise agile planning tool.

• Key Features: Collaboration and project planning.

15. TCS iON™

• Description: Manufacturing industry-focused unit.

• Key Features: Comprehensive and strategic solutions for manufacturing processes.

16. TCS TwinX™

• Description: Digital twin platform.

• Key Features: Improves enterprise operations through digital twins.

Recent Developments

2024 Developments

• Rolls-Royce Collaboration: TCS collaborates on Hydrogen Research Programme.

• TCS OmniStore™ Expansion: Enabled 100% in-store mobile checkout for Croma, a leading electronics retailer.

• TCS Pace Studio: Launch in Stockholm to expand digital innovation in the Nordic region.

• Partnership with Primark: Transform and grow operations.

• TCS Pace Studio in the Philippines: Accelerate digital innovation for clients across the Asia Pacific region.

• Follett Higher Education: Selected TCS to build a future-ready, cloud-based IT infrastructure.

New Products and Features

• New IoT Engineering Lab in Ohio: To accelerate innovation.

• TCS AI WisdomNext™: Industry-first GenAI aggregation platform.

• Quantum Diamond Microchip Imager Project: In collaboration with IIT-Bombay.

Financial Growth

• Q1 FY 2024-25 results: Started the fiscal year with strong broad-based growth, achieving $7.51 billion in revenue with a 3.9% YoY growth.

No additional commentary at the end is included as per the requirements.