Tata Consultancy
Services Limited (TCS) is a member of the Indian conglomerate Tata Group. It is
involved in supplying IT services and business solutions and outsourcing.
Founded in 1968,
TCs started as a provider of punch
card services to its sister company Tata Steel. Some of its earlier
contracts also included the Central Bank of India’s inter-branch reconciliation
system and Unit Trust of India’s bureau services.
Through the
years, TCS grew larger and started offering services to foreign companies. For
instance, TCS supplied SECOM, a depository and trading system for Switzerland’s
SIS SegaInterSettle. TCS also supplied the Canadian Depository System with a
similar system called System X. TCS was also responsible for Johannesburg Stock Exchange's
automation.
As an expression
of its great passion for research and development, TCS was the first company in
India to establish a software R&D facility, the Tata Research Development
and Design Center in 1981.
In the early
part of 21st century, TCS is making record breaking revenues of $500
million annually. But in the fiscal year of 2011-2012, TCS has recorded
revenues of more than $10 billion.
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