Is Tata Consultancy Services a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tata Consultancy Services Ltd is a good quality company .

Is Tata Consultancy Services undervalued or overvalued?

The key valuation ratios of Tata Consultancy Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Tata Consultancy Services share price return in the past 10 years?

Tata Consultancy Services Ltd share price has appreciated 11.9% annually (CAGR) over the past ten years.

Is Tata Consultancy Services a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tata Consultancy Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Tata Consultancy Services?

Company share prices are keep on changing according to the market conditions. The closing price of Tata Consultancy Services on 21-Nov-2024 at 13:57 is 4040.00.

What is the P/E ratio of Tata Consultancy Services?

The latest standalone P/E ratio of Tata Consultancy Services as of 21-Nov-2024 is 30.93.

What is the P/B ratio of Tata Consultancy Services?

The latest standalone P/B ratio of Tata Consultancy Services as of 21-Nov-2024 is 17.52.

What is the 52-week high and low of Tata Consultancy Services?

The 52-week high of Tata Consultancy Services is Rs. 4585.90 and the 52-week low is Rs. 3431.60.

What is the TTM revenue of Tata Consultancy Services?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tata Consultancy Services is Rs. 209166.00 (Cr.).

Tata Consultancy Services Ltd - Stock Valuation and Financial Performance

Name: Tata Consultancy Services
Brand: Tata Consultancy Services

BSE: 532540 | NSE: TCS | IT - Software | Large Cap

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TCS Share Price

₹4,040 0.70 0.02%
as on 21-Nov'24 13:57

10 Year X-Ray of TCS:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	52.6%	52.1%	43.9%	39.8%	47.8%	50%	52.6%	60.2%	64.4%	69.5%	-
Value Creation Index ⓘ	3.7	3.6	2.9	2.5	3.3	3.5	3.7	4.4	4.7	5.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	94,648	1,08,646	1,17,966	1,23,104	1,46,463	1,56,949	1,64,177	1,91,754	2,25,458	2,40,893	2,48,692
Sales YoY Gr.	-	14.8%	8.6%	4.4%	19%	7.2%	4.6%	16.8%	17.6%	6.9%	-
Adj EPS ⓘ	47.5	59.4	63.4	65.5	81.1	84.3	89.1	102.3	115	127.7	131.1
YoY Gr.	-	25.2%	6.6%	3.3%	23.9%	4%	5.6%	14.8%	12.4%	11%	-
BVPS (₹) ⓘ	129.3	180.3	217.5	223.1	238	222.2	231.4	242.2	247	249.3	279.9
Adj Net Profit ⓘ	18,593	23,422	24,970	25,060	30,437	31,649	32,957	37,441	42,083	46,199	47,441
Cash Flow from Ops. ⓘ	19,369	19,109	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.9%	10.5%	13.6%	6.9%
Adj EPS ⓘ	11.6%	9.5%	12.7%	11%
BVPSⓘ	7.6%	0.9%	2.5%	1%
Share Price	11.9%	13.8%	5.1%	15.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	37.3	38.5	31.8	29.3	34.9	36.5	38.7	42.7	46.9	51.1	49.6
Op. Profit Mgn % ⓘ	25.9	28.2	27.4	26.4	27	26.8	28.4	27.7	26.3	26.7	26.9
Net Profit Mgn % ⓘ	19.9	21.6	21.2	20.4	20.8	20.2	20.2	19.6	18.7	19.3	19.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	144	137	131	130	129	136	141	126	111	112	86
Cash Conv. Cycle ⓘ	48	39	53	63	55	54	54	49	50	54	52

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 49.60%

Sales growth is growing at healthy rate in last 3 years 13.63%

Net Profit is growing at healthy rate in last 3 years 12.74%

Sales growth is not so good in last 4 quarters at 5.16%

Latest Financials - Tata Consultancy Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	130.6	131.1
TTM Sales (₹ Cr.)	2,09,166	2,48,692
BVPS (₹.) ⓘ	230.6	279.9
Reserves (₹ Cr.) ⓘ	83,053	1,00,898
P/BV ⓘ	17.52	14.43
PE ⓘ	30.93	30.81

From the Market
52 Week Low / High (₹)	3431.60 / 4585.90
All Time Low / High (₹)	104.50 / 4585.90
Market Cap (₹ Cr.)	14,61,454
Equity (₹ Cr.)	361.8
Face Value (₹)	1
Industry PE ⓘ	34.4

Management X-Ray of TCS:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.48

0.28

* Pledged shares as % of Promoter's holding (%)

Valuation of TCS

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of TCS

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	94,648	1,08,646	1,17,966	1,23,104	1,46,463	1,56,949	1,64,177	1,91,754	2,25,458	2,40,893
Operating Expenses ⓘ	70,167	77,969	85,655	90,588	1,06,957	1,14,840	1,17,631	1,38,706	1,66,360	1,76,597
Manufacturing Costs	10,385	3,406	3,685	3,938	4,262	2,702	2,131	2,139	6,143	7,117
Material Costs	0	0	93	86	40	17	15	26	35	47
Employee Cost	50,924	55,348	61,621	66,383	78,246	85,952	91,804	1,07,542	1,27,509	1,40,116
Other Costs ⓘ	8,857	19,215	20,256	20,181	24,409	26,169	23,681	28,999	32,673	29,317
Operating Profit ⓘ	24,482	30,677	32,311	32,516	39,506	42,109	46,546	53,048	59,098	64,296
Operating Profit Margin (%)	25.9%	28.2%	27.4%	26.4%	27.0%	26.8%	28.4%	27.7%	26.2%	26.7%
Other Income ⓘ	3,230	3,084	4,221	3,642	4,311	4,592	3,134	4,027	3,610	4,422
Interest ⓘ	104	33	32	52	198	924	637	784	779	778
Depreciation ⓘ	1,799	1,888	1,987	2,014	2,056	3,529	4,065	4,604	5,022	4,985
Exceptional Items ⓘ	490	0	0	0	0	0	-1,218	0	0	-958
Profit Before Tax ⓘ	26,298	31,840	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997
Tax ⓘ	6,239	7,502	8,156	8,212	10,001	9,801	11,198	13,238	14,604	15,898
Profit After Tax	20,060	24,338	26,357	25,880	31,562	32,447	32,562	38,449	42,303	46,099
PAT Margin (%)	21.2%	22.4%	22.3%	21.0%	21.5%	20.7%	19.8%	20.1%	18.8%	19.1%
Adjusted EPS (₹)	50.7	61.6	66.7	67.6	83.9	86.2	87.7	104.7	115.2	126.8
Dividend Payout Ratio (%)	78%	35%	35%	37%	36%	85%	43%	41%	100%	58%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	50,635	71,072	86,214	85,128	89,446	84,126	86,433	89,139	90,424	90,489
Share Capital ⓘ	196	197	197	191	375	375	370	366	366	362
Reserves ⓘ	50,439	70,875	86,017	84,937	89,071	83,751	86,063	88,773	90,058	90,127
Minority Interest	1128	355	366	402	453	623	675	707	782	830
Debt	300	196	271	235	0	0	0	0	0	0
Long Term Debt	114	83	71	54	0	0	0	0	0	0
Short Term Debt	186	113	200	181	0	0	0	0	0	0
Trade Payables	8,831	7,541	4,905	5,094	6,292	6,740	7,860	8,045	10,515	9,981
Others Liabilities ⓘ	12,174	7,254	8,668	11,988	16,096	26,582	31,860	39,915	38,623	41,746
Total Liabilities ⓘ	73,067	86,418	1,00,424	1,02,847	1,12,287	1,18,071	1,26,828	1,37,806	1,40,344	1,43,046
Fixed Assets
Gross Block	19,409	21,586	22,988	25,003	26,593	37,984	40,451	44,601	48,474	52,112
Accumulated Depreciation	7,771	9,812	11,287	13,030	14,303	17,056	19,430	23,303	27,959	32,508
Net Fixed Assetsⓘ	11,638	11,774	11,701	11,973	12,290	20,928	21,021	21,298	20,515	19,604
CWIP ⓘ	2,766	1,670	1,541	1,278	963	906	926	1,205	1,234	1,564
Investmentsⓘ	1,662	22,822	41,980	36,008	29,330	26,356	29,373	30,485	37,163	31,762
Inventories	16	16	21	26	10	5	8	20	28	28
Trade Receivables	24,265	28,065	27,825	31,629	32,503	36,264	36,662	41,810	49,954	53,577
Cash Equivalents	18,556	6,788	4,149	7,161	12,848	9,666	9,329	18,221	11,032	13,286
Others Assetsⓘ	14,163	15,283	13,207	14,772	24,343	23,946	29,509	24,767	20,418	23,225
Total Assets ⓘ	73,067	86,418	1,00,424	1,02,847	1,12,287	1,18,071	1,26,828	1,37,806	1,40,344	1,43,046

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	19,369	19,109	25,223	25,067	28,593	32,369	38,802	39,949	41,965	44,338
PBT ⓘ	26,298	31,841	34,513	34,092	41,563	42,248	43,760	51,687	56,907	61,997
Adjustment ⓘ	-195	-210	-713	-1,207	-843	634	3,271	2,517	2,241	1,712
Changes in Working Capital ⓘ	747	-4944	-631	-209	-2169	-4667	863	-2769	-4217	-6882
Tax Paid ⓘ	-7,482	-7,578	-7,946	-7,609	-9,958	-5,846	-9,092	-11,486	-12,966	-12,489
Cash Flow From Investing Activity ⓘ	-1,701	-5,150	-16,732	2,886	1,596	8,565	-8,129	-897	39	6,026
Capex	-2,943	-1,968	-1,953	-1,804	-2,132	-3,088	-3,139	-2,964	-3,063	-2,650
Net Investments	-654	-3,549	-18,187	4,288	4,068	8,389	-4,670	-5,519	-5,354	4,811
Others ⓘ	1,895	367	3,408	402	-340	3,264	-320	7,586	8,456	3,865
Cash Flow From Financing Activityⓘ	-17,168	-9,666	-11,026	-26,885	-27,897	-39,915	-32,634	-33,581	-47,878	-48,536
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-105	-20	-20	-40	-186	-924	-634	-698	-779	-699
Dividend Paid ⓘ	-17,020	-9,515	-9,162	-10,726	-11,424	-37,634	-10,850	-13,317	-41,347	-25,137
Others ⓘ	-42	-131	-1,844	-16,119	-16,287	-1,357	-21,150	-19,566	-5,752	-22,700
Net Cash Flow ⓘ	500	4,293	-2,535	1,068	2,292	1,019	-1,961	5,471	-5,874	1,828

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	40.19	40.01	33.64	30.29	36.18	37.6	38.55	44.13	47.26	51.04
ROCE (%)	52.56	52.14	43.94	39.84	47.8	50.02	52.56	60.22	64.44	69.5
Asset Turnover Ratio	1.35	1.36	1.26	1.21	1.36	1.36	1.34	1.45	1.62	1.7
PAT to CFO Conversion(x)	0.97	0.79	0.96	0.97	0.91	1	1.19	1.04	0.99	0.96
Working Capital Days
Receivable Days	90	88	86	88	80	80	81	75	74	78
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Tata Consultancy Services Ltd Stock News

Tata Consultancy Services Ltd FAQs

What is the share price of TCS?

Company share prices are keep on changing according to the market conditions. The closing price of TCS on 21-Nov-2024 13:57 is ₹4,040.

What is the market cap of TCS?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 13:57 the market cap of TCS stood at ₹14,61,454.1.

What is the P/E ratio of TCS?

The latest P/E ratio of TCS as of 21-Nov-2024 13:57 is 30.93.

What is the P/B ratio of TCS?

The latest P/B ratio of TCS as of 21-Nov-2024 13:57 is 17.52.

What is the 52-week high and low of TCS?

The 52-week high of TCS is ₹4,585.9 and the 52-week low is ₹3,431.6.

What is the TTM revenue of TCS?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TCS is ₹2,09,166 ( Cr.) .

About Tata Consultancy Services Ltd

Tata Consultancy Services (TCS) was established in 1968 as a division of Tata Sons Limited. TCS was corporatized into a separate company with effect from 1st April 2004. Following a hugely successful IPO in July 2004, it was listed on the NSE and BSE on August 25, 2004. A part of the Tata group, India's largest multinational business group, TCS has many of the world's best-trained consultants in various countries.

TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index.

TCS considers industry verticals as its go-to-market business segments. The five key vertical clusters are: Banking, Financial Services & Insurance (BFSI), Retail and Consumer Business, Communications, Media and Technology (CMT), Manufacturing and Others. The last category includes Life Sciences and Healthcare, Energy, Resources and Utilities, Public Services and others.

Business area of the company

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering. This is delivered through its unique location independent agile delivery model, recognized as a benchmark of excellence in software development.

The company has domain expertise in a broad set of industries, comprising Banking, Financial Services and Insurance, Retail and CPG, Communication & Media, Manufacturing, Life Sciences & Healthcare, Energy & Utilities, Travel & Hospitality, Technology & Services and others. Geographically, TCS operates in all manyy continents, with North America and Europe constituting the largest markets for services. It derive revenues from emerging markets such as India, Asia-Pacific, Latin America and Middle-East & Africa.

Products and services offered by the company

Industries

Banking & Financial Services
Communications, Media & Technology
HiTech
Life Sciences & Healthcare
Public Services
Travel, Transportation & Hospitality
Consumer Goods & Distribution
Energy, Resources & Utilities
Insurance
Manufacturing
Retail

Services

Consulting
TCS Interactive
Analytics and Insights
Internet of Things
Blockchain
Cloud Infrastructure
Enterprise Applications
Microsoft Business Unit
Cognitive Business Operations
Conversational Experiences
Automation & AI
Engineering & Industrial Services
Cloud Apps, Microservices & API
Cyber Security
Quality Engineering

Products

Chroma
ignio
Jile
TAP
TCS iON
TCS OmniStore
Customer Intelligence & Insights
Intelligent Urban Exchange
Quartz - The Smart Ledgers
TCS BaNCS
TCS MasterCraft
TCS Optumera

Platforms

Advanced Drug Development
Connected Intelligence Platform
ERP on Cloud
TCS BFSI Platforms
TCS HOBS

Awards and Accolades

2013

Tata Consultancy Services Placed as a Leader in Oracle Application Management Services by Leading Research Firm
TCS Designated a Leader and 2012 Star Performer in Capital Markets Application Outsourcing by Everest Group Research.
TCS selected by Nokia as a global IT Partner -TCS adds over US $1 billion in brand value
TCS expands UK operations in Liverpool
TCS Placed as a Leader in Oracle Application Management Services by Gartner
TCS Receives Partner Excellence Award From Pegasystems, Inc.
TCS completes the acquisition of French IT Services firm ALTI
TCS Launches Mobile Telematics Solution for Auto Insurers
TCS BaNCS wins best custody solution at the 2013 Global Custodian Awards for Excellence
TCS wins multiple Corporate Engagement Awards in Europe

2014

TCS was Honored by Lumity as the 2014 Community Corps Corporate Champion
TCS Launches New Digital Software & Solutions Group to Transform Digital Commerce and Customer Centricity
Diageo selects TCS as a strategic partner
TCS Introduces New Software Assurance Solution Co-Developed with Nissan
TCS Recognized as a ‘Leader’ in Retail Banking BPO by NelsonHall
TCS UK wins Gold Award for ‘Innovation in Learning’
TCS Named Exclusive Certification Services Provider for CDMI Conformance Testing by SNIA
TCS Wins Prestigious Association of Management Consulting Firms Award
TCS wins Leading Vendor Award for Quality Assurance Services
TCS Positioned as a Leader in Capital Markets BPO by Everest Group
TCS UK recognized at Hr Network National Awards 2014
TCS Receives Top Workforce Award at the 2014 Diversity and Inclusion (DANDI) Awards Ceremony
TCS Launches User Experience Center of Excellence in Cincinnati, Ohio

2015

TCS has signed a multi-year partnership deal with UK-based leading airline, Virgin Atlantic Airways (VAA), -Virgin Atlantic Airways selects TCS to support Digital Transformation programme
TCS Research Scholarship Programme expands to reach 200 more Computer Science PhD's in India
Tata Consultancy Services consolidates its long term partnership with the City of Amsterdam
TCS has been recognised by Ovum as a leader in the Ovum Decision Matrix.
TCS Recognized as a Leader and Star Performer in Capital Markets Application Outsourcing Services by Everest Group
Europe's largest ever survey of business leaders ranks TCS #1 on both performance and customer satisfaction
TCS has won three different awards at the Brandon Hall Group Awards. -Singapore Airlines and TCS Introduce Mobile Solution for Cabin Crew
TCS recognized as the industry's fastest growing brand over last five years
TCS enters into strategic partnership with iRise
TCS Launches Business Process Innovation, Simulation & Visualization as a Service (VaaS)
Tata Consultancy Services Expands operations by opening a new Banking and Financial Services(BFS) center in Singapore.
TCS declares one-time bonus worth Rs 2,628 cr to its employees
TCS Wins 2015 SAP Pinnacle Award - Euroclear Finland launches Infinity, powered by TCS BaNCS for Market Infrastructure
TCS was ranked as the 57th leading brand in the US by Brand Finance
TCS Announces Premier Partnership with Adobe for Digital Marketing Solutions and Services -Over 80% of companies increased revenue by investing in Internet of Things: TCS study.
TCS Announces Global Strategic Partnership with FICO

2016

TCS Japan Starts a New Cloud Communication Infrastructure Service ''ASTEPLUG Cl'' for Mitsubishi Corporation Group.
TCS Recognized as a Leader in Workplace Services by Independent Research Firm
Tata Consultancy Services Launches Optumera and OmniStore Retail Solutions.
TCS Recognized as a Leader in Manufacturing Service Life-Cycle Management by IDC Marketscape
TCS Launches Voice over LTE solution
TCS Launches its Digital Reimagination Studio in Silicon Valley
TCS recognised as ''Superbrand'' in the UK
TCS recognized as a Global Top Employer
TCS Recognized as a Leader and Star Performer in Healthcare Payer IT Services for Second Consecutive Year by Everest Group
TCS Recognized as a Leader in Magic Quadrant for Application Testing Services for Third Consecutive Year by Gartner

2017

Recognized as one of the Top Regarded Companies and one of the World’s Best Employers in the Forbes 2017 Global 2000 list
Ranked No 1 in the BT 500 - India’s Most Valuable Companies 2017.
Topped the BW 500 Real rankings in the technology space - 2017
Won the CII Industrial Intellectual Property Award 2017.
Won two awards at the Express IT Awards 2017 for `IT Innovation in large enterprise category’ and `Mobility Solutions category’.
Bagged multiple awards at the Asian Banker Technology Innovation Awards 2017.
TCS’ Singapore Marathon App won the award for the Best Mobile App for Media, Entertainment & Social Media at GSMA’s Asia Mobile Awards 2017.
The TCS New York City Marathon App, named the Consumer App of the Year for the second consecutive year, also won the Gold award at the Best in Biz Awards 2017 International.
Awarded Gold for its BridgeIT Program at the India Digital Awards 2017, under ‘Best Use of Internet for Social and Economic Development’ category by the Internet & Mobile Association of India (IAMAI).
TCS’ Passport Seva won two CSI Nihilent eGovernance Awards 2017 at the 52nd CSI annual convention
Named as Best Company for Diversity and Inclusion at the 2018 Women in Technology and Data Awards, hosted by Waters Technology
Recognized as Most Admired Knowledge Enterprise at the KM India Summit organized by CII
Won the `Project of the Year - Contribution to Community’ for the BridgeIT program at PMI India Awards 2017
Won multiple awards at the Oracle Excellence Awards 2017 : Oracle Global Partner of the Year Award for PaaS/IaaS Cloud Specialty, Oracle Customer Advocacy Award for EMEA, Oracle 2017 Specialized Partner of the Year - INDIA Regional Partner of the Year
Won the Adobe System Integrator Partner of the Year 2017 Award in India Ranked among the Most Honored Companies in Asia, and rated the Best Investor Relations Professional, Best Investor Relations and Best IR website in the region in Institutional Investor’s 2017 Annual All Asia Executive Team rankings
CFO, Ramakrishnan V., awarded the ‘Creating Shared Value CFO’ at the Yes Bank - BW Best CFO Awards 2017.

2018

Ranked as the fastest growing IT Services brand by brand value, and as one of the Top 3 Global Brands in IT Services globally in 2018 by Brand Finance.
Recognised as a prominent ‘Technology Partner’ at the Manufacturing Leadership 100 Awards for the fourth time.
Ranked as a Top Employer globally for the third year running by the Top Employer Institute, including in leading regions such as North America, UK, Europe and LatAm.
Named among the Top job creators in the US IT Services Sector by The Cambridge Group.
Recognized as one of the Achievers 50 Most Engaged Workplaces in North America, for the fifth consecutive year
Won the Editor’s choice Award for Best Learning Execution at the Chief Learning Officer Magazine’s 2017 Learning Elite Awards
Won the `Innovation in Talent Development’ Award and `Excellence in Practice’ recognitions at the Association for Talent Development (ATD) Conference in Atlanta
Named in Fortune’s annual list of the Top 50 Companies that are changing the world, for mKrishi
Awarded the Gold rating certificate by EcoVadis for the fourth time in a row Included in the Global Dow Jones Sustainability Index (DJSI) for fifth consecutive year.
Included in the FTSE4Good Emerging Index
Recognized as a Leader in Climate Change efforts by CDP (formerly Carbon Disclosure Project)
Won the ‘Social Responsibility Project of the Year’ for the second year in a row at the North American Employee Engagement Awards
Received Eight Brandon Hall Group Awards covering Excellence in Learning, Leadership Development, Talent Management and Talent Acquisition.
Won the Best Supplier Award from Ericsson
Won the Oracle Integrated Cloud Partner of the Year Award in UK & Ireland
Won the Global Partner of the Year Award in Business Excellence from Cloudera
Named as the Dell Boomi European, Middle East and Africa Region Implementation Partner of the Year
Recognized as Cisco’s IT Service Provider Partner of the Year for Cloud Excellence

2019

Recognized as a Global Top Employer for the fifth consecutive year by the Top Employers Institute for exceptional progressive workplace policies, culture, continued investments in its workforce, advanced digital up-skilling and local hiring practices. In addition, TCS has been certified as the Number One Top Employer in Europe, MEA and APAC, and in 11 countries: Argentina, Australia, Belgium, Chile, Denmark, Germany, Hong Kong, Saudi Arabia, United Arab Emirates, the United Kingdom, and the United States.
Recognised in Diversitylnc's Top 50 Companies for Diversity in America for its Investments and Efforts in Diversity and Inclusion, Leadership Accountability, Talent Programs, and Workplace Practices
Won Community Business' 2019 D&l Pioneering Initiative Award for the Allies of Diversity Conclave.
Won the US Chamber of Commerce Foundation's 2019 Citizens Award in the category of Best Commitment to Education Program for the Ignite My Future in School (IMFIS) program. ICS Annual Report 2019-20
Presented with Three Stevies' for Workforce Development and Community Initiatives in Canada -a Gold Stevie for Best CSR Strategy, a Silver Stevie for Best Learning and Development Strategy, and a Bronze Stevie for Achievement in Workforce Development and Learning.
The SMU-TCS iCity Lab's SHINESeniors project won Constellation Research's 2019 SuperNova Award in the category Al & Augmented Humanity.
Named America's Most Community-Minded Information Technology Company for the second consecutive year, in the 2019 Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service.
Won 4 Stevies at the 2019 American Business Awards-1 Gold Stevie each for Corporate Social Responsibility Program of the Year and Fastest Growing Tech Company of the Year, 1 Silver Stevie for Mobile Marketing Campaign of the Year, and 1 Bronze Stevie for Human Resources Department of the Year.
Won the Organization for International Investment's CSR Award in partnership with Discovery Education for the Ignite My Future in School (IMFIS) program.
Awarded the 2019 New Partner of the Year by ivalua.
TCS' ECP Alpha Architecture implementation awarded the 'Architecture Excellence Award' by Cisco.
Won the Salesforce Partner Innovation Award in the 'Emerging Product' category.
Won the UiPath Automation Excellence Award in the category 'Fastest and Most Efficient Scaling'.
Recognized by Adobe as the Customer Success Partner of the Year at Adobe's India Symposium 2019. Recognized for Excellence in Digital Transformation in the 2019 Pega Partner Awards, for developing and delivering digital process automation (DPA) solutions for clients within the financial services industry. ICS Enterprise Cloud Platform won the Best Innovation Award in Australia at the 2018 Equinix Partner Awards.
TCS Colombia won 2019 Microsoft Partner of the Year for DevOps and Alliance Global SI in Colombia.
TCS was recognized as Oracle's HCM Cloud Partner of the Year for The Netherlands.

2020

TCS BaNCS positioned as leader in P&C Claims Management Systems by Independent Research Firm
TCS positioned as leader, star performer in Everest Group PEAK Matrix
TCS ranked one for customer satisfaction by leading Swiss Companies
TCS recognized as US Superbrand for Strength of Business Reputation and Community Impact
TCS named as leader in Telecom, Media sector
TCS named as leader in quality engineering services by NelsonHall
TCS wins Migration Success Partner of the year award
TCS wins four Stevies awards at 2020 International Business Awards
TCS receives Brandon Hall Awards for Talent Management & Excellence in Learning
TCS recognized as leader in Cloud-Native Application Development Services
TCS BaNCS features as leader in Gartner Magic Quadrant for global retail core banking
TCS features as leader in IDC MarketScape for Americas Business Consulting Services
TCS recognized with overall positive vendor rating by Gartner Inc
TCS features as leader in Digital Workplace Services by Everest Group
TCS wins 18 Stevies at 2020 Great Employers Awards
TCS features as leader, star performer in Everest Group PEAK Matrix
TCS features as leader in IDC MarketScape for SAP next-generation implementation services
TCS features as leader in Life, Annuities & Pensions BPS

History timeline of TCS

1968- Tata Consultancy Services launched as a division of Tata Sons on April 1, 1968, as a management and technology consultancy that would create demand for downstream computer services. FC Kohli, a brilliant technocrat, was brought in from the Tata Electric Companies as a General Manager to run this start up.
1970- Acquired an ICL 1903 in 1970 that was originally imported by the Calcutta Electric Supply Company but had remained unused because the unions wouldn’t stand for it. However, as per the rules of the Government of India’s newly set up Department of Electronics, TCS had to commit to export twice the value of the imported computer over the next five years. This effectively oriented view towards outside markets.
1970- Started building software for common processes like financial accounting, share registry work, sales analysis, inter-bank reconciliation, provident fund accounting et al, and operating that software on behalf of customers.
1971- Won the first overseas assignment from a middle-eastern power generation and distribution company for management consultancy services to organize their stores and build a computerized inventory control system.
1973- Partnered with Burroughs to distribute and support its products in India as well as build software that would be exported to various Burroughs units and clients across the world.
1973- Converted a hospital accounting system written in Burroughs Medium Systems COBOL to Burroughs Small Systems COBOL. At this point, TCS did not yet have a Burroughs computer on which to carry out the conversion. The team improvised by writing a ‘filter’ in assembly language on the ICL 1903 to parse the source code and convert it to the Small Systems version. This was the very first recorded instance of an offshore software delivery done out of India, 45 years ago, accomplished using automation.
1974- Executed very first project involving the full software development lifecycle when it built a financial accounting package for two building societies in the UK on behalf of Burroughs. A two-member team gathered the requirements onsite, while a six-member team wrote the code in Bombay. The young chartered accountant who wrote the specifications, S Mahalingam, went on to accomplish many more firsts at TCS over the next 38 years, and was CFO from 2004 to 2013.
1974- Won first independent software assignment from the Police Department of the City of Detroit.
1976- Crossed the $1 Million mark in export revenues, winning the top exporter award from the Engineering Export Promotion Council in 1976-77.
1979- Set up first sales office in New York, headed by S Ramadorai. One of first major clients was the Institutional Group Information Corporation (IGIC).
1981- FC Kohli’s farsighted vision for TCS is most evident in the creation of the Tata Research and Design Development Centre (TRDDC) in Pune, India, marking the start of signature focus on computer-aided software engineering i.e. a structured, tool-driven approach to software development using process automation.
1981- Created an end-to-end advanced system to manage customer relationships for the Western Trust and Savings Limited (WTSL). The scale and complexity of this 135 person-years project helped TCS gain experience in executing large projects, deep knowledge of the retail banking sector, and expertise in IBM Mainframe technology.
1982- Built the Advanced Data Dictionary (ADDICT), a global repository of project information, with a vast and advanced nomenclature that gave users a holistic view of an entire project and processes.
1983- Engaged with Swiss National Bank in the first and largest offshore project done out of Delhi center. Until then, Bombay had been TCS’ only offshoring destination.
1984- Launched the Falcon (Fast Access Local Computer Network), a result of TCS’ research into integrated heterogeneous computer networks, creating the first fault-tolerant, multi-user, multitasking Windows-type capability, ahead of commercial products that became industry leaders in later years.
1987- Set up the IBM mainframe Center of Excellence in Madras. The next year, imported and installed an IBM 3090 mainframe here, making it the largest mainframe site in India for several years. This investment opened up the large IBM mainframe opportunity to TCS.
1987- Launched Casepac, a computer aided software engineering tool, for IBM Mainframes.
1987- Set up a specialized group, marking the beginning of the engineering services business after recognizing the opportunity created by the advent of CAD/CAM/CAE.
1988- Made a foray into the packaged software market in India with the Masterkey suite consisting of Business Manager System (BMS), a multi-user software, designed for the new Unix-based minicomputers, a project management tool (PRISM), and a package for structuring oral and written communication (Thought Prompter).
1988- Launched the Integrated Standard Banking System which automated branch banking functions and customer services. It was quickly adopted by many banks in India.
1989- Signed a $10 million deal with the Swiss Securities Clearing Corporation (SEGA), the largest signed until then, to design, build, and implement the world’s first real-time domestic and cross border securities clearing and settlement system.
1990- Migrated core life and pensions systems from a CDC Cyber mainframe to an IBM 3090 mainframe, with underlying data pertaining to 3 million policies for Sun Life Assurance. The project bagged a medal from the British Computer Society as an outstanding project done in the area of computers.
1991- Launched a user friendly accounting software package called E.X. in India. Billed the ‘world’s friendliest business accounting software’, E.X. went on to become a market leader in India in subsequent years.
1991- Entered into a joint venture with Swissair to set up the Airline Financial Support Services, to handle its revenue accounting operations. This was first foray into the business process services market.
1992- Set up the core trading platform for the newly created National Stock Exchange, which changed the way capital markets worked in India.
1995- Launched the Network Custody System (NCS), a new product to meet regional clearing and custody functions, in partnership with Standard Chartered Bank in Singapore. The product went on to become a runaway hit, adopted by leading custodians and other market participants across the world.
1996- After 22 years at the helm during which he built and shaped the company, F C Kohli stepped down from his executive role in 1996 and was named Vice Chairman. Subramanian Ramadorai, who had set up TCS’ operations in the US in 1979 and had subsequently become a Senior Vice President and Deputy COO, was formally named the CEO.
1996- Set the record for the fastest implementation of a depository system anywhere in the word by building the core platform for the National Securities Depository Limited, the first electronic depository in India, in less than five months.
1997- Participated significantly in the Y2K remediation opportunity, by pioneering the concept of a software factory. Used a highly automated approach by leveraging special tools developed for Y2K conversion, to minimize human intervention, and remediated about 700 million lines of code.
1997- Launched Quartz, a world-class wholesale banking software, in collaboration with three Swiss banks. It was designed as a modern universal banking platform and catered to front, middle, and back office banking functions covering retail and private banking needs.
1999- Achieved CMM level 5 status at two of offshore development centers in Chennai, India.
2000- Unveiled a new $2 Million global e-business development facility at Mumbai. It aggressively pursued the e-business opportunity, and grew it into a significant business over the next few years.
2001- Won the largest banking software project in India, to implement a core banking solution at State Bank of India across 13,000 branches, including seven associate banks.
2001- Set up the first European nearshore development center in Hungary to address regional demand from the same time zone. This and the 10 centers in the US, along with the large Cincinnati center opened in 2008, formed the core of what would eventually grow into the Global Network Delivery Model (GNDM™) consisting of over 140 centers across 19 countries.
2002- Began operations in China with an office in Shanghai and inaugurated the first global development center in Uruguay, the first foray into both countries by an Indian company.
2002- Signed the first $100 Million deal with GE Medical Systems, the largest single contract ever won by an Indian software services company till then.
2003- Crossed the $1 Billion mark in annual revenue. Then-CEO S Ramadorai formally unveiled the vision statement, ‘Top 10 by 2010’. This goal was achieved before time in 2009, when TCS finally broke into the ranks of the top 10 global IT service-providers in terms of revenue, profitability, number of people and market capitalization.
2004- Debuted at the National Stock Exchange (NSE) and Bombay Stock Exchange with an initial public offering (IPO) that was termed the largest in India at the time, by a private sector company. Priced at Rs. 850 per share of Rs. 1 at par, the IPO was oversubscribed 7.7 times, and listed on the NSE at Rs 1199, making it the third most valuable company in India then. 2005
2005- Launched the ‘Experience Certainty’ tagline.
2005- Won a deal valued at $847 million (£486 Mn) to provide insurance back office transaction processing services to the UK-based Pearl Group.
2005- Acquired Sydney-based Financial Network Services for approximately US$ 26 million and Chilean business process outsourcing company, Comicrom, for $23 million.
2005- Introduced two new service lines, Remote Infrastructure Management and Business Process Outsourcing, marking the formal launch of full services strategy.
2008- Acquired Citigroup Global Services Ltd (the erstwhile eServe Ltd), the back office operations of Citigroup in India for $505 Million.
2008- Reorganized ourselves into a predominantly verticalized, modular structure composed of about two dozen industry solutions units, each with end to end responsibility for a set of customers within an industry vertical, and owning its own profit & loss (P&L) account.
2008- Signed a Rs 10 Billion deal with the Government of India’s Ministry of External Affairs, for the Passport Automation Project. Since then, it have opened and managed 77 Passport Seva Kendras (help centers) across India.
2009- S Ramadorai, who led TCS for 13 years, and had grown its revenues from $140 Million to over $6 Billion, stepped down from his executive position, making way for N Chandrasekaran, then Chief Operating Officer, to take over as the CEO & MD.
2010- Became the second largest player in the UK life and pensions third party administration market after signing megadeals with companies like Phoenix group, National Employment Savings Trust, and Friends Life.
2011- Launched iON, a fully integrated cloud-based, pay-per-use platform for Small and Medium Businesses in India.
2011- Formally used the term ‘Digital’ to describe a new crop of technologies that helped enterprises deliver a superior customer experience; launched a whole crop of new services and solutions leveraging mobile, social, cloud and big data analytics technologies.
2011- Became the first software firm to be assessed at CMM Level 5 enterprise-wide in software services and development.
2012- Crossed $10 billion in revenue.
2013- Acquired French IT services firm ALTI SA, one of the top five package implementers in France.
2014- Launched a cognitive automation product, ignio that uses its large body of knowledge and contextual awareness to diagnose and autonomously fix problems that arise in complex enterprise IT environments, and continuously get better over time.
2014- Then-CEO, N Chandrasekaran coined the term `Default is Digital’ to describe the ubiquity of the new Digital technologies and also came up with the Digital Reimagination framework that used the five digital forces to help enterprises to become smarter and deliver a superior customer experience.
2014- Acquired Mitsubishi Corporation’s IT arm in Japan.
2014- Opened Saudi Arabia’s first all-women BPO center in Riyadh, soon after which, women in TCS crossed 100,000.
2015- Cloud Platforms (iON assessments, financial inclusion, HR, financial accounting, TAP™, procurement, and analytics) crossed the $100 Mn revenue mark.
2015- Articulated “There are only legacy technologies, no legacy people”. Digital reskilling of the workforce at scale using the Digital Learning Platform that combines physical, virtual and experiential learning anywhere, anytime and on any device. Over 120,000 employees trained in the first year, resulting in 349,000 competencies acquired.
2016- Opened Executive Briefing Center in Mumbai, India, and the Digital Reimagination Studio in Santa Clara, CA.
2017- Tata Sons appointed Chandra as the Chairman of the Tata Group. The TCS Board appointed then-CFO Rajesh Gopinathan as the CEO and Managing Director, N Ganapathy Subramanian as COO and Executive Director and V Ramakrishnan as CFO. The transition was seamless, and subsequent changes to the organization and the launch of new Digital Transformation service practices – were incremental and evolutionary.
2017- Unveiled the Business 4.0 thought leadership framework to help customers leverage digital technologies to further their growth and transformation agendas during the fourth industrial revolution.
2017- Instituted the largest ever buyback in the history of the Indian capital markets, returning Rs 16,000 crore ($2.4 billion) to shareholders.
2018- Signed three large, industry-defining digital transformation deals. In the largest ever deal signed by TCS, it partnered with Transamerica to replace their fragmented legacy core with a new, cloud-based digital one on the TCS BaNCS Insurance platform. The other two deals, with M&S and M&G Prudential in the United Kingdom, will leverage digital technologies to transform their operating models to adapt to a Business 4.0 world.
2018- Ranked among the top three most valuable brands in the global IT services sector, and named the fastest growing IT services brand in an assessment done by Brand Finance. The company also ranked as the Top Employer globally by the Top Employer Institute, and among the Best Employers by Forbes.
2019- Declared a special dividend of Rs 40 per share, amounting to over 15,000 crore paid out to shareholders over and above the regular dividends.
2019- Launched the Quartz DevKit to accelerate enterprise adoption of blockchain technology. The DevKit abstracts out the complexity of blockchain programming and provides enterprises with a low-code means to quickly and easily build blockchain-based applications on popular platforms.
2019- Expanded strategic partnership with Phoenix Group to digitally transform Standard Life’s pensions and savings operations by moving 4.2 million policies to the TCS BFSI Digital Platform.
2019- Chosen by the Reserve Bank of India as its strategic partner to design and implement an AI-based centralized information and management system that will collect, review and analyze data, enabling data-driven business decision-making for better regulation of financial markets and better tracking of the country's economic growth.
2019- Increased holding in TCS Japan Ltd, the Company’s joint venture with Mitsubishi Corporation, from 51% to 66%, reiterating TCS’ commitment to the Japanese market. This is the latest in a series of investments made by TCS in recent years to cater to the specific needs of Japanese corporations.
2019- Canada’s food and pharmacy leader, Loblaw, successfully deployed ignio, TCS cognitive automation software, as part of its IT transformation program. ignio has helped reduce the mean time to resolve outages to 3 - 6 minutes, and automate over 20% of incidents and alerts in the first ten months. The reduced outages and faster resolution have resulted in a superior online shopping experience for end customers.
2019- Established a strategic partnership with General Motors for global vehicle design and development including vehicle styling, EV battery, motor design and advanced virtual simulations to set new benchmarks in driving experience, safety and emissions.
2020- TCS’ software venture launches ignio AI.Assurance.
2020- TCS’ strategic unit accepting registrations for third edition of TCS iON IntelliGem
2020- Tata Consultancy Services has been selected by ABB Information Systems for transforming its hosting infrastructure and cloud service management.
2020- TCS partners with Transnet Port Terminals
2020- Tata Consultancy Services has expanded its strategic partnership with Coop Sweden, one of the largest grocery retailers in the country, to develop a new, future-ready digital core as part of the latter’s retail business transformation program to support its growth strategy.
2020- TCS has partnered with Phoenix Group, the UK’s largest long-term savings and retirement business, to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance Limited business.
2020- TCS has expanded its partnership with Morrisons, a leading supermarket chain in the UK, through a five-year contract for application management services, data services and cyber security services.
2020- TCS has partnered with Maurices, a women’s fashion-apparel retail chain in the US and Canada, to help create a new flexible and scalable IT landscape for the latter.
2020- TCS has launched 10 new Threat Management Centers across the globe that will focus on providing cyber security services to its enterprise customers.
2020- TCS and the University of Tokyo (UTokyo), have entered into a strategic partnership to conduct joint academic-industry research.
2020- Tata Consultancy Services (TCS) is engaged in a strategic partnership with AGL to deliver the latter’s organisation-wide cloud transformation program, aimed at enabling its growth strategy and achieving its vision of becoming a digital utility of the future.
2020- Tata Consultancy Services (TCS) has entered into agreement with Prudential Financial, Inc. (PFI) under which TCS will acquire the staff and select assets of Pramerica Systems Ireland (Pramerica), PFI’s subsidiary based in Letterkenny, Ireland.