Tata Consultancy Services (TCS) is a Mumbai-based multinational company that offers information technology (IT) services and consultancy.
TCS is one of the most valuable IT service brands in the world and the second-largest Indian company in market value as of right now. One of the highest-ranked suppliers of IT services and a leading Indian firm, TCS was ranked 64th overall in the Forbes list of the “World’s Most Innovative Companies” in 2015.
A branch of Tata Sons Ltd established Tata Consultancy Services Limited, which had previously been known as Tata Computer Systems, in 1968. Early contracts included providing bureau services to Unit Trust of India, working on an Inter-Branch Reconciliation System for the Central Bank of India, and supplying punched card services to sibling business TISCO (now Tata Steel).
For SIS SegaInterSettle, a Swiss business, TCS supplied an electronic depository and trading system called SECOM in 1975. TCS also created System X for the Canadian Depository System and computerised the Johannesburg Stock Exchange. TCS teamed with TKS Teknosoft, a Swiss company it eventually bought.
Tata Research Development and Design Centre (TRDDC), the first centre in India solely dedicated to software research and development, was founded by TCS in Pune in 1980. It opened India’s first client-specific offshore development centre in 1981 for customers Tandem. Integrity Software Corp, a Canadian software company that TCS later purchased, and TCS cooperated in 1993.
TCS started to trade publicly on August 25, 2004.
TCS modified its slogan from “Beyond the Obvious” to “Experience Certainty” the same year it became the first Indian-based IT services business to enter the biotechnology sector.
With cloud-based products, TCS firstly entered the market for small and medium-sized businesses in 2011. TCS first produced yearly revenues of above US$10 billion in the 2011–12 fiscal year.
The company announced a partnership with payments technology firm Aurus, Inc. in January 2017 to provide payment solutions for retailers using TCS OmniStore, a pioneering unified store commerce platform. The Chinese government and TCS China formed a joint venture that same year.
In a large transaction in March 2018, Tata Sons sold TCS stock for $1.25 billion.
Four Stevies’ 2019 American Business Awards went to TCS.
The most valuable IT company in the world as calculated by market value is TCS, which surpassed Accenture on October 8, 2020. On January 25, 2021, TCS temporarily overtook Accenture in market value to take over as the most valuable IT business in the world. On the same day, TCS surpassed Reliance Industries to become the most valuable company in India. Tata is one of India’s major employers in 2021 and will hire 43,000 people in 2022. The company’s motto was modified from “Experience Certainty” to “Building on Believe” under the direction of Rajashree R, TCS Chief Marketing Officer (CMO).
The Unique Identification Authority of India (UIDAI) chose TCS and consortium partner Neurotechnology in May 2021 to supply biometric technology for the Aadhaar digital ID scheme. Because it currently includes a database of more than 1.3 billion citizens, the Aadhaar programme has been dubbed the “most sophisticated ID scheme in the world” by World Bank Chief Economist Paul Romer.
