Tata Consultancy Services Stock

TATA Consultancy Services Limited operates as an information technology (IT) services, consulting and business solutions company. The company is a subsidiary of Tata Sons Private Limited.

The company offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The company has over 448,000 of the world's best-trained consultants in 46 countries.

The company’s geographic footprint covers North America, Latin America, the United Kingdom, Continental Europe, the Asia Pacific, India, and the Middle-East and Africa.

The company 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.

In addition to its own intellectual capital, the company partners with leading technology providers, start-ups and academic researchers to leverage their intellectual capital and build solutions.

The company’s principal related parties consist of its holding company, Tata Sons Private Limited and its subsidiaries, its own subsidiaries, affiliates, and key managerial personnel.

The company operates through Banking, Financial Services and Insurance; Manufacturing; Retail and Consumer Business; Communication, Media and Technology; and Others, such as Energy, Resources and Utilities, Life Sciences and Healthcare, s-Governance and Products.

Ignio, a cognitive automation solution, was significantly enhanced in 2019. TCS MasterCraft products have 110+ active customers. New features added in 2019 include TransformPlus for application translation and cloud migration, and DataPlus for personal data protection in India. Jile 4.0, a new version of the flexible, agile planning and delivery offering was launched.

TCS Pace Port delivers speedy, collaborative innovation to customers by providing access to COIN accelerators and academic research, in agile workspaces with innovation showcases. TCS Pace Port New York, located in the Tata Innovation Center at Cornell Tech campus, was launched. It focuses on retail, travel, transportation, hospitality and life sciences industries. TCS Pace Port Tokyo completed a year in November 2019 and continues to grow in terms of customer visits and downstream innovation led engagements.

The company leveraged both the academic research ecosystem and the emerging technology ecosystem for collaborative research as part of its Co-Innovation (TCS COIN) Program. It has 50+ projects in emerging technologies with global academic institutes. The emerging tech COIN program is embedding itself in customer projects.

As of March 31, 2020, the company had applied for 5,216 patents cumulatively. The company has been granted 1,341 patents.

Suite of Products and Platforms

TCS BaNCS

TCS BaNCS administers over 20 million life, annuity and pension policies; and 135 million property and casualty policies.

TCS iON

TCS iON is a virtual learning platform, made available to educational institutions across the country shut down by lockdown, free of cost. 2,000 institutions resumed their teaching sessions in a span of one week since launch. As of December 31, 2019, 200 million+ candidates were assessed. The company has 3 million+ learners on the platform; 47,000 courses available; 18,000 communities; 500+ SMB clients; and 1 million+ users.

Ignio

Ignio is a cognitive automation software for enterprise IT and business operations. Ignio has 54 new wins and 34 go-lives in 2020. Ignio has 12 VARs and distributors; and 13 tech and cloud partners in 2020. Ignio manages over 1.5 million technology resources autonomously.

TCS ADD

TCS ADD has suite for digital transformation of drug development and clinical trials. TCS ADD has 9 new wins in 2020. TCS ADD has 6 new offerings enabled by AI and predictive analytics launched in site feasibility, safety leveraging decision fabric, clinical analytics and insights platform, regulatory insights, metadata registry, and digital documents.

TCS HOBS

TCS HOBS is a plug and play SaaS based business platform to digitally transform business, network and revenue management domains of subscription based businesses. TCS HOBS serves 27+ clients, across communications, utilities, manufacturing and personal care. TCS HOBS serves 21 million+ subscribers, handling 125,000+ devices and processing 1 billion+ events. TCS HOBS has 5 new wins and 4 go-lives in 2020.

TCS TwinX

TCS TwinX is an AI powered system of actionable intelligence – powered by an enterprise digital twin (customer, product, and process) to help business leaders simulate and optimize enterprise decisions, predict and proactively manage outcomes. TCS TwinX has 2 new wins and go-lives in 2020.

TCS Optumera

TCS Optumera is an AI and ML powered merchandise optimization platform that enables retailers to unlock exponential value by optimizing their space, mix and price in an integrated manner. TCS Optumera has 4 new wins and 1 go-live in 2020.

TCS OmniStore

TCS OmniStore has unified store suite, which leverages AI to help deliver personalized, interconnected journeys across various touch points for frictionless customer experience and predictive operations. TCS OmniStore 4 new wins and 2 go-lives in 2020.

Mastercraft

Mastercraft is a digital platform to optimally automate and manage IT processes. Mastercraft has 29 new wins, 1 billion+ records cleansed, 110 billion records masked, 500+ million lines of code (mloc) analyzed, and 25+ mloc generated in 2020. Mastercraft successfully delivered 60+ modernization projects so far.

Jile

Jile is a SaaS-based Agile DevOps platform to accelerate software development and delivery and integrate DevOps tools. Jile has 8 new wins and go-lives in 2020.

Research and Development

The company’s research and development expenditure, including capital expenditure, aggregating 306 crore was incurred in the year ended March 31, 2020.

Significant Events

In September 2021, Tata Consultancy Services Limited announced a strategic partner agreement with NICE Ltd. to expand markets for financial crime solutions to TCS’s broad customer base focused on banking, insurance, and other financial services organizations.

History

TATA Consultancy Services Limited was founded in 1968. The company was incorporated in 1995.