Tata Consultancy Services (TCS)

Tata Consultancy Services is an Indian company founded in 1968 that specializes in the provision of IT services and consulting activities. Headquartered in Mumbai, the company has 147 offices in 46 countries.

History

2021: Recruitment of 40,000 employees

In mid-July 2021, Tata Consultancy Services (TCS) announced the recruitment of more than 40,000 employees from university campuses in India. India's largest IT service provider will significantly increase its workforce in fiscal year 2021-22.

The executive operating officer of the company Ganapathy Subramaniam noted that in the country there is no lack of talents. Meanwhile, the number of TCS employees exceeded the mark of 500,000 people. The net growth of the TCS for 2021 was 20,409 people.

Indian IT giant Tata Consultancy Services recruits 40 thousand employees

Our staff is still very diverse and includes 155 nationalities. Women make up 36.2% of the labor force, "said the company's executives.

They also reported that in the first quarter of 2021, new and old employees underwent more than 10 million hours of training. In total, more than 478,000 staff were trained in Agile techniques and more than 407,000 staff were trained in a number of new technologies.

On India's university campuses, we hired 40,000 people in 2020. We will continue this path and intend to hire over 40,000 people in India in 2021, "says Milind Lakkad, head of human resources.

According to him, it takes a lot of time to hire employees from university campuses, so it takes more than three months before new personnel begin full-fledged work on projects.

Rajesh Gopinathan, Executive and Managing Director of Rajesh Gopinathan, is often asked if the TCS organization is too large for adequate management. He replied that the carefully designed structure of the company allows it to work effectively, maintaining flexibility and control over the situation. In particular, TCS management has broken down the organization into small autonomous entities with support from above, which helps solve complex problems.^[1]

2020: Purchase of Deutsche Bank subsidiary - Postbank Systems

On November 9, 2020, India's largest IT company Tata Consultancy Services (TCS) announced the purchase of Deutsche Bank's subsidiary Postbank Systems. The financial component of the transaction, which is planned to be closed before the end of the year, is not disclosed. The deal must first be approved by regulators. More details here.

2019: Revenue - $29.9 billion

According to the results of financial 2019, which ended for the company on March 31, revenue amounted to $29.9 billion, showing an annual growth of 9.6%. Net profit amounted to $4.5 billion with an increase of 12.2%.

2017: Rajesh Gopinatan - new CEO

On January 12, 2017, it became known about the change of CEO of Tata Consultancy Services (TCS). The largest Indian IT company and the largest software exporter in Asia was headed by Rajesh Gopinatan. More details here.

2016: $960 million fine for stealing secrets of American Epic Systems

In mid-April 2016, Tata Consultancy Services was found guilty of stealing commercial secrets belonging to the American manufacturer of medical software Epic Systems. India's largest IT outsourcer has been fined almost $1 billion, but he intends to appeal the court verdict.

Epic Systems filed a lawsuit against Tata Consultancy Services in 2014, accusing the Indian company of "cheekily" downloading technical documentation for the plaintiff's software as part of a project to install this software on Kaiser Permanente hospital computers. Downloaded confidential information and other trade secrets that fell into Tata Consultancy Services were subsequently used in the work of Med Mantra's own service, competing with Epic Systems solutions.

Tata Consultancy Services was found guilty of stealing commercial secrets belonging to US medical software manufacturer Epic Systems

On April 15, 2016, a jury in Wisconsin (USA) found Tata Consultancy Services guilty in a lawsuit by Epic Systems and decided to recover $940 million from an Indian company, of which $240 million should go as compensation for damage caused by Epic Systems. Tata Consultancy Services announced its intention to appeal.

The jury's decision on the measure of responsibility and punishment came as a surprise to the company, which believes that they are not supported by the evidence presented during the trial, Tata Consultancy Services said in a statement. - The company did not tolerate any abuse or benefit from documents downloaded from Epic Systems user portal.

Tata Consultancy Services also noted that the judge presiding over the meeting questioned the method of calculating losses of Epic Systems, so the amount of the fine will most likely be reduced.^[2]

2011: Agreement with the Russian Universal KUBE and implementation in Binbank

In 2011, Tata Consultancy Services entered into a partnership agreement with the Russian integrator Universal KUBE. The first client of the partners was Binbank, which has already implemented an automated system owned by Tata.

As it became known to RBC daily, Tata Consultancy Services entered the Russian market with a platform developed specifically for Russian banks. Tata management found it more effective to conclude a partnership agreement with the Russian company Universal KUBE, and not to open an office in Russia. According to a source on the market, the development of a full-fledged solution for the Russian market took two years, and the license cost Tata's first client in Russia - Binbank - $10 million.

According to the representative of the Russian side, Universal KUBE CEO Sergei Vikhrov, "under the agreement, Universal KUBE will be responsible for marketing in the local market, have the right to introduce technology and generally act as an intermediary of Tata negotiations with Russian banks. As a profit, the Russian side will receive commissions from transactions from the purchase of licenses for software. "

"In the near future we expect increased demand for TCS products from financial institutions of Russia, Ukraine and the Republic of Belarus, "said Ganapati Subramaniam, president of TCS Financial Solutions," Tata chose Universal KUBE as a partner in Russia, which has unique expertise in introducing and maintaining various banking platforms and at the same time excellent knowledge of our products that will represent our interests in the CIS countries. "

"The segment of banking systems is one of the rare cases when domestic manufacturers steadfastly hold defense against Western competitors. The Central Bank helps them in this with its unique, unparalleled reporting system in the world, which also changes regularly. Thanks to this feature, Western ABS are introduced in Russia with difficulty, even in foreign banks. Although bankers really want them right from the first days of the formation of the Russian banking system, "says Contour Components CEO Nekrasov Vladimir

Western systems are often designed decades ago, have an outdated architecture, non-ideal compared to Russian developments technical solutions. But in them there is something that Russian business as a whole is sorely lacking, and banking in particular, calculated to trifles, business processes carefully thought out and materialized ON in the methodology.

"In recent years, an epic battle has been unfolding on this market for customers between Russian and foreign vendors," summarizes Vladimir Nekrasov.

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