Tata Consultancy Services Ltd (TCS)
₹3004.55▲0.24%
Key Stats
₹2950.1
Day's Price Range
₹3019.7
₹2926.1
52-Week Price Range
₹4043
| Returns | |
| 1 Month Return | -4.3 % |
| 3 Month Return | -9.59 % |
| 1 Year Return | -20.62 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 6
28.49
EPS
Rank 4
₹105.18
BVPS
Rank 5
₹242.22
Dividend Yield
Rank 3
1.2%
ROE
Rank 1
50.76%
Price To Book Ratio
Rank 8
12.37
Debt To Asset
Rank 3
0.37
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Company Information
Tata Consultancy Services Ltd is a leading global IT services consulting and business solutions organization offering transformational as well as outsourcing services to global enterprises. It has a global presence deep domain expertise in multiple industry verticals and a complete portfolio of services consisting of consulting and service integration application services digital transformation services cloud services engineering services cognitive business operations and products platforms targeting every Csuite stakeholder. The Company uses all these and its industry leading suite of products and platforms to deliver high quality high impact solutions leveraging the latest technologies to customers across the world. These solutions are delivered using its Secure Borderless WorkspacesT SBWST operating model which enables a highly distributed Location Independent AgileT delivery.TCSs geographic footprint consists of North America Latin America the United Kingdom Continental Europe AsiaPacific India and MiddleEast Africa. A part of the Tata group Indias largest multinational business group TCS has over 592000 of the worlds besttrained consultants in 55 countries. The company headquartered in Mumbai. It has a manufacturing facility at Mapusa Goa. Tata Consultancy Services Ltd was incorporated in the year 1968. Tata Sons Ltd established the company as division to service their electronic data processing EDP requirements and provide management consulting services. In the year 1971 they started their first international assignment. The company pioneered the global delivery model for IT services with their first offshore client in 1974.In the year 1981 the company set up Indias first IT RD division the Tata Research Design and Development Centre at Pune. In the year 1985 they set up their first clientdedicated offshore development center for Compaq then Tandem. In the year 1989 they delivered an electronic depository and trading system called SECOM for SIS SegaInterSettle Switzerland.In the year 1997 the company opened their new corporate training facility at Trivandrum. In the year 1998 they started virtualization of business. In the year 1999 they got SEICMM Level 5 certification for their Qwest HP SEEPZ Sholinganallur centres. Also in year 2000 they got SEICMM Level 5 certification for their Calcutta Bangalore Lucknow Hyderabad GEDC Ambattur and Ahmedabad centres. In the year 2001 the company completed the acquisition of public sector unit CMC Ltd. In the year 2002 they expanded their geography into new growth markets like China/ Uruguay. In 2003 TCS became the first Indian software company to cross one billion dollars in revenue. The company saw outsourcing opportunity in ECommerce and related solutions and set up its EBusiness division with ten people. By 2004 EBusiness was contributing half a billion USD to the company. During the year 200405 the company acquired WTI Advanced Technology Ltd and TCS Business Transformation Solutions Ltd Previously Phoenix Global Solutions India Ltd subsequently these two companies became the subsidiaries of the company. TCS tapped the capital markets in July 2004 in the largest private sector initial public offering IPO in the Indian market raising nearly 1.2 billion. In August 9 2004 the company became a publicly listed company. During the year 200506 the company acquired three companies Comicrom S A Chile Financial Network Services Holdings Pty Ltd Australia FNS and Swedish Indian IT Resources AB SITAR. The company made strategic alliances with Diligenta Ltd for Life Insurance business. Also they entered into a Joint Venture Agreement with the State Bank of India. The new company was formulated and named CEdge Technologies Ltd CEdge for providing advanced technology solutions and worldclass domain consulting for the banking and financial services sector.During the year the company ventured into a new area for an Indian IT Services Company. In April 2005 Tata Infotech Ltd with their three wholly owned subsidiaries namely Airline Financial Support Services India Ltd Aviation Software Development Consultancy India Ltd and TCS Business Transformation Solutions Ltd were amalgamated with the company.During the year 200607 the company in partnership with the Government of Madhya Pradesh formed a company namely MP Online Ltd for offering a wide range of computer enabled services in Madhya Pradesh. The company through their wholly owned subsidiaries Tata Consultancy Services Asia Pacific Pte Ltd and Tata Consultancy Services Malaysia Sdn Bhd subscribed to 100 share capital of PT Tata Consultancy Services Indonesia a company formed for providing consulting and IT related services in IndonesiaTata Consultancy Services Netherlands B V a wholly owned subsidiary acquired 75 equity interest in Switzerland based TKS Teknosoft S A for a consideration of Rs 368.06 crore. TCS FNS Pty Ltd another subsidiary acquired 100 equity interest in an Australian based company TCS Management Pty Ltd for a total consideration of Rs. 15.75 crore. Also TCS FNS Pty Ltd subscribed to 100 share capital of Financial Network Services Beijing Co Ltd to provide consulting and IT related services in China. The company through their wholly owned subsidiaries Tata Consultancy Services BPO Chile S A and TCS Inversiones Chile Limitada subscribed to 100 share capital Tata solution Center S A to provide BPO services in Ecuador. During the year 200708 the company opened a centre in Cincinnati USA and a large centre in India at Hyderabad and laid the foundation for a large centre in Pune. They launched a major brand building initiative in order to articulate and propagate its new brand positioning. Also they signed a new multiyear contract with Chrysler LLC for providing a comprehensive portfolio of IT services. TKS Services S.A. Quartz Software Technology S.A. and Tata Consultancy Services Financial Solutions Limited merged with Tata Consultancy Services Switzerland Limited with effect from April 1 2007. In May 25 2007 the company through their wholly owned subsidiary Tata Consultancy Services Do Brasil Desenvolvimento De Servicos Ltda acquired 100 equity interest in a Brazil based Company GT Participacoes S.A. Also Tata Consultancy Services Do Brazil Desenvolvimento De Servicos Ltda and GT Participacoes S.A. have merged with Tata Consultancy Services Do Brazil Ltda with effect from July 1 2007. In June 21 2007 the company subscribed to 100 share capital of Tata Consultancy Services Morocco SARL AU a company formed for providing a range of computer enabled services in Morocco. In July 13 2007 the company through their wholly owned subsidiary Tata America International Corporation acquired 100 voting power in TCS Financial Management LLC. In October 23 2007 the company subscribed to 60 of the share capital of Tata Consultancy Services Africa Pty Limited a Company formed for providing IT services and investing in companies in South Africa. In January 24 2008 the company sold their shareholding interest in their associate Conscripti Pty Ltd for Rs. 3.83 crore. In March 2008 the company opened their North America Delivery Center called TCS Seven Hills Park. During the year 200809 the company acquired Citigroup Inc.s Citi 96.26 interest in TCS eServe Ltd formerly known as Citigroup Global Services Limited the Indiabased captive BPO for a total consideration of USD 504.54 million. In addition Citi signed an agreement with the company to provide process outsourcing services to Citi and their affiliates for an aggregate amount of USD 2.5 billion over a period of 9.5 years.During the year the company through their subsidiary Tata Consultancy Services Asia Pacific Pte Ltd subscribed to 100 share capital of Tata Consultancy Services Thailand Ltd and Tata Consultancy Services Philippines Inc. In June 2008 the company got 11.5 million transformational deal to design install and integrate a tax administration system for the Uganda Revenue Authority URA. In July 29 2008 the company won the highest incremental improvement award and moved to the Industry Leader position in the Tata Business Excellence Model TBEM at the JRD QV Awards ceremony.In October 22 2008 the Tata Infotech Deutschland GmbH has merged with Tata Consultancy Services Deutschland GmbH. The merged entity is a wholly owned subsidiary of the company. In December 11 2008 the company subscribed to 50 share capital of National Power Exchange Ltd established to promote trading of electrical power in India.In June 5 2009 the company through their wholly owned subsidiary Tata Consultancy Services Canada Inc acquired 100 interest in ERI Holdings Corp. In January 1 2010 the company through their wholly owned subsidiary TCS Iberoamerica S.A. subscribed to 100 interest of TCS Uruguay S.A. In January 1 2010 they purchased 100 interest of MGDC S.C. Mexico through their wholly owned subsidiaries TCS Uruguay S.A. and TCS Argentina S.A. In June 2010 the company signed a multiyear outsourcing contract with Telenor Norway. In June 30 2010 Syscrom S.A. Chile merged with Tata Consultancy Services BPO Chile SA a wholly owned subsidiary of TCS Inversiones Chile Limitada. Also Custodia De documentos Interes Limitada Chile merged with Tata Consultancy Services BPO Chile SA a wholly owned subsidiary of TCS Inversiones Chil Limitada. During the year 201011 the company set up five subsidiaries namely MahaOnline Limited Diligenta 2 Limited MS CJV Investments Corporation Retail FullServe Limited and CMC eBiz Inc. Also Financial Network Services H.K. Limited was liquidated and deregistered during the year.The Company entered into an agreement with the Government of Maharashtra pursuant to which a new subsidiary company MahaOnline Ltd MahaOnline was setup on July 28 2010 with equity participation from TCS and Government of Maharashtra. MahaOnline provides online internetbased citizen services to the residents in Maharashtra. This citizen service portal is integrated with DigiGov a stateoftheart eGovernance solution developed by TCS.In August 31 2010 Diligenta Limited a majority owned subsidiary acquired the entire share capital of Unisys Insurance Services Limited UISL which provides life and pensions services to its clients in the UK. On this acquisition UISL was renamed as Diligenta 2 Limited. In October 4 2010 Tata America International Corporation a wholly owned subsidiary acquired 100 share capital of MS CJV Investments Corporation. Consequently the group holding in Tata Consultancy Services China Co. Ltd. has increased from 65.94 to 74.63.In October 8 2010 the Company acquired 100 equity share capital of SUPERVALU Services India Pvt Ltd from SUPERVALU Inc. one of the largest grocery retailers in North America.In December 2010 the company launched their new business process outsourcing BPO center in the Philippines. The company won a contract for establishing and managing the State Data Centre for the state of Uttar Pradesh. In February 2011 they signed five year contract with du the integrated telecom service provider in the United Arab Emirates. Also they launched iON a fully integrated information technology solution for Small and Medium Business SMB. iON provides ondemand business solutions using scalable cloud computing technology. It has been developed to deliver IT in the third generation service model to SMBs. In August 2011 the company and the Singapore Management University SMU announced the establishment of the TCSSMU iCity Lab to be located at SMU. The collaboration agreement signed states the two organizations are partnering to create a new research facility to develop industry standards and IT frameworks for the emerging intelligent city iCity model of urban development. In December 2011 Call Genie Inc. announced that it has entered into a five year reseller agreement with Tata Consultancy Services TCS the IT services consulting and business solutions firm whereby TCS will resell the full suite of Call Genie and UpSnap Mobile products worldwide.In February 2012 the company signed a multiyear multimillion euro contract with Europcar. After a rigorous evaluation process Europcar Information Services EIS the companys IT subsidiary selected TCS to manage strategic IT Services development for its French operations. Also the company and Mitsubishi Corporation announced a new joint venture Nippon TCS Solution Center Ltd for the Japanese market. Nippon TCS Solution Center will offer a full service suite of IT BPO and Infrastructure services to Japanese corporations. TCS Japan will have 60 stake with Mitsubishi Corporation having a 40 stake. The joint venture will also establish a nearshore delivery center in Japan.In 2012 the company won various awards like SAP Award of excellence for best run value realization for Project Spectrum innovation award in France. Achievers 50 Most Engaged Workplaces in US Partner Impact Awards from SAP 2011 Eaton Premier Supplier Award People Choice award from the US National Science Foundation etc. The company also signed deal with South Africa Nedgroup Insurance. During the year the company launched passport seva Kendra in Delhi and also launched new rapid implementation offering for Oracle Fusion HCM. The company signed agreement with Scandinavian Airlines for FA platform and entered into agreement with UKbased hospitality business chain. The company bags prestigious contract from UK Home Office Department during the year under review.In 2013 the company was placed as a Leader in Oracle Application Management Services by Leading Research Firm. The company completed the acquisition of French IT Services firm ALTI. The company Launched Mobile Telematics Solution for Auto Insurers. During the year the company was Designated a Leader and 2012 Star Performer in Capital Markets Application Outsourcing by Everest Group Research. The company was also selected by Nokia as a global IT Partner. The company expands UK operations in Liverpool. During the year the company was Placed as a Leader in Oracle Application Management Services by Gartner. The company also received Partner Excellence Award From Pegasystems Inc. The company also won multiple Corporate Engagement Awards in Europe.On 9 April 2013 TCS signed definitive agreements for the acquisition of 100 percent equity shares in Alti SA an IT services company in France for a value of 75 million Euro in an allcash transaction.In 2014 the company Launched New Digital Software Solutions Group to Transform Digital Commerce and Customer Centricity.The company was selected by Diageo as a strategic partner during the year under review. The company introduced New Software Assurance Solution CoDeveloped with Nissan during the year. During the year the company was also Recognized as a Leader in Retail Banking BPO by NelsonHall. The company received numerous awards during the year such as the companies TCS UK wins Gold Award for Innovation in Learning op Workforce Award at the 2014 Diversity and Inclusion DANDI Awards Ceremony Prestigious Association of Management Consulting Firms Award wins Leading Vendor Award for Quality Assurance Services. During the year the company was named Exclusive Certification Services Provider for CDMI Conformance Testing by SNIA. The company was also Positioned as a Leader in Capital Markets BPO by Everest Group.On 21 April 2014 TCS announced the merger of TCS Japan IT Frontier Corporation ITF Mitsubishi Corporations MC 100 percent IT subsidiary and Nippon TCS Solution Center NTSC to create a strong IT services unit in Japan. On 16 October 2014 the Board of Directors of TCS and CMC approved merger of CMC with TCS. The swap ratio for the merger was fixed at 79 equity share of Re. 1 each of TCS for 100 equity shares of Rs. 10 each of CMC.In 2015 the company signed a multiyear partnership deal with UKbased leading airline Virgin Atlantic Airways VAA as Virgin Atlantic Airways selects TCS to support Digital Transformation programme. The companies Research Scholarship Programme expands to reach 200 more Computer Science PhDs in India. During the year the company consolidates its long term partnership with the City of Amsterdam. During the year the company has been recognised by Ovum as a leader in the Ovum Decision Matrix. The company was also recognized as a Leader and Star Performer in Capital Markets Application Outsourcing Services by Everest Group. Europes largest ever survey of business leaders ranks TCS 1 on both performance and customer satisfaction. During the year the company also has won three different awards at the Brandon Hall Group Awards. Singapore Airlines and the company Introduce Mobile Solution for Cabin Crew. During the year under review the company was recognized as the industrys fastest growing brand over last five years. The company also enters into strategic partnership with iRise. The company Launches Business Process Innovation Simulation Visualization as a Service VaaS. The company Expands operations by opening a new Banking and Financial ServicesBFS center in Singapore. The company Wins 2015 SAP Pinnacle Award Euroclear Finland launches Infinity powered by TCS BaNCS for Market Infrastructure. The company was ranked as the 57th leading brand in the US by Brand Finance. During the year the company Announces Premier Partnership with Adobe for Digital Marketing Solutions and Services. The company also announces Global Strategic Partnership with FICO during the year under review.In 2017 TCS China was set up as a joint venture with the Chinese government and other partners.The company has 50 subsidiaries as on 31 March 2018 as against 58 subsidiaries as on 31 March 2017. There are no associate companies or joint venture companies.The company was 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.On 31 October 2018 the company acquired 100 stake in W12 Studios Limited an UK based company. W12 Studios brings with it an awardwinning digital design studio based in London.Further CMC eBiz Inc. a subsidiary of CMC Americas Inc. a US based subsidiary of the Company was voluntarily dissolved with effect from 19 June 2018. There were no employees or business operations in the dissolved subsidiary.The Company has 50 subsidiaries as on 31 March 2019. The company was voted the Overall Most Outstanding Company in India in Asiamoneys 2018 Asias Outstanding Companies poll.The company was named the Fastest Growing Brand of the Decade in IT Services globally by Brand Finance. TCS brand value crossed USD 12.8 billion this year up 447 over the decade.The company has won the Best Patents Portfolio Award 2013 2018 in the Large Engineering Industries category at the CII Industrial Intellectual Property Awards 2018.The company has 50 subsidiaries as on 31 March 2020. On 26 June 2019 pursuant to exercise of put option by Mitsubishi Corporation Tata Consultancy Services Asia Pacific Pte. Ltd. acquired additional 15 stake in its joint venture with Mitsubishi Corporation in Tata Consultancy Services Japan Ltd.TCS Financial Solutions Australia Holdings Pty Limited was deregistered with effect from 29 January 2020. Its holdings in TCS Financial Solutions Australia Pty Limited along with its other assets and liabilities were transferred to its holding company TCS FNS Pty Limited which is a wholly owned subsidiary of the company.On 09 March2020 Tata Consultancy Services Netherlands BV a direct subsidiary of the Company acquired TCS Business Services GmbH in Dusseldorf Germany to execute a certain special project.As of 31 March 2020 the Company has applied for 5216 patents cumulatively. The Company has been granted 1341 patents.The Board of Directors at its meeting held on 07 October 2020 approved a proposal to buyback upto 53333333 equity shares of the Company for an aggregate amount not exceeding Rs 6000 crore being 1.42 of the total paid up equity share capital at Rs 3000 per equity share. The shareholders approved the same on 18 November 2020 by way of a special resolution through postal ballot. The period for tendering of shares for buyback was from 18 December 2020 to 01 January 2021. The settlement of all valid bids was completed on 05 January 2021 and the equity shares bought back were extinguished on 06 January 2021. Pursuant to the issuance of Letter of Offer the Company has recorded a liability towards buyback of equity shares of Rs 6000 crore and the corresponding tax payable of R 3726 crore as at 31 December 2020.Tata Consultancy Services Netherlands BV a wholly owned subsidiary of the Company as a part of an overall arrangement signed a definitive agreement on 01 January 2021 to obtain entire equity stake in Postbank Systems AG PBS a subsidiary of Deutsche Bank AG at an agreed consideration.The company has incorporated a wholly owned subsidiary Tata Consultancy Services Ireland Limited in Ireland on 02 December 2020.CMC Americas Inc. a wholly owned subsidiary of the company incorporated in USA was liquidated w.e.f. 16 December 2020.Equity stake in Technology Outsourcing S.A.C. a wholly owned stepdown subsidiary at Peru was sold on 01 December 2020 at book value.As on 31 December 2020 the company has applied for 5634 patents including 134 applied during the quarter and has been granted 1713 patents.The company ranked number one for customer satisfaction in Germany as well as in Switzerland in the country editions of Whitelane Research 2020 IT Sourcing Study based on a survey of CXOs and senior IT executives from the top IT spending enterprises in these two countries.The company has been awarded the Best Patents Portfolio in the Large Enterprises Information and Communications Technology and Services category at the Confederation of Indian Industry CII Industrial Intellectual Property Awards 2020.TCS Connected Clinical Trials solution part of TCS ADD platform won the 2020 Citeline Award in the category Best Patientfacing Technology Initiative for providing a positive experience to patients in clinical trials and driving efficiency.During the FY2021 the Company bought back 53333333 equity shares at a price of Rs 3000 per equity share for an aggregate consideration of Rs 16000 crore. The buyback process was completed and the shares were extinguished on 06 January 2021.In November 2020 TCS entered into an agreement with Prudential Financial Inc.PFI to acquire over 1500 staff and select assets of Pramerica Systems Ireland Ltd. Pramerica PFIs subsidiary based in Letterkenny Ireland.CMC Americas Inc. a US based subsidiary of the Company was voluntarily dissolved with effect from 16 December 2020 as CMC Americas Inc. and TCS both provide similar services.On January 1 2021 Tata Consultancy Services Netherlands B.V. a wholly owned subsidiary of the Company acquired 100 shares of Postbank Systems AG PBS a subsidiary of Deutsche Bank AG at an estimated transaction value at a symbolic 1 Euro.The Company has 50 subsidiaries as on 31 March 2021. The Equity stake in Technology Outsourcing S.A.C. was sold to Banco Pichincha Peru on 01 December 2020 at book value consequent to which Technology Outsourcing S.A.C. ceased to be the subsidiary of the Company.Tata Consultancy Services Ireland Limited incorporated a wholly owned subsidiary Tata Consultancy Services Bulgaria EOOD in Bulgaria on 31 August 2021.Also TCS Iberoamerica SA incorporated a subsidiary Tata Consultancy Services Guatemala S.A. in Guatemala on 01 September 2021.The Company has 52 subsidiaries as on 31 March 2022.During the year 2022 the Company received multiple awards from CII and National Institute for Quality and Reliability. It won the Data Security Council of India DSCI Excellence Award 2021 in two categories Best Privacy Practices in Organization and Best Security Practices in ITITes/ BPM Large. In FY 2022 TCS added TCS Omnistore TCS MasterCraft 5G Edge Suite TwinX and its suite of sustainability solutions namely TCS Clever Energy TCS IP2 and TCS Envirozone to the list of its software products and solutions available on the various hyperscaler platforms. TCS also launched Google Cloud Garages for coinnovation leveraging analytics and AI on the cloud at its Pace Ports in Amsterdam New York and Tokyo.TCS has been investing in a network of Pace Ports coinnovation hubs in all its major markets to provide a physical space for TCS teams to engage with clients in ideation rapid prototyping and agile development of innovative ideas. These hubs also house researchers andmembers of TCS extended innovation ecosystem of startups and academia. Adding to the Pace Ports in Tokyo New York Pittsburgh and Toronto the company inaugurated the Pace Port at Amsterdam in May 2021 and a Digital Garage in Sydney in February 2022.
| Organisation | Tata Consultancy Services Ltd |
| Headquarters | Mumbai |
| Industry | IT - Software |