Tata Consultancy Services

Tata Consultancy Services
Company typePublic
ISININE467B01029
IndustryInformation technology
Consulting
Outsourcing
Founded1968; 56 years ago (1968)
FounderJ. R. D. Tata
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Natarajan Chandrasekaran
(Chairman)
K. Krithivasan
(MD & CEO)
RevenueIncrease ₹245,315 crore (US$29 billion)[1] (2024)
Increase ₹61,997 crore (US$7.4 billion)[1] (2024)
Increase ₹46,099 crore (US$5.5 billion)[1] (2024)
Total assetsIncrease ₹146,449 crore (US$18 billion)[2] (2024)
Total equityIncrease ₹91,319 crore (US$11 billion)[2] (2024)
Number of employees
601,546[3] (March 2024)
ParentTata Group
Subsidiaries
Websitewww.tcs.com
Footnotes / references
[4][5]

Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology services and consulting. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries.[6] It is the second-largest Indian company by market capitalization.

As of 2024, TCS is ranked seventh on the Fortune India 500 list.[7] In September 2021, TCS recorded a market capitalization of US$200 billion, making it the first Indian IT company to achieve this valuation.[8][9][10][11][12] In 2012, it was the world's second-largest user of U.S. H-1B visas.[13]

In 2024, parent company Tata Sons owned 71.74% of TCS,[14] and close to 80% of Tata Sons' dividend income came from TCS.[15]

  1. ^ a b c "Tata Consultancy Services Consolidated Profit & Loss account, Tata Consultancy Services Financial Statement & Accounts" (PDF). www.tcs.com.
  2. ^ a b "Tata Consultancy Services Consolidated Balance Sheet, Tata Consultancy Services Financial Statement & Accounts" (PDF). www.tcs.com. Retrieved 12 April 2024.
  3. ^ "TCS reports dip in Q4 hiring". Retrieved 12 April 2024.
  4. ^ "Press Release - USD" (PDF). Tata Consultancy Services. 12 April 2019. Retrieved 13 April 2019.
  5. ^ Chandrashekhar, Anandi (22 May 2020). "TCS management takes home smaller pay packets due to COVID-19 impact". The Economic Times.
  6. ^ "Company Profile". Tata Consultancy Services. Retrieved 16 August 2024.
  7. ^ "Tata Consultancy Services - Fortune 500 List 2024 - Fortune India". www.fortuneindia.com. Retrieved 16 August 2024.
  8. ^ "TCS 2nd Indian company to hit $200 billion mcap after RIL". The Times of India. 16 September 2021.
  9. ^ "TCS Market Capitalization Hits $200 Billion As Shares Jump To Fresh Highs". 15 September 2021.
  10. ^ Krishnan, Raghu (15 September 2021). "TCS first Indian tech company to cross $200 billion market cap". The Economic Times.
  11. ^ "Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 19 December 2022.
  12. ^ "Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization". mock.bseindia.com. Retrieved 21 November 2023.
  13. ^ "The data shows: Top H-1B users are offshore outsourcers". ComputerWorld. 14 February 2013. Retrieved 8 September 2013.
  14. ^ Agarwal, Nikhil (21 March 2024). "Tata Sons confirms selling 2.34 crore shares of TCS in block deal". The Economic Times. Retrieved 13 September 2024.
  15. ^ "Tata Sons repays Rs 20,000-crore debt to 'avoid' going public: Reduces stake in TCS and more". The Times of India. 7 September 2024. Retrieved 13 September 2024.