TATA CONSULTANCY SERVICES

BY : WASIM AKRAM ZABIN KHAN

INTRODUCTIONTata Consultancy Services is a provider of

information technology (IT)services. The company provides a wide range of services including business consulting, information technology, business process outsourcing (BPO), infrastructure, and engineering.

The company operates in Americas, Europe, Middle East, and Asia Pacific. The company is headquartered in Mumbai, India.

Its Group consolidated revenue: Rs 48893 crores (march 2012) and Group profit after tax : Rs.10414 crores (march 2012).

HISTORY OF THE COMPANYTata Consultancy Services was established in

the year 1968.Its early contracts included providing punched card services to sister company TISCO (now Tata Steel), working on an Inter-Branch Reconciliation System for the Central Bank of India, and providing bureau services to Unit Trust of India.

In 1979, TCS delivered an electronic depository and trading system called SECOM for the Swiss company SIS SegaInterSettle.

contd…

In 1981, TCS established India's first dedicated software research and development center, the Tata Research Development and Design Center (TRDDC) in Pune.

In 1985 TCS established India's first client-dedicated offshore development center, set up for client Tandem.

In the early 1990s the Indian IT outsourcing industry grew rapidly due to the Y2K bug and the launch of a unified European currency, Euro.

contd…On 25 August 2004 TCS became a public listed

company.

In 2005 TCS became the first India-based IT services company to enter into the bioinformatics market.

In 2006 TCS designed an ERP system for the Indian Railway Catering and Tourism Corporation.

In 2008 TCS undertook an internal restructuring exercise which aimed to increase the company's agility.

contd…TCS entered the small and medium

enterprises market for the first time in 2011, with cloud-based offerings. On the last trading day of 2011, TCS overtook RIL to achieve the highest market capitalisation of any India-based company.

In the 2011/12 fiscal year TCS achieved annual revenues of over U$10 billion for the first time.

TCS BRANCHES IN INDIATata Consultancy Services campus at

Lucknow, Uttar Pradesh.Tata Consultancy Services campus at

Madhapur, Hyderabad, Andhra Pradesh.Tata Consultancy Services campus at

Vadapalani, Chennai, Tamil Nadu.Tata Consultancy Services IN PUNE

Tata Consultancy Services in kolkataAnd other….

TCS BRANCHES ABROAD Africa: TCS has regional offices in South Africa and Morocco

Asia (ex. India): TCS has regional offices in Bahrain, Beijing, Hong Kong, Hangzhou, Shanghai, Indonesia, Israel, Japan, Malaysia, Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, UAE (Dubai)

Australia: TCS has a regional office in Australia.

Europe: TCS has regional offices in Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

North America: TCS has regional offices in Canada, Mexico and the United States.

South America: TCS has regional offices in Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay

Vision, Mission & Values…To create value by leveraging our co-innovation

network in a manner that has an impact on the customers ecosystem

To be among the top 3 companies worldwide by 2013; Culture of accountability, delivering certainty to customers.

Their values – integrity, leading change, excellence, respect for the individual, and fostering an environment of learning and sharing.

BOARD OF DIRECTORSNon-Executive Board Members

Cyrus Mistry, Chairman S Ramadorai, Vice Chairman Prof. Clayton M Christensen, Director Aman Mehta, Director Dr. Ron Sommer, Director Venkatraman Thyagarajan, Director Dr. Vijay Kelkar, Director Ishaat Hussain, Director Phiroz A Vandrevala, Director OP Bhatt, Director

Executive Board Member

N Chandrasekaran, Chief Executive Officer and Managing Director

SERVICES

Source: company website

BUSINESS THEY SERVE

Source: company website

SHAREHOLDING PATTERN

Source: company website

PRODUCT PORTFOLIOTCS BaNCS : enables transformation in financial

services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies and diversified financial institutions.

TCS MasterCraft, a comprehensive suite of products, provides extensive self-help and SLA-based support that enable the optimization of all services encompassing development, deployment, maintenance, support and transformation.

TCS’ technology products helps in achieving superior operational efficiency and optimize time, cost and energy investments.

IMPORTANT CLIENTS

SOME IMPORTANT CLIENTS ARE:• GENERAL ELECTRIC• ABN-AMRO BANK • SINGAPORE AIRLINES (ALLIANCE PARTNER)• MICROSOFT • IBM • British Telecom• NSE• Pearl Corporation• National securities depository limited

REVENUE BY SERVICES

Source: company website

GROWTH IN GEOGRAPHIC REGIONS

Source: company website

INNOVATIONTelecom : cloud-based Business Support System

(BSS) platform for communication service providers.

Retail : TCS Nolyne™ is a service oriented architecture (SOA) enabled, platform and hardware-independent point of sale (POS) system.

Hi-tech : : TCS has pioneered the development of an all encompassing integrated application for the legal industry called Legal Management System (LMS).

EXPENDITURE

Source:company website

Corporate social responsibilityTCS supports local communities and society at large through (i) IT

for community welfare, (ii) TCS-Maitree- volunteer corps consisting of TCS employees and their families and (iii) the funding of philanthropic activities.

The key focus areas for TCS CSR work are: Health, Education and Environment. The programs they launch and the communities they work with are decided based on the needs of those communities

In addition to benefiting the targeted community, their CSR activities have the added benefit of giving volunteer corps meaningful projects into which they can channelize their altruism.

Other CSR activities as TCS funded the restoration of some 274 old and rare books totaling over 100,000 pages in the University Library in Mumbai.

TCS encouraged women’s empowerment, the program has now expanded to children’s education and development of local infrastructure.

ETHICS AND TCSA senior executive at the Vice President level is

designated as Ethics Counselor.

Policies are reviewed from time to time and changes if any are communicated appropriately across the Company.

At the Board level, the Ethics and Compliance Committee oversees TCS’ compliance to the Codes of Conduct to be followed by the Directors, Officers and other employees.

Monthly Reports are sent to the Committee on matters relating to the Insider Trading Code and the Code of conduct.

STRATEGY

Source: company website

CUSTOMER CENTRICITYBuilding and maintaining deep customer

relationship is the key to the Company’s mission to be a trusted business partner to global enterprises.

By building business units around groups of key clients in each industry vertical and giving end-to-end sales and delivery responsibility to the business head, TCS has ensured high levels of accountability, superior customer service and intimacy.

FULL SERVICES CAPABILITYThe Company’s continued investments in

building full services capability has resulted in a comprehensive ,integrated portfolio of services.

The strategy is finding strong resonance with clients looking to work with fewer vendors, who can offer transformative capabilities, global delivery footprint and time-to-market advantages in addition to optimisation.

GLOBAL NETWORK DELIVERY MODELThe Global Network Delivery Model

(GNDM™) of TCS is an industry benchmark that allows the Company to seamlessly and uniformly deliver services to global customers from multiple global locations in India, China, Europe, North America and Latin America.

STRATEGIC ACQUISITIONSThe Company primarily focuses on organic

growth.However, the Company is also open to

selective strategic acquisitions in order to penetrate select markets, strengthen verticals as well as enhance offerings.

The strategic acquisitions over the years have been successfully integrated and have provided value enhancement.

NON-LINEAR GROWTHIn order to strengthen future sustainability of

the business model, the Company has been pursuing non-linear growth opportunities, which would bring in revenue growth without commensurate growth in headcount.

Non-linearity in the current IT and IT enabled services businesses come from productivity-enhancing tools, frameworks, solution accelerators and managed services engagements.

MARKETING STRATEGIESMarket penetration strategy : Its current

markets are USA and Europe. As most large clients in US and Europe are cutting costs, TCS needs to be more aggressive on cost and quality front.

Market development strategy :Since these are fast developing IT market, TCS needs a paradigm shift in focus from US and EU markets to these markets to India, Middle-east and Australia.

MARKETING STRATEGIESProduct development strategy : It should

concentrate on building expertise in domains like USA and Europe by strategic acquisitions.

Diversification Strategy : TCS restructured its global operations to adopt an integrated, customer-centric approach, which is expected to be helpful in eliminating the risk factors arising from the U.S. economic collapse.

HUMAN RESOURCE POLICIESThe focus has been to create an environment

where performance is rewarded, individuals are respected and associates get opportunities to realize their potential.

Key achievements during the year were recruitment of 70,400 employees across the world. on-boarding of 32,263 fresh hires from various campuses. achieving the best-in-class retention rate.maintaining uniformly high utilization rate

throughout the year

CAREER DEVELOPMENTTCS caters to the employees aspirations, motivating employees to

realize their potential and providing them with a predictable roadmap and necessary tools for personal growth to retain employees.

Personal Development Planning forms a central part of the annual appraisal and goal-setting process.

Even focuses on soft skills development including team building, innovative and creative thinking, cross cultural adaptation etc.

TCS keeps employees engaged and motivated by providing opportunities for continuously upgrading competencies by rotation across roles, technologies, customer and industries and geographies.

TCS has several schemes for recognizing and rewarding.

TRAINING AND DEVELOPMENTThe Company continued to invest in updating

and upgrading employee skills through channels such as classroom-based training, technology-enabled learning, external certifications, on-the-job-training and sponsorship for higher education.

A total of 9,972 person years of effort was invested in fiscal 2012 on various learning and development programmes.

ATTRITION RATE

Source:company website

Occupational Health and Safety

TCS is committed to provide its employees a safe and comfortable work environment, going beyond accidents, injuries and occupational health hazards, to general the physical and mental health and well- being of associates and their families.

TCS have implemented an Occupational Health and Safety Management System (OHSMS) and have been recommended for enterprise wide certification.

TCS have a Hazard Identification and Risk Assessment process (HIRA) to identify and analyze the levels of risk associated with the various activities at each the facility.

RISK MANAGEMENTThe Company has put in place an Enterprise-wide

Risk Management (ERM) programme based on the Committee of Sponsoring Organisations of the Treadway Commission(COSO) framework.

The risk categories covered under the ERM programme includes strategic, operational and financial as well as compliance-related risks.

This includes risk assessment and mitigation at the company level, business / functional unit level, relationship level and project level.

MERGERS AND ACQUISITIONSAcquisition of Citi Group

TCS has acquired Citi Global Services on 8 Oct 2008. Value of the deal was $505 million.

Citi has also signed an $2.5 billion deal through which TCS will provide process outsourcing services to Citi and its affiliates over nine-and-a-half years. This will be provided through CGSL, the release said.

Acquisition of Pearl Group

TCS has acquired Pearl Group in Oct 2005. Value of the deal was $94.7 million.

Pearl Group is one of the largest insurance provider in United Kingdom.

With this contract, TCS will now manage some eight million policies in UK using the same platform, increasing the company’s share of revenues earned without having to hire additional staff.

OTHER ACQUISITIONSComicrom was acquired in Nov 2005. It is a

Banking BPO in Chile.

TCS Management was acquired in Nov 2006. The company provides IT Services in Australia. Value of $13 million.

Phoenix Global Solutions was acquired in May 2004. The deal was of $ 13 million.

COMPETITORSInfosys

Mahindra Satyam

Wipro

HCL

Patni Computer

Financial Tech

Oracle

IBM

Current position

PEER COMPARISONName Last Price Market Cap. Sales Turnover Net Profit Total AssetsTCS 1,561.00 305,522.20 38,858.54 10,975.98 24,952.86Infosys 2,834.60 162,772.98 31,254.00 8,470.00 29,757.00Wipro 432.1 106,420.86 32,053.60 4,685.10 29,595.70HCL Tech 773.45 53,749.47 8,907.22 1,950.42 7,305.45OracleFinancial2,661.10 22,369.81 2,605.85 1,089.23 6,247.04Mahindra Satyam127.55 15,016.35 5,964.21 1,202.80 4,567.90

Source:monycontrol.com

SWOT ANALYSISSTRENGTHS WEAKNESSBroad services portfolio.

Significant market position.

Strong network of partners

Pending unjust enrichment lawsuit could dent TCS' image.

SWOT ANALYSISOPPORTUNITIES THREATSIncreased focus on

enterprise mobility solutions.

Positive outlook for cloud computing market.

Poised to benefit from growing healthcare IT industry

Intense competition.

Exchange rate fluctuations

VALUE CREATION

Source: TCS Annual report 2011-2012

VALUE CREATION

Source: TCS Annual report 2011-2012

KEY FINANCIAL TRENDS

Source: Annual report

MANAGEMENT EFFICIENCYMAR '08 MAR '09 MAR '10 MAR '11 MAR '12

20.3 19.34 18.71 18.79 20

MAR '08 MAR '09 MAR '10 MAR '11 MAR '1217.5

18

18.5

19

19.5

20

20.5

Series1

IN PERCENTAGE

DEBT-EQUITY RATIOMAR '05 MAR '06 MAR '07 MAR '08 MAR '09 MAR '10 MAR '11 MAR '12

0.04 0.01 0.01 0.01 0.01 0.01 0.01 0.01

DEBT EQUITY RATIOA measure of a company's financial leverage

calculated by dividing its total liabilities by stockholders' equity. It indicates what proportion of equity and debt the company is using to finance its assets.

From the graph we can see that the company has maintained the debt equity ratio at 0.01 for the last few years. It shows that the company is financially stable.

OPERATING PROFIT MARGINMAR '05 MAR '06 MAR '07 MAR '08 MAR '09 MAR'10 MAR '11 MAR '12

29.91 29.71 28.79 27.11 26.87 28.93 29.96 29.3

OPERATING PROFIT MARGINOperating margin is a measurement of what

proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.

A healthy operating margin is required for a company to be able to pay for its fixed costs, such as interest on debt.

GROSS PROFIT MARGINMAR '05 MAR '06 MAR '07 MAR '08 MAR '09 MAR '10 MAR '11 MAR '12

30.12 30.07 20.17 24.64 25.01 26.89 28.12 27.52

GROSS PROFIT MARGINA financial metric used to assess a firm's financial

health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold. Gross profit margin serves as the source for paying additional expenses and future savings.

The gross profit margin increased in the year 2010 and 2011 but slowed down in the year 2012 as their was slowdown in the economy.This is healthy for the company as without an adequate gross margin, a company will be unable to pay its operating and other expenses and build for the future.

RETURN ON CAPITAL EMPLOYEDMAR '06 MAR '07 MAR '08 MAR '09 MAR '10 MAR '11 MAR '12

55.7 49.87 42.92 43.27 42.46 44.38 55.31

MAR '06 MAR '07 MAR '08 MAR '09 MAR '10 MAR '11 MAR '120

10

20

30

40

50

60

Series1

RETURN ON CAPITAL EMPLOYEDA ratio that indicates the efficiency and

profitability of a company's capital investments.

It is increasing from 2010 onwards which shows that the company is efficiently investing their capital.

CASH PROFIT MARGINMAR'05 MAR'06 MAR'07 MAR'08 MAR'09 MAR'10 MAR'11 MAR'12

24.28 26.33 27.29 25.29 26.09 26.44 27.21 29.1

CASH PROFIT MARGINA higher profit margin indicates a more

profitable company that has better control over its costs compared to its competitors.

On analysing this ratio also shows an increasing trend which indicates that this is a profitable company.

RETURN ON NET WORTHMAR'05 MAR'06 MAR'07 MAR'08 MAR'09 MAR'10 MAR'11 MAR'12

55.15 48.43 46.62 41.34 35.13 37.3 38.8 44.24

RETURN ON NET WORTHThis ratio is used in finance as a measure of a

company’s profitability. It reveals how much profit a company generates with the money that the equity shareholders have invested.

The graph shows that the company ‘s net worth is in an increasing trend which shows that the company has efficiently utilised its shareholders investments.

SALES TURNOVERMAR'05 MAR'06 MAR'07 MAR'08 MAR'09 MAR'10 MAR'11 MAR'128,051.10 11,236.01 14,942.09 18,536.55 22,404.00 23,044.84 29,275.68 38,858.79

IN CRORES

SALES TURNOVERSales turnover is the company's total

revenue, both the invoice, cash payments and other revenues.

This ratio also shows an increasing trend with the total turnover reaching Rs.38858 crores.

BALANCE SHEET ANALYSISSources Of Funds MAR '12 MAR '11 MAR '10 MAR '09 MAR '08 MAR '07 MAR '06 MAR '05Total Share Capital 295.72 295.72 295.72 197.86 197.86 97.86 48.93 48.01Equity Share Capital 195.72 195.72 195.72 97.86 97.86 97.86 48.93 48.01Share Application Money 0 0 0 0 0 0 0 0Preference Share Capital 100 100 100 100 100 0 0 0Reserves 24,560.91 19,283.77 14,820.90 13,248.39 10,806.95 7961.13 5560.4 3273.04Revaluation Reserves 0 0 0 0 0 0 0 0Networth 24,856.63 19,579.49 15,116.62 13,446.25 11,004.81 8058.99 5609.33 3321.05Secured Loans 93.47 35.87 29.25 32.63 9.27 41.76 26.52 111.01Unsecured Loans 2.76 5.25 6.49 7.74 8.98 8.98 8.98 9.73Total Debt 96.23 41.12 35.74 40.37 18.25 50.74 35.5 120.74Total Liabilities 24,952.86 19,620.61 15,152.36 13,486.62 11,023.06 8109.73 5644.83 3441.79

In Rs. crores

Application Of Funds MAR '12 MAR'11 MAR'10 MAR '09 MAR '08 MAR '07 MAR '06 MAR '05Gross Block 2,315.36 1,695.13 1,041.09 226.5 831.5 2315.36 1695.13 1041.09Less: Accum. Depreciation 854.75 525.35 132.93 0.95 497.8 854.75 525.35 132.93Net Block 1,460.61 1,169.78 908.16 225.55 333.7 1460.61 1169.78 908.16Capital Work in Progress 757.85 280 120.28 0 30.6 757.85 280 120.28Investments 3,252.04 1,963.52 1,404.42 417.39 414 3252.04 1963.52 1404.42Inventories 12.06 22.94 0 0 -4.9 12.06 22.94 0Sundry Debtors 2,799.80 2,326.63 1,463.45 0.25 0 2799.8 2326.63 1463.45Cash and Bank Balance 314.66 170.61 120.66 2.25 0 314.66 170.61 120.66Total Current Assets 3,126.52 2,520.18 1,584.11 2.5 -4.9 3126.52 2520.18 1584.11Loans and Advances 1,925.74 1,490.57 735.75 9.77 1,745.00 1925.74 1490.57 735.75Fixed Deposits 242.48 0.56 0.08 0 0 242.48 0.56 0.08Total CA, Loans & Advances 5,294.74 4,011.31 2,319.94 12.27 1,740.10 5294.74 4011.31 2319.94Deffered Credit 0 0 0 0 0 0 0 0Current Liabilities 1,750.46 1,239.24 783.43 228.2 553.9 1750.46 1239.24 783.43Provisions 905.05 540.54 527.58 4.93 0 905.05 540.54 527.58Total CL & Provisions 2,655.51 1,779.78 1,311.01 233.13 553.9 2655.51 1779.78 1311.01Net Current Assets 2,639.23 2,231.53 1,008.93 -220.86 1,186.20 2639.23 2231.53 1008.93Miscellaneous Expenses 0 0 0 0 0 0 0 0Total Assets 8,109.73 5,644.83 3,441.79 422.08 1,964.50 8109.73 5644.83 3441.79

Contingent Liabilities 3,003.25 851.64 407.76 0.33 0 3003.25 851.64 407.76Book Value (Rs) 82.35 114.64 69.17 12.92 0 82.35 114.64 69.17

PROFIT AND LOSS A/CPARTICULARS MAR '12 MAR '11 MAR '10 MAR '09 MAR '08 MAR '07 MAR '06 MAR '05

Sales Turnover 38,858.79 29,275.68 23,044.84 22,404.00 18,536.55 14942.09 11236.01 8051.1Excise Duty 0.25 0.27 0.39 2.08 2.83 2.12 5.51 0Net Sales 38,858.54 29,275.41 23,044.45 22,401.92 18,533.72 14939.97 11230.5 8051.1Other Income 2,685.18 486.44 182.1 -456.24 440.45 216.04 -1.19 -152.65Stock Adjustments -0.26 -0.87 -1.38 1.73 -0.04 -2.79 4.14 0Total Income 41,543.46 29,760.98 23,225.17 21,947.41 18,974.13 15153.22 11233.45 7898.45ExpenditureRaw Materials 11.81 17.75 23.75 53.67 45.81 22.02 161.5 0Power & Fuel Cost 292.1 240 183.62 164.34 135.57 93.89 66.85 44.59Employee Cost 14,100.41 10,190.31 7,882.43 7,370.09 6,015.19 6186.85 5113.96 3967.52Other Manufacturing Expenses 10,575.83 8,135.57 6,446.99 6,947.60 5,687.82 3095.82 793.01 487.18Selling and Admin Expenses 1,686.41 1,194.72 1,268.03 1,218.41 991.43 765.08 756.39 513.88Miscellaneous Expenses 806 724.37 571.08 628.71 632.25 472.04 1005.52 629.48Preoperative Exp Capitalised 0 0 0 0 0 0 0 0Total Expenses 27,472.56 20,502.72 16,375.90 16,382.82 13,508.07 10635.7 7897.23 5642.65

PROFIT AND LOSS A/CPARTICULARS MAR '12 MAR '11 MAR '10 MAR '09 MAR '08 MAR '07 MAR '06 MAR '05Operating Profit 11,385.72 8,771.82 6,667.17 6,020.83 5,025.61 4301.48 3337.41 2408.45PBDIT 14,070.90 9,258.26 6,849.27 5,564.59 5,466.06 4517.52 3336.22 2255.8Interest 16.4 20.01 9.54 7.44 3.42 3.43 4.49 10.4PBDT 14,054.50 9,238.25 6,839.73 5,557.15 5,462.64 4514.09 3331.73 2245.4Depreciation 688.17 537.82 469.35 417.46 458.78 343.41 257.38 133.22Other Written Off 0 0 0 0 0 0 0 0Profit Before Tax 13,366.33 8,700.43 6,370.38 5,139.69 5,003.86 4170.68 3074.35 2112.18Extra-ordinary items -129.49 0 -13.98 -103.11 -37.52 -2.59 -38.03 0PBT (Post Extra-ord Items) 13,236.84 8,700.43 6,356.40 5,036.58 4,966.34 4168.09 3036.32 2112.18Tax 2,260.86 1,130.44 737.89 340.37 457.58 410.8 319.45 280.76Reported Net Profit 10,975.98 7,569.99 5,618.51 4,696.21 4,508.76 3757.29 2716.87 1831.42Total Value Addition 27,460.75 20,484.97 16,352.15 16,329.15 13,462.26 10613.68 7735.73 5642.65Preference Dividend 22 11 17 7 0.08 0 0 0Equity Dividend 4,893.04 2,740.10 3,914.43 1,370.05 1,370.05 1125.39 660.56 552.13Corporate Dividend Tax 797.34 450.82 657.51 234.02 232.85 169.48 92.64 74.46Per share data (annualised)Shares in issue (lakhs) 19,572.21 19,572.21 19,572.21 9,786.10 9,786.10 9786.1 4893.05 4801.15Earning Per Share (Rs) 55.97 38.62 28.62 47.92 46.07 38.39 55.53 38.15Equity Dividend (%) 2,500.00 1,400.00 2,000.00 1,400.00 1,400.00 1150 1350 1150Book Value (Rs) 126.49 99.53 76.72 136.38 111.43 82.35 114.64 69.17

GROWTH FROM 2011 TO 2012 The Company’s earnings before interest, taxes, depreciation, and

amortisation (EBITDA) excluding other income aggregated ` 14,435.31 crores in fiscal 2012 (` 11,178.36 crores in fiscal 2011) – a growth of 29.14%.

The profit before tax (PBT) aggregated ` 13,923.31 crores in fiscal 2012 (` 11,020.62 crores in fiscal 2011)– a growth of 26.34%.

Net profit after tax (PAT) for fiscal 2012 aggregated 10,413.49 crores (` 9,068.04 crores in fiscal 2011) – a growth of 14.84%. TCS is the first Indian IT company, which has crossed ` 10,000 crores of PAT in a year.

Gross dividend paid/ proposed for the fiscal 2012 in respect of equity shares aggregated 5,686.81 crores (` 3,189.14 crores in fiscal 2011).

The Company’s consolidated earnings per share (EPS) were ` 53.07 in fi scal 2012 (` 46.27 in fiscal 2011).

EXPANSION PLANSTCS plans to buy Rs 300 crore land in Bangalore for

training 40,000 professionals.

Tata Consultancy Services (TCS) is expanding Intelnet Global Services, its business process outsourcing (BPO) joint venture with Housing Development Finance Corporation (HDFC), to accommodate 3,000 people by the end of the current financial year. Intelnet employs 400 people at present.

In addition, TCS is also exploring the possibility of setting up a separate BPO outfit to service its existing overseas clients.

In order to garner a better share of the world's IT and ITeS market, Tata Consultancy Services (TCS) is planning to set new centers in China and Israel.

RECENT NEWSTCS becomes first company to cross 3 lakh-crore market capThe country's biggest software exporter Tata Consultancy Services has widened its lead over Sensex peers RIL, the market leader for many years, and Infosys after it became the first company to cross the 3 lakh-crore market cap in almost two years on March 5

TCS market cap stood at 3.07 lakh crore. That was 29,000 crore more than the value of Reliance Industries' shares, and 1.38 lakh crore more than that of rival Infosys'. Moreover, the current value of TCS shares exceeds the combined m-cap of the 27 listed companies belonging to the Tata Group by 94,000 crore.http://timesofindia.indiatimes.com/tech/tech-news/software-services/TCS

REFERENCESwww.moneycontrol.comTata consultancy services annual report 2011-2012.EBSCOHOST : REFERENCE CODE: CEEBF71B-F124-

4643-B732-3490CB272A78 PUBLICATION DATE: 4 Sep 2012.

http://www.tcs.comhttp://www.slideshare.net/http://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://

economictimes.indiatimes.com/tata-consultancy-services-ltd/infocompanylisting/companyid-8345.cms

http://timesofindia.indiatimes.com/tech/tech-news/software-services/TCS