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Tata Group (/ˈtɑːtɑː/) is an Indian multinational conglomerate manufacturer of automobiles, airplanes and other products, headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamshedji Tata, the company gained international recognition after purchasing several global companies. It is one of the biggest and oldest industrial groups in India. Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders.
Significant Tata affiliates include Tata Chemicals, Tata Communications, Tata Consultancy Services, Tata Consumer Products, Tata Elxsi, Tata Motors, Tata Power, Tata Steel, Jamshedpur FC, Tanishq, Voltas, Tata Cliq, Tata Projects Limited, Tata Capital, Titan, Trent, Indian Hotels Company Limited, TajAir, Vistara, Cromā, and Tata Starbucks.
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company, headquartered in Mumbai, Maharashtra, India.[6][7] As of February 2021, TCS is the largest IT services company in the world by market capitalisation ($169.2 billion). It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.[8]
TCS is the second largest Indian company by market capitalisation.[9][10] Tata consultancy services is now placed among the most valuable IT services brands worldwide.[11] In 2015, TCS was ranked 64th overall in the Forbes World's Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company.[12] As of 2018, it is ranked eleventh on the Fortune India 500 list.[13] In April 2018, TCS became the first Indian IT company to reach $100 billion in market capitalisation,[14] and second Indian company ever (after Reliance Industries achieved it in 2007)[15] after its market capitalisation stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange.[16][17][18]
In 2016-2017, Parent company Tata Sons owned 72.05% of TCS;[19] and more than 70% of Tata Sons' dividends were generated by TCS.[20] In March 2018, Tata Sons decided to sell stocks of TCS worth $1.25 billion in a bulk deal
On 25 August 2004, TCS became a publicly listed company.[29][30]
In 2005, TCS became the first India based IT services company to enter the bioinformatics market.[31] In 2006, it designed an ERP system for the Indian Railway Catering and Tourism Corporation.[32] By 2008, its e-business activities were generating over US$500 million in annual revenues.[33][34]
TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings.[35] On the last trading day of 2011, it overtook RIL to achieve the highest market capitalisation of any India-based company.[36] In the 2011/12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time.[37]
In May 2013, TCS was awarded a six-year contract worth over ₹1100 crore to provide services to the Indian Department of Posts.[38] In 2013, the firm moved from the 13th position to 10th position in the League of top 10 global IT services companies[39] and in July 2014, it became the first Indian company with over ₹5 lakh crore market capitalization.[40][41]
In Jan 2015, TCS ends RIL's 23-year run as India's most profitable firm.[42]
In Jan 2017, the company announced a partnership with Aurus, Inc., a payments technology company, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform.[43] In the same year, TCS China was associated as a joint venture with the Chinese government.[44]
TCS announced its FY19 Q3 results posting 24 percent year-on-year (YoY) rise in profit at ₹8,105 crore.[45] The stock plunged 2.5 percent intra-day as brokerages cut price target.[46]
TCS received the 2019 American Business Awards from Four Stevies.[47]
On 8 October 2020, TCS surpassed Accenture in market capitalization to become the world's most-valuable IT company with a market cap of $144.73 billion.[48] On 25 January 2021, TCS again surpassed Accenture briefly, in market capitalization to become the world's most-valuable IT company with a market cap of $170 billion.[49] The same day, TCS became India's most valuable company, surpassing Reliance Industries with a market cap of ₹ 12.55 lakh crore.
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