Tata Consultancy Services Ltd (TCS) Share Price

Headquartered in Mumbai, Maharashtra, Tata Consultancy Services (TCS) is among the world’s leading information technology (IT) firms. TCS is primarily known for its IT, consulting, and business outsourcing services which it provides to clients not just in India but across the world. The company had humble beginnings as a small division of leading Indian conglomerate Tata Group. Currently, it is one of the largest firms in the country by market capitalization. TCS began in 1968 when Tata Sons, the holding firm of Tata Group, set up Tata Computer Systems, a division that would offer computer services to the various companies within the Tata Group.  The undertaking was carried out by a team of engineers led by Faqir Chand Kohli, who is known today as the co-founder of TCS.  The division signed its first external contract in 1971. The objective was to build inventory and stock control systems for power companies in Iran. 1972 was the year when the firm partnered with US firm Burroughs Corporation to distribute and support Burroughs products in India. TCS established its first sales office in New York in 1979, and one of its initial clients was International Group Information Corporation. In 1981, TCS established India’s first software research centre, Tata Research Development and Design Centre (TRDDC) in Pune. 1989 was the year when TCS signed a $10 million deal with Swiss Securities Clearing Corporation. 2000 was a significant year for TCS as it inked a $100 million contract with US-based GE Medical Systems. This is one of the biggest deals ever signed by an Indian IT service firm. In 2004, TCS issued its Initial Public Offer (IPO) and became a publicly listed company. TCS was the first Indian IT company to venture into the business of bioinformatics. It did so in 2005. In 2011, TCS entered the small and medium enterprises market with its cloud-based service iON. As of March 2022, TCS had a total headcount of over 5, 90,000 workers. The workforce is diverse with over 153 nationalities represented.

Products and services 

Tata Consultancy Services (TCS) is known for its information technology (IT) services, consulting and business solutions which it offers to businesses of different sizes. The company aids businesses across sectors and geographies. Under its IT services business, TCS renders a whole host of IT-related services to clients across the globe. Some of the services put forward by the company are maintenance and development of computer applications, multiple infrastructure services, digital transformation services and a bunch of cloud computing services. TCS also provides enterprise integration services as well as product testing services. The consultancy business of TCS covers a wide array of sectors. Supply chain management and enterprise risk management are a few of the consultancy services offered by TCS. TCS’s digital solutions help clients transform their businesses and stay relevant in the ever-changing digital landscape. 

Listing 

Shares of TCS are listed on a number of Indian stock exchanges such as BSE, NSE and Madras Stock Exchange, Calcutta Stock Exchange, etc. The IT service major is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.