Question

How many number years tcs is in business?

Answer 1

Tata Consultancy Services

Tata Consultancy Services Ltd is a leading global IT services consulting and business solutions organization. The company offers a range of IT services outsourcing and business solutions. They also offer IT infrastructure services business process outsourcing services engineering and industrial services global consulting and asset leveraged solutions. Their segments include banking financial services and insurance; manufacturing; retail and distribution and telecom. The company is a part of Tata Group one of India's most respected business conglomerates and most respected brands. They are headquartered in Mumbai. They are having 142 offices in 42 countries as well as 105 delivery centers in 20 countries. The company shares are listed on the National Stock Exchange and Bombay Stock Exchange of India.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 India's first IT R&D division the Tata Research Design and Development Centre at Pune. In the year 1985 they set up their first client-dedicated 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 SEI-CMM Level 5 certification for their Qwest HP SEEPZ & Sholinganallur centres. Also in the year 2000 they got SEI-CMM 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 E-Commerce and related solutions and set up its E-Business division with ten people. By 2004 E-Business was contributing half a billion USD to the company. During the year 2004-05 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 2005-06 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 C-Edge Technologies Ltd (C-Edge) for providing advanced technology solutions and world-class 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 2006-07 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 the State of Madhya Pradesh. The company through their wholly owned subsidiaries Tata Consultancy Services Asia Pacific Pte Ltd.