The Information Technology 100
Tata Consultancy Services
One of India's oldest software-services companies, Tata Consultancy Services took a big step in 2004: It went public, raising $1.17 billion in India's largest initial public offering. However, a one-time $23.5 million charge on employee incentives kept profit growth to 27.5%, lagging peers in a fast-growing industry -- and leaving investors momentarily disappointed. Already the market leader, TCS is looking for foward growth in high-value businesses such as technology consulting, software embedded in electronic chips, and radio frequency identification (RFID). And, excited about combining India's software skills with China's electronic hardware prowess, CEO S Ramadorai is expanding rapidly in Hangzhou.
|Return on Equity||70.5%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
† Total return is based on less than one year of data because IPO has occurred since May 30, 2004.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Tata Consultancy Services (TCS) provides information technology and management consulting services to organizations in more than 53 countries. The company offers e-business, application development and maintenance, architecture and technology consulting, engineering, security, infrastructure development and management, and quality consulting services. In addition, TCS offers software packages for business functions such as applications for electronic banking, insurance billing, customer relationship management, and hospital management. It caters to finance and banking, insurance, telecommunication, transportation, retail, manufacturing, pharmaceutical, and utility industries. The company was founded in 1968 and is based in Mumbai, India. It has more than 150 offices worldwide. TCS operates as a subsidiary of Tata Sons Ltd.
No. of Employees
S. Ramadorai serves as Chief Executive Officer of Tata Consultancy Services (TCS). Mr. Ramadorai is Chairman of Tata Technologies Ltd. and Chairman of CMC Ltd. He has been a Director of CMC Ltd. since October 16, 2001. Mr. Ramadorai holds a Bachelors degree in Physics from Delhi University, a Bachelor of Engineering in Electronics and Telecommunications from Indian Institute of Science, Bangalore and a Masters degree in Computer Science from the University of California. Mr. Ramadorai took the Senior Executive Development Program at MIT's Sloan School of Management in 1993.