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please tell me about TCS & what do u know about this company
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Answer Posted / d.durgarao
Tata Consultancy Services was established in the year 1968
and is a pioneer in the Indian IT industry.[4] Despite
unfavourable government regulations like the Licence Raj the
company succeeded in establishing the Indian IT Industry.
It began as the "Tata Computer Centre", a division of the
Tata Group whose main business was to provide computer
services to other group companies. F C Kohli was the first
general manager. JRD Tata was the first chairman, followed
by Nani Palkhivala.
One of TCS' first assignments was to provide punch card
services to a sister concern, Tata Steel (then TISCO). It
later bagged the country's first software project, the
Inter-Branch Reconciliation System (IBRS) for the Central
Bank of India[4]. It also provided bureau services to Unit
Trust of India, thus becoming one of the first companies to
offer BPO services.
In the early 1970s, Tata Consultancy Services started
exporting its services. TCS's first international order came
from Burroughs, one of the first business computer
manufacturers. TCS was assigned to write code for the
Burroughs machines for several US-based clients[5]. This
experience also helped TCS bag its first onsite project -
the Institutional Group & Information Company (IGIC), a data
centre for ten banks, which catered to two million customers
in the US, assigned TCS the task of maintaining and
upgrading its computer systems[6].
In 1981, TCS set up India's first software research and
development center, the Tata Research Development and Design
Center (TRDDC) [7]. The first client-dedicated offshore
development center was set up for Compaq (then Tandem) in 1985.
In 1989, TCS delivered an electronic depository and trading
system called SECOM for SIS SegaInterSettle, Switzerland. It
was by far the most complex project undertaken by an Indian
IT company. TCS followed this up with System X for the
Canadian Depository System and also automated the
Johannesburg Stock Exchange (JSE)[8]. TCS associated with a
Swiss partner, TKS Teknosoft, which it later acquired[9].
In the early 1990s, the Indian IT outsourcing industry grew
tremendously due to the Y2K bug and the launch of a unified
European currency, Euro. TCS pioneered the factory model for
Y2K conversion and developed software tools which automated
the conversion process and enabled third-party developers
and clients to make use of it[10].
In 1999, TCS 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 dollars (US) to TCS[11].
On 9 August 2004, TCS became a publicly listed company[12],
much later than its rivals, Infosys, Wipro and Mahindra Satyam.
During 2004, TCS ventured into a new area for an Indian IT
services company - Bioinformatics[13]
In 2008, the company went through an internal restructuring
exercise that executives claim would bring about agility to
the organization.[14].
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