![]() ![]() Towards the end of 1999, TCS decided to offer Decision Support System (DSS) in the domestic market under its Corporate Vice President and Transformation Head Subbu Iyer. In anticipation of the Y2K bug and the launch of a unified European currency ( Euro), Tata Consultancy Services created the factory model for Y2K conversion and developed software tools which automated the conversion process and enabled third-party developer and client implementation. In 1981, it established India's first client-dedicated offshore development centre, set up for clients Tandem. In 1980, TCS established India's first dedicated software research and development center, the Tata Research Development and Design Centre (TRDDC) in Pune. TCS associated with a Swiss partner, TKS Teknosoft, which it later acquired. In 1975, TCS delivered an electronic depository and trading system called SECOM for a Swiss company SIS SegaInterSettle it also developed System X for the Canadian Depository System and automated the Johannesburg Stock Exchange. Its early contracts included punched card services to sister company TISCO (now Tata Steel), working on an Inter-Branch Reconciliation System for the Central Bank of India, and providing bureau services to Unit Trust of India. Tata Consultancy Services Limited, initially started as Tata Computer Systems, was founded in 1968 by a division of Tata Sons Limited. In 2016–2017, parent company Tata Sons owned 72.05% of TCS and more than 70% of Tata Sons' dividends were generated by TCS. In September 2021, TCS recorded a market capitalization of US$200 billion, making it the first Indian IT tech company to do so. Īs of 2018, it is ranked eleventh on the Fortune India 500 list. As on Jun 2023, it is the world's 2nd largest IT employer. In 2015, TCS was ranked 64th overall in the Forbes "World's Most Innovative Companies" ranking, making it one of the highest-ranked IT services companies and a top Indian company. TCS is the second largest Indian company by market capitalization and is among the most valuable IT service brands worldwide, and is the top Big Tech (India) company. In July 2022, it was reported that TCS had over 600,000 employees worldwide. It is a part of the Tata Group and operates in 150 locations across 46 countries. Tata Consultancy Services ( TCS) is an Indian multinational information technology (IT) services and consulting company with its headquarters in Mumbai, Maharashtra. ![]()
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