TCS Share Price

Tata Consultancy Services (TCS) is an IT services and consulting giant headquartered in Mumbai. The Fortune 500 company is the largest IT services provider in India.

A part of the salt-to-software conglomerate Tata Group, TCS is the second-largest Indian company by market capitalisation and one the most valuable IT service brands worldwide. The company also owns and operates its manufacturing facility in Mapusa Goa.

The market capitalisation of TCS stood at over ₹13.39 lakh crore as of December 14, 2023. TCS share price has surged over 30% in the last three years.

TCS was founded 55 years ago in 1968 by JRD Tata in Mumbai to address the computing needs of Tata group companies. Initially known as Tata Computer Systems, its earliest contracts included extending punched card services to sister company Tata Steel and bureau services to Unit Trust of India. TCS started its international operations in 1971 with first assignment from a foreign client and entered into a global delivery model for IT services with its first offshore client in 1974.

TCS business and services

The wide range of products and services of TCS include verticals like consulting, service integration, application building, digital transformation, cloud computing, engineering services, cognitive business operations, product development and emerging technology solutions like Artificial Intelligence (AI).

The company operates from 150 locations in 46 countries and provides services across cloud technology, consulting and cybersecurity. Apart from India, the company’s business operations are spread across America, Latin America, the United Kingdom, Continental Europe, Asia-Pacific, Middle East and Africa.

In India, TCS is known for creating or managing some of the most widely used services. TCS made an ERP system for the Indian Railway Catering and Tourism Corporation (IRCTC) in 2006. TCS, in partnership with the company Neurotechnology, was chosen by the Unique Identification Authority of India (UIDAI) to supply biometric technology for the Aadhaar digital ID programme. TCS also offers services for Passport Seva Kendras (PSKs) across India.

The Tata Group company crossed the $1 billion revenue mark in 2003, becoming the first Indian IT company to achieve the milestone. In 2014, the company achieved the $10 billion mark in revenue. It surpassed Accenture in market cap in October 2020 to become the most valued IT company in the world and surpassed $200 billion market cap in September 2021, a first for any IT company in India.

Over the years, TCS has acquired many foreign IT firms like French IT services company ALTI SA and Mitsubishi Corporation's IT arm in Japan.