Do you know which is the largest IT services company by revenue in India today? It’s Tata Consultancy Services. Popularly named as TCS by all Indians, it is a leading global IT service, consulting, and business solutions organization. The company traces its history back to 1968 when it was founded by Faquir Chand Kohli, Tata Sons, and J.R. D. Tata.
Tata is practically everywhere. Every product we use today has some role of the Tata empire in it. The group has become one of India’s most respected business conglomerates because it grounds itself by five core principles- Integrity, Excellence, Responsibility, Pioneering, and Unity.
So, let’s talk about ten important facts about the company (TCS) that we bet you didn’t know.
Can you list the name of all the startups, TCS has invested in? There are many.
In the words of Ratan Tata “If you want to walk fast, walk alone. But if you want to walk far, walk together.” Ratan Tata’s style of investment and funding is remarkable as all the investments he has done so far have emerged as giants in their respective sectors.
He has made investments in startups like Ola, Paytm, Lenskart, Abra, Urban Clap, Xiaomi, Infinite Analysis, and Zivame among others. Tata’s investments helped these companies raise their profile and funds. His investment strategy for growth and business developments make Tata a giant and progressive company.
2. COLLABORATION WITH INDIAN POST
PC: Post & Parcel
Indian Post is 165-year-old postal services of India but it recently made to the headlines? Do you know why?
TCS collaborated with the Indian Post in 2019. Indian post is expected to undergo many tech-savvy modifications over some time. Changes may include modernization of the delivery system and enhancement of customer experience. The collaboration seeks to launch innovative services to enable newer and modern revenue streams so that it becomes a multi-service digital hub.
Furthermore, this is being done through 1,30,000 DARPAN (Digital Advancement of Rural Post office for a New India) hand-held devices for Gramin Dak Sevaks.
3. HUMILIATION BY FORD
Can we think of any company which doesn’t suffer from losses or regretted taking bad decisions? Certainly not. The same happened with TCS too.
The company was not living its good days in 1998 and faced challenges due to huge losses. It decided to sell Tata’s car business to Ford in 1999. However, an incident with Ford officials changed the course of history that eventually led to the cancellation of the deal.
The industrialist was humiliated for not knowing much about the car business but it took its revenge in 2008 and successfully bought Ford’s Jaguar and Land Rover. Ford chairman also thanked Ratan Tata for doing this big favor to the Ford group.
4. NUMBER OF EMPLOYEES
TCS has been ranked as the Number One Top Employer in Europe, MEA, and the Asia Pacific. But do you know the actual number of employees that TCS works with?
As of March 31, 2020, Tata Consultancy Services had over 4,48,400 employees all over the world. In the year 2005, it had only 45,714 employees. According to sources, TCS has the largest number of people working in the US with 54,874 employees.
The total number includes employees of 144 nationalities and with women comprising 36.2% of the total workforce.
5. CONTRIBUTION IN EDUCATION SECTOR
TCS has become the leading provider of digital education content and professional development for K-12 classrooms. Recently, they announced the launch of Ignite My Future in School, an initiative to use computational thinking to transform education in America.
This program aims to enable educators, administrators, and school districts to become ambassadors of a transdisciplinary approach. It also aims to introduce computer science within the content of subjects like English, Mathematics, Science, Social Studies, and Arts.
6. AWARDS AND RECOGNITION
The company takes pride in the honorary awards that it has received so far. It received Overall Most Outstanding company in India by Asiamoney’s 2019 Asia’s Outstanding Companies poll. It has been ranked #22 on the Forbes 2000 list of the World’s Best Regarded Companies in 2019.
TCS was honored with #1 for customer satisfaction for the sixth consecutive year in Europe’s largest independent survey of IT service providers, carried out by Whitelane Research in 2018. TCS today has become one of the prominent companies to be admired for their leadership skills all over the world.
Moreover, the best IT company has got the best CEO. The company’s CEO was ranked ‘Best CEO’ in institutional Investor’s All Asia Executive Team rankings 2018.
7. TATA NANO: DISCONTINUATION
Have you heard about the hullabaloo that Nano cars made in 2008? The credit of it goes to TCS.
Tata Motors was launched at the 2008 Delhi Auto show with an initial price of Rs 1 lakh. Although Ratan Tata created a car that is cheap enough for Indian families to trade in their motorbikes but it became a loss-making model.
The company also admitted that it made a huge mistake by launching this car. Unfortunately, the company produced zero units of Nano in 2019 and there were no sales recorded in January 2018 in the domestic market either.
8. AID FOR CANCER PATIENTS
Are you acquainted with the fact that giving is the greatest act of grace? TCS does.
When it comes to doing charity, TCS always stays at the forefront. TATA trusts decided to contribute Rs. 1000 crore to improve cancer-care facilities and to give better access to treatment for cancer patients in states like Rajasthan, Jharkhand, Uttar Pradesh, and Andhra Pradesh.
It also committed nearly Rs. 1200 crore to set up new cancer facilities and strengthen existing infrastructure in 2018 to bring better treatment closer to patients. It also plans to build four new cancer hospitals and community health centers.
9. RESEARCH AND DEVELOPMENT BOOM
Which is the first Research center setup in Pune?
It’s the Tata Research Development and Design Center (TRDCC)
TCS takes the credit of becoming the first company to set up the first-ever software research center in Pune. Tata Research Development and Design Center (TRDCC) researches in software engineering, process engineering, and machine learning.
Today, TRDCC is the largest R & D facility among the innovation center at TCS. The center made a prolific innovation by inventing a low-cost water purifier that can be manufactured using locally available resources. The project came to be known as Swach (formerly known as Sujal).
10. DONATION TO HARVARD BUSINESS SCHOOL
Have you heard about HBS and TCS’s biggest donation to it?
In 2013 Tata Group donated $50 million (Rs 220 crore) to Harvard Business School (Boston, USA) from the Dorabji Tata Trust and the Tata Education and Development Trust. The Group became the largest donor ever in the School’s 102-year history.
However, Tata Trusts was accused of favoring Harvard over underprivileged Indian Universities. It was alleged that trusts were committing blatant tax violations. It has denied allegations and misuse of any kind of exemptions.
The argument was backed by the fact that HBS has educated more than 400 MBAs and over 2200 executives and senior government leaders from India.
These are few facts about Tata Consultancy Services that one must-read. We hope that TCS explores more into the business world and always follow the five principles that it has been following since its establishment.