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Tata Consultancy Services Ltd.

BSE: 532540 Sector: IT
NSE: TCS ISIN Code: INE467B01029
BSE 00:00 | 12 Aug 3399.80 -22.65
(-0.66%)
OPEN

3420.00

HIGH

3420.10

LOW

3382.00

NSE 00:00 | 12 Aug 3401.55 -20.95
(-0.61%)
OPEN

3419.00

HIGH

3419.00

LOW

3381.25

OPEN 3420.00
PREVIOUS CLOSE 3422.45
VOLUME 112772
52-Week high 4045.50
52-Week low 2953.00
P/E 32.32
Mkt Cap.(Rs cr) 1,244,021
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3420.00
CLOSE 3422.45
VOLUME 112772
52-Week high 4045.50
52-Week low 2953.00
P/E 32.32
Mkt Cap.(Rs cr) 1,244,021
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Tata Consultancy Services Ltd. (TCS) - Chairman Speech

Company chairman speech

The supply chain upheavals during the past couple of years are driving a shift towardsrebalancing and resilience. As companies seek real-time data to transform their supplychains AI and predictive analytics help capture insights and react to changingconditions. Your company is helping companies reconfigure their supply chains to ensurethat they can serve their customers and stakeholders on time.

Dear Stakeholder

The past couple of years have been a period of intense action and reflection. We haveseen a global pandemic geopolitical tensions supply chain disruptions the rise ofcryptocurrency and many other public and private upheavals. As the dust settles and aclearer picture of the world ahead emerges I believe we are standing at the threshold ofa period of great opportunity and growth.

In the face of widespread change your company has shown remarkable resilience andadaptability coming out stronger than ever after catastrophic events like the globalfinancial crisis or the pandemic.

In FY 2022 your company crossed a milestone of $25 billion in revenuesexperiencing strong growth of 15.9% adding an all-time high incremental revenuesof $3.5 billion. Even more satisfyingly this growth has come with anindustry-leading operating margin of 25.3%. Since the start of the last decade thecompany has grown over four times comfortably outperforming its largest globalcompetitors. This growth is the source of our energy and vibrancy reflected in the 17.7%growth in market value to '1383427 crore in the past year.

The change in technology consumption reflects the prevailing trends in the economy.Recent events have accelerated digital adoption put the spotlight on supply chainresilience and added urgency to the sustainability imperative. Each of these represents anopportunity that can contribute towards the growth of not just your company but of theecosystem as a whole.

Digital transformation is now an integral part of the functioning of enterprisesgovernments and societies. Your company continues to play a critical role in thistransformation helping clients embrace new technologies initially to cope with thecrisis and since then to innovate at scale and grow their businesses.

As a fitness enthusiast I can tell you that the only way to transform in the long termis by strengthening one's core. It is no different for organizations. We work with largeenterprises to simplify their technology landscape and strengthen their core by building acloud-based digital foundation and embedding intelligent automation into their operationsso they can focus on building memorable experiences for their customers.

Artificial intelligence and data are key differentiators for enterprises today. TCShelps its customers stay ahead of the game by investing in research and innovationtapping the intellectual capital within the organization and also of our ecosystem throughour Co-Innovation Network which includes leading academic institutions and start-upsworking on cutting-edge technologies. Our insights and foresight are also crystallized inthe form of AI-powered products and platforms that give customers actionable intelligence.

Another area that is a priority for me at the Tata group is sustainability andintegrating that into business decision-making and business models. Your company ispartnering with clients in taking up community initiatives jointly in sharing bestpractices around diversity and inclusion and importantly in helping them achieve theirsustainability objectives using technology. In addition to reducing its own carbonfootprint in its journey to be net zero by 2030 your company is helping the world'slargest corporations in developing and executing their sustainability roadmaps deployingits portfolio of intellectual property and services to help them track their emissionsreduce their carbon footprint and get closer to their net zero goals.

The supply chain upheavals during the past couple of years are driving a shift towardsrebalancing and resilience. As companies seek real-time data to transform their supplychains AI and predictive analytics help capture insights and react to changingconditions—from widescale disruptions to individual customer complaints. Your companyis helping companies reconfigure their supply chains in many ways including rolling outconnected logistics to efficiently manage business disruption and ensure that they canserve their customers and stakeholders on time.

I strongly believe that technology is at its most transformational when combined withthe strength of human capital. In FY 2022 our employee strength grew to 592195 witha record net addition of 103546 employees. You will be proud of the way yourcompany supported its employees and their families in dealing with the pandemic includingorganizing what was perhaps the largest vaccination drive in corporate India for employeesand families of not just TCS but also of its extended ecosystem of partners and othergroup companies.

In turn our employees have shown remarkable resilience loyalty and tenacity inensuring that our customers are not impacted despite significant personal challenges. Isalute their spirit.

Our purpose is anchored in the well-being of all our stakeholders and the communitieswe operate in are very important stakeholders for us. Drawing from the legacy of the Tatagroup we work closely with our communities to create equitable inclusive pathways forall especially women youth and marginalized groups.

We leverage four forms of capital - Intellectual Technological Human and Financial -to bridge the opportunity gap for people and communities.

Our primary focus areas are education skilling employment and entrepreneurship.Additionally we invest in basic health and wellness water sanitation and hygieneconservation and disaster relief efforts.

Since 2015 your company has invested $634 million in its community initiativesand empowered millions of people globally primarily underserved students minoritiesyouth women and elders to be literate healthy educated digitally skilled becomerural entrepreneurs and gain employment.

As we look ahead to the future we go back to a key pillar of our strategy - customercentricity Our organization structure our investments in new capabilities andintellectual property our delivery models and contracting structures have all been shapedby our clients' needs. Our new organization structure is designed to make every clientcontinue to feel deeply valued and to leverage TCS' rich set of capabilities andcontextual knowledge to transform grow and build better futures. With scale and bysteadily expanding its transformation capabilities TCS is moving from pursuingopportunities to shaping those opportunities in the years ahead.

I look forward to sharing with you more milestones in this journey in the coming years.On behalf of the Board of Directors of Tata Consultancy Services

I want to thank you for your continued trust confidence and support.

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