Tata Consultancy Services Ltd is a leading global IT services consulting and business solutions organization. The company offers a range of IT services outsourcing and business solutions. They also offer IT infrastructure services business process outsourcing services engineering and industrial services global consulting and asset leveraged solutions. Their segments include banking financial services and insurance; manufacturing; retail and distribution and telecom. The company is a part of Tata Group one of India's most respected business conglomerates and most respected brands. They are headquartered in Mumbai. They are having 142 offices in 42 countries as well as 105 delivery centers in 20 countries. The company shares are listed on the National Stock Exchange and Bombay Stock Exchange of India.Tata Consultancy Services Ltd was incorporated in the year 1968. Tata Sons Ltd established the company as division to service their electronic data processing (EDP) requirements and provide management consulting services. In the year 1971 they started their first international assignment. The company pioneered the global delivery model for IT services with their first offshore client in 1974.In the year 1981 the company set up India's first IT R&D division the Tata Research Design and Development Centre at Pune. In the year 1985 they set up their first client-dedicated offshore development center for Compaq (then Tandem). In the year 1989 they delivered an electronic depository and trading system called SECOM for SIS SegaInterSettle Switzerland.In the year 1997 the company opened their new corporate training facility at Trivandrum. In the year 1998 they started virtualization of business. In the year 1999 they got SEI-CMM Level 5 certification for their Qwest HP SEEPZ & Sholinganallur centres. Also in the year 2000 they got SEI-CMM Level 5 certification for their Calcutta Bangalore Lucknow Hyderabad GEDC Ambattur and Ahmedabad centres. In the year 2001 the company completed the acquisition of public sector unit CMC Ltd. In the year 2002 they expanded their geography into new growth markets like China/ Uruguay. In 2003 TCS became the first Indian software company to cross one billion dollars in revenue. The company 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 USD to the company. During the year 2004-05 the company acquired WTI Advanced Technology Ltd and TCS Business Transformation Solutions Ltd (Previously Phoenix Global Solutions (India) Ltd) subsequently these two companies became the subsidiaries of the company. TCS tapped the capital markets in July 2004 in the largest private sector initial public offering (IPO) in the Indian market raising nearly $1.2 billion. In August 9 2004 the company became a publicly listed company. During the year 2005-06 the company acquired three companies Comicrom S A Chile Financial Network Services (Holdings) Pty Ltd Australia (FNS) and Swedish Indian IT Resources AB (SITAR). The company made strategic alliances with Diligenta Ltd for Life Insurance business. Also they entered into a Joint Venture Agreement with the State Bank of India. The new company was formulated and named C-Edge Technologies Ltd (C-Edge) for providing advanced technology solutions and world-class domain consulting for the banking and financial services sector.During the year the company ventured into a new area for an Indian IT Services Company. In April 2005 Tata Infotech Ltd with their three wholly owned subsidiaries namely Airline Financial Support Services (India) Ltd Aviation Software Development Consultancy India Ltd and TCS Business Transformation Solutions Ltd were amalgamated with the company.During the year 2006-07 the company in partnership with the Government of Madhya Pradesh formed a company namely MP Online Ltd for offering a wide range of computer enabled services in the State of Madhya Pradesh. The company through their wholly owned subsidiaries Tata Consultancy Services Asia Pacific Pte Ltd and Tata Consultancy Services Malaysia Sdn Bhd subscribed to 100% share capital of PT Tata Consultancy Services Indonesia a company formed for providing consulting and IT related services in IndonesiaTata Consultancy Services Netherlands B V a wholly owned subsidiary acquired 75% equity interest in Switzerland based TKS - Teknosoft S A for a consideration of Rs 368.06 crore. TCS FNS Pty Ltd another subsidiary acquired 100% equity interest in an Australian based company TCS Management Pty Ltd for a total consideration of Rs. 15.75 crore. Also TCS FNS Pty Ltd subscribed to 100% share capital of Financial Network Services Beijing Co Ltd to provide consulting and IT related services in China. The company through their wholly owned subsidiaries Tata Consultancy Services BPO Chile S A and TCS Inversiones Chile Limitada subscribed to 100 % share capital Tata solution Center S A to provide BPO services in Ecuador. During the year 2007-08 the company opened a centre in Cincinnati USA and a large centre in India at Hyderabad and laid the foundation for a large centre in Pune. They launched a major brand building initiative in order to articulate and propagate its new brand positioning. Also they signed a new multi-year contract with Chrysler LLC for providing a comprehensive portfolio of IT services. TKS Services S.A. Quartz Software Technology S.A. and Tata Consultancy Services Financial Solutions Limited merged with Tata Consultancy Services Switzerland Limited with effect from April 1 2007. In May 25 2007 the company through their wholly owned subsidiary Tata Consultancy Services Do Brasil Desenvolvimento De Servicos Ltda acquired 100% equity interest in a Brazil based Company GT Participacoes S.A. Also Tata Consultancy Services Do Brazil Desenvolvimento De Servicos Ltda and GT Participacoes S.A. have merged with Tata Consultancy Services Do Brazil Ltda with effect from July 1 2007. In June 21 2007 the company subscribed to 100% share capital of Tata Consultancy Services Morocco SARL AU a company formed for providing a range of computer enabled services in Morocco. In July 13 2007 the company through their wholly owned subsidiary Tata America International Corporation acquired 100% voting power in TCS Financial Management LLC. In October 23 2007 the company subscribed to 60% of the share capital of Tata Consultancy Services (Africa) (Pty) Limited a Company formed for providing IT services and investing in companies in South Africa. In January 24 2008 the company sold their shareholding interest in their associate Conscripti (Pty) Ltd for Rs. 3.83 crore. In March 2008 the company opened their North America Delivery Center called TCS Seven Hills Park. During the year 2008-09 the company acquired Citigroup Inc.'s (Citi) 96.26% interest in TCS e-Serve Ltd (formerly known as Citigroup Global Services Limited) the India-based captive BPO for a total consideration of USD 504.54 million. In addition Citi signed an agreement with the company to provide process outsourcing services to Citi and their affiliates for an aggregate amount of USD 2.5 billion over a period of 9.5 years.During the year the company through their subsidiary Tata Consultancy Services Asia Pacific Pte Ltd subscribed to 100% share capital of Tata Consultancy Services (Thailand) Ltd and Tata Consultancy Services (Philippines) Inc. In June 2008 the company got $11.5 million transformational deal to design install and integrate a tax administration system for the Uganda Revenue Authority (URA). In July 29 2008 the company won the highest incremental improvement award and moved to the Industry Leader position in the Tata Business Excellence Model ('TBEM') at the JRD QV Awards ceremony.In October 22 2008 the Tata Infotech Deutschland GmbH has merged with Tata Consultancy Services Deutschland GmbH. The merged entity is a wholly owned subsidiary of the company. In December 11 2008 the company subscribed to 50% share capital of National Power Exchange Ltd established to promote trading of electrical power in India.In June 5 2009 the company through their wholly owned subsidiary Tata Consultancy Services Canada Inc acquired 100% interest in ERI Holdings Corp. In January 1 2010 the company through their wholly owned subsidiary TCS Iberoamerica S.A. subscribed to 100% interest of TCS Uruguay S.A. In January 1 2010 they purchased 100% interest of MGDC S.C. Mexico through their wholly owned subsidiaries TCS Uruguay S.A. and TCS Argentina S.A. In June 2010 the company signed a multi-year outsourcing contract with Telenor Norway. In June 30 2010 Syscrom S.A. Chile merged with Tata Consultancy Services BPO Chile SA a wholly owned subsidiary of TCS Inversiones Chile Limitada. Also Custodia De documentos Interes Limitada Chile merged with Tata Consultancy Services BPO Chile SA a wholly owned subsidiary of TCS Inversiones Chil Limitada. During the year 2010-11 the company set up five subsidiaries namely MahaOnline Limited Diligenta 2 Limited MS CJV Investments Corporation Retail FullServe Limited and CMC eBiz Inc. Also Financial Network Services (H.K.) Limited was liquidated and de-registered during the year.The Company entered into an agreement with the Government of Maharashtra pursuant to which a new subsidiary company MahaOnline Ltd (MahaOnline) was setup on July 28 2010 with equity participation from TCS and Government of Maharashtra. MahaOnline provides online internet-based citizen services to the residents in Maharashtra. This citizen service portal is integrated with DigiGov a state-of-the-art e-Governance solution developed by TCS.In August 31 2010 Diligenta Limited a majority owned subsidiary acquired the entire share capital of Unisys Insurance Services Limited (UISL) which provides life and pensions services to its clients in the UK. On this acquisition UISL was renamed as Diligenta 2 Limited. In October 4 2010 Tata America International Corporation - a wholly owned subsidiary acquired 100% share capital of MS CJV Investments Corporation. Consequently the group holding in Tata Consultancy Services (China) Co. Ltd. has increased from 65.94% to 74.63%.In October 8 2010 the Company acquired 100% equity share capital of SUPERVALU Services India Pvt Ltd from SUPERVALU Inc. one of the largest grocery retailers in North America.In December 2010 the company launched their new business process outsourcing (BPO) center in the Philippines. The company won a contract for establishing and managing the State Data Centre for the state of Uttar Pradesh. In February 2011 they signed five year contract with du the integrated telecom service provider in the United Arab Emirates. Also they launched iON - a fully integrated information technology solution for Small and Medium Business (SMB). iON provides on-demand business solutions using scalable cloud computing technology. It has been developed to deliver IT in the third generation service model to SMBs. In August 2011 the company and the Singapore Management University (SMU) announced the establishment of the TCS-SMU iCity Lab to be located at SMU. The collaboration agreement signed states the two organizations are partnering to create a new research facility to develop industry standards and IT frameworks for the emerging intelligent city (iCity) model of urban development. In December 2011 Call Genie Inc. announced that it has entered into a five year reseller agreement with Tata Consultancy Services (TCS) the IT services consulting and business solutions firm whereby TCS will resell the full suite of Call Genie and UpSnap Mobile products worldwide.In February 2012 the company signed a multi-year multi-million euro contract with Europcar. After a rigorous evaluation process Europcar Information Services (EIS) the company's IT subsidiary selected TCS to manage strategic IT Services development for its French operations. Also the company and Mitsubishi Corporation announced a new joint venture Nippon TCS Solution Center Ltd for the Japanese market. Nippon TCS Solution Center will offer a full service suite of IT BPO and Infrastructure services to Japanese corporations. TCS Japan will have 60% stake with Mitsubishi Corporation having a 40% stake. The joint venture will also establish a nearshore delivery center in Japan.In 2012 the company won various awards like SAP Award of excellence for best run value realization for Project Spectrum innovation award in France. Achievers 50 Most Engaged Workplaces in US Partner Impact Awards from SAP 2011 Eaton Premier Supplier Award 'People Choice' award from the US National Science Foundation etc. The company also signed deal with South Africa Nedgroup Insurance. During the year the company launched passport seva Kendra in Delhi and also launched new rapid implementation offering for Oracle Fusion HCM. The company signed agreement with Scandinavian Airlines for F&A platform and entered into agreement with UK-based hospitality business chain. The company bags prestigious contract from UK Home Office Department during the year under review.In 2013 the company was placed as a Leader in Oracle Application Management Services by Leading Research Firm. The company completed the acquisition of French IT Services firm ALTI. The company Launched Mobile Telematics Solution for Auto Insurers. During the year the company was Designated a Leader and 2012 Star Performer in Capital Markets Application Outsourcing by Everest Group Research. The company was also selected by Nokia as a global IT Partner. The company expands UK operations in Liverpool. During the year the company was Placed as a Leader in Oracle Application Management Services by Gartner. The company also received Partner Excellence Award From Pegasystems Inc. The company also won multiple Corporate Engagement Awards in Europe.On 9 April 2013 TCS signed definitive agreements for the acquisition of 100 percent equity shares in Alti SA an IT services company in France for a value of 75 million Euro in an all-cash transaction.In 2014 the company Launched New Digital Software & Solutions Group to Transform Digital Commerce and Customer Centricity.The company was selected by Diageo as a strategic partner during the year under review. The company introduced New Software Assurance Solution Co-Developed with Nissan during the year. During the year the company was also Recognized as a `Leader' in Retail Banking BPO by NelsonHall. The company received numerous awards during the year such as the companies TCS UK wins Gold Award for `Innovation in Learning' op Workforce Award at the 2014 Diversity and Inclusion (DANDI) Awards Ceremony Prestigious Association of Management Consulting Firms Award wins Leading Vendor Award for Quality Assurance Services. During the year the company was named Exclusive Certification Services Provider for CDMI Conformance Testing by SNIA. The company was also Positioned as a Leader in Capital Markets BPO by Everest Group.On 21 April 2014 TCS announced the merger of TCS Japan IT Frontier Corporation (ITF) Mitsubishi Corporation's (MC) 100 percent IT subsidiary and Nippon TCS Solution Center (NTSC) to create a strong IT services unit in Japan. On 16 October 2014 the Board of Directors of TCS and CMC approved merger of CMC with TCS. The swap ratio for the merger was fixed at 79 equity share of Re. 1 each of TCS for 100 equity shares of Rs. 10 each of CMC.In 2015 the company signed a multi-year partnership deal with UK-based leading airline Virgin Atlantic Airways (VAA) as Virgin Atlantic Airways selects TCS to support Digital Transformation programme. The companies Research Scholarship Programme expands to reach 200 more Computer Science PhD's in India. During the year the company consolidates its long term partnership with the City of Amsterdam. During the year the company has been recognised by Ovum as a leader in the Ovum Decision Matrix. The company was also recognized as a Leader and Star Performer in Capital Markets Application Outsourcing Services by Everest Group. Europe's largest ever survey of business leaders ranks TCS 1 on both performance and customer satisfaction. During the year the company also has won three different awards at the Brandon Hall Group Awards. Singapore Airlines and the company Introduce Mobile Solution for Cabin Crew. During the year under review the company was recognized as the industry's fastest growing brand over last five years. The company also enters into strategic partnership with iRise. The company Launches Business Process Innovation Simulation & Visualization as a Service (VaaS). The company Expands operations by opening a new Banking and Financial Services(BFS) center in Singapore. The company Wins 2015 SAP Pinnacle Award - Euroclear Finland launches Infinity powered by TCS BaNCS for Market Infrastructure. The company was ranked as the 57th leading brand in the US by Brand Finance. During the year the company Announces Premier Partnership with Adobe for Digital Marketing Solutions and Services. The company also announces Global Strategic Partnership with FICO during the year under review.In 2017 TCS China was set up as a joint venture with the Chinese government and other partners.