Microsoft India and Tata Consultancy Services (TCS) today announced a strategic alliance between the two companies to launch Microsoft-TCS virtualization Center of Excellence (CoE) in Chennai. Designed to help customers experience the right approach to applying and managing virtualization across IT architectural layers (namely server, machine, application and desktop) in their business environments - the CoE will leverage best of breed Microsoft technologies (such as Windows Server 2008 Hyper-V and System Center Virtual Machine Manager 2008) to showcase virtualization scenarios to customers. The Microsoft-TCS virtualization CoE is a joint initiative by the companies to accelerate the adoption of virtualization technology in India.
The Microsoft-TCS virtualization CoE will deliver a heightened user experience that will help customers demystify Virtualization: migration from physical to virtual environments, user experience and performance, management of physical and virtual infrastructure from a single console - and experience how virtualization technology deployment in the datacenter can enable improved performance, higher availability and lower cost of ownership of IT infrastructure.
With a holistic approach to virtualization, Microsoft addresses its customers' end-to-end virtualization requirements - with technologies and solutions spanning across the datacenter to the desktop, and from implementation to management (both virtual and physical resources).
Showing posts with label tata consultancy services. Show all posts
Showing posts with label tata consultancy services. Show all posts
Tuesday, September 8, 2009
Thursday, June 4, 2009
TCS to launch platforms for finance and accounting and procurement
Information Technology giant Tata Consultancy Services (TCS) will be launching its platform-based BPO services for financing and accounting besides procurement.
The company last year launched platform-based BPO, which involved combining IT with operations, to creat a standardised technology led platform for process execution.
TCS had chosen platform based BPO as part of its non linear growth strategies and looks to it as an important long term growth initiative. It had already launched platforms in areas such as life and pension processing and human resource outsourcing.
The company, which had made a strategic acquisition of the capitive BPO unit of the Citigroup last year to suppliment its portfolio of offerings for the global banking and financial services industry, has now emerged the second largest integrated BPO player from India with over 25,000 professionals, including 12,000 from the Citigroup BPO acquisition with the combined revenues of the TCS BPO and its subsidiaries.
The BPO operations now emcompass seven verticals executing over one billion plus transactions. The BPO revenue stood at Rs 1919 crore last fiscal up from Rs 1402 crore the previous year.
The company in its Annual Report for 2008-09 had stated that besides Platform BPO the non linear growth strategies also encompased asset leveraged solutions and small and medium business initiatives.
One of the pillars of assets leveraged solutions was TCS financial solutions, a strategic business initiative focussing on building and selling software products to global financial services industry from capital markets and securities trading and settlement besides core banking products.
It also offered other risk compliance and private banking products. Other verticals in which the company was in frameworks and solutions included government and life sciences.
The strategic business unit for the Small and Medium businesses offered IT as a service, an innovative business model under which the company would provide and manage IT remotely to SMEs and charge them on a subscription basis.
The services and solutions within this framework included core business applications such as ERP, CRM, Finance and accounting.
The company last year launched platform-based BPO, which involved combining IT with operations, to creat a standardised technology led platform for process execution.
TCS had chosen platform based BPO as part of its non linear growth strategies and looks to it as an important long term growth initiative. It had already launched platforms in areas such as life and pension processing and human resource outsourcing.
The company, which had made a strategic acquisition of the capitive BPO unit of the Citigroup last year to suppliment its portfolio of offerings for the global banking and financial services industry, has now emerged the second largest integrated BPO player from India with over 25,000 professionals, including 12,000 from the Citigroup BPO acquisition with the combined revenues of the TCS BPO and its subsidiaries.
The BPO operations now emcompass seven verticals executing over one billion plus transactions. The BPO revenue stood at Rs 1919 crore last fiscal up from Rs 1402 crore the previous year.
The company in its Annual Report for 2008-09 had stated that besides Platform BPO the non linear growth strategies also encompased asset leveraged solutions and small and medium business initiatives.
One of the pillars of assets leveraged solutions was TCS financial solutions, a strategic business initiative focussing on building and selling software products to global financial services industry from capital markets and securities trading and settlement besides core banking products.
It also offered other risk compliance and private banking products. Other verticals in which the company was in frameworks and solutions included government and life sciences.
The strategic business unit for the Small and Medium businesses offered IT as a service, an innovative business model under which the company would provide and manage IT remotely to SMEs and charge them on a subscription basis.
The services and solutions within this framework included core business applications such as ERP, CRM, Finance and accounting.
Wednesday, October 8, 2008
Tata Consultancy to buy Citi arm for $505 mn
Notwithstanding the crisis in the global financial system, leading Indian information technology major Tata Consultancy Services (TCS) Wednesday said it will buy the outsourcing arm of Citigroup for $505 million.
In addition to the acquisition, TCS has entered into a $2.5 billion pact with US-headquartered Citigroup to provide outsourced services for a period of nine-and-a-half years, said a statement issued by the two groups.
The all-cash deal to acquire Citigroup Global Services, formerly called E-serve International, will particularly help refurbish the financials of the US-based giant, which is reeling under $61-billion credit-related write-downs.
The outsourcing arm of Citigroup, which has expertise in banking and financial services industries, employs more than 12,000 people in India, who are expected to generate revenues worth $278 million in the current year.
"This is a great transaction that benefits all parties - Citi, our customers, our employees and TCS," said Don Callahan, chief administrative officer of Citi.
"This transaction is expected to help reduce operating expenses related to business processing and will allow us to focus on our core financial services competence,” he added in a statement.
TCS, which is part of the $62.5-billion Tata group that has 96 companies in its fold, had been providing services to Citi since 1992, and hopes to conclude the twin-deals by the fourth quarter of 2008.
“This acquisition of Citigroup Global Services has two immediate strategic benefits for TCS,” said N. Chandrasekaran, executive director of the Indian company.
He listed the benefits as avenues to gain expertise in banking and financial services industries and integrate their existing products and solutions for large financial institutions and banks.
“We welcome Citigroup Global Services professionals into the TCS family, where they will be able to participate in the company's new growth endeavours.”
According to analysts on Wall Street, the money expected into the coffers of Citi will likely help its Indian-born chief executive Vikram Pandit to fund acquisitions like Wachovia Corp's branch operations.
Tata Consultancy employs more than 115,000 information technology consultants in some 50 countries, generating revenues worth $5.7 billion in the fiscal year ended March 31, 2008.
Despite the announcement of the mega deal, the shares of Tata Consultancy were down 6.23 percent on the Bombay Stock Exchange, as part of the overall meltdown of Indian equities Wednesday.
In addition to the acquisition, TCS has entered into a $2.5 billion pact with US-headquartered Citigroup to provide outsourced services for a period of nine-and-a-half years, said a statement issued by the two groups.
The all-cash deal to acquire Citigroup Global Services, formerly called E-serve International, will particularly help refurbish the financials of the US-based giant, which is reeling under $61-billion credit-related write-downs.
The outsourcing arm of Citigroup, which has expertise in banking and financial services industries, employs more than 12,000 people in India, who are expected to generate revenues worth $278 million in the current year.
"This is a great transaction that benefits all parties - Citi, our customers, our employees and TCS," said Don Callahan, chief administrative officer of Citi.
"This transaction is expected to help reduce operating expenses related to business processing and will allow us to focus on our core financial services competence,” he added in a statement.
TCS, which is part of the $62.5-billion Tata group that has 96 companies in its fold, had been providing services to Citi since 1992, and hopes to conclude the twin-deals by the fourth quarter of 2008.
“This acquisition of Citigroup Global Services has two immediate strategic benefits for TCS,” said N. Chandrasekaran, executive director of the Indian company.
He listed the benefits as avenues to gain expertise in banking and financial services industries and integrate their existing products and solutions for large financial institutions and banks.
“We welcome Citigroup Global Services professionals into the TCS family, where they will be able to participate in the company's new growth endeavours.”
According to analysts on Wall Street, the money expected into the coffers of Citi will likely help its Indian-born chief executive Vikram Pandit to fund acquisitions like Wachovia Corp's branch operations.
Tata Consultancy employs more than 115,000 information technology consultants in some 50 countries, generating revenues worth $5.7 billion in the fiscal year ended March 31, 2008.
Despite the announcement of the mega deal, the shares of Tata Consultancy were down 6.23 percent on the Bombay Stock Exchange, as part of the overall meltdown of Indian equities Wednesday.
Thursday, November 15, 2007
India's 40 largest companies
Around the start of every winter, Indians worship the goddess of wealth, Lakshmi, as part of their biggest festival, Diwali. This year, some of the companies on our India 40 list had plenty of reason to celebrate, with their market capitalization as much as tripling in a stellar bull run. Infrastructure, energy and banking companies dominated the rankings, as demand boomed in these sectors.
India's largest company by market value and our list-topper Reliance Industries saw its market capitalization go from $30.7 billion since the last list to $91.54 billion this year. The company run by billionaire Mukesh Ambani had a more modest rise in assets, from $21.70 billion to $30.67 billion. Oil and Natural Gas Corp.--at second spot--saw market capitalization nearly double to $61.81 billion from $31.4 billion. But its assets rose faster, from $18.6 billion to $33.7 billion.
India's benchmark Sensitive Index (Sensex) has gained 41 per cent this year, as foreign investors pumped around $17 billion into the markets. Domestic companies are seeing strong growth as a rapidly expanding middle class fuels demand for consumer goods and takes bank loans to invest in homes and vehicles. This year, 13 banks made the list, with State Bank of India topping the sector rankings at No. 3. The country's largest private lender, ICICI Bank, came in a close second at No. 5, up one spot from last year. Others on the list included HDFC Bank, Canara Bank and Bank of Baroda.
Infrastructure companies also fared well, powered by an increase in state spending on roads, ports and airports as well as rising construction demand for homes and businesses. The government estimates it will need close to $500 billion over the next five years to ramp up infrastructure, a key roadblock to the growth of the economy, which rose 9.4 per cent for the year ending on March 31.
Larsen and Toubro, India's largest engineering company, which won a $1.4 billion contract this month to modernize an overcrowded airport in Mumbai, came in at No. 15, a seven-point jump from last year. Capital goods business Bharat Heavy Electricals gained 10 spots to No. 13. India's largest real estate developer by value, DLF, was a new entrant, at No. 26. The New Delhi-based company raised a record $2.5 billion in an initial public offering in June. Real estate business Unitech is another newbie, at No. 36. Construction company Grasim Industries moved up seven spots to No. 27.
Another sector that grew at a gallop this year was telecom. India is now the world's fastest-growing telecom market, adding around 7 million subscribers every month. Market leader Bharti Airtel was at No. 9 on the list, up two spots from last year. New entrant Reliance Communications was at No. 10. Both firms are investing billions of dollars to expand networks, especially in untapped rural areas.
Software services companies, for several quarters the darlings of domestic investors as outsourcing from the West multiplied their profits, lost a little shimmer this year. A rupee that appreciated around 12 per cent against the U.S. dollar since January cut into revenues from their main market of North America. Rising wages and high attrition costs compounded the woes.
India's largest software services company, Tata Consultancy Services, fell two spots to No. 11. Wipro came in at No. 16, compared with its No. 12 ranking last year. But Bangalore-based Infosys Technologies managed to hold its own, gaining one spot to No. 14 on the list.
Another casualty of the rupee's appreciation: Adani Exports, No. 37 last year, fell off this year's list, replaced by newcomer Central Bank of India.
Automobile companies haven't had a stellar year either. The central bank's tightening monetary policy prompted banks to increase interest rates, cutting into the markets for heavy commercial vehicles (between eight and 35 tons) and passenger cars that are financed mainly by loans.
Bajaj Auto dropped off this year's list, while India's largest carmaker Maruti Udyog fell one spot to 31. Tata Motors, which controls 65 per cent of the commercial vehicle market, was at No. 22, compared with its ranking at No. 10 last time. Truck maker Mahindra and Mahindra fell five spots to No. 33.
Despite the sector setbacks, this year's India 40 list tells the story of a flourishing economy consolidating its position on the global map. And with a domestic market place of a billion-plus people, 60 per cent of them under 30 years old, the boom is unlikely to falter anytime soon.
We ranked the 40 largest companies headquartered out of India using Thomson Financial's Worldscope database. They were judged on sales, profits, net assets and market value--each metric equally weighted. We excluded publicly traded subsidiaries with greater than 50 per cent ownership of company stock and/or figures consolidated by the parent company from the rankings.
India's largest company by market value and our list-topper Reliance Industries saw its market capitalization go from $30.7 billion since the last list to $91.54 billion this year. The company run by billionaire Mukesh Ambani had a more modest rise in assets, from $21.70 billion to $30.67 billion. Oil and Natural Gas Corp.--at second spot--saw market capitalization nearly double to $61.81 billion from $31.4 billion. But its assets rose faster, from $18.6 billion to $33.7 billion.
India's benchmark Sensitive Index (Sensex) has gained 41 per cent this year, as foreign investors pumped around $17 billion into the markets. Domestic companies are seeing strong growth as a rapidly expanding middle class fuels demand for consumer goods and takes bank loans to invest in homes and vehicles. This year, 13 banks made the list, with State Bank of India topping the sector rankings at No. 3. The country's largest private lender, ICICI Bank, came in a close second at No. 5, up one spot from last year. Others on the list included HDFC Bank, Canara Bank and Bank of Baroda.
Infrastructure companies also fared well, powered by an increase in state spending on roads, ports and airports as well as rising construction demand for homes and businesses. The government estimates it will need close to $500 billion over the next five years to ramp up infrastructure, a key roadblock to the growth of the economy, which rose 9.4 per cent for the year ending on March 31.
Larsen and Toubro, India's largest engineering company, which won a $1.4 billion contract this month to modernize an overcrowded airport in Mumbai, came in at No. 15, a seven-point jump from last year. Capital goods business Bharat Heavy Electricals gained 10 spots to No. 13. India's largest real estate developer by value, DLF, was a new entrant, at No. 26. The New Delhi-based company raised a record $2.5 billion in an initial public offering in June. Real estate business Unitech is another newbie, at No. 36. Construction company Grasim Industries moved up seven spots to No. 27.
Another sector that grew at a gallop this year was telecom. India is now the world's fastest-growing telecom market, adding around 7 million subscribers every month. Market leader Bharti Airtel was at No. 9 on the list, up two spots from last year. New entrant Reliance Communications was at No. 10. Both firms are investing billions of dollars to expand networks, especially in untapped rural areas.
Software services companies, for several quarters the darlings of domestic investors as outsourcing from the West multiplied their profits, lost a little shimmer this year. A rupee that appreciated around 12 per cent against the U.S. dollar since January cut into revenues from their main market of North America. Rising wages and high attrition costs compounded the woes.
India's largest software services company, Tata Consultancy Services, fell two spots to No. 11. Wipro came in at No. 16, compared with its No. 12 ranking last year. But Bangalore-based Infosys Technologies managed to hold its own, gaining one spot to No. 14 on the list.
Another casualty of the rupee's appreciation: Adani Exports, No. 37 last year, fell off this year's list, replaced by newcomer Central Bank of India.
Automobile companies haven't had a stellar year either. The central bank's tightening monetary policy prompted banks to increase interest rates, cutting into the markets for heavy commercial vehicles (between eight and 35 tons) and passenger cars that are financed mainly by loans.
Bajaj Auto dropped off this year's list, while India's largest carmaker Maruti Udyog fell one spot to 31. Tata Motors, which controls 65 per cent of the commercial vehicle market, was at No. 22, compared with its ranking at No. 10 last time. Truck maker Mahindra and Mahindra fell five spots to No. 33.
Despite the sector setbacks, this year's India 40 list tells the story of a flourishing economy consolidating its position on the global map. And with a domestic market place of a billion-plus people, 60 per cent of them under 30 years old, the boom is unlikely to falter anytime soon.
We ranked the 40 largest companies headquartered out of India using Thomson Financial's Worldscope database. They were judged on sales, profits, net assets and market value--each metric equally weighted. We excluded publicly traded subsidiaries with greater than 50 per cent ownership of company stock and/or figures consolidated by the parent company from the rankings.
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