Email Contact Phone Company Visit Website

Tata Consultancy Services Ltd - HQ Head Office

L-Centre, Plot No.78, 79 & 83EPIP Industrial Area, WhitefieldPhone: +91 806725 3000Email: [email protected]

Tata Consultancy Services NY Office

1, World Financial Center, 21st floorEmail: [email protected]
New York

Tata Consultancy Services London Office

33, Grosvenor Place

Tata Consultancy Services Zurich Office

Glatt TowerP.O. Box 1418

Tata Consultancy Services Dubai Office

PO Box - 5866101 Business CenterKhlid Bin Walid RoadBur Dubai

Tata Consultancy Services Singapore Office

5 Shenton Way# 22-01 UIC building

Tata Consultancy Services Beijing Office

Tower D, 3rd BlockZhongguancun Software Park, Bldg.98 Dongbeiwang West Road

Tata Consultancy Services Sydney Office

TCS Finacial Solutions6/70 Rosehill StRedfern 2016

Tata Consultancy Services Paris Office

Tata Consultancy Services France SASTour Franklin - La Défense 8100-101 Quartier Boieldieu

Tata Consultancy Services Amsterdam Office

Strawinskylaan 3089

Location Office

200 Libert Street
New York


91.(22)5550.9999 mobile 0091.9821.304.062


Girijesh Agarwal
[email protected]
Back to all TCS Financial Solutions announcements

TCS strengthens global market position in FY14 - growth momentum continues

  • Annual Revenues at $13.4B up 16.2% & 17.3% in constant currency 

  • Annual Net Income at $3.1B; up 22.9% Y-o-Y 

nnual Highlights for 2013-14

  • $100m+ clients rise to 24 (17 in FY13)
  • Gross addition: 61,200 employees
  • Net addition: 24,268 employees
  • Total employee strength: 300,464

Highlights for 4th Quarter 2013-14

  • Revenues at $3.50 b up 1.9% Q-o-Q
  • Net Income at $861 m up 2.9% Q-o-Q
  • Gross addition: 18,564 professionals
  • Net addition: 9,751 employees
  • Attrition rate: 11.3 % LTM
  • Utilisation Rate (excl trainees): 83.8 %
  • Utilisation Rate (incl trainees): 77.9 %

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to IFRS for the quarter and financial year ended March 31, 2014.

Commenting on the 2013-14 performance, N. Chandrasekaran, CEO and MD said: “We have delivered strong growth and strengthened our competitive positioning in the market. We have maintained our momentum, improved our quality of growth, deepened our relationship with customers and expanded our presence in newer markets like Europe during the past 12 months. Our strategic investments including those in Digital Technologies are providing a compelling value proposition as well as helping us anticipate and shape new market trends successfully.”

Looking forward to financial year 2014-15, Mr Chandrasekaran added: “We are upbeat that the next 12 months will bring many more opportunities for growth across multiple industries and markets. As an organisation, we remain focused on disciplined execution of our strategy as well as on energising 300,000 TCSers to ensure they make a difference to their customers, their colleagues and the community.”

Rajesh Gopinathan, Chief Financial Officer, said: “Our focus has been to stay disciplined in operations while supporting business growth across multiple markets, industries and technologies. We enhanced our profitability to industry leading levels despite macro and currency volatility through the year. We are continuously investing to stay ahead of the curve.”

There was holistic growth across markets and industries during the financial year. Europe led growth in major markets, while UK and North America continue to grow in line with the company average. All major industry verticals grew in double digits led by Retail, Manufacturing, Life Sciences & Healthcare and BFSI during FY14. 

TCS’ full services capabilities continue to be leveraged by customers with new service lines growing at a fast pace led by Infrastructure Services, Assurance Services, Global Consulting and Enterprise Solutions.

Among the new initiatives taken in the last 12 months by TCS were:

  • Launch of a unique all-female Business Process Service centre in Kingdom of Saudi Arabia
  • Inauguration of new 10,000 seat campus in Gandhinagar, Gujarat
  • Launch of a new 10,000-seat Corporate Learning Centre in Trivandrum
  • Title sponsorship of the TCS New York City Marathon for 8 years starting November 2014

Key Digital Wins in Q4

  • Engaged by large Australian retailer for multi-channel enablement of merchandising systems using master data management
  • Selected by a major European Bank for a consulting engagement to define strategic roadmap leveraging Big Data for its credit risk transformation programme
  • Chosen by a leading merchandiser to rollout a field sales mobile application in Asia Pacific
  • Chosen by European supplier of photolithography systems to strategise and execute all its mobility projects
  • Engaged by North American insurance firm to enhance property casualty management using Big Data
  • Selected by a leading US telecom service provider to create a real time ecosystem for data-driven decision making
  • Implementing a customer decision platform to enhance guided behavior for a North America based leading Telecom provider
  • Engaged by a global aerospace product manufacturer to develop creative user experience designs
  • Engaged by a global Hi-Tech Company to transform their sales and operations Business Intelligence systems using Big Data technologies
  • Engaged by a British pharmaceutical and healthcare company to transform its supply chain analytics using Big Data
  • Define and execute strategy for Master Data Management programmes for North American aircraft engine manufacturer
  • Consult on transforming order-to-cash business processes using Big Data for European telecom manufacturer
  • Create integrated marketing and technology platform for large global media and information services firm
  • Redefining customer interfaces for leading North American Insurance provider for all online platforms
  • Develop field force solution for a direct broadcast satellite television provider in India
  • Engaged by leading UK Bank for developing a suite of consumer facing mobile applications
  • Engaged by European telecom manufacturer to perform consumer analytics using the Big Data platform
  • Develop patient survey mobile application for one of the largest US based pharmaceutical companies
  • Engaged by a Middle East petrochemical company for mobile application development and testing

Key Wins in Q4

  • Engaged by leading European Utility to operate and transform customer service processes with an aim to making them a leader in customer satisfaction within the industry.
  • Selected by a North American Fortune-500 multi-specialty pharmaceutical company for a multi-year, multi-million dollar deal in the area of core infrastructure operations
  • Awarded multi-year engagement by North American global leader in process manufacturing to transform and manage its global infrastructure
  • Selected by large European insurer to enhance customer experience by modernising its IT footprint
  • Selected by Middle East based global shipping company to establish a Shared Service Centre covering Shipping Documentation and Finance & Accounting processes
  • Awarded a contract by a leading retail bank in Middle East to transform & run mission critical systems & operations, leveraging TCS BaNCS and full spectrum of managed services
  • Selected by leading Publisher to consolidate and transform technology infrastructure to accelerate digital transformation
  • Selected by a leading European apparel and general merchandise retailer to manage their end-to-end application and infrastructure operations

Human Resources:

“We trained and integrated 61,200 professionals who joined TCS during 2013-14. With business demand continuing to be robust, we have made almost 25,000 fresh offers on engineering campuses for trainees who will join us from the second quarter of the new fiscal year.” said Ajoy Mukherjee, Executive Vice President, Head, Global Human Resources. “We continue to build a next-gen organisation that is social, engaged and collaborative and these efforts are having a positive impact with retention rates rising in the last financial year as employees see TCS as an organisation that offers them a progressive career path.

The total employee strength of the company stood at 300,464 professionals. In Q4, the gross employee additions were 18,564 and net employee additions were 9,751 professionals. Of these 7,572 Trainees and 7,401 Laterals recruited in India, while 3,591 employees were hired in international locations.

High utilisation rates have been maintained in the fourth quarter with utilisation excluding trainees at 83.8 per cent, while utilisation including trainees was at 77.9 per cent. The overall attrition rate was at 11.3 per cent with IT attrition at a low of 10.40 per cent and BPS attrition below 15 per cent threshold to 14.90 per cent on a LTM basis.

The average age of a TCS employee is 29 years while 32.7 per cent of the workforce comprised of women with 118 nationalities represented in the workforce.

Innovation and Intellectual Property:

As of March 31, 2014, the company has applied for 1746 patents including 211 applied during the quarter. To date, the company has been granted 114 patents.

Awards and Recognition

Business Leadership:

  • Recognised as world's Fastest Growing Global IT Services brand by Brand Finance, the world’s leading brand valuation firm
  • Recognised as one of the 'Achievers 50 Most Engaged Workplaces' in United States for second year in a row


  •   TCS won RASBIC awards for sixth year in a row  at the World HRD Congress:
    • Best Overall Recruiting & Staffing Organisation of the Year
    • Recruiting & Staffing Industry Leader of the Year
    • Best Use of Technology for Recruiting
    • Innovation in Recruitment
    • Best Social Networking Recruitment Effort
    • Best Employee Referral Programme


  • TCS BPS grabbed four awards at the ‘BPO Excellence Awards 2014:
    • BPO Organisation of the Year
    • Operational Excellence & Quality
    • Best Employer Brand of the Year
    • ‘Social Change’ Agent


  • Won Indian MAKE Award for 2013 for a second consecutive year
  • TCS UK wins Gold Award for ‘Innovation in Learning’
  • TCS China won two awards at the 2014- 22nd Global HR Excellence and Benny Awards   
    • Compensation Benefits Insurance Programme
    • Talent Management


  • 4 awards at World HRD Congress 2014
    • Talent Management
    • Innovation in Recruitment
    • Contribution to cause of education
    • Fun at Work Initiatives


  • Winner of  ServiceNow's most significant Education and Enablement Partner Award 2013
  • TCS China recognised in ‘Deloitte Technology Fast 500 Asia Pacific 2013’ ranking


  • Ranked as the No. 1 Employer in Europe by Top Employers Institute
    • Certified as leading employer in eight European countries - Belgium, Denmark, France, Germany, Netherlands, Sweden, Switzerland and the United Kingdom


  • Recognised for distinction in Assurance and Software Test Automation at Fifth Annual ATI Automation Honors


  • LegalEra Awards 2014
    • Best Global In-House Legal Team of the Year
    • Best General Counsel of the Year


  • FinanceAsia
    • Best Managed Company
    • Best Investor Relations
    • Most Committed to a Strong Dividend Policy


  • TCS wins Global CSR Excellence and Leadership Awards:

TCS’ Research Scholar Programme and Adult Literacy Programme were each awarded prizes in the category of Education & Training - Social Enterprise