Tata Consultancy Services ranked 6th in FinTech 100 as leading Indian IT Providers

20 November 2008

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NI), a leading global IT services and consulting firm, announced today that American Banker and leading research firm Financial Insights, an IDC company, was ranked 6th in the FinTech 100, an international annual listing of the top technology providers for financial institutions. According to this year’s list, TCS is the highest ranked Indian IT firm on this annual list.

TCS has also found a place among the top ten of the three sub-categories listed in the FINTECH 100 report namely Banking, Capital Markets and Insurance. The FinTech 100 is an annual, internationally recognized ranking that is categorized and evaluated based on fiscal year-end revenues and the percentage of revenue attributed to financial services. More than 40 per cent of TCS’ revenues were attributed to financial services in financial year 2007-08.

“Our steady growth and firm commitment to the global financial services industry is being recognized by the leap in our rankings” said N. Ganapathy Subramaniam, President, TCS Financial Solutions “We will continue to solve deep customer problems and enable them to accomplish their key goals in these turbulent times”.

“TCS is the only company that is consistently moved up the rankings in the last three years by demonstrating growth around the world” said Jeanne Capachin, Research Vice President, Global Banking and Insurance, Financial Insights. As financial institutions are grappling with upheavals, they are pressed for solutions that can pervade across the enterprise and TCS is best positioned to address such opportunities.”

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