public traded as bse 532540 nse tcs bse sensex constituent cnx nifty constituent industry it services it consulting founded 1968 founder j.r.d. tata f. c. kohli headquarters mumbai maharashtra india area served worldwide key people natarajan chandrasekaran 1 ceo & md services it business consulting and outsourcing services revenue us 16.54 billion 2016 2 operating income us 4.38 billion 2016 2 profit us 3.70 billion 2016 2 total assets us 13.76 billion 2016 2 total equity us 11.10 billion 2016 2 number of employees 362 079 aug 2016 3 parent tata group subsidiaries tcs china trddc computational research laboratories website www.tcs.com tata consultancy services limited tcs is an indian multinational information technology it service consulting and business solutions company headquartered in mumbai maharashtra . 4 5 it is a subsidiary of the tata group and operates in 46 countries . 6 tcs is one of the largest indian companies by market capitalization 80 billion . 7 8 tcs is now placed among the big 4 most valuable it services brands worldwide . 9 in 2015 tcs is ranked 64th overall in the forbes world s most innovative companies ranking making it both the highest ranked it services company and the first indian company . 10 it is the world s 10th largest it services provider measured by the revenues . 11 as of december 2015 it is ranked 10th on the fortune india 500 list . 12 contents 1 history 1.1 1968 to 2000 1.2 2000 to present 1.3 acquisitions 2 products and services 2.1 service lines 3 operations 3.1 tcs bps 3.2 tata research development and design centre 3.3 innovation labs 4 employees 5 sponsorships 6 controversies 6.1 class action lawsuit 6.2 accusations of discrimination 7 see also 8 references 9 external links history edit 1968 to 2000 edit tata consultancy service limited was founded in 1968 by a division of tata sons limited . 13 its early contracts included punched card services to sister company tisco now tata steel working on an inter branch reconciliation system for the central bank of india 14 and providing bureau services to unit trust of india . in 1975 tcs delivered an electronic depository and trading system called secom for the swiss company sis segaintersettle deutsch ; it also developed system x for the canadian depository system and automated the johannesburg stock exchange . 15 it associated with a swiss partner tks teknosoft which it later acquired . 16 in 1980 tcs established india s first dedicated software research and development centre the tata research development and design centre trddc in pune . 17 in 1981 it established india s first client dedicated offshore development centre set up for clients tandem . tcs later 1993 partnered with canada based software factory integrity software corp which tcs later acquired . in anticipation of the y2k bug and the launch of a unified european currency euro . tata consultancy services created the factory model for y2k conversion and developed software tools which automated the conversion process and enabled third party developer and client implementation . 18 2000 to present edit on 25 august 2004 tcs became a publicly listed company . 19 in 2005 tcs became the first india based it services company to enter the bioinformatics market . 20 in 2006 it designed an erp system for the indian railway catering and tourism corporation . 21 by 2008 its e business activities were generating over us 500 million in annual revenues . 22 23 tcs entered the small and medium enterprises market for the first time in 2011 with cloud based offerings . 24 on the last trading day of 2011 it overtook ril to achieve the highest market capitalisation of any india based company . 25 in the 2011 12 fiscal year tcs achieved annual revenues of over us 10 billion for the first time . 26 in may 2013 tcs was awarded a six year contract worth over 1100 crores to provide services to the indian department of posts . 27 in 2013 the firm moved from the 13th position to 10th position in the league of top 10 global it services companies 28 and in july 2014 it became the first indian company with over rs 5 lakh crore market capitalization . 29 30 in jan 2015 tcs ends ril s 23 year run as most profitable firm 31 acquisitions edit name acquisition date activities country of hq price employees at acquisition notes reference cmc limited 2001 october it services ind 33.9 m 3 100 gets embedded expertise & good domestic customer reach . cmc amalgamated with tcs on april 28 2015 . 1 32 33 34 airline financial support services india afsi 2004 january bpo ind 5.1 m 400 bpo expertise in airline and hospitality sector 35 36 aviation software development consultancy india asdc 2004 march it services ind 3.1 m 180 phoenix global solutions 2004 may business process outsourcing ind 13 m 400 acquire expertise in insurance domain consulting 37 38 swedish indian it resources ab sitar 2005 may it services swe 4.8 m n a acquire blue chip european customers like ericsson ikea vattenfall and hutchison ; sitar was tcs exclusive partner in sweden and a non exclusive partner in norway . 39 40 pearl group 2005 october insurance uk 94.7 m 950 acquired life and pension outsourcing business from pearl group ; domain knowledge of life and pension underwriting business . 41 42 financial network services fns 2005 october core banking product au 26 m 190 tcs acquired core banking solution product bancs and access to 116 customers in 35 countries ; fns was an existing partner for tcs . 43 44 comicrom 2005 november banking bpo chl 23 m 1 257 entry into latin america ; access to payment processing platform . 45 46 tata infotech 2006 february it services ind 259.2 m 3 600 the merger of tata infotech added 15 new fortune 500 clients and enhanced tcs systems integration and infrastructure service capabilities . 47 48 49 tcs management 2006 november it services au 13 m 35 access to australian clients 50 51 tks teknosoft 2006 november banking product ch 80.4 m 115 expand product portfolio by acquiring rights to quartz and ownership of alpha and e portfolio enhanced presence in switzerland and france 52 citigroup global services limited 2008 december captive bpo of citigroup inc. ind 512 m 12 472 tcs acquired key banking and financial services bfs domain knowledge . 53 54 supervalu services india 2010 september captive it bpo unit of supervalu inc. in india ind 100 m 600 tcs had a deal with supervalu to have their software outsourcing to tcs and acquired supervalu india . 55 computational research laboratories 2012 august high performance computing ind 34 m 80 acquire expertise in high performance computing hpc applications and cloud services 56 57 alti sa 2013 april it services fra 97.5 mn 1200 access to blue chip french and european clients in banking luxury manufacturing and utilities sectors 58 products and services edit tcs and its 67 subsidiaries 59 provide a wide range of information technology related products and services including application development business process outsourcing capacity planning consulting enterprise software hardware sizing payment processing software management and technology education services . 60 rgwfirm s established software products are tcs bancs and tcs mastercraft . 61 service lines edit tcs services are currently organised into the following service lines percentage of total tcs revenues in the 2012 13 fiscal year generated by each respective service line is shown in parentheses application development and maintenance 43.80 % value ; asset leverage solutions 2.70 % ; assurance services 7.70 % ; business process outsourcing 12.50 % ; consulting 2.00 % ; engineering and industrial services 4.60 % ; enterprise solutions 15.20 % ; and it infrastructure services 11.50 % . 60 operations edit tcs has 289 offices across 46 countries and 147 delivery centers in 21 countries . 6 at the same date tcs had a total of 58 subsidiary companies . 60 tata consultancy services hyderabad the tata consultancy services campus in lucknow tata consultancy services on grosvenor square london tcs bps edit tcs bps business process services is the third largest india based it outsourcing company after capgemini . 62 the bps division had revenues of us 1.44 billion in the fy 2012 13 which was 12.5 % of the total revenue of tcs . 63 tcs bps has more than 45 000 employees which serve over 225 million customers across 11 countries . 64 the rate of attrition in bps division during the financial year 2012 13 was 19.5 % . 65 in 2006 tcs won a 35 million contract from eli lilly and company for providing data management biostatistics and medical writing services . 66 67 in 2007 it won a major multi year deal from swiss pharmaceutical major hoffmann la roche to provide data management biostatistics clinical programming and drug safety support to hoffmann la roche s global pharmaceutical development efforts . 68 69 70 the firm has also opened a business process outsourcing facility in the philippines . 71 tata research development and design centre edit main article tata research development and design centre tcs established the first software research center in india the tata research development and design centre in pune india in 1981 . trddc undertakes research in software engineering process engineering and systems research . researchers at trddc also developed mastercraft now a suite of digitization and optimization tools 72 a model driven development software that can automatically create code based on a model of a software and rewrite the code based on the user s needs . 73 research at trddc has also resulted in the development of sujal a low cost water purifier that can be manufactured using locally available resources . tcs deployed thousands of these filters in the indian ocean tsunami disaster of 2004 as part of its relief activities . 74 this product has been marketed in india as tata swach a low cost water purifier . 75 innovation labs edit in 2007 tcs launched its co innovation network a network of innovation labs start up alliances university research departments and venture capitalists . 76 77 in addition tcs has 19 innovation labs based in three countries . 78 tcs partners include collabnet cassatt academic institutions such as iits stanford mit carnegie mellon and venture capitalists like sequoia and kleiner perkins . 79 employees edit tcs is one of the largest private sector employers in india 80 and the second largest employer among listed indian companies after coal india limited . 81 tcs had a total of over 335 620 employees as of october 2015 of which 31 % were women . 60 the number of non indian nationals was 21 282 as at march 31 2013 7.7 % . 60 82 the employee costs for the fy 2012 13 were us 4.38 billion which was approx . 38 % of the total revenue of the company for that period . 2 in the fiscal year 2012 13 tcs recruited a total of 69 728 new staff of whom 59 276 were based in india and 10 452 were based in the rest of the world . 60 in the same period the rate of attrition was 10.6 % . 60 the average age of a tcs employee is 28 years . 60 the employee utilisation rate excluding trainees for the fy 2012 13 was 82 % . 60 tcs was the fifth largest united states visa recipient in 2008 after infosys cts wipro and mahindra satyam . 83 84 in 2012 the tata group companies including tcs were the second largest recipient of h 1b visas . 85 86 as of june 2014 tcs has over 300 000 employees . it is world s third largest it employer behind ibm and hp . subramaniam ramadorai former ceo of tcs has written an autobiographical book about his experiences