TCS (Tata Consultancy Services) - Revision history

Jyoti: /* Among the world's biggest tech employers */

2023-03-20T10:47:50Z

‎Among the world's biggest tech employers

Pdewan: /* Human resources */

2023-03-17T21:25:43Z

‎Human resources

Pdewan: /* How TCS saves on staff costs */

2023-03-17T21:25:14Z

‎How TCS saves on staff costs

Pdewan: /* Revenue */

2023-03-17T21:24:34Z

‎Revenue

Pdewan: /* 2014:India’s most profitable company */

2023-03-17T21:23:24Z

‎2014:India’s most profitable company

Pdewan: /* Market capitalisation */

2023-03-17T21:23:00Z

‎Market capitalisation

Pdewan: /* Rs 5 lakh crore/ $84 billion market capitalization */

2023-03-17T21:22:16Z

‎Rs 5 lakh crore/ $84 billion market capitalization

Jyoti: /* Overseas operations */

2021-06-03T20:56:22Z

‎Overseas operations

Jyoti: /* USA */

2020-12-17T12:00:48Z

‎USA

Jyoti: /* Highest-paid executives */

2020-12-05T05:07:29Z

‎Highest-paid executives

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 TCS has said it will hire 55,000 people this year. If the net addition is half of that, it will be well ahead of HP's number by the end of this fiscal. Among Indian IT companies, Infosys is almost 50% of TCS with 1.6 lakh employees.
-[[Category:Economy-Industry-Resources|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
+'''See graphic''':
-TCS (TATA CONSULTANCY SERVICES)]]
-[[Category:India|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
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 =Human resources=
 ==2016: continuous appraisalsystem==
 [http://epaperbeta.timesofindia.com/Article.aspx?eid=31818&articlexml=TCS-Abandons-Bell-Curve-Appraisal-20042016001042 ''The Times of India''], April 20, 2016
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 TCS said it has abandoned bell curve-based performance appraisal and is moving to a system of continuous feedback, becoming the latest player to move away from the forced-ranking system.
 =Intellectual Property Rights=

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 TCS (TATA CONSULTANCY SERVICES)]]
-How has Tata Consultancy Services managed to keep its employee costs much lower than its peers?Tthe secret could be its higher intake of freshers and a lean middle management.
+[[Category:Economy-Industry-Resources|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
-−
-This focus on new hires has allowed India's largest IT services player to earn the fattest margins in the software industry and also have considerable flexibility on deploying its resources.
-−
-Analyst firm HfS estimated that the Mumbai-based company effectively achieved a 6.3% reduction in average employee costs every year over 2007-2013. During this period, the percentage of new graduates hired of the total rose from 50% to 80%. TCSBSE 1.00 % has over 3,00,000 employees globally.
-−
-Hiring more freshers gives TCS the flexibility to use them in lower value and transactional activities, freeing up the more experienced employees for higher value work, HfS said. Also, freshers are ..
-The company had a utilisation rate of 77.9%, including trainees, for the fourth quarter of 2014, when it posted an operating margin of 29.1%.
-−
-Also helping TCS, and the rest of the industry, is the fact that salaries for college graduates have not increased in the last four years at about Rs 3.15-3.50 lakh annually.
-−
-Salary hikes have also fallen to single digits from double digits before the 2008 g .. global economic meltdown.
-−
-−
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 [[Category:Economy-Industry-Resources|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
 TCS (TATA CONSULTANCY SERVICES)]]
-[[Category:India|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
+[[Category:India|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
 TCS (TATA CONSULTANCY SERVICES)]]

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 Lakkad said TCS has given 100% of quarterly variable payout to 85% of its employees. But for the remaining 15% (senior level executives), it will vary depending on the business unit performance. The payout will be reflected in the July payroll.
-=Revenue=
+=Profits=
 ==2018-19==
 [https://www.gadgetsnow.com/TCS-report-card-What-looks-up-and-what-not/photolist/71547270.cms  Oct 12, 2019: ''Gadgets Now Bureau'']
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 TCS (TATA CONSULTANCY SERVICES)]]
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 Salary hikes have also fallen to single digits from double digits before the 2008 g .. global economic meltdown.
-Jan 20 2015
+[[Category:Economy-Industry-Resources|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
 = Highest-paid executives=
 ==2017==

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 = Market capitalisation=
 ==2018, April: Nears $100Bn==
 [[File: TCS, 1969, and 2004-2018- growth.jpg| TCS, 1969, and 2004-2018: growth <br/> From: [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F04%2F21&entity=Ar02311&sk=E6CF8694&mode=text  April 21, 2018: ''The Times of India'']|frame|500px]]
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 "With robust deal wins and green-shoots in banking, financial services and insurance (BFSI) sector, there is definite possibility of double-digit revenue growth. With growth acceleration, scale up in digital and support from currency, margins are ready for uptick as well, implying return of double-digit revenue/earnings growth after 3 years," Edelweiss Research said in a note.
 =Natarajan Chandrasekaran:a profile=

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 TCS has said it will hire 55,000 people this year. If the net addition is half of that, it will be well ahead of HP's number by the end of this fiscal. Among Indian IT companies, Infosys is almost 50% of TCS with 1.6 lakh employees.
-[http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=TCS-first-Indian-co-to-top-Rs-5-24072014001085 The Times of India ] Jul 24 2014]
+[[Category:Economy-Industry-Resources|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
+TCS (TATA CONSULTANCY SERVICES)]]
-''' World's Second Most Valuable IT Services Firm '''
+[[Category:India|TTCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)TCS (TATA CONSULTANCY SERVICES)
+TCS (TATA CONSULTANCY SERVICES)]]
-Outsourcing giant Tata Consultancy Services (TCS) became the first Indian company to cross the Rs 5 lakh crore mark in market capitalization in July 2014 .
-In the process, TCS also became the second most valuable IT services company in the world, ahead of Accenture but behind IBM. TCS's market valuation rose to about Rs 5.1 lakh crore (about $84 billion), the highest since its listing l0 years ago, well ahead of Accentu re's $51 billion, but way behind IBM's $193.7 billion.
-−
-TCS's market cap is bigger than the combined market cap of the other four do mestic IT players in the pecking order, Infosys ($31.7 billion), Wipro ($23.3 billion), HCL Technologies ($17.9 billion) and Tech Mahindra ($8.5 billion). The software services firm's market cap is also bigger than the combined market cap of the other 31 listed Tata group companies ($57.2 billion).
-−
-Shares of TCS have risen nearly 9% since it announced robust first quarter earnings last week -$845 million net profit on $3.69 billion revenue. Several “buy“ ratings on TCS have been issued by analysts, who expect an eventful FY15 for TCS as its global customers up spending on IT services. The $13-billion TCS, established in 1948, which counts Cisco and HewlettPackard among its clients, won seven large deals in Q1 FY15.
-==Why TCS is ahead==
-Sanchit Vir Gogia, chief analyst at Greyhound Research, says TCS is ahead of many of its Indian peers in identifying new areas of growth, making investments and all the right noises. "It is betting big on the Digital Five Forces—mobility, big data, cloud, social media and robotics," he said.
-−
-Analysts also find it remarkable that it has grown its people strength so quickly, and yet created an organizational structure nimble enough to handle these numbers. Equally, it has kept its people costs under such control that it is seen as a major factor in its extremely high operating margins (over 28%), perhaps the highest among large companies in the global IT services industry.
-−
-Pradeep Mukherji, president and managing partner in global management consulting firm Avasant, said TCS is managing the huge workforce by breaking it into smaller business units that each function virtually as a smaller company. "The depth and breadth of middle management and work delegation, managing a good onshore and offshore mix are some of the key drivers in managing the employee pyramid effectively," he said.
-−
-TCS' employee cost has risen from Rs 90 billion in 2007 to Rs 319.2 billion in 2013, but the cost per employee has barely risen in these past seven years. The cost per headcount has grown from Rs 11.5 lakh in 2007, to Rs 12.4 lakh) in 2013, an annual increase of a mere 1.2%, said a report by US-based IT advisory firm HfS Research. "A conservative estimate of 8% annual wage hike in India, 2% hike in developed countries and 4% hike in developing countries will lead to about 7.5% weighted average annual wage hike for TCS' mix of employees," said HfS analyst Pareekh Jain. In other words, TCS has been able to offset its salary hikes through other measures.
-−
-One of the biggest of these looks to be a sharp increase in its fresher intake relative to the intake of experienced employees. The percentage of freshers hired (of total hiring) increased to 81% in 2013 from 51% in 2007, finds HfS.
-−
-"They have stretched the employee pyramid with an army of junior employees. TCS is aggressively hiring in tier-2 and -3 cities that offsets cost to a large extents TCS has also focused on automation and reusable software tools and frameworks to improve employee productivity," said Sudin Apte, CEO of IT advisory firm Offshore Insights.
-−
-Jain believes that hiring more freshers has given TCS the flexibility to deploy them in lower value and transactional activities, thus freeing up experienced resources for higher value work. "Secondly, training freshers for new skills is easier than retraining old resources for new skills," he said.
-−
-Ashish Chopra, IT analyst with brokerage firm Motilal Oswal, noted that TCS had also significantly reduced the proportion of employees at client sites overseas, thus reducing the salary burden.
 =How TCS saves on staff costs=

← Older revision		Revision as of 12:00, 17 December 2020
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	“We have always maintained the claims made in this case were baseless and we are gratified that the jury agreed,” a TCS spokesperson said in an email to ToI.		“We have always maintained the claims made in this case were baseless and we are gratified that the jury agreed,” a TCS spokesperson said in an email to ToI.
		+
		+	=== 2019: TCS one of USA’s biggest job creators===
		+	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2019%2F07%2F11&entity=Ar01914&sk=89774A2E&mode=text Shilpa Phadnis, July 11, 2019: ''The Times of India'']
		+
		+
		+	TCS is one of the top job creators in the US, the company’s global HR head Milind Lakkad has said. He did not disclose any numbers, but sources told TOI the company has about 40,000 people in the US — almost 10% of its total workforce, and the highest among its Indian IT peers.
		+
		+	Currently, the company has 872 open positions in the US, including 644 in technology. Asked whether TCS would make higher net additions on-site in the coming quarters, Lakkad said the numbers are not going to change significantly. “We already have a significant number,” he said. When TCS’s employee strength was 3.18 lakh, Amsterdam-based The Top Employer Institute had said TCS has over 30,000 people in the US working across 450 locations.
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		+	With its business improving, TCS’s overall hiring has picked up sharply in recent quarters. It made a net addition of 12,356 employees in April-June, its highest in five years, taking the total headcount to 4.36 lakh people.
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		+	US hiring has increased for most IT players as part of the effort to overcome visa hurdles and also because of the need to be closer to clients. Infosys has about 27,000 employees in the US. The number of US locals in Wipro’s US employee base stood at 63.7% as of March this year, compared to 46.2% two years prior to that.
		+
		+	Lakkad said TCS has given 100% of quarterly variable payout to 85% of its employees. But for the remaining 15% (senior level executives), it will vary depending on the business unit performance. The payout will be reflected in the July payroll.
		+
		+	[[Category:Economy-Industry-Resources\|TTCS (TATA CONSULTANCY SERVICES)
		+	TCS (TATA CONSULTANCY SERVICES)]]
		+	[[Category:India\|TTCS (TATA CONSULTANCY SERVICES)
		+	TCS (TATA CONSULTANCY SERVICES)]]

	= Recruitment=		= Recruitment=

← Older revision		Revision as of 05:07, 5 December 2020
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	Suprakash Mukhopadhyay, the global treasury head and company secretary of TCS received Rs 2.32 crore as remuneration during the fiscal year 2016-17 as per the TCS' annual report. His basic salary during the year was Rs 35 lakh.		Suprakash Mukhopadhyay, the global treasury head and company secretary of TCS received Rs 2.32 crore as remuneration during the fiscal year 2016-17 as per the TCS' annual report. His basic salary during the year was Rs 35 lakh.
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		+	==2019/ The 8 highest-paid==
		+	[https://www.gadgetsnow.com/slideshows/8-highest-paid-employees-at-tcs/photolist/69781183.cms?utm_source=toiweb&utm_medium=referral&utm_campaign=toiweb_hptopnews Gadgets Now Bureau, June 14, 2019: ''The Times of India'']
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		+	Tata Consultancy Services (TCS) is the crown jewel of the Indian IT industry and one of the biggest companies in India. A recent report by The Economic Times revealed that TCS now has 103 crorepati employees in 2019. The report further stated that more than a quarter of these crorepati employees started their career with TCS. Here we list out 8 highest-paid executives at TCS:
		+
		+	The CEO of India’s biggest tech company earned a salary of Rs 16.2 crore in the financial year 2018-19, as per the annual report of the company.
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		+
		+	N G Subramaniam is the COO of TCS and he drew a salary of Rs 11.61 crore in 2018-19.
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		+
		+	Serving as the head of business and tech services, Krishnan Ramanujam has an annual salary of Rs 4.1 crore
		+
		+
		+	The CTO of TCS, Krishnan earned a salary of Rs 3.5 crore
		+
		+
		+	K Krithivasan is the head of the banking, financial services and insurance business and made Rs 4.3 crore in 2018-19.
		+
		+
		+	As the head of the company’s healthcare and life sciences business, Ghosh earned a salary of Rs 4.7 crore
		+
		+
		+	Pal was the head of retail and consumer products but moved on to join Tata Sons earlier this year. He earned Rs 4.3 crore in 2018-19.
		+
		+
		+	One of the oldest employees at TCS, 72-year-old Sanyal earned a salary over a crore in 2018-19.
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		+	[[Category:Economy-Industry-Resources\|T
		+	TCS (TATA CONSULTANCY SERVICES)]]
		+	[[Category:India\|T
		+	TCS (TATA CONSULTANCY SERVICES)]]

	=Human resources=		=Human resources=