Tata Consultancy Services
 | |
 A TCS campus at SIPCOT, Chennai | |
| Company type | Public |
|---|---|
| ISIN | INE467B01029 |
| Industry | Information technology Consulting Outsourcing |
| Founded | 1968 |
| Founder | J. R. D. Tata |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Natarajan Chandrasekaran (Chairman) K. Krithivasan (MD & CEO) |
| Revenue |  ₹259,286 crore (US$34 billion) (2025) |
| ₹65,331 crore (US$8.6 billion) (2025) | |
| ₹48,797 crore (US$6.4 billion) (2025) | |
| Total assets | ₹159,629 crore (US$21 billion) (2025) |
| Total equity | ₹95,771 crore (US$13 billion) (2025) |
Number of employees | 600,000  |
| Parent | Tata Group |
| Subsidiaries | |
| Website | www |
Tata Consultancy Services (TCS) is an Indian technology company that provides IT services and consulting. The company is based in Mumbai and is part of the Tata Group. As of 2024, Tata Sons owned 71.74% of TCS, and almost 80% of Tata Sons’ dividend income came from TCS.[1]
History
[change | change source]Tata Consultancy Services Limited, earlier called Tata Computer Systems, was founded in 1968 by Tata Sons and began by providing punched card services to Tata Steel, creating a reconciliation system for the Central Bank of India, and offering bureau services to the Unit Trust of India.[2][3]
On 8 October 2020, Tata Consultancy Services’ market capitalization crossed that of Accenture, reaching over $144 billion.[4]
Controversies
[change | change source]In 2006, a US law firm filed a class-action lawsuit claiming TCS wrongly took employees’ tax refunds and deducted their Indian salaries from their US pay, and in 2013 TCS settled the case for $30 million after a judge approved the agreement.[5]
In October 2014, Epic Systems filed a lawsuit in the US District Court in Madison. The company accused TCS and Tata America International Corp of stealing its trade secrets, confidential information, documents, and data. The lawsuit was updated twice, once in January 2015 and again in December 2015. In April 2016, a US jury ordered TCS and Tata America International Corp to pay US$940 million in the case. This amount was later reduced to US$420 million in 2017.[6] In 2020, an appeals court said that US$280 million of the punitive damages was too high, but it kept the remaining US$140 million in compensatory damages.[7] The case finally ended in November 2023, when TCS agreed to pay US$125 million.[8]
In 2019, an employee filed a complaint with the Kancheepuram labour court,[9] saying that TCS’s internal complaints committee did not handle a sexual harassment case properly.[10] Although the case was accepted, there has been very little progress, and the employee says the company has delayed the investigation.[11][12] The employee also says they were transferred without clear reasons and faced other forms of workplace punishment, including in performance reviews.[13]
References
[change | change source]- ↑ "Tata Sons repays Rs 20,000-crore debt to 'avoid' going public: Reduces stake in TCS and more". The Times of India. 2024-09-07. ISSN 0971-8257. Retrieved 2025-12-04.
- ↑ "Corporate Facts". TCS. Archived from the original on 5 September 2013.
- ↑ "Tata Consultancy Services Limited: The Pioneer in the Indian IT Industry". Case Study. ICMR. 1 January 1990. Archived from the original on 27 September 2013.
- ↑ "TCS surpasses Accenture in m-cap to become world's most-valuable IT company". The Economic Times. 2020-10-08. ISSN 0013-0389. Retrieved 2025-12-04.
- ↑ "TCS to pay $30 million to settle employee class action suit in US". The Economic Times. 2013-02-28. ISSN 0013-0389. Retrieved 2025-12-04.
- ↑ "US jury slaps $940 million fine on TCS, Tata America International Corp in trade secret case". The Economic Times. 2016-04-16. ISSN 0013-0389. Retrieved 2025-12-05.
- ↑ "US court trims fine on TCS to $420 mn in Epic Systems suit". The Times of India. 2017-10-01. ISSN 0971-8257. Retrieved 2025-12-05.
- ↑ "Epic to get $125M from 2014 lawsuit". www.modernhealthcare.com. Retrieved 2025-12-05.
- ↑ "Sexual Harassment Case: TCS Employee Alleges Denial of Justice by ICC | NewsClick". NewsClick. 2019-07-24. Retrieved 2025-12-05.
- ↑ TNM (2020-11-21). "Activists call on TN CM to fast track MeToo case against TCS techie". The News Minute. Retrieved 2025-12-05.
- ↑ "Nearing 4 Years and After 40 Hearings, No Relief for TCS Sexual Harassment Survivor". newsclick.
- ↑ Rao, Manasa (2020-01-14). "TCS techie alleges she's been transferred for making sexual harassment complaint". The News Minute. Retrieved 2025-12-05.
- ↑ "3 Years On, No Justice For TCS Employee Who Accused Boss Of Sex Assault". www.ndtv.com. Retrieved 2025-12-05.