Post on 16-Apr-2018
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Business Information Report
Tata Consultancy Services Ltd.
General Information
Company Background
Business Group Tata
Sector IT – Software
Incorporation Year 1995
Incorporation Date 19-Jan-95
Chairman Cyrus Mistry
Managing Director N Chandrasekaran
Company Secretary Suprakash Mukhopadhyay
Auditor Deloitte Haskins & Sells LLP
Registered Office
Nirmal Building,
9th Floor Nariman Point,
Mumbai, 400021, Maharashtra
Telephone 91-22-67789595
Fax 91-22-67789660
E-mail tcs@tata.com
investor.relations@tcs.com
Website http://www.tcs.com
Face Value (Rs) 1
BSE Code 532540
BSE Group A
NSE Code TCS
Bloomberg TCS IN
Reuters TCS.BO
ISIN Demat INE467B01029
Market Lot 1
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Listing MCX-SX, Mumbai, NSE
Financial Year End March
Book Closure Month Jun
AGM Date 30-Jun-15
NIC Activity Software consultancy and supply
NIC_CODE 72200
Total Employees 319,656
Share Capital
(10 million Indian Rupee) 195.87
Market Capitalization
(10 million Indian Rupee)
(As on 30-07-2015)
485,943.68
Company History
Tata Consultancy Services Ltd is an information technology (IT) company. The company offers a
range of IT services, outsourcing and business solutions. They also offer IT infrastructure services,
business process outsourcing services, engineering and industrial services, global consulting and asset
leveraged solutions. Their segments include banking, financial services and insurance; manufacturing;
retail and distribution, and telecom.
The company is a part of Tata Group, one of India's most respected business conglomerates and most
respected brands. They are headquartered in Mumbai. They are having 142 offices in 42 countries as
well as 105 delivery centers in 20 countries. The company shares are listed on the National Stock
Exchange and Bombay Stock Exchange of India.
Tata Consultancy Services Ltd was incorporated in the year 1968. Tata Sons Ltd established the
company as division to service their electronic data processing (EDP) requirements and provide
management consulting services. In the year 1971, they started their first international assignment.
The company pioneered the global delivery model for IT services with their first offshore client in
1974.
In the year 1981, the company set up India's first IT R&D division, the Tata Research Design and
Development Centre at Pune. In the year 1985, they set up their first client-dedicated offshore
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development center for Compaq (then Tandem). In the year 1989, they delivered an electronic
depository and trading system called SECOM for SIS SegaInterSettle, Switzerland.
In the year 1997, the company opened their new corporate training facility at Trivandrum. In the year
1998, they started virtualization of business. In the year 1999, they got SEI-CMM Level 5
certification for their Qwest, HP, SEEPZ & Sholinganallur centres. Also, in the year 20000, they got
SEI-CMM Level 5 certification for their Calcutta, Bangalore, Lucknow, Hyderabad, GEDC,
Ambattur and Ahmedabad centres.
In the year 2001, the company completed the acquisition of public sector unit, CMC Ltd. In the year
2002, they expanded their geography into new growth markets like China/ Uruguay. The company
saw outsourcing opportunity in E-Commerce and related solutions and set up its E-Business division
with ten people. By 2004, E-Business was contributing half a billion USD to the company.
During the year 2004-05, the company acquired WTI Advanced Technology Ltd and TCS Business
Transformation Solutions Ltd (Previously, Phoenix Global Solutions (India) Ltd), subsequently these
two companies became the subsidiaries of the company. In August 9, 2004, the company became a
publicly listed company.
During the year 2005-06, the company acquired three companies Comicrom S A, Chile, Financial
Network Services (Holdings) Pty Ltd, Australia (FNS) and Swedish Indian IT Resources AB
(SITAR). The company made strategic alliances with Diligenta Ltd for Life Insurance business.
Also, they entered into a Joint Venture Agreement with the State Bank of India. The new company
was formulated and named C-Edge Technologies Ltd (C-Edge) for providing advanced technology
solutions and world-class domain consulting for the banking and financial services sector.
During the year, the company ventured into a new area for an Indian IT Services Company. In April
2005, Tata Infotech Ltd with their three wholly owned subsidiaries, namely Airline Financial
Support Services (India) Ltd, Aviation Software Development Consultancy India Ltd and TCS
Business Transformation Solutions Ltd were amalgamated with the company.
During the year 2006-07, the company in partnership with the Government of Madhya Pradesh
formed a company, namely MP Online Ltd, for offering a wide range of computer enabled services
in the State of Madhya Pradesh. The company through their wholly owned subsidiaries Tata
Consultancy Services Asia Pacific Pte Ltd and Tata Consultancy Services Malaysia Sdn Bhd,
subscribed to 100% share capital of PT Tata Consultancy Services, Indonesia, a company formed for
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providing consulting and IT related services in Indonesia
Tata Consultancy Services Netherlands B V, a wholly owned subsidiary acquired 75% equity interest
in Switzerland based TKS - Teknosoft S A, for a consideration of Rs 368.06 crore. TCS FNS Pty
Ltd, another subsidiary acquired 100% equity interest in an Australian based company, TCS
Management Pty Ltd, for a total consideration of Rs 15.75 crore. Also, TCS FNS Pty Ltd subscribed
to 100% share capital of Financial Network Services Beijing Co Ltd to provide consulting and IT
related services in China. The company, through their wholly owned subsidiaries Tata Consultancy
Services BPO Chile S A and TCS Inversiones Chile Limitada, subscribed to 100 % share capital
Tata solution Center S A, to provide BPO services in Ecuador.
During the year 2007-08, the company opened a centre in Cincinnati, USA, and a large centre in
India at Hyderabad and laid the foundation for a large centre in Pune. They launched a major brand
building initiative in order to articulate and propagate its new brand positioning. Also, they signed a
new multi-year contract with Chrysler LLC for providing a comprehensive portfolio of IT services.
TKS Services S.A., Quartz Software Technology S.A. and Tata Consultancy Services Financial
Solutions Limited merged with Tata Consultancy Services Switzerland Limited with effect from
April 1, 2007.
In May 25, 2007, the company through their wholly owned subsidiary, Tata Consultancy Services
Do Brasil Desenvolvimento De Servicos Ltda, acquired 100% equity interest in a Brazil based
Company, GT Participacoes S.A. Also, Tata Consultancy Services Do Brazil Desenvolvimento De
Servicos Ltda and GT Participacoes S.A. have merged with Tata Consultancy Services Do Brazil
Ltda with effect from July 1, 2007. In June 21, 2007, the company subscribed to 100% share capital
of Tata Consultancy Services Morocco SARL AU, a company formed for providing a range of
computer enabled services in Morocco. In July 13, 2007, the company through their wholly owned
subsidiary, Tata America International Corporation, acquired 100% voting power in TCS Financial
Management LLC.
In October 23, 2007, the company subscribed to 60% of the share capital of Tata Consultancy
Services (Africa) (Pty) Limited, a Company formed for providing IT services and investing in
companies in South Africa. In January 24, 2008, the company sold their shareholding interest in their
associate Conscripti (Pty) Ltd, for Rs 3.83 crore. In March 2008, the company opened their North
America Delivery Center called TCS Seven Hills Park.
During the year 2008-09, the company acquired Citigroup Inc.'s (Citi) 96.26% interest in TCS
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e-Serve Ltd (formerly known as Citigroup Global Services Limited), the India-based captive BPO,
for a total consideration of USD 504.54 million. In addition, Citi signed an agreement with the
company to provide process outsourcing services to Citi and their affiliates for an aggregate amount
of USD 2.5 billion over a period of 9.5 years.
During the year, the company through their subsidiary, Tata Consultancy Services Asia Pacific Pte
Ltd, subscribed to 100% share capital of Tata Consultancy Services (Thailand) Ltd and Tata
Consultancy Services (Philippines) Inc. In June 2008, the company got $11.5 million
transformational deal to design, install and integrate a tax administration system for the Uganda
Revenue Authority (URA). In July 29, 2008, the company won the highest incremental improvement
award and moved to the Industry Leader position in the Tata Business Excellence Model ('TBEM') at
the JRD QV Awards ceremony.
In October 22, 2008, the Tata Infotech Deutschland GmbH has merged with Tata Consultancy
Services Deutschland GmbH. The merged entity is a wholly owned subsidiary of the company. In
December 11, 2008, the company subscribed to 50% share capital of National Power Exchange Ltd,
established to promote trading of electrical power in India.
In June 5, 2009, the company, through their wholly owned subsidiary, Tata Consultancy Services
Canada Inc, acquired 100% interest in ERI Holdings Corp. In January 1, 2010, the company, through
their wholly owned subsidiary, TCS Iberoamerica S.A., subscribed to 100% interest of TCS Uruguay
S.A. In January 1, 2010, they purchased 100% interest of MGDC S.C., Mexico, through their wholly
owned subsidiaries, TCS Uruguay S.A. and TCS Argentina S.A.
In June 2010, the company signed a multi-year outsourcing contract with Telenor Norway. In June
30, 2010, Syscrom S.A., Chile merged with Tata Consultancy Services BPO Chile SA, a wholly
owned subsidiary of TCS Inversiones Chile Limitada. Also, Custodia De documentos Interes
Limitada, Chile merged with Tata Consultancy Services BPO Chile SA, a wholly owned subsidiary
of TCS Inversiones Chil Limitada.
During the year 2010-11 , the company set up five subsidiaries namely, MahaOnline Limited,
Diligenta 2 Limited, MS CJV Investments Corporation, Retail FullServe Limited and CMC eBiz Inc.
Also, Financial Network Services (H.K.) Limited was liquidated and de-registered during the year.
The Company entered into an agreement with the Government of Maharashtra pursuant to which a
new subsidiary company, MahaOnline Ltd (MahaOnline) was setup on July 28, 2010 with equity
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participation from TCS and Government of Maharashtra. MahaOnline provides online internet-based
citizen services to the residents in Maharashtra. This citizen service portal is integrated with
DigiGov, a state-of-the-art e-Governance solution developed by TCS.
In August 31, 2010, Diligenta Limited, a majority owned subsidiary, acquired the entire share capital
of Unisys Insurance Services Limited (UISL), which provides life and pensions services to its clients
in the UK. On this acquisition UISL was renamed as Diligenta 2 Limited.
In October 4, 2010, Tata America International Corporation - a wholly owned subsidiary, acquired
100% share capital of MS CJV Investments Corporation. Consequently, the group holding in Tata
Consultancy Services (China) Co., Ltd. has increased from 65.94% to 74.63%.
In October 8, 2010, the Company acquired 100% equity share capital of SUPERVALU Services
India Pvt Ltd from SUPERVALU Inc., one of the largest grocery retailers in North America.
In December 2010, the company launched their new business process outsourcing (BPO) center in
the Philippines. The company won a contract for establishing and managing the State Data Centre for
the state of Uttar Pradesh. In February 2011, they signed five year contract with du, the integrated
telecom service provider in the United Arab Emirates. Also, they launched iON - a fully integrated
information technology solution for Small and Medium Business (SMB). iON provides on-demand
business solutions using scalable cloud computing technology. It has been developed to deliver IT in
the third generation service model to SMBs.
In August 2011, the company and the Singapore Management University (SMU) announced the
establishment of the TCS-SMU iCity Lab to be located at SMU. The collaboration agreement signed
states the two organizations are partnering to create a new research facility to develop industry
standards and IT frameworks for the emerging intelligent city (iCity) model of urban development.
In December 2011, Call Genie Inc. announced that it has entered into a five year reseller agreement
with Tata Consultancy Services (TCS) the IT services, consulting and business solutions firm,
whereby TCS will resell the full suite of Call Genie and UpSnap Mobile products worldwide.
In February 2012, the company signed a multi-year, multi-million euro contract with Europcar. After
a rigorous evaluation process, Europcar Information Services (EIS), the company's IT subsidiary,
selected TCS to manage strategic IT Services development for its French operations. Also, the
company and Mitsubishi Corporation announced a new joint venture, Nippon TCS Solution Center
Ltd, for the Japanese market. Nippon TCS Solution Center will offer a full service suite of IT, BPO
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and Infrastructure services to Japanese corporations. TCS Japan will have 60% stake with Mitsubishi
Corporation having a 40% stake. The joint venture will also establish a nearshore delivery center in
Japan.
Company Locations
Corporate Office TCS House, Raveline Street, Fort Mumbai
Maharashtra,400001
Tel: 91-22-67789999
Fax: 91-22-67789000
Branch Offices Ahmedabad
1
801/1001, Sakar II, Off Ashram Road
Ellis Bridge, Ahmedabad 380 006
Phone: +91 79 66071100
Fax: +91 79 66071111
Office Type: Delivery Center, Regional Office
BANGALORE
2 TATA Consultancy Services
Abhilash Building, Plot No. 96
EP-IP Industrial Area, Whitefield Road, Bangalore 560 066
Phone: +91 80 6725 8400
Fax: +91 80 2841 3420
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Bangalore
Focus: Multi modal sensing, wireless communication, security, and
intelligence
3 Tata Consultancy Services Explorer
International Tech Park, 11th Floor, Whitefield Road,
Bangalore 560 066
Phone: +91 80 6724 7777
Fax: +91 80 2841 0526
Office Type: Delivery Center, Regional Office
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4 Tata Consultancy Services Innovator,
International Tech Park, 11th Floor Whitefield Road,
Bangalore 560 066
Phone: +91 80 6724 7222
Fax: +91 80 28410114
Office Type: Delivery Center, Regional Office
5 Tata Consultancy Services
Upper Ground Floor & 1st Floor
Discoverer, International Tech Park,
Whitefield Road, Bangalore 560 066
Phone: +91 80 6724 6666 / 6724 4400
Fax: +91 80 28412135
Office Type: Delivery Center, Regional Office
6 TATA Consultancy Services
SJM Towers, 18, Sheshadri Road
Gandhinagar, Bangalore 560 009
Phone: +91 80 6724 6000
Fax: +91 80 2220 7510
Office Type: Delivery Center, Regional Office
7 Tata Consultancy Services
Salarpuria G. R. Tech Park,
JAL Block, Mahadevapura, K R Puram Bangalore 560 066
Phone: +91 80 6724 5000
Fax: +91 80 6724 4000
Office Type: Delivery Center, Center of Excellence, Regional Office
8 Tata Consultancy Services
# 42(P) & 45(P), Think Campus,
Electronic City, Phase II, Bangalore 560 100
Phone: +91 80 6724 2000
Fax: +91 80 2852 1910
Office Type: Delivery Center, Regional Office
9 TATA Consultancy Services
Unit 6, L Center, No. 78, 79 & 83 EPIP Industrial Area,
Whitefield, Bangalore 560 066
Phone: +91 80 6725 3000
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Office Type: Delivery Center, Regional Office
10 Salarpuria G. R. Tech Park, Dhara Block,
Mahadevapura, K R Puram, Bangalore 560 066
Phone: +91 80 6724 4000
Fax: +91 80 6602 3840
Office Type: Delivery Center BANGALORE
11 International Tech Park,
Pioneer Building, Padandhur Agrahara,
Whitefield Road, Bangalore 560 066
Phone: +91 80 6725 0000
Office Type: Delivery Center
BARODA
12 Tata Consultancy Services
1st & 2nd Floor of 'C' Wing,
Haribhakti Rameshwar Bhavan,
Opp Shivashray Society, Near Petrol Pump,
Vasna Bhaili Road, Baroda 390 007
Phone:+91 265 6564861 / 6564869 / 6564871 / 6564879
Office Type: Delivery Center, Regional Office
BHUBANESWAR
13 Tata Consultancy Services
IT/ITES Special Economic Zone, Plot - 35,
Chandaka Industrial Estate, Patia, Chandrasekharpur,
Bhubaneswar - 751 024, Odisha
Phone: +91 674 664 5000
Fax: +91 674 230 4099
Office Type: Regional Office
14 AUM Building,
Plot No. 457/1952/4557,
Gayatri Vihar, Chandrasekhrapur, Patia,
Bhubaneswar – 751024 ,Odisha
Phone: +91 674 664 4000
Fax: +91 674 664 4001
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Office Type: Regional Office
CHENNAI
15 Siruseri Special Economic Zone, Plot No. 1/G1, SIPCOT Information
Technology Park
Navalur Post, Siruseri - 603 103, Tamil Nadu
Phone: +91 44 67422222
Fax: +91 44 67422223
Office Type: Delivery Center
16 Mangal Tirth Estate, Phase 3 - Spencer Plaza, 769, Anna Salai,
Chennai – 600 002
17 Tower Victorie, No. 45, G N Chetty Road
T Nagar, Chennai – 600 017
18 DLF IT PARK, Block 5 & 9,1/124,
Mount Poonamallee High Road Chennai – 600 089
19 Buharia Tower, No : 4, Moore Road, Chennai – 600 006
20 Tata Consultancy Services
415/21-24, Kumaran Nagar, Sholinganallur
Old Mahabalipuram, Chennai 600 119
Phone: +91 44 66162222
Fax: +91 44 66162555
Office Type: Delivery Center, Regional Office
21 Tata Consultancy Services
Digital Zone, No. 79, IT Highway
Karapakkam, Chennai 600096
Phone: +91 44 66163333
Fax: +91 44 6616 3435
Office Type: Delivery Center, Center of Excellence, Innovation Lab,
Regional Office
Description: TCS Innovation Labs - Retail
Focus: Retail solutions
TCS Innovation Labs - Travel & Hospitality
Focus: Travel & Hospitality Solutions
22 Tata Consultancy Services
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165/1A, Velachery - Taramani 100 Feet Road,
Velachery, Chennai - 600042
Phone: +91 44 66166999
Fax: +91 44 66167070
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Chennai
23 Tidel Park, 11th Floor - A Block
No. 4, Canal Bank Road, Taramani, Chennai - 600 113
Phone: +91 44 66163555
Fax: +91 44 66163999
Office Type: Delivery Center, Center of Excellence, Regional Office
Description: Center of Excellence: SAP - Aerospace and Defense
Focus: Development of assets, solutioning, prototyping
24 Tata Consultancy Services
185/188 Lloyds Road, Chennai 600 086
Phone: +91 44 66164111
Fax: +91 44 66164050
Office Type: Delivery Center, Regional Office
25 Tata Consultancy Services
17, Cathedral Road, Chennai 600 086
Phone: +91 44 66164444
Fax: +91 44 66164567
Office Type: Delivery Center, Regional Office
26 Tata Consultancy Services
No. 1, Habibullah Road, T Nagar, Chennai 600 017
Phone: +91 44 66164999
Fax: +91 44 66164998
Office Type: Regional Office
27 Tata Consultancy Services
Sonex Towers, 223, 12th Main Road
Anna Nagar, Chennai 600040
Phone: +91 44 66166111
Fax: +91 44 66166016
Office Type: Delivery Center, Regional Office
28 Tata Consultancy Services 21,
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Industrial Estate, Ambattur, Chennai - 600 058
Phone: 91 44 6616 6666
Fax: 91 44 6616 6616
Office Type: Delivery Center, Regional Office
29 Tata Consultancy Services
(ETL Infrastructure Services Ltd. SEZ)
200 Ft. Thoraipakkam - Pallavaram Ring Road, Thoraipakkam,
Chennai - 600 096
Phone: +91 44 66168888
Fax: +91 44 66168200
Office Type: Delivery Center , Regional Office
COIMBATORE
30 Tata Consultancy Services
HDFC House, 29/4 & 29/5,
Kamaraj Road Coimbatore 641 018
Phone: +91 422 2222227
Fax: +91 422 2220878
Office Type: Regional Office
DELHI PTI
31 Tata Consultancy Services
4th & 5th Floor, PTI Building
4 Parliament Street, New Delhi 110 001
Phone: +91 11 66506555
Fax: +91 11 23311735
Office Type: Delivery Center, Regional Office
Description: Center of Excellence: Testing - Assurance
GANDHINAGAR
32 Tata Consultancy Services Ltd
5th & 6th floor, Infotower-1, Infocity, Ch-0
Gandhinagar 382 009
Phone: +91 79 66712600
Fax: +91 79 66712601
Office Type: Delivery Center, Regional Office
GOA
33 EMS - DC
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17- B, Tivim Industrial Estate, Karaswada, Mapusa
Goa 403 526
Phone: 91- 832 2257225 / 2257235 / 2257275 / 2257607
Fax: 91- 832 2257255
Office Type: Delivery Center, Regional Office
34 STP
65/A, Near civil court, Altinho, Mapusa, Goa 403 507
Phone: 91- 832 2262057 / 2255833 / 2252741
Fax: 91- 832 2255821
Office Type: Regional Office
35 Tata Consultancy Services
65/B63 Near Civil Court, Altinho, Mapusa, Goa 403507
Phone: 91 (0832) 2262507 / 2254591 / 2252741 / 2255845
Fax: 91 (0832) 2255821
Office Type: Delivery Center
GURGAON
36 GG 5 _4A, Tower A-4th floor Building No 6,
DLF Cyber City Developers LTD SEZ,
Sector 24 & 25 A, DLF Cyber City,
Gurgaon, Haryana -122002
Phone: 91 (0124) 6756024
Fax: 91 (0124) 6756578
Office Type: Delivery Center, Center of Excellence
Description: Center of Excellence: eSecurity
37 Gurgaon VI,
TCS, Block-C, Kings Canyon, ASF Insignia,
Gurgaon- Faridabad, Gawal Pohari, Gurgaon, Haryana
Phone: 91 (0124) 6108000
Fax: 91 (0124) 6108101
38 Gurgaon I,
Plot No.447, Phase V, Udyog Vihar, Sector 19,
Gurgaon, Haryana 122016
Phone: 91 (0124) 6105000
Fax: 91 (0124) 2342543
Office Type: Delivery Center, Regional Office
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39 Gurgaon TCS Towers,
249 D & E, Udyog Vihar, Phase IV, Gurgaon
Haryana 122016
Phone: 91 (0124) 6105555
Fax: 91 (0124) 4108642
Office Type: Regional Office
40 Gurgaon IV,
Plot No. 362-263, Phase IV, Udyog Vihar,
Gurgaon, Haryana 122016
Phone: 91 (0124) 6100000
Fax: 91 (0124) 4309180
Office Type: Delivery Center, Center of Excellence, Innovation Lab,
Regional Office
41 Gurgaon V, Tower B 3rd & 11th Floor,
Tower C 2nd to 4th and 11th floor Building No 6
DLF Cyber City Developers LTD SEZ, Sector 24 & 25 A, DLF Cyber
City, Gurgaon, Haryan -122002
Phone: 91 (0124) 6756100
Fax: 91 (0124) 6756578
Office Type: Regional Office
HYDERABAD
42 Tata Consultancy Services,
SEZ Unit, Synergy Park, Premises2-56/1/36, Survey Number 26,
CMC Campus, Gachibowli, Seri Lingampalli RR District Hyderabad-
50019
Office Type: Innovation Lab
Description: TCS Innovation Labs - CMC
43 Tata Consultancy Services
5-9-62, 6h Floor Khan Lateef Khan Estate,
Fateh Maidan Road Hyderabad 500 001
Phone: 91-40-6667 1000
Fax: 91-40-6667 1111
Office Type: Delivery Center, Regional Office
44 Tata Consultancy Services
Deccan Park, Plot No.1, Software Units Layout
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Madhapur, Hyderabad 500 081
Phone: 91-40-6667 2000
Fax: 91-40-6667 2222
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Hyderabad
Focus: Security and Computational Biology
45 Tata Consultancy Services
Kohinoor Park, Plot No 1, Jubilee Gardens, Cyberabad
Hyderabad 500 084
Phone: 91-40-6667 5000
Fax: 91-40-6667 5555
Office Type: Delivery Center, Regional Office
JAMSHEDPUR
46 Voltas House, 7th Floor, Main Road
Bistupur, Jamshedpur 831 001
Phone: 91-657-2437527 / 91-657-2436413 / 91-657-2436414
Fax: 91-657-2427804
Office Type: Regional Office
KOCHI (COCHIN)
47 Vismaya Building, Infopark,
Kusumagiri P.O. Kakkanad, Kochi 682030, Kerala
Phone: 91-484-4065000
Fax: 91-484-4065255
Office Type: Delivery Center, Regional Office
KOLKATA
48 Bengal Intelligent Park, 3rd & 4th Floor
Plot A2, M2 & N2, Sector V, Salt Lake
Electronics Complex, Bidhannagar Kolkata 700 091
Phone: 91-33-6636 7500
Fax: 91-33-6636 8944
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Kolkata
Focus: RFID Technologies
49 SDF Building,
3rd Floor, Salt Lake Electronics Complex
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Block EP & GP, Sector V, Kolkata 700 091
Phone: 91-33-6636 9766
Fax: 91-33-6636 1074
Office Type: Regional Office
50 Tata Consultancy Services
Unitech HiTech Structure Ltd.
IT/ITES SEZ, Block G, 3rd, 4th 5th & 6th Floor,
Tower GIII Plot No. DH1, DH2, DH3 & DH 3/1
Action area 1, New Town, Kolkata – 700156
Phone: 91-33-6636 1000, 91-33-6636 1011
Office Type: Delivery Center
51 Delta Park Lords Building, Plot C,
Block EP & GP, Sector V Salt Lake Electronics Complex
Kolkata 700 091
Phone: 91-33-6636 8000
Fax: 91-33-6636 8001
Office Type: Delivery Center, Regional Office
52 STP - II Building, 3rd - 5th Floors,
Block - DN, Plot No. 53, Sector V, Bidhhannagar,
Salt Lake (East) Kolkata 700 091
Phone: 91-33-6636 9800
Fax: 91-33-2367 3464
Office Type: Delivery Center, Regional Office
53 Victoria Park Building
Plot No. 37/2, Block GN, Salt Lake, Kolkata-700 091
Phone: 91-33-6636 4000
Fax: 91-33-2340-4001
Office Type: Delivery Center, Regional Office
54 Tata Consultancy Services
Unitech Hitech Structures Ltd.
IT/ITES SEZ, Block A, 7th Floor, Tower AI, Tower AII, Tower AIII,
Plot No. DH1,DH2,DH3 & DH 3/1 ,Action area 1,New Town,
Kolkata - 700156
Office Type: Delivery Center, Regional Office
55 Tata Consultancy Service,
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11th Floor, Omega Tower, Bengal Intelligent Park,
Plot - A2 , M2 & N2, Block EP & GP, Sector - V
Saltlake Electronics Complex, Kolkata - 700 091.
Phone: +91 33 6636 6000
Fax: +91 33 6636 6001
Office Type: Delivery Center, Regional Office
56 Infospace
Unitech HiTech Structure Ltd.
IT/ITES SEZ,Block A, 5th 6th & 7th Floor,
Tower AI, AII,AIII,Plot No. DH1,DH2,DH3 &
DH 3/1, Action Area 1, New Town,
Kolkata – 700 156, West Bengal
57 Tata Consultancy Services
Plot B-1, Block EP & GP, Sector 5,
Salt Lake Electronics Complex, Kolkata 700 091
Phone: 91 (033) 6636 9699
Fax: 91 (033) 6636 3339
Office Type: Delivery Center
LUCKNOW
58 Tata Consultancy Services Ltd.
TCS Awadh Park Vibhuti Khand, Gomti Nagar
Lucknow 226 010
Phone: +91 522 6661001
Fax: +91 522 6661100
Office Type: Delivery Center, Regional Office
MUMBAI
59 Tata Consultancy Services
Air-India Building, 11th Floor Nariman Point,
Mumbai 400 021
Phone: 91-22-6778 9393
Fax: 91-22-6778 9344
Office Type: Regional Office
60 Tata Consultancy Services
Gateway Park Akruti Business Port, Road No. 13,
MIDC Andheri, Mumbai 400 093
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Phone: 91-22-6779 6868
Fax: 91-22-6779 6855
Office Type: Delivery Center, Center of Excellence, Innovation Lab,
Regional Office
Description: TCS Innovation Labs - Performance Engineering
Center of Excellence: BEA - Aqualogic
Center of Excellence: SAP
61 Tata Consultancy Services - Nortel
Park West-II, Raheja Estate, Kulupwadi Road
Borivali (East), Mumbai 400 066
Phone: 91-22-6779 9898
Fax: 91-22-6779 9822
Office Type: Regional Office
62 Tata Consultancy Services
Raheja Green Building No 5, Raheja Estate
Kulupwadi Road, Borivali (East) Mumbai 400 066
Phone: 91-22-6779 8888
Fax: 91-22-6779 8999
Office Type: Regional Office
63 Tata Consultancy Services
Maker Towers 'E' Block, 11th Floor
Cuffe Parade, Colaba, Mumbai 400 005
Phone: 91-22-6778 9191
Fax: 91-22-6778 9100
Office Type: Regional Office
64 Tata Consultancy Services
Vidyasagar Building, Raheja Township, Near Sai Baba
Mandir Malad (East), Mumbai 400 097
Phone: 91-22-6779 8585
Fax: 91-22-6779 8546
Office Type: Delivery Center, Regional Office
65 Tata Consultancy Services
Vidyasagar Building, Raheja Township, Near Sai Baba
Mandir Malad (East), Mumbai 400 097
Phone: 91-22-6779 8585
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Fax: 91-22-6779 8546
Office Type: Delivery Center, Regional Office
66 Tata Consultancy Services
Nirmal Building, 9th Floor, Nariman Point Mumbai 400021
Phone: 91-22-6778 9595
Fax: 91-22-6778 9660
Office Type: Regional Office
Description: Registered Office of Tata Consultancy Services Limited
67 Tata Consultancy Services
Union Co-operative Insurance Bldg.,
(Meherwan Bldg), Sir P M Road Mumbai 400 001
Phone: 91-22-22042215 / 91-22-22042217
Fax: 91-22-22042236
Office Type: Regional Office
68 Tata Consultancy Services
TCS Compound Banyan Park, Suren Road
Andheri (East), Mumbai - 400093
Phone: 91-22-6779 3838
Fax: 91-22-6779 3972
Office Type: Delivery Center, Regional Office
69 Tata Consultancy Services
TCS House, Raveline street, Fort, Mumbai - 400 001
Phone: +91-22-6778 9999
Fax: +91-22-6778 9000
Office Type: Regional Office
Description: Corporate Office
70 Tata Consultancy Services - Wellspring
Plant No. 12, Gate No 4 Godrej & Boyce Complex
L B S Marg, Vikhroli (West) Mumbai 400 079
Phone: 91-22-6778 3000
Fax: 91-22-6778 3399
Office Type: Delivery Center, Regional Office
71 Tata Consultancy Services
D-222/2 TTC Industrial Area MIDC,
Shirvane, Nerul Navi Mumbai 400706
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Phone: 91-22-6779 8000
Fax: 91-22-6779 8299
Office Type: Delivery Center
72 Tata Consultancy Services
Kensington B-Wing, Hiranandani Business Park,
Sez / ITES, Powai, Mumbai 400076
73 Tata Consultancy Services
Unit No. 801, 901 & 1001
A-Wing Kensington Building IT/TES/SEZ
Hiranandani Business Park, Powai, Mumbai 400076
Phone: 91-22-6732 2525 / 6732 3000
Fax: 91-22-6732 2255 / 6732 3300
Office Type: Delivery Center
74 Tata Consultancy Services
Empire Plaza Empire Industrial Estate
101, LBS Marg Vikhroli West Mumbai 400 083
Phone: 91-22-6778 6565
Fax: 91-22-6778 6555
Office Type: Delivery Center
75 Tata Consultancy Services
Akruti Trade Center, Road No. 7, MIDC, Andheri
Mumbai 400093
Phone: 91-22-6779 7272
Fax: 91-22-6779 7280
Office Type: Delivery Center
76 Block No. B3, Nirlon Knowledge Park
Goregoan (East) , Mumbai – 400 063
77 Nesco Compound, Western Express Highway
Goregaon (East), Mumbai – 400 063
78 Tata Consultancy Services
Plot No.64 (ODC), Santacruz Electronic Export Processing Zone,
Andheri (East), Mumbai 400 096
Phone: 91-22-6779 5555
Fax: 91-22-6779 5655
Office Type: Delivery Center, Regional Office
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79 Tata Consultancy Services
Yantra Park Unit No 6, Voltas Compound Opp Voltas HRD Centre,
Subhash Nagar, Pokhran Road 2 Thane (W) 400601
Phone: 91-22-6778 2000
Fax: 91-22-6778 2190
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Mumbai
Focus: Speech, Natural Language, Wireless systems and applications
TCS Innovation Lab - Convergence
Focus: Network, product and industry convergence
NOIDA
80 Noida V, 4th to 7th floor, Unitech Building ( SEZ ),
Plot NO 20 & 21, Sector 135, Noida UP
Phone: 91 (0120) 6744444
Fax: 91 (0120) 6744999
Office Type: Delivery Center, Regional Office
81 Noida II, C-56, Phase II, Noida 201305
Phone: 91 (0120) 6178000
Fax: 91 (0120) 2461003
Office Type: Regional Office
82 NOIDA (III), 154-B,Block A, Sector 63,
Distt. Gautam Budha Nagar, Noida(U.P.) 201301
Phone: 91 (0120) 6657777
Fax: 91 (0120) 6657778
Office Type: Delivery Center, Center of Excellence, Regional Office
Description: Assets & Re-usables Management
83 Noida IV, Plot No. 61 A, Block A, Sector 63,
Phase III, Noida
Phone: 91 (0120) 6144000
Fax: 91 (0120) 6144114
Office Type: Delivery Center, Regional Office
PUNE
84 Electronic Sadan-3,Bhosari MIDC, Pune – 411 026
85
Sahyadri Park, Plot No. 2 & 3, Rajiv Gandhi Infotech Park,
Phase-III, Hinjewadi, Pune – 411 057,
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86 Tata Consultancy Services
Electronic Sadan No. 3, MIDC, Bhosari, Pune 411 026
Phone: 91 20 66115656 / 27123501
Fax: 91 20 27129209
Office Type: Delivery Center, Regional Office
Description: Delivery Center
Phone: 91 (020) 6631 1000
Delivery Center Fax: 91 (020) 6631 1299
87 Tata Consultancy Services
1 Mangaldas Road, Pune 411 001
Phone: 91 20 66086111
Fax: 91 20 6608 6199
Office Type: Delivery Center, Innovation Lab, Regional Office
Description: TCS Innovation Labs - Engineering & Industrial
Services
88 Tata Reasearch Development & Design Centre,
54/B, Hadapsar Industrial Estate, Hadapsar Pune 411 013
Phone: 91 20 66086333
Fax: 91 20 66086399
Office Type: Delivery Center, Innovation Lab,Regional Office
Description: TCS Innovation Lab - TRDDC
Focus: New technologies, models, tools and products
89 Tata Consultancy Services,
Godrej Millenium Condominium, First Floor,
9 Koregaon Road, Pune 411 001
Phone: 9120 66087888
Fax: 91 20 6608 7899
Office Type: Delivery Center, Regional Office
90 Tata Consultancy Services Raja Shree Business Park,
8 Tadiwala Road, Pune 411 001
Phone: 91 20 66086666
Fax: 91 20 66086999
Office Type: Delivery Center, Regional Office
91 Tata Consultancy Services
Nyati Tiara, Survey No. 103/A-1/129, Nagar Road, Yerwada, Pune
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411 006
Phone: 91 20 66087777
Fax: 91 20 66087799
Office Type: Delivery Center, Regional Office
92 Tata Consultancy Services Limited,
Quadra II, Opposite Magarpatta City Hadapsar, Pune 411028
Phone: 020 6622 4444
Fax: 020 6622 4499
Office Type: Delivery Center, Regional Office
THIRUVANANTHAPURAM
93 Tata Consultancy Services,
Technopark Campus, Kariyavattom P. O.
Thiruvananthapuram 695 581 Kerala
Phone: 91-471-6629400
Fax: 91-471-2700682
Office Type: Regional Office
Plant Locations 1 17-B Tivim Industrial Estate
Karaswada, Mapusa-Bardez Goa
Affiliations
(As of March 2015)
Name of Related Party Nature of Relationship
ALTI HR S.A.S. Subsidiary
ALTI INFRASTRUCTURES SYSTEMES & RESEAUX
S.A.S. Subsidiary
ALTI NV Subsidiary
Alti S.A. Subsidiary
ALTI Switzerland S.A. Subsidiary
APONLINE Limited Subsidiary
C-Edge Technologies Limited Subsidiary
CMC Americas Inc Subsidiary
CMC eBiz Inc Subsidiary
CMC Limited Subsidiary
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Diligenta 2 Limited Subsidiary
Diligenta Limited Subsidiary
MahaOnline Limited Subsidiary
MGDC S.C. Subsidiary
MP Online Limited Subsidiary
MS CJV Investments Corporation Subsidiary
PLANAXIS TECHNOLOGIES INC Subsidiary
PT Financial Network Services Subsidiary
PT Tata Consultancy Services Indonesia Subsidiary
Tata America International Corporation Subsidiary
Tata Consultancy Services (Africa) (PTY) Ltd. Subsidiary
Tata Consultancy Services (China) Co., Ltd. Subsidiary
Tata Consultancy Services (Philippines) Inc. Subsidiary
Tata Consultancy Services (South Africa) (PTY) Ltd. Subsidiary
Tata Consultancy Services (Thailand) Limited Subsidiary
Tata Consultancy Services Argentina S.A. Subsidiary
Tata Consultancy Services Asia Pacific Pte Ltd. Subsidiary
Tata Consultancy Services Belgium SA Subsidiary
Tata Consultancy Services Canada Inc. Subsidiary
Tata Consultancy Services Chile S.A. Subsidiary
Tata Consultancy Services Danmark ApS Subsidiary
Tata Consultancy Services De Espana S.A. Subsidiary
Tata Consultancy Services De Mexico S.A., De C.V. Subsidiary
Tata Consultancy Services Deutschland GmbH Subsidiary
Tata Consultancy Services Do Brasil Ltda Subsidiary
Tata Consultancy Services France S.A.S. Subsidiary
Tata Consultancy Services Japan, Ltd. Subsidiary
Tata Consultancy Services Luxembourg S.A Subsidiary
Tata Consultancy Services Malaysia Sdn Bhd Subsidiary
Tata Consultancy Services Netherlands BV Subsidiary
Tata Consultancy Services Osterreich GmbH Subsidiary
Tata Consultancy Services Portugal Unipessoal Limitada Subsidiary
Tata Consultancy Services Qatar S. S. C. Subsidiary
Tata Consultancy Services Sverige AB Subsidiary
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Tata Consultancy Services Switzerland Ltd Subsidiary
TATASOLUTION CENTER S.A Subsidiary
TCS e-Serve America, Inc Subsidiary
TCS e-Serve International Limited Subsidiary
TCS Financial Solutions Australia Holdings Pty Limited Subsidiary
TCS Financial Solutions Australia Pty Limited Subsidiary
TCS Financial Solutions Beijing Co., Ltd. Subsidiary
TCS FNS Pty Limited Subsidiary
TCS Foundation Subsidiary
TCS Iberoamerica SA Subsidiary
TCS Inversiones Chile Limitada Subsidiary
TCS Italia SRL Subsidiary
TCS Solution Center S.A. Subsidiary
TCS Uruguay S.A. Subsidiary
TEAMLINK Subsidiary
TESCOM (France) Software Systems Testing S.A.R.L. Subsidiary
Infiniti Retail Ltd Fellow Subsidiary Company
Panatone Finvest Ltd Fellow Subsidiary Company
Tata AIG General Insurance Company Ltd Fellow Subsidiary Company
Tata AIA Life Insurance Company Ltd Fellow Subsidiary Company
Tata Investment Corporation Ltd Fellow Subsidiary Company
Tata Ltd Fellow Subsidiary Company
Tata Asset Management Ltd Fellow Subsidiary Company
Tata Business Support Services Ltd Fellow Subsidiary Company
Tata Capital Ltd Fellow Subsidiary Company
Tata Housing Development Company Ltd Fellow Subsidiary Company
Tata Consulting Engineers Ltd Fellow Subsidiary Company
Tata Sky Ltd Fellow Subsidiary Company
Tata Realty & Infrastructure Ltd Fellow Subsidiary Company
E-Next Financials Ltd Fellow Subsidiary Company
Tata Industries Ltd Fellow Subsidiary Company
Tata International Ltd Fellow Subsidiary Company
Tata AutoComp Systems Ltd Fellow Subsidiary Company
Drive India Enterprise Solutions Ltd Fellow Subsidiary Company
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Nova Integrated Systems Ltd Fellow Subsidiary Company
Tata Lockheed Martin Aerostructures Ltd Fellow Subsidiary Company
Tata Capital Housing Finance Ltd Fellow Subsidiary Company
TC Travel And Services Ltd Fellow Subsidiary Company
Tata Securities Ltd Fellow Subsidiary Company
Tata Capital Forex Ltd Fellow Subsidiary Company
Tata Capital Financial Services Ltd Fellow Subsidiary Company
Tata Interactive Systems Gmbh Fellow Subsidiary Company
Tata Africa Holdings (Kenya) Ltd Fellow Subsidiary Company
Tata International Singapore Pte Ltd Fellow Subsidiary Company
Tata Advanced Material Ltd Fellow Subsidiary Company
MMP Mobi Wallet Payment Systems Ltd Fellow Subsidiary Company
Viom Networks Ltd Fellow Subsidiary Company
Tata Teleservices (Maharashtra) Ltd Fellow Subsidiary Company
Tata Teleservices Ltd Fellow Subsidiary Company
N Chandrasekaran Key Management Personnel
Rajesh Gopinathan Key Management Personnel
S Mahalingam Key Management Personnel
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Top Management
(As of March 2015)
Name Designation
Cyrus Mistry Chairman
N Chandrasekaran Managing Director & CEO
Phiroz A Vandrevala Director
Aman Mehta Director
Venkatraman Thyagarajan Director
Ron Sommer Director
Ishaat Hussain Director
Vijay Kelkar Director
Suprakash Mukhopadhyay Company Secretary
Clayton M Christensen Director
O P Bhatt Director
Aarthi Subramanian Director
Shareholding Pattern
Ownership Pattern as on 30-Jun-2015 No of Shares % Share Holding
AF-Taab Investment Company Ltd 633,352 0.03
Jamsetji Tata Trust 1,160,280 0.06
LIC of India 47,261,914 2.41
Navajbai Ratan Tata Trust 447,344 0.02
Tata Capital Ltd 200 0
Tata Industries Ltd 363,700 0.02
Tata International Ltd 83,232 0
Tata Investment Corporation Ltd 590,452 0.03
Tata Sons Ltd 1,443,451,698 73.69
Tata Steel Ltd 24,400 0
The Tata Power Company Ltd 452 0
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Business Activity Summary
TCS is an Information Technology (IT) services, consulting and business solutions company. The
Company provides end-to-end technology and technology related services to corporations all over
the world. TCS' domain knowledge and technology expertise helps global corporations to focus on
their core business, while TCS manages their investments in technology and helps transform their
business processes.
Application development & maintenance (ADM) continues to be the major contributor although its
relative weight to the total revenue has come down over the past years (41.58% in fiscal 2014,
58.20% in fiscal 2006) in line with our strategy of focusing on new services. Consequently,
contribution from other services to total revenue has increased.
Service lines which registered significant growth rates during fiscal 2014 were consulting, assurance
services, IT infrastructure services, engineering and industrial services (EIS) and enterprise
solutions.
Finished Products
(10 million Indian Rupee)
Product Name % of Sales
Turnover Sales
Software Services 98.07 72,160.74
Sale of Equipment 1.93 1,417.32
Excise duty 0.01 4.09
Segment-Wise Revenue (Consolidated)
(10 million Indian Rupee)
Particulars 2015-Mar 2014-Mar 2013-Mar
Banking/ Financial Services 38,565.66 35,112.41 27,146.25
Manufacturing 9,242.45 6,989.36 5,215.52
Retail & Distribution 12,829.01 11,309.06 8,401.22
Telecom 10,933.55 9,613.74 7,539.71
Others 23,077.74 18,784.79 14,686.78
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In fiscal 2015, BFSI continued to contribute the largest share to revenue (40.74%) although the
growth (9.83%) is less than the Company average. Manufacturing grew at an impressive rate of
32.24%. Telecom including media and entertainment grew at 13.73 % and retail & CPG registered a
growth of 13.44 %. Verticals included under ‘Others’ showed good growth of 22.85 %. Amongst
these, hi-tech registered better growth (24.36%) than fiscal 2014 (19.52%). Life sciences &
healthcare (27.74%), energy, resources & utilities (25.08%) and travel, transportation & hospitality
(18.70%), grew well above the Company average in fiscal 2015.
Banking, financial services and insurance (BFSI)
BFSI continues its pursuit to redefine its purpose of existence keeping customer at center; leading to
a paradigm shift in the way players are evaluating businesses and investments. Most of the banking
and financial service industry players have embarked upon key strategic transformation initiatives
that revolve around simplification, digital adaptation and governance.
Customer experience management has become pivotal across most of these transformation themes.
The industry also witnessed some structural changes as banks redrew their boundaries to focus on
core businesses, while shelving off the non-core activities leading to a rise of related demerger and
merger integration activities.
Digital technology adaptation has gradually percolated deeper into the system rather than just
refurbishing the front end touch points for internal and external stakeholders.
In the insurance industry, the gradual global economic recovery and a declining emphasis on
spread-based and guaranteed products was partly offset by declining investment margins during
fiscal 2015. Insurers are investing in data and analytics for smarter business decisions though
improved underwriting and to gain greater customer insights for new products and services.
New digital technologies are lowering barriers to expansion & global reach and the same
technologies are enabling new industry players (or disruptors) to enter and compete in these markets.
The Company has invested in a broad array of offerings to meet the security, data & analytics and
digital demand. It has partnered with industry experts and has made significant investments to
engage and deepen European presence.
Telecom, media and entertainment
In fiscal 2014, telecom operators witnessed pressure to invest in innovation and increased
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productivity in the backdrop of stagnating revenues, volatile economies, cost pressures, stricter
regulations and shrinking margins.
Communication service providers (CSP) are striving to deliver better and more efficient services.
Technology is increasingly taking center stage in their strategy formulation. CSPs are widening the
scope of their activity with digital services, connected cars and homes. Long term evolution (LTE)
remains major focus for CSPs, although it is not expected to increase its revenue significantly in the
short term. Till now, LTE has primarily been seen in North America and China, but in the coming
years, it is expected to accelerate in Europe. As operators focus their investments on LTE access,
advanced services like voice over LTE (VoLTE) are also getting introduced.
A new trend is emerging among telcos to transform themselves so as to address the non-core areas
like enterprise mobility, information & communication technology (ICT) services and multipoint to
multipoint (M2M) communication among small & medium businesses (SMB).
Media and information services industry continues to march on its journey of digital metamorphosis,
a transformation from primarily physical products to largely digital products and services businesses.
Different segments within the industry are at different stages in this transformation. This fiscal, we
saw the information services industry leaders reporting their digital revenues to be upwards of 50%
of overall business and positive organic revenue growth. Publishers are likely to be the next segment
to emerge from the shadows of their former selves. We reckon that the entertainment sector will
follow publishing to emerge as digital led businesses. New management teams seem to have broad
mandate and investment approvals to accelerate the pace of transformation, re-establish their core
competencies, and exploit new value chains for scalable digital businesses.
Technology spends as a proportion of revenue is expected to grow from about 2-4% to about 8-10%
in these companies.
Revenue in telecom, media & entertainment witnessed remarkable growth of 27.51% in fiscal 2014
as compared to 21.52% in fiscal 2013. Margin has also improved significantly from 25.85% in fiscal
2013 to 28.59% in fiscal 2014.
The industry has been engaging itself in business transformation to digital technologies prompted by
rapid consumer adoption of mobile devices, consumer activism in digital media and behavioral shift
to 'anytime anywhere' shopping. In addition to building the future digital enterprise, retailers are also
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focusing on modernising their legacy systems and simplifying the business processes and IT
landscape, preventing risks of security breach and investing in building efficient systems.
This segment continues to invest in consumer analytics, digital commerce and business intelligence
apart from strengthening traditional technology capabilities. This fiscal saw strong engagement with
big customers on enterprise mobility, disruptive technologies, supply chain and cloud.
TCS has been focusing on addressing the key industry trends by constantly updating the offerings
and solutions for its customers in the area of digital re-imagination and industry-grade solutions
based on rich domain expertise. This has resulted in achieving broad-based revenue growth in retail
segment with significant wins in managed services, IT transformation, infrastructure support,
mobility projects and e-commerce.
The segment revenue has recorded a growth of 34.61% in fiscal 2014 (41.09% in fiscal 2013).
Segment result as a percentage of segment revenue improved from 30.72% in fiscal 2013 to 32.48%
in fiscal 2014.
Manufacturing
The manufacturing industry continues to pursue a twofold path. The first has a focus on cost
optimisation and complexity reduction in the current landscape leading to consolidations around
enterprise resource planning (ERP), managed services and infrastructure services. The second has a
focus on technology led transformational programmes to enhance the end customer experience
leveraging digital technologies as mobility, social media and big data. Increasing focus is foreseen
on profit driven supply chain planning, global order orchestration capability, rationalisation and
modernisation of plant systems. Intense focus on after sales services, warranty and parts businesses,
are some other prominent trends.
Automotive industry: Industry growth is looking positive. The business focus is primarily on car
electronics, infotainment systems, connected cars, product reliability, new model launch acceleration
and improving the customer experience, especially at the dealerships.
Chemical and process industry: The global chemical industry is experiencing a number of inflections
driven by globalisation, fluctuating raw material prices and stricter industry regulations. Taking cost
out of IT infrastructure and other non-core services through BPS is driving the IT environment. The
growth in this sector remains moderately positive with resurgence of the U.S. chemicals industry as
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business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 32
well as continued demand in the emerging markets.
Industrial and diversified manufacturing industry: The segment is witnessing optimism with signs
that international demand for technologically advanced construction and agricultural equipment are
expected to improve. Emerging and developing economies will remain attractive destinations. The
sector is witnessing increasing IT spends on managing quality and reliability, field services
optimisation and new service models to balance revenue portfolios.
TCS has made significant investment in building the core capability with a focus on strengthening its
expertise across the manufacturing value chain, namely in new product innovation, manufacturing
excellence, supply chain and customer experience. A core digital focused team has also been formed
to focus on the application of new age technology across the manufacturing value chain of our
customers. Significant proactive ideation and solution development to help our customers 'reimagine'
their business models, and drive simplification is helping the Company to stay ahead.
Manufacturing industry revenue recorded a growth of 34.01% in fiscal 2014 (37.23% in fiscal 2013).
Segment results growth 50.53% in fiscal 2014 (38.22% in fiscal 2013) as well as segment margin
29.35% (26.13% in fiscal 2013) were significant.
Others
Segments combined in 'others' comprise:
• Life sciences and healthcare
• Energy, resources and utilities
• Travel, transportation and hospitality
• Hi-tech
• Other relatively smaller segments.
Most of the segments grouped in 'others' showed good revenue growth over fiscal 2013, reflecting
the Company's growing domain expertise in these industries.
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 33
Financial Information
Financial Overview
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
Financial Performance
Equity 195.87 195.87 195.72
Networth 45,416.44 44,051.88 32,462.25
Enterprise Value 482,661.03 404,409.55 303,750.48
Capital Employed 46,538.35 45,137.41 33,255.58
Gross Block 14,205.25 11,315.73 9,183.36
Sales 73,582.15 64,676.08 48,426.96
Other Income 4,995.11 3,114.71 2,230.39
PBIDT 26,023.31 24,648.43 16,536.66
PBDT 25,943.74 24,625.02 16,506.04
PBIT 24,629.54 23,567.88 15,733.80
PBT 24,549.97 23,544.47 15,703.18
RPAT 19,256.96 18,474.92 12,786.34
APAT 18,660.76 18,342.77 12,769.76
CP 20,650.73 19,555.47 13,589.20
Rev. Earnings in FE 71,818.32 62,260.84 45,942.56
Rev. Expenses in FE 24,792.96 20,308.36 15,622.54
Face Value (Indian Rupee) 1.00 1.00 1.00
Book Value (Indian Rupee) 231.87 224.90 165.86
EPS (Indian Rupee) 85.08 90.15 61.59
Dividend (%) 7,900.00 3,200.00 2,200.00
Payout (%) 92.85 35.49 35.72
Ratio Analysis
Debt-Equity 0.00 0.00 0.00
Current Ratio 2.54 2.59 2.11
Inventory Turnover 7,037.99 8,675.53 9,241.79
Debtors Turnover 4.67 5.04 4.77
Interest Cover 309.53 1,006.74 513.84
PBIDTM (%) 35.37 38.11 34.15
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 34
PBDTM (%) 35.26 38.07 34.08
APATM (%) 26.17 28.57 26.40
ROCE (%) 53.73 60.13 53.73
RONW (%) 43.05 48.22 44.63
EV/EBIDTA 18.55 16.41 18.37
Rate of Growth (%)
Net Worth 3.10 35.70 31.13
Sales 13.77 33.55 27.09
PAT 4.23 44.49 16.49
M Cap 19.68 35.51 34.59
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 35
Balance Sheet
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
SOURCES OF FUNDS :
Share Capital 195.87 195.87 295.72
Reserves Total 45,220.57 43,856.01 32,266.53
Equity Share Warrants 0 0 0
Equity Application Money 0 0 0
Total Shareholder Funds 45,416.44 44,051.88 32,562.25
Secured Loans 64.13 88.64 161.6
Unsecured Loans 208.72 26.84 10.34
Total Debt 272.85 115.48 171.94
Other Liabilities 849.06 970.05 521.39
Total Liabilities 46,538.35 45,137.41 33,255.58
APPLICATION OF FUNDS :
Gross Block 14,205.25 11,315.73 9,183.36
Less: Accumulated Depreciation 6,208.96 5,386.54 4,079.08
Less: Impairment of Assets 0 0 0
Net Block 7,996.29 5,929.19 5,104.28
Lease Adjustment 0 0 0
Capital Work in Progress 2,706.94 3,047.53 1,763.85
Investments 3,398.70 5,832.42 6,324.38
Current Assets, Loans & Advances
Inventories 12.34 8.57 6.34
Sundry Debtors 17,036.76 14,471.89 11,202.32
Cash and Bank 16,502.50 12,566.26 4,054.16
Loans and Advances 6,131.07 7,054.22 7,719.07
Total Current Assets 39,682.67 34,100.94 22,981.89
Less: Current Liabilities and Provisions
Current Liabilities 9,236.14 6,412.08 5,513.83
Provisions 7,019.35 5,827.83 3,896.14
Total Current Liabilities 16,255.49 12,239.91 9,409.97
Net Current Assets 23,427.18 21,861.03 13,571.92
Miscellaneous Expenses not written off 0 0 0
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 36
Deferred Tax Assets 303.47 273.58 148.23
Deferred Tax Liabilities 271.46 226.87 168.49
Net Deferred Tax 32.01 46.71 -20.26
Other Assets 8,977.23 8,420.53 6,511.41
Total Assets 46,538.35 45,137.41 33,255.58
Contingent Liabilities 7,314.50 8,066.00 7,303.41
Balance Sheet (Consolidated)
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 13
SOURCES OF FUNDS :
Share Capital 195.87 195.87 295.72
Reserves Total 50,438.89 48,998.89 38,350.01
Equity Share Warrants 0 0 0
Equity Application Money 0 0 0
Total Shareholders Funds 50,634.76 49,194.76 38,645.73
Minority Interest 1,127.76 707.99 695.31
Secured Loans 113.69 159.79 209.48
Unsecured Loans 244.01 137.08 22.79
Total Debt 357.7 296.87 232.27
Policy Holders Fund 0 0 0
Other Liabilities 1,122.89 1,128.66 795.66
Total Liabilities 53,243.11 51,328.28 40,368.97
APPLICATION OF FUNDS :
Gross Block 19,409.27 16,166.19 15,204.49
Less: Accumulated Depreciation 7,771.10 6,621.86 5,376.48
Less: Impairment of Assets 0 0 0
Net Block 11,638.17 9,544.33 9,828.01
Lease Adjustment 0 0 0
Capital Work in Progress+ 2,766.37 3,168.48 1,895.36
Investments 1,661.78 3,433.74 1,897.34
Current Assets, Loans & Advances
Inventories 16.07 15.21 21.15
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 37
Sundry Debtors 20,437.94 18,230.40 14,095.58
Cash and Bank 18,556.04 14,441.84 6,769.16
Loans and Advances 8,310.35 9,051.77 9,583.53
Total Current Assets 47,320.40 41,739.22 30,469.42
Less: Current Liabilities and Provisions
Current Liabilities 12,419.65 9,114.74 7,329.96
Provisions 7,655.16 6,385.96 4,233.46
Total Current Liabilities 20,074.81 15,500.70 11,563.42
Net Current Assets 27,245.59 26,238.52 18,906.00
Miscellaneous Expenses not written off 0 0 0
Deferred Tax Assets 593.94 420.06 310.22
Deferred Tax Liabilities 342.96 308.8 235.48
Net Deferred Tax 250.98 111.26 74.74
Other Assets 9,680.22 8,831.95 7,767.52
Total Assets 53,243.11 51,328.28 40,368.97
Contingent Liabilities 4,267.03 4,676.69 3,515.12
Investments
(10 million Indian Rupee)
Investment
Company Name
Year
End
No of
Equity
Shares
Cost of
Investm
ent
Prices as on
Current
Price -Unit
Curr.
Current
Value of
Investment
CMC Ltd 201403 15489922 379.89 28-Jul-15 1,932.15 2,992.89
CMC Ltd 201503 0 379.89 28-Jul-15 1,932.15 0
Total 759.78 2992.89
Profit & Loss
(10 million Indian Rupee)
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 38
Year Mar 2015 Mar 2014 Mar 2013
INCOME :
Operating Income + 73,582.15 64,676.08 48,426.96
Excise Duty 4.09 3.15 0.82
Net Operating Income 73,578.06 64,672.93 48,426.14
Other Income + 4,995.11 3,114.71 2,230.39
Stock Adjustments + -0.15 0.07 0
Total Income 78,573.02 67,787.71 50,656.53
EXPENDITURE :
Cost of Traded Software Packages 64.62 39.77 25.02
Operating Expenses 20,457.97 17,560.17 13,798.52
Employee Cost 27,368.32 21,466.56 17,081.72
Power/Electricity Charges 493.36 463.25 375.61
Selling and Administration Exp. 3,063.32 2,705.09 2,120.19
Miscellaneous Expenses 1,102.12 904.44 718.81
Less: Pre-operative Expenses Capitalised 0 0 0
Total Expenditure 52,549.71 43,139.28 34,119.87
Operating Profit 26,023.31 24,648.43 16,536.66
Interest 79.57 23.41 30.62
Gross Profit 25,943.74 24,625.02 16,506.04
Depreciation 1,393.77 1,080.55 802.86
Profit Before Tax 24,549.97 23,544.47 15,703.18
Tax 5,278.31 5,091.73 2,872.82
Fringe Benefit tax 0 0 0
Deferred Tax 14.7 -22.18 44.02
Reported Net Profit 19,256.96 18,474.92 12,786.34
Extraordinary Items 596.2 132.15 16.58
Adjusted Net Profit 18,660.76 18,342.77 12,769.76
Adjustment below Net Profit 92.75 2,375.22 -103
P & L Balance brought forward 36,420.45 24,602.85 18,235.20
Appropriations 19,991.10 9,032.54 6,315.69
P & L Balance carried down 35,779.06 36,420.45 24,602.85
Dividend 15,473.87 6,267.33 4,305.88
Preference Dividend 0 28.76 19
Equity Dividend % 7,900.00 3,200.00 2,200.00
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 39
Dividend Per Share(Indian Rupee) 79 32 22
Earnings Per Share-Unit Curr 85.08 90.15 61.59
Earnings Per Share(Adj)-Unit Curr 85.08 90.15 61.59
Profit & Loss (Consolidated)
(10 million Indian Rupee)
Year Mar 2015 Mar 2014 Mar 2013
INCOME :
Operating Income 94,652.50 81,812.51 62,990.30
Excise Duty 4.09 3.15 0.82
Net Operating Income 94,648.41 81,809.36 62,989.48
Other Income 3,719.66 1,636.74 1,178.23
Stock Adjustments 0 0 0
Total Income 98,368.07 83,446.10 64,167.71
EXPENDITURE :
Cost of Traded Software Packages 0 0 0
Operating Expenses 24,485.93 20,466.04 15,777.08
Employee Cost 38,701.15 29,860.01 24,039.96
Power/Electricity Charges 573.87 527.1 475.76
Selling and Administration Exp. 4,842.25 4,278.52 3,532.00
Miscellaneous Expenses 1,563.50 1,524.90 1,124.77
Less: Pre-operative Expenses Capitalised 0 0 0
Total Expenditure 70,166.70 56,656.57 44,949.57
Operating Profit 28,201.37 26,789.53 19,218.14
Interest 104.19 38.52 48.49
Gross Profit 28,097.18 26,751.01 19,169.65
Depreciation 1,798.69 1,349.15 1,079.92
Minority Interest (before tax) 0 0 0
Profit Before Tax 26,298.49 25,401.86 18,089.73
Tax 6,266.60 6,097.00 4,000.72
Fringe Benefit Tax 0.37 0.13 0.33
Deferred Tax -28.18 -27.14 12.99
Net Profit 20,059.70 19,331.87 14,075.69
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 40
Minority Interest (after tax) 207.52 168 158.38
Profit/Loss of Associate Company 0 0 0
Net Profit after Minority Interest & P/L
Asso.Co.
19,852.18 19,163.87 13,917.31
Extraordinary Items 551.49 137.4 31.51
Adjusted Net Profit 19,300.69 19,026.47 13,885.80
Adjustment below Net Profit 20.97 0 -126.22
P & L Balance brought forward 39,504.51 29,529.97 22,160.54
Appropriations 20,365.01 9,189.33 6,421.66
P & L Balance carried down 39,012.65 39,504.51 29,529.97
Dividend 15,473.87 6,267.33 4,305.88
Preference Dividend 0 28.76 19
Equity Dividend (%) 7,900.00 3,200.00 2,200.00
Dividend Per Share(Indian Rupee) 79 32 22
EPS before Minority Interest
(Unit Curr.)
88.96 94.49 68.1
EPS before Minority Interest
(Adj) (Unit Curr.)
88.96 94.49 68.1
EPS after Minority Interest
(Unit Curr.)
87.9 93.63 67.29
EPS after Minority Interest
(Adj) (Unit Curr.)
87.9 93.63 67.29
Book Value (Unit Curr.) 258.51 251.16 196.94
Book Value (Adj) (Unit Curr.) 258.51 251.16 196.94
Equity Dividend (%) 7,900.00 3,200.00 2,200.00
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 41
Cash Flow
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
Cash and Cash Equivalents at Beginning of
the year 438.37 323.85 318.97
Net Cash from Operating Activities 16,319.89 12,941.93 9,156.95
Net Cash Used in Investing Activities 585.72 -7,143.09 -3,496.27
Net Cash Used in Financing Activities -16,914.20 -5,684.32 -5,655.80
Net Inc/(Dec) in Cash and Cash Equivalent -8.59 114.52 4.88
Cash and Cash Equivalents at End of the
year 429.78 438.37 323.85
Cash Flow (Consolidated)
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
Cash and Cash Equivalents at Beginning of
the year 1,467.86 1,841.36 1,993.49
Net Cash from Operating Activities 19,368.78 14,751.41 11,614.96
Net Cash Used in Investing Activities -1,807.14 -9,451.67 -6,037.61
Net Cash Used in Financing Activities -17,167.61 -5,673.24 -5,729.48
Net Inc/(Dec) in Cash and Cash Equivalent 394.03 -373.5 -152.13
Cash and Cash Equivalents at End of the
year 1,861.89 1,467.86 1,841.36
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 42
Key Financial Ratios
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
Debt-Equity Ratio 0 0 0
Long Term Debt-Equity Ratio 0 0 0
Current Ratio 2.54 2.59 2.11
TURNOVER RATIOS
Fixed Assets 5.77 6.31 5.88
Inventory 7,037.99 8,675.53 9,241.79
Debtors 4.67 5.04 4.77
Interest Cover Ratio 309.53 1,006.74 513.84
PBIDTM (%) 35.37 38.11 34.15
PBITM (%) 33.47 36.44 32.49
PBDTM (%) 35.26 38.07 34.08
CPM (%) 28.06 30.24 28.06
APATM (%) 26.17 28.57 26.4
ROCE (%) 53.73 60.13 53.73
RONW (%) 43.05 48.22 44.63
Key Financial Ratios (Consolidated)
(10 million Indian Rupee)
Mar 2015 Mar 2014 Mar 2013
Debt-Equity Ratio 0.01 0.01 0.01
Long Term Debt-Equity Ratio 0 0 0
Current Ratio 2.46 2.62 2.37
TURNOVER RATIOS
Fixed Assets 5.32 5.22 4.47
Inventory 6,051.95 4,500.14 3,236.91
Debtors 4.9 5.06 4.92
Interest Cover Ratio 253.41 660.45 374.06
PBIDTM (%) 29.79 32.75 30.51
PBITM (%) 27.89 31.1 28.8
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 43
PBDTM (%) 29.68 32.7 30.43
CPM (%) 23.09 25.28 24.06
APATM (%) 21.19 23.63 22.35
ROCE (%) 51.4 55.92 50.99
RONW (%) 40.19 43.65 40.58
Term Explanations
Debt-Equity Ratio
total debt / (share capital + reserves)
Long Term
Debt-Equity Ratio
(total debt – cash credit – commercial paper – bridge loans – short term
loans to group companies – short term loans to others – inter corporate
deposits – working capital loans) / (share capital +reserves)
Current Ratio
(total assets / current liabilities)
Fixed Assets
(sales / (gross fixed assets excl. work in progress – revaluation
reserve))
Inventory (sales / total inventory)
Debtors (sales / sundry debtors)
Interest Cover Ratio (adjusted net profit + tax + interest) / interest
PBIDTM (%)
(adjusted gross profit + interest / sales)*100
PBITM (%)
(adjusted gross profit + interest – depreciation / sales)*100
PBDTM (%)
(adjusted gross profit / sales)*100
CPM (%)
(adjusted gross profit + depreciation)*100
APATM (%)
(adjusted net profit / sales)
ROCE (%)
(adjusted net profit + tax + interest) / (share capital + reserve + total
debt – miscellaneous exp.)*100
RONW (%)
(adjusted net profit – preference dividend) / equity paid up + reserves)
* 100
NOTE: This report is furnished in strict confidence to you at your request, for your exclusive use, for legitimate
business purpose and for no other purpose. The above information is taken from sources believed to be reliable.
Every attempt is made to ensure that the information given is accurate. CHANGE Co., Ltd. accepts no legal
responsibility for any information supplied or opinion expressed. 44
Credit Ratings
Rating
Code Date Security Type
Amount
(10 million
Indian
Rupee)
Rating Rating Type
002 07 Jan
2015
Long Term
Debts 320.00 AAA
002 07 Jan
2015
Long Term
Debts 500.00 AAA
002 07 Jan
2015
Long Term
Debts 4,514.00 AAA
002 07 Jan
2015
Short Term
Debt 320.00 A1+
The prospect of timely
payment of debt/obligation is
the best.
002 07 Jan
2015
Short Term
Debt 500.00 A1+
The prospect of timely
payment of debt/obligation is
the best.
002 07 Jan
2015
Short Term
Debt 4,514.00 A1+
The prospect of timely
payment of debt/obligation is
the best.
002 23 Jul
2014
Commercial
Paper 4,000.00 A1+
The prospect of timely
payment of debt/obligation is
the best.
002 20 Sep
2012
Debt
Progamme 5,000.00 A1+
The prospect of timely
payment of debt/obligation is
the best.
002 30 Sep
2010
Debt
Progamme 2,000.00 A1+
The prospect of timely
payment of debt/obligation is
the best.