|
It is said that when the going gets tough, the tough get going. That has been
much the scene with TCS this H1. Posting a robust growth, the company has
weathered the global economic downturn unusually well. So even as its bread and
butter businesses come under pressure, the company is constantly chalking out
new strategies and finding new avenues to keep growing.
The purchase of Citigroups BPO business for $505 mn gives it an assured
pipeline of $2.5 bn over a time period of over nine years, and further deepens
the expertise in the financial services domain.
TCS is steadily working on a diversification mantra, so recently it opened
its fourth center in China. It has also won some big contracts in the financial
domain both for its flagship product BaNCS and for its services. TCS is also
strengthening its domestic focus.
So while the company is going for all out growth, it is also tightening its
beltsingle-digit salary growths, cut in variable pay, cut back on travel,
power, etc. Nonetheless, TCS is one of the few companies to be still recruiting
off the campus; in fact there was an addition of some 18,000 people in H1 taking
the total strength to 121,610 people.
|
Rank
1 |
|
 |
|
Factsheet |
CEO & MD :
S Ramadorai
n
Start-up Year: 1968
n
Products & Services: Software services, IT consulting, and BPO
n
Branches: 245
n
Employee: 110,061 |
| Revenue
(Rs crore) |
n
H1 FY 2008-09: 13,364
n
H1 FY 2007-08: 10,707
n
FY 2007-08: 22,620 |
| Note: BPO included
in all revenue figures |
Page(s) 1
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