TCS achieved a bit of a coup late last year when it bagged a $1.2 billion full-service contract with The Neilsen Company. The deal placed the former at the top spot of having won the largest single-vendor outsourcing deal ever by an Indian IT company. Globally, it strengthened TCS’ strategy of going after large deals and cross selling application, infrastructure, Business Process Outsourcing services.
In fact, TCS justifies its global tag. While the European providers play mostly in their backyards and the Indians hanker after American and European customers, TCS sees the world as its ocean. Several of its larger deals last year came from outside of the U.S.A. and Europe; Mexico ($200 million with the Social Security Institute) and Ecuador ($140 million with Banco Pichincha, the country’s largest bank) being only two of them.
The LatAm region has, in fact, emerged as a geography where TCS is setting up several centers. Early last year, it expanded its operations in Mexico by launching a delivery center in Guadalajara with plans to hire over 500 professionals. And now with operations across 14 countries in Latin America, Spain and Portugal, with over 5,000 local employees, 150 active customers and large centers in Brazil, Chile, Ecuador, Mexico and Uruguay, TCS has emerged as one of the fastest growing IT companies in LatAm.
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This growth goes hand-in-hand with the company’s revenue and employee growth. The company’s revenue saw a growth from $2.9 billion in ’06 to $4.3 billion in ’07, while its global employees grew from 83,500 in ’06 to 104,347 in ’07.
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STATS
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| CEO: S. Ramadorai |
| Skill set: IT services & consulting, business solutions |
| Verticals: Financial services, energy, government, telecom, health care |
| Customers: The Nielsen Company, ABN Amro, Kimberly-Clark, British Airways |
| Delivery centers: India, Australia, U.S.A., U.K., Europe |
| Employees: 104,347 |
| Revenue: $4.3 billion (est. 2007) |
| Year founded: 1968 |
| Website: www.tcs.com |
