Tata Consultancy Services Honoured as Technology Partner at the Manufacturing Leadership 100 Awards

Tata Consultancy Services (BSE: 532540, NSE: TCS) has been honored as a "Technology Partner" for its work with customers in key verticals, at this year's Manufacturing Leadership 100 Awards, presented by the Manufacturing Leadership Community, a part of Frost & Sullivan. This award further enhances TCS' longstanding history of developing cutting-edge solutions and successfully implementing transformational projects in the manufacturing and life sciences industry.

For the last nine years, the Manufacturing Leadership 100 Awards have honored innovative companies and individuals from around the world who are shaping the future of global manufacturing. The top 100 projects selected also represent those technology partners, who are set apart from their competitors and deliver clear and compelling return on investment across a wide variety of domains. Winners are evaluated specifically on their process impact, business impact, strategic impact and use of technology.

"TCS' breadth and depth of experience across industry verticals globally provides us with a unique perspective on market trends and best practices," said Debashis Ghosh, Global Head, Manufacturing, Life Sciences and Energy, TCS. "Being recognized as the Technology Partner at the Manufacturing Leadership 100 Awards reaffirms the value that we are delivering to our customers. Our global teams are committed to constantly innovating and delivering superior services to address critical business issues; for instance, we partner with our life sciences customers across the value chain to enable them to advance clinical trial efficiencies, accelerate drug discovery, maximize manufacturing productivity and improve sales and marketing effectiveness."

TCS' Global Business Reporting project with Eli Lilly won the award in the Information Leadership category. "The TCS team, both on-shore and off-shore, has demonstrated an outstanding level of professionalism and partnership. The Global Reporting Project was extremely complex and required a significant level of understanding of local needs around the globe. In addition to providing strong IT competency, the TCS team was able to forge a true partnership with the Lilly team to ultimately deliver a top grade solution to our customers around the world," said Zuheir Shahwan, Director, Global Commercial Operations - Commercial Intelligence at Eli Lilly and Company.

"TCS has been a key partner in helping us implement a new business transformation project within our automotive business that will not only bring our performance to the next level but has also won us recognition in the ML 100 'Information Leadership' category," said Randall Urban, IT Vice President, Johnson Controls, Inc. "As a multi-national company it is imperative that our processes are aligned globally. This new initiative will enable us to further strengthen our cohesiveness by integrating logistic and operational processes across continents."

"The Factory Mobility project was a ground-breaking effort to bring mobile technology to the shop floor on the C-17 Globemaster III Program in Long Beach," said Bill Black, IT Leader for the C-17 Program, The Boeing Company. "Both the TCS and Boeing teams really focused on what the shop-floor customer needed and were able to deliver a quality product that exceeded their expectations. This teaming arrangement has been typical of our relationship with TCS over the last several years."

"We are pleased to be named a technology partner in this year's Manufacturing Leadership 100 Awards," said Milind Lakkad, Vice President and Global Head, Manufacturing, TCS. "Technology continues to play a dominant role across the manufacturing value chain, be it in the cycle time reduction of new product development, product quality improvement, optimization of manufacturing operations or enhancement of customer experience."

The Manufacturing Leadership 100 awards were presented at the 2013 Manufacturing Leadership Summit in Palm Beach, FL.

Shares of Tata Consultancy Services Ltd was last trading in BSE at Rs.1772.45, down by Rs.20.90 or 1.17%. The stock hit an intraday high of Rs.1799.70 and low of Rs.1750.60.

The total traded quantity was 0.87 lakhs compared to 2 week average of 1.98 lakhs.

Hiring by TCS, Infosys and Wipro falls by more than half in June quarter

NEW DELHI: Hiring by TCS, InfosysBSE -0.01 % and Wipro, which account for a major chunk of job opportunities in the sector, slowed down by a hefty 60 per cent in the April-June quarter as the big three hired only around 3,400 persons.


In the April-June 2012, these three companies had hired over 8,700 persons on a net basis.

The country's largest IT company TCSBSE -1.17 % added 1,390 persons in the June quarter this year, against net addition of 4,962 persons in the year ago period.

Infosys hired 575 persons during the quarter against 1,157 net additions in the same period last year.

WiproBSE 1.74 % added 1,469 people to its IT services division in June quarter compared to over 2,600 people in the year ago period.

In the January-March quarter, the three companies had hired over 16,500 persons.

While TCS and Infosys saw gross additions of 10,000 each during June 2013 quarter, net addition subtracts the number of people leaving the company from the gross additions.

Experts consider the net number as a better indicator of actual increase in staff count.

"IT companies are cautious in their hiring plans currently. They are hiring on requirement and project basis," Uday Sodhi of job portal Head Honchos said.

Hiring in the sunrise sector has been sluggish as the outsourcing industry is under duress amid clients cutting back on IT spends fearing a further weakening of the economic conditions.

TCS while announcing its results this month had said that its hiring had come down due to low attrition rate. The company witnessed a low attrition rate of 9.55 per cent for IT devision and 15.77 per cent for BPO segment.

A recent survey by IT industry body Nasscom had said that attrition rate in the IT sector has come down to around 14 per cent in 2012-13 from 19 per cent in 2010-11 for IT and KPO segments.

The survey, which rated TCS, Infosys and Wipro among top five IT employers, also said that hiring by companies would grow at a slower rate this year.

Moreover, there has been a change in hiring pattern by software and services companies, which may lower net additions this year, it said.

Project based 'just-in-time' hiring is the dominant way at present, it added.

Tata Consultancy Services Honoured as Technology Partner at the Manufacturing Leadership 100 Awards

Tata Consultancy Services (BSE: 532540, NSE: TCS) has been honored as a "Technology Partner" for its work with customers in key verticals, at this year's Manufacturing Leadership 100 Awards, presented by the Manufacturing Leadership Community, a part of Frost & Sullivan. This award further enhances TCS' longstanding history of developing cutting-edge solutions and successfully implementing transformational projects in the manufacturing and life sciences industry.

For the last nine years, the Manufacturing Leadership 100 Awards have honored innovative companies and individuals from around the world who are shaping the future of global manufacturing. The top 100 projects selected also represent those technology partners, who are set apart from their competitors and deliver clear and compelling return on investment across a wide variety of domains. Winners are evaluated specifically on their process impact, business impact, strategic impact and use of technology.

"TCS' breadth and depth of experience across industry verticals globally provides us with a unique perspective on market trends and best practices," said Debashis Ghosh, Global Head, Manufacturing, Life Sciences and Energy, TCS. "Being recognized as the Technology Partner at the Manufacturing Leadership 100 Awards reaffirms the value that we are delivering to our customers. Our global teams are committed to constantly innovating and delivering superior services to address critical business issues; for instance, we partner with our life sciences customers across the value chain to enable them to advance clinical trial efficiencies, accelerate drug discovery, maximize manufacturing productivity and improve sales and marketing effectiveness."

TCS' Global Business Reporting project with Eli Lilly won the award in the Information Leadership category. "The TCS team, both on-shore and off-shore, has demonstrated an outstanding level of professionalism and partnership. The Global Reporting Project was extremely complex and required a significant level of understanding of local needs around the globe. In addition to providing strong IT competency, the TCS team was able to forge a true partnership with the Lilly team to ultimately deliver a top grade solution to our customers around the world," said Zuheir Shahwan, Director, Global Commercial Operations - Commercial Intelligence at Eli Lilly and Company.

"TCS has been a key partner in helping us implement a new business transformation project within our automotive business that will not only bring our performance to the next level but has also won us recognition in the ML 100 'Information Leadership' category," said Randall Urban, IT Vice President, Johnson Controls, Inc. "As a multi-national company it is imperative that our processes are aligned globally. This new initiative will enable us to further strengthen our cohesiveness by integrating logistic and operational processes across continents."

"The Factory Mobility project was a ground-breaking effort to bring mobile technology to the shop floor on the C-17 Globemaster III Program in Long Beach," said Bill Black, IT Leader for the C-17 Program, The Boeing Company. "Both the TCS and Boeing teams really focused on what the shop-floor customer needed and were able to deliver a quality product that exceeded their expectations. This teaming arrangement has been typical of our relationship with TCS over the last several years."

"We are pleased to be named a technology partner in this year's Manufacturing Leadership 100 Awards," said Milind Lakkad, Vice President and Global Head, Manufacturing, TCS. "Technology continues to play a dominant role across the manufacturing value chain, be it in the cycle time reduction of new product development, product quality improvement, optimization of manufacturing operations or enhancement of customer experience."

The Manufacturing Leadership 100 awards were presented at the 2013 Manufacturing Leadership Summit in Palm Beach, FL.

Shares of Tata Consultancy Services Ltd was last trading in BSE at Rs.1772.45, down by Rs.20.90 or 1.17%. The stock hit an intraday high of Rs.1799.70 and low of Rs.1750.60.

The total traded quantity was 0.87 lakhs compared to 2 week average of 1.98 lakhs.

TCS expands Europe presence, acquires Alti SA for Rs 530 cr

New Delhi: IT services major Tata Consultancy Services ( TCS) today said it has completed the acquisition of French enterprise solutions provider Alti SA, a move that will help the Tata Group company to expand its reach in Europe.

In April this year, the Mumbai-headquartered company had announced it will acquire Alti SA for 75 million euros (about Rs 533 crore) in an all-cash deal to help transform TCS into a major player in France — the third-largest IT services market in Europe.

The acquisition gives the firm access to blue-chip French and European clients in banking, luxury, manufacturing and utilities sectors.

Reuters

“TCS CEO and Managing Director N Chandrasekaran and ALTI’s founders signed the final agreement to commence the integration of ALTI into TCS’ operations in France. The acquisition had been initially announced in April 2013,” TCS said in a statement.

Alti SA is regarded as one of the top five system integrators of SAP solutions in France. It includes several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers, it added.

“Today is a historic day for our company in France, which will see us emerge as a much stronger player in the local market and which sets the platform for our future growth in the region,” Chandrasekaran said.

As a long term strategic market for TCS, with leading edge infrastructure and a highly skilled engineering talent pool, France was a natural destination for the company to invest in towards our future growth, he added.

“The important investments made by TCS in its two sites in France (Ile-de-France and Lille) since February 2013 are true testimonials to the capability of France to welcome and integrate companies from abroad that have installed themselves on our soil,” French Republic Minister for Economic Regeneration Arnaud Montebourg said.

Assessed at over 30 billion euros, the France IT services market is the largest in Europe, after the UK and Germany. TCS has been operating in France since 1992 and has over 50 clients in the country.

Earlier, Alti SA was a privately-held company owned by its management and two private equity funds, CM-CIC LBO Partners and IDI, which supported its growth from a revenue base of 64 million euro in 2007 to 126 million euro in 2012.

Regarded as one of the top five system integrators of enterprise solutions in France, Alti’s key customers comprise several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors.

The company has 1,200 employees based in France, Belgium and Switzerland.