India's top IT services exporter, largest IT employer, and largest Indian IT company by market capitalization Tata Consultancy Services is the pioneer of the IT sector in India.
India's tech industry started in 1967 with the establishment of Tata Consultancy Services, which partnered with Burroughs in 1977 to create IT services export from India.
The company was started as a division of Tata Sons on April 1, 1968, as a management and tech consultancy that would create demand for computer services. FC Kohli was appointed as General Manager to run the startup.
Recently, it crossed a significant milestone of 200 billion USD in market capitalization. It took 13.5 years for TCS to get the 100 billion USD market cap, while the next 100 billion USD took only 3.5 years.
Key points in TCS' timeline
1968 - The company started as a division of Tata Sons on April 1, 1968, as a tech consultancy startup.
1970 - TCS acquired Internationa Computers Ltd (ICL) and had to commit to the government to export double the value of the imported computer.
- Started building software for financial accounting, share registry work, sales analysis, and provident fund accounting.
1974 - The company executed its first project involving the entire software development lifecycle.
1981 - As a part of FC Kohli's farsighted vision, TCS built Tata Research and Design Development Center in Pune, India, focusing on software engineering.
1983 - The company signed a deal with Swiss National Bank in its first and largest offshore project done out of Delhi Center.
1988 - Launched the integrated Standard Banking System, which automated branch banking functions and customer services. Many banks quickly adopted it in the country.
1992 - TCS launched the core trading platform for the newly started National Stock Exchange, changing India's financial markets.
1997 - Quartz, a world-class wholesale banking software, was launched in collaboration with three Swiss banks.
2001 - It implemented the largest banking project in India for the State Bank of India across its 13000 branches.
2004 - TCS debuted on the stock market through IPOs. Priced at Rs. 850 per share, the shares listed on the stock exchange at Rs. 1199, making it the third most valuable firm in the country then.
2008 - It signed a deal worth Rs. 10 billion with the External Affairs Ministry of India for the Passport Automation Project.
2009 - N Chandrasekaran, a man with vision, took charge as the CEO and MD.
2014 - In Riyadh, the company started Saudi Arabia's first all-women BPO center, and soon after women workforce in the company crossed the mark of 1 lakh.
2017 - N Chandrasekaran became the Chairman of Tata group, and then CFO Rajesh Gopinathan was appointed as TCS' CEO and MD.
