Most of the Indian IT companies have struggled to build base in foreign markets dominated by homegrown companies but the story is different for Tata Consultancy Services (TCS). India’s largest IT services exporter Tata Consultancy Services (TCS.NS) has managed to feature in top 10 global IT services companies club.
As per the new report by a consultancy firm, TCS now features under top 10 global IT services list.
The driving force for the company is its more than 40 years of experience that adds real value to global organizations through domain expertise. This has helped it move upward from the 13th position in 2012 to the 10th place in 2013. What interests company workers and TCS well-wishers is that the ranking could get even better in the coming years, considering the pace at which it is growing compared to its global rivals.
Jamie Snowdon, executive VP of research operations at HfS Research, the consultancy firm that compiled the ranking says,
“Talk to any incumbent western service provider today, and the one making them all tremble from the sub-continent is TCS. Tata Consultancy Services is frequently seen as being the most flexible service provider on pricing and terms, and has a developing reputation for winning any deal anywhere in the world at any price, if it really wants.”
The research compares IT services, and excludes other areas such as BPO, R&D services and software/hardware products. And it uses figures for the four quarters of calendar year 2013.
TCS shot up to 10th position, displacing CGI- a Montreal-based IT services firm. Other IT Indian-based companies like Cognizant, Infosys, Wipro and HCL secured 15th, 18th, 20th and 25th positions, respectively.
Recently, TCS (Tata Consultancy Services) also announced a new IT services entity in Japan in a joint venture with Mitsubishi. The new company, TCS Japan, will be formed by merging TCS’s current Japan unit with IT Frontier Corporation (ITF), a wholly owned IT subsidiary of Mitsubishi, and another joint venture, Nippon TCS Solution Center. Looks like the Indian companies have started gaining foothold on the foreign soil.