India’s biggest outsource company achieved to become a 100 billion dollar company when it comes to market capitalization. Company’s shares rose to 7% making investors gaining more than 40,000 crores in a day. Backed by Tata group, Tata consultancy services made almost 6.50 lakh crores to BSE data. TCS’s 85% of market value is owned by Tata group which in itself is one of the top leading companies in India. Besides this positive response from the market, Tata group also had another reason to celebrate as it completed its 150 years of hardwork and dedication this year.
Back in 2004, Company started its IPO at Rs. 850 per share. In less than a year, Its market touched $10 billion-mark. The goals kept increasing as in 2010 its value went up to 25 billion rising to thrice in 2014 to $75 billion. Legacy of the Tata group is not hidden as well. Found in 1868 in Mumbai, Jamsetji Nusserwanji Tata was a visionary entrepreneur, an avowed nationalist and a committed philanthropist who helped pave the path to industrialisation in India by seeding pioneering businesses in sectors such as steel, energy, textiles and hospitality.
With a mission to improve the quality of life of the communities, Tata group serves globally through long term stakeholder value creation based on trust and leadership. One of the biggest reasons for the tremendous success includes company’s core values. With a fair, honest and transparent mechanism, everything done by Tata group stands the test of public scrutiny. Unity and excellence ensures that what people invest in company goes back to them and also builds a collaborative relationship based on trust and mutual respect. Company tries to achieve world class standards in all aspects of operations performed in the group. With a mechanism of different fields like Tata Business Excellence Model and Tata business Excellence group, Company’s model and support is taken care of. Tata has won many awards so far and has also got recognition form JRD QV award function during annual group leadership conference. With such a huge firm at TCS’s back, a positive success rate seems to be obvious. Although other companies like Tech Mahindra, HCL, Infosys and Wipro also gained some good percentage in BSE index bringing it up to 4.80% high in last few days. TCS reported an increase of 4.4% in March quarter with a net profit of more than 6,900 crore.
Company announced a 1:1 bonus of shares and dividends of Rs. 29 a share, which took a total payout to shareholders at Rs 50 for the year. It has given out close to Rs 26,000 crore to the shareholders in dividends and bonuses in the year. In terms of dollar, TCS reported a 11.7% year-on-year increase and CEO Gopinathan expressed himself by saying "We're glad to announce we're back to double digit trajectory on dollar revenue growth," in another interview he mentioned "The ability to transform comes from our ability to participate right from the back-end to the front-end and have a full spectrum of solutions." With such a dedicated team and strong dedicated visionaries, TCS seems to have a bright and successful future!
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