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Bangalore: In a move that could bring a smile to many faces, Tata Consultancy Services (TCS) has announced that it will hire 25,000 people globally in 2009, with 90 percent of them in India alone. Though the number is bigger when compared to the hiring these days, it is less than last year when TCS appointed around 35,000 people.

With this recruitment drive, TCS also plans to expand its presence into the tier-II cities in India. “We will be hiring 25,000 people this year, which means roughly 25 lakh square feet of work space required and, therefore, we need to grow outside the metros. Tier-II cities are our only focus for expansion in the country as the top rung are clogged and saturated,” said Tanmoy Chakrabarty, Vice-President and Head of Government Industry Solutions unit at TCS.

Following this hiring spree, the total global manpower of TCS would go up to more than 1.8 lakh. This will put the IT services provider among large private Indian employers like Tata Steel, which has the total employee strength of two lakh. Going forward, the company, which has an estimated 32 percent market share, plans to cash in on the Indian government’s plan to invest Rs. 40,000 crore on IT services.

Currently, 70 percent of the IT segment’s revenue is from India, while the rest comes from the U.S., Latin America, Africa and South East Asian countries. However, the revenue contribution from Indian government businesses to the total company revenue of $6 billion is less than five percent, which the company intends to increase to more than 10 percent in the next three years.

Scam-tainted Satyam Computer Services, which lost out on an earlier BSNL ERP contract due to its inability to produce a Letter of Comfort from any bank, is once again in the race for BSNL’s mega outsourcing deal.

The contract entails implementation of operational support systems and billing support systems for the 93 million new GSM lines that Bharat Sanchar Nigam Limited (BSNL) is adding. The contract has been pegged at $1.2 billion.

The companies in the fray, apart from Satyam, are:Indian IT majors Tata Consultancy Services, Infosys and Wipro, along with HCL Infosystems, Tech Mahindra, and Spanco Telesystems.

TCS, HCL and Tech Mahindra have bid for all zones. Spanco has bid for north and west zones, Infosys for west and south, and Wipro and Satyam for east and south zones.

The estimated budget for each zone is Rs 1,500 crore.

Beijing November 17, 2008 — Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) a leading IT services, business solutions and outsourcing organization, today announced the inauguration of its latest Global Delivery Center in Tianjin. The 300 seat delivery center at Tianjin is TCS China’s fourth global delivery center in China after Beijing, Shanghai and Hangzhou.

The Tianjin center will support local business opportunities as well as Business Process Outsourcing (BPO) opportunities for the Japanese, US and European market. This is in line with Tianjin’s ambition to become a world class hub for global BPO operations.

TCS also announced that it had established its first office in Shenzhen targeting the boomi ng South China market to tap local, regional and global business opportunities.

Girija Pande , Executive Vice President and Head, Asia Pacific Operations, Tata Consultancy Services said, “The Tianjin and Shenzhen facilities are strategic investments to strengthen our information technology infrastructure in order to leverage the local talent pool. These facilities will help us service the vibrant local market and support our international operations in Japan, US and Europe. This also reiterates our long term commitment to developing China as a strategic location in our off shoring and outsourcing value proposition.” He added “The Tianjin delivery center is an integral part of our Global Network Delivery Model™ which includes large delivery centers in India, Latin America, North America, Europe, all of them providing a quality of service and a certainty of outcome that our customers have come to expect from TCS.”

TCS continues to hire talented engineers and IT professionals from the region and its universities, strengthening its existing base of over 1,300 employees in China. The Tianjin facility will also serve as a extended Center of Excellence for Microsoft, Oracle and SAP to meet the unique technology needs of the customers. TCS has established Oracle and SAP center of excellence in Hangzhou and Shanghai

With its first branch established in China back in July 2002, TCS was the first Indian IT company to begin operations in China. Since then TCS has continued to pursue opportunities in the China market and has integrated itself into China’s development. TCS China can offer a unique value proposition of near shore, multilingual IT services delivery & quality to Manufacturing, Telecom, BFSI, Transportation and Retail organizations in China.

TCS provides best in class IT services to 30 large customers from financial sector, manufacturing, telecommunications, and government sectors in China. TCS operations based in the Hangzhou Binjiang Hi-Tech Industry Development Zone have been awarded the 2007 Hangzhou Best HR Award for its excellence in HR practices and Best Performing Company Award by the District Personnel Bureau of the Hangzhou Hi-tech Industry Development Zone.

Source: TCS

TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), has launched TCS BaNCS Core Banking v10.

According to the official press statement, TCS BaNCS Core Banking version 10 has functional enhancements in the areas of lending, deposits, Islamic banking, origination, preferential pricing, securitization, trade finance, and treasury. It also features the business rule-driven TCS BaNCS Origination product.

“With the benefit of advanced SOA, this version can drive any bank’s efforts to transform operations, enhance customer service levels, drive new product development, enable targeted revenue growth and also achieve lower TCO,” said N. Ganapathy Subramaniam, president of TCS Financial Solutions.

Some other features include the ability to support business process orchestration using industry standard middleware products, multiple touch points for consistent user experience across multiple channels such as branch outlet, self service via the web, call center, IVR, and mobile banking, etc.