Tata Consultancy Services Chairman's Speech > Engineering - Heavy > Chairman's Speech from Tata Consultancy Services - BSE: 532540, NSE: TCS

Tata Consultancy Services

BSE: 532540|NSE: TCS|ISIN: INE467B01029|SECTOR: Computers - Software
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Chairman's Speech (Tata Consultancy Services) Year : Mar '15
Dear Shareholders,
 Ths fiscal year 2014-15 has btan a year of milestones and memories fur
 TCS. Your Company has continued to deliver strong performance has and
 further strengtheneded its position in key markets, it''s
 Industry-leading performance was achieved In an environment of currency
 headwinds and a fast changing Industry landscape; even as we move Into
 an economic and societal landscapewhere the Default Is Digital.
 The past year also marked 10 years since the IPO of your Company. To
 celebrate our journey In the past decade; the board of directors
 announced a special Dividend of Rs.40 per share on this occasion. This
 has taken the total dividended paid in FY15 to Rs.79 per share Including
 Rs.24 proposed as final dividend.
 The giant strides your Company has taken since our listing would not
 have been possible without the energy and dedication of over 319,080
 TCSers. The company announced a special one-time bonus of Rs.2,630crore
 for all TCSers with over one year of service In appreciation of their
 During the year, your Company grew annual revenues by 15.7% to
 Rs.94,648 crore, while profit after tax grew 14.3% to Rs.21,912 crore,
 excluding the Impact of the special one-time employee bonus, This
 further underscores the management''s focus on financial management and
 operating disciplinee. As a business, your Company continues to develop
 deepet, more strategic partnerships with global customers by playing
 the role of a full stakeholder in their business. Our ability to align
 ourteams to the customer''s business goals, together with one extensive
 domain and technology knowledge, has helped us remain relevant to our
 customers.  During the year, we added 5 clients to the Rs.100m 
 category, taking the total to 29 clients; while customers in the Rs.50 
 and Rs.20  million bands grew by 15 and 26 respectively, This
 underscores our ability to build long-lasting partnerships when we add
 value to the customers business chain on a sustainable basis and
 relterates our preparedness in newer services likes Digital.
 During the year, your Company has continued to elevate its position in
 key markets like North America, the UK, Europe, and Australia. Your
 Company continues to expand and strengthen its presence in new
 geographical markets, A significant milestone this year was the
 creation of Tata Consultance Services Japan Ltd. ate strategic joint
 venture with Mitsubish Corporation.  Japan is the world''s second
 largest IT market by spend and a very important componenet of our
 Integrated global strategy. TCS has strengthened its presence in Japan
 with 3,500 local associates, new customer relationships, and a partner
 with shared strategic vision and common values. India continues to show
 enormous future potential with the government embarking on several
 digital and e-governance , but like other emerging markets, the nature
 of demand continues to be volatile.
 We are at the begining of a new age where the Default is Digital - an
 Interplay of a phenomenon called Consumerisation  of IT by a set of
 technologies commonly referred to as Social, Mobile, Big Data &
 Analytics Cloud, and AI & Robotics, Like the internet revolution and
 the PC revolution before that, this began as a technoiogical change but
 is rapidly transforming into a sociological change, driving and
 impacting practically every facet of our lives, and work.  Today''s
 systems are being shaped by technologies like machine learning and
 automation; manufactoring is moving to customised 3D printing;commerce
 is moving online. Such transformative changes are the drivers of
 today''s global economy, disrupting many traditional firms and indeed
 industries, driving businesses to change and adapt.
 Your Company has been at the leading edge of the Digital revolution
 since its inception and has been investing steadily across the spectrum
 of technologies and domain- led solutions. We anticipated Digital as
 being a significant transformation opportunity for all our clients
 across many dimensions of their business. Going forward, new concepts
 like service-as-a-software, agile platforms and artificial intelligence
 will play a bigger role in enterprise IT and your Company is well
 positioned to play a significant role in this journey.
 With over 319,000 professionals across 60 countries to achieve this, we
 are building a Digital organisation that is always learning. I am proud
 to report that on average an employee of your Company spent 10.3 days
 on training overthe last twelve months. Over the last one year,TCSers,
 including the 23,875 graduates hired, have undergone 259 million days
 of online training in technologies and domains and over 72,000 new
 certifications were granted to them. Our simplified processes have
 empowered employees in their ability to control more aspects of their
 working lives. At the same time, your Company continues to use
 real-time analytics to track behaviours and impact and make changes as
 The Digital theme is beginning to dominate what is happening across all
 facets of society. In some of the following pages, we have attempted to
 provide glimpses of the type of impact these Digital technologies like
 mobile and social are having on the manner in which we engage with and
 hire talent from universities and how we use technology to serve our
 customers. Digital is also having a big impact on applications that
 help alleviate some of society''s pressing problems.
 FY15 was also a year of memories for your Company and it is my pleasure
 to share some of these achievements with you.
 - Your Company was proud to become one of the few organisations in the
 world employing more than 100,000 women. Our talent pool''s gender
 diversity ratio of 33% is something we are all proud of and we hope to
 see more successful women leaders emerge in the future.
 - Your Company created a record on the Indian bourses by becoming the
 first Indian company to cross five lakh crore or five trillion rupees
 in market capitalisation In 2014.
 - Your Company''s contribution to the communities where TCSers live and
 work is also increasing in scope and scale - micro-projects in
 education, health and skills development In cities and communities in
 India, USA, the UK, Australia, and many others. I am proud to say that
 your Company contributed approximately Rs.20 crore, including a generous
 voluntary contribution of 74.5 crore byTCS employees, to relief
 operations in natural disasters like the J&K Floods relief operation
 and the HudHud Cyclone relief in Andhra Pradesh.
 On a national scale, your Company has pledged T100 crore to the''Swachh
 Bharat, Swachh Vidyalaya Abhiyan''to build dedicated sanitation
 facilities for girl students in adopted government schools. The program
 is being rolled-out in a phase-wise manner, with 860 schools targeted
 in Phase-1.
 Internationally, our action agenda focuses on STEM education in
 developed markets - where there is a lack of skilled talent in areas
 like math and engineering - through policy initiatives, technology
 platforms and school outreach activities. We are also focused on health
 as well as wellness in society through your Company''s participation in
 marathons across key global cities like New York, Amsterdam, Chicago
 and Mumbai. We are extending popular TCS programs like Fit4life to the
 community by organising campus and corporate running programs.
 As an organisation, your Company continues to be driven by a strong
 performance ethic and a strong set of values and behaviours and is
 committed to delivering excellence to its stakeholders. Our investments
 in our people, capabilities, technology and infrastructure continue to
 ensure that your Company remains relevant to our customers and close to
 their business.
 I look forward to your support and encouragement to help your Company
 scale newer heights in the coming years. Lastly, I would also like to
 thank all TCSers for their professionalism and focus that have made
 these achievements possible.
 With warm regards 
 N Chandrasekaran
 Chief Executive Officer and Managing Director 
 May 21,2015
Source : Dion Global Solutions Limited
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