TCS says digital strategy key to driving double-digit growth

Going forward, Gopinathan pointed, almost everything the company does will have a digital footprint. Digital solutions are integrated across the spectrum be it wealth management in banking or using new age technologies for its applications.

While a majority of the work involves helping enterprises move their infrastructure to the hybrid cloud, enterprises are investing in the digital payment-related transformation that includes embedding payment gateway in frontend applications and also the backend.

In an earlier interaction with Moneycontrol, Chirajeet Sengupta, Partner, Everest Group, that TCS has always been good at IT modernisation. “Now what is happening is as TCS matures its capabilities, they are trying to move aggressively in the whole business transformation of digitalisation. They are having some strong initial success," he added.

TCS is also seeing increasing visibility in blockchain, especially in the insurance settlement space through its blockchain application Quartz.

TCS’ India portfolio has seen significant growth at the back of its robust digital strategy. TCS’ India revenue grew 15.9 percent year-on-year as the company’s participation in public sector digital projects increased. Gopinathan said, the company’s participating and getting nation building new projects from the government.

Recently, TCS was selected by the Reserve Bank of India to implement its centralised information and management system (CIMS). The project cost is close to Rs 300 crore. Other competitors for the project include IT majors Infosys and IBM. CIMS will have a data warehouse and Data Lake (DL) that will collect data from regulated entities.

Even as the company’s digital portfolio grows big, Gopinathan said the structured break up of its digital revenue has to wait as “a lot of services are continuously changing and converging.”