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TCS Software company history timeline

1991

In 1991 TCS launched a user-friendly accounting software package called E.X. in India, which went on to become a market leader in India in subsequent years.

1992

In 1992 TCS set up the core trading platform of newly created National Stock Exchange, Which changed the way capital markets worked in India.

1995

TCS launched the Network Custody Systems (NCS) in 1995 in partnership with Standard Chartered Bank in Singapore.

1996

After 22 years at the helm during which he built and shaped the company, F C Kohli stepped down from his executive role in 1996 and was named Vice Chairman.

1998

In the year 1998 they started virtualization of business.

2000

- Tata Consultancy Services & Infosys have emerged as the leading Indian software exporters during 2000-01, clocking exports worth Rs 2,870.26 crore & Rs 1,852.94 crore, respectively.

In 2000 TCS unveiled a new $2 million global e-business development facility at Mumbai.

TCS’ Integrated Quality Management System (iQMS™) integrates process, people and technology maturity through various established frameworks and practices including IEEE, ISO 9001:2000, CMMI, SW–CMM, P–CMM and 6–Sigma.

2001

2001 - The Comp. has signed an MoU with the Indian Institute of Technology, Madras to set up a Centre of Excellence on computational engineering.

In 2001, TCS won the largest banking software project in India.

2002

Secretary and Compliance Officer of Tata Construction and Projects Ltd has resigned from the services of Comp. wef from the close of office hours on July 31, 2002.

Likewise, TCS Signed the first $100 Million deal with GE Medical Systems in 2002.

In the year 2002 they expanded their geography into new growth markets like China/ Uruguay.

2003

In 2003 TCS became the first Indian software company to cross one billion dollars in revenue.

2005

- Tata Consultancy Services [TCSs] becomes country first IT Comp. to cross the $2 billion mark as it closed fiscal 2005 with Rs 9,748.47 crore in revenues.

2006

- Tata Consultancy Services Ltd [TCSs] has informed that the Board of Directors of Comp. at its meeting held on November 02, 2006 has appointed Mrs Laura M Cha on the Board of Comp. as an Independent Director.

2008

-Tata Consultancy Services Ltd [TCSs] on April 05, 2008 has announced that it has signed a new multi-year contract with Chrysler LLC to provide a comprehensive portfolio of IT services.

2010

In June 30 2010 Syscrom S.A. Chile merged with Tata Consultancy Services BPO Chile SA a wholly owned subsidiary of TCS Inversiones Chile Limitada.

During the year 2010-11 the company set up five subsidiaries namely MahaOnline Limited Diligenta 2 Limited MS CJV Investments Corporation Retail FullServe Limited and CMC eBiz Inc.

2011

Achievers 50 Most Engaged Workplaces in US Partner Impact Awards from SAP 2011 Eaton Premier Supplier Award 'People Choice' award from the US National Science Foundation etc.

Tata Consultancy Services announced the launch of TCS BaNCS Core Banking Release 12.0 at the annual flagship event for banking and capital markets, SIBOS 2011, in Toronto.

2012

TCS Crossed $10 billion in revenue in 2012.

During the year the company was Designated a Leader and 2012 Star Performer in Capital Markets Application Outsourcing by Everest Group Research.

2013

The company bags prestigious contract from UK Home Office Department during the year under review.In 2013 the company was placed as a Leader in Oracle Application Management Services by Leading Research Firm.

2014

On 16 October 2014 the Board of Directors of TCS and CMC approved merger of CMC with TCS. The swap ratio for the merger was fixed at 79 equity share of Re.

In 2014 TCS announced to set up largest Corporate Learning Center in Thiruvananthapuram with a capacity to train 50,000 IT professionals every year

2015

Their most recent investment was on Dec 18, 2015.

2017

Tata Sons Ltd owns 70% of TCS as of 2017.

TCS ranked 10th on the Fortune India 500 list in 2017.

Uber gets into damage control with the story of a changed company post 2017

2018

Their most recent acquisition was The BridgePoint Group on Nov 28, 2018.

The company was voted the Overall Most Outstanding Company in India in Asiamoney's 2018 Asia's Outstanding Companies poll.The company was named the Fastest Growing Brand of the Decade in IT Services globally by Brand Finance.

2019

There were no employees or business operations in the dissolved subsidiary.The Company has 50 subsidiaries as on 31 March 2019.

On 26 June 2019 pursuant to exercise of put option by Mitsubishi Corporation Tata Consultancy Services Asia Pacific Pte.

2020

Ltd. acquired additional 15% stake in its joint venture with Mitsubishi Corporation in Tata Consultancy Services Japan Ltd.TCS Financial Solutions Australia Holdings Pty Limited was deregistered with effect from 29 January 2020.

2021

The settlement of all valid bids was completed on 05 January 2021 and the equity shares bought back were extinguished on 06 January 2021.

At 1.79 million, demat accounts opened in June fewest since Feb 2021

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Founded
1990
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Headquarters
Dublin, OH
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