One of Tata's oldest companies, established in 1968, after settting a dominant foot over the domestic IT market, it began its global expansion in 1974 at New York, USA. By 2004, it became the first Indian company to surpass the $1 billion revenue mark. Approximately 50% of its current revenue is generated from global markets, with primary revenue drivers being Banking Financial Services and Insurance (BFSI), Life Sciences and Healthcare, Technology Development and Maintenance, Communication and Media, and IT Enterprise Consulting.
The ownership structure of this company is skewed, with promoters holding 72.3% of the stake through five entities as of June 30th, '23, while domestic institutions hold 9.86%, foreign institutions 12.46%, and the remaining owned by the common public and government (0.002% - government). This ownership pattern ensures total autonomy of decision making. This structure, along with its impressive track record, has been instrumental in its success journey, making it a leader in the IT industry and financially robust. Additionally, it has made significant contributions to other Tata firms during their respective crises.
The company has a consistent history of equity buybacks and issuing dividends, enhancing value for shareholders. Maintaining consistently high returns on equity further enriches the firm's standing.
Currently, the company is led by:
Natarajan Chandrasekaran, who has over 30 years of industry experience, having joined TCS in 1987 and serving in various roles before becoming CEO on October 6th, '09.
K. Krithivasan, the current CEO since March 16th, '23, has overseen revenues of $27.9 billion and manages over 600,000 associates across 50 countries.
N. Ganapathy Subramaniam, the current COO since February 2017, also serves as Chairman and additional director at TATA Elxsi. He joined TCS in 1982 after completing his Master's in Mathematics from the University of Madras.
Samir Seksaria, serving as CFO since May '21, has been with the firm since 1999, having graduated from Narsee Monjee Mumbai.
Date : 19th Feb '24; Source - Web, Annual reports
LR
As a die hard TATA fan, I highly recommend people to read the following book - https://www.tata.com/about-us/books/the-creation-of-wealth There are so many companies which were made in India, and then there is TATA Group of Companies, which made India ❤️