Tata Consultancy Services is founded. The initial assignments include bank reconciliation services, payroll and accounting for several Indian companies including from the Tata group

Tata Consultancy Services

Wins a project from an electric company in Iran, the first overseas assignment

Partners with Burroughs Computer to sell and service its systems in India and to develop software for its machines worldwide

Delivers a financial accounting solution for a housing society in the UK on behalf of Burroughs, the first full software development lifecycle project

Crosses $1 million in revenues

Parts ways with Burroughs Computers; pivots as an independent software entity

Sets up the New York office, the first sales office overseas

Sets up Tata Research Development and Design Centre in Pune, India's first software research centre

The Beginning of TCS’ Research and Innovation Journey

Engages with Swiss National Bank for the first offshore project from TCS Delhi

Sets up the IBM Centre of Excellence in Chennai; the IBM 3090 Mainframe opens up several mainframe opportunities

Signs the Swiss Securities Corporation deal for the world's first real-time securities clearing and settlement system

Sets up the core banking platform for India's newly created National Stock Exchange

Faqir Chand Kohli retires; S Ramadorai takes over as CEO

Participates in the Y2K rectification opportunity

Sets up the ebusiness division in Mumbai, which grows to $500 million in five years

Sets up the first nearshore development centre in Budapest, Hungary

Launches Ultimatix, a company-wide ERP system

Crosses $1 billion in revenues, the first Indian IT services company to achieve the milestone; articulates vision statement of Global Top 10 by 2010

Issues an IPO; lists on Indian bourses and becomes the third-most valuable company immediately

Wins $847 million deal to provide insurance back-office transaction processing services to the UK-based Pearl Group (later renamed as the Phoenix Group).

Partners with the Government of India to reimagine passport services; also acquires Citigroup's back office operations in India for $505 million

Dial T(CS) for Passport

N Chandrasekaran takes over as CEO and Managing Director; achieves Global Top 10 goal, a year ahead of target

Launches TCS iON, a pay-per-use IT-as-a-service offering for SMEs in India.

The Game Changer

Crosses $10 billion in annual revenue

Launches a cognitive automation product, ignio™, that learns, automates and resolves problems in enterprise IT infrastructure systems autonomously

N Chandrasekaran elevated as Tata Sons chairman; Rajesh Gopinathan becomes CEO and Managing Director

N Chandrasekaran chairs first board meeting as Chairman of Tata Sons

Completes 50 years; ranks among the top 3 most valuable brands in the global IT services sector and named the fastest growing IT services brand by Brand Finance

TCS is named the second most valuable global IT services brand by Brand Finance

Tata continues to be the most valuable brand in India

TCS sees leadership change as K Krithivasan takes over as CEO and Managing Director.

Engineering Growth

Jaguar TCS Racing win the ABB FIA Formula Teams’ World Championships for the first time

An Electrifying Finish