Palo Alto, CA 24th April, 2006
Each year Frost & Sullivan presents this award to a company that has demonstrated excellence in all operations. The award is based on numerous factors including the company's business development, competitive strategy and leadership within a particular Frost & Sullivan Industry Research Group (IRG). This company is perceived to exhibit outstanding management, consistent growth and positive economic impact on customers.
"Tata Consultancy Services' experience and expertise in offering cutting-edge solutions in the areas of enterprise management, through its Engineering and Industrial Services (EIS) business has enabled it to emerge as a preferred global diversified technology services provider catering to the manufacturing industry across multiple verticals," says Frost & Sullivan Research Analyst Sanjeev R Sridharan. "
TCS, with its global presence and Global Network Delivery ModelTM, enables multinational manufacturing companies to consistently meet their operational and business objectives in product development, product realization, production management and capital asset management. With the deep industry expertise and wide service offerings of the engineering and industrial services business, TCS has managed to emerge as a valuable partner to the manufacturing industry. It has a unique ability to standardize processes on a global platform, replicate best practices globally to maintain a high standard of quality in execution of complex programs and scale. TCS generates 19% of its revenues from the manufacturing industry, and 6% of its revenues from its Engineering and Industrial Services (EIS) business, which extends to sectors beyond manufacturing.
"Operating in the services domain where customers have a large array of choices, it is to TCS' credit that it has been able to generate extremely high volumes of repeat business," notes Sanjeev. "Apart from its excellent customer feedback, TCS needs to be applauded for the widespread appreciation it has received from large software providers who have gained from their strategic product and business alliances with TCS."
In recognition of its ability to consistently provide profit impacting innovative solutions and services to its customers and thereby deliver unprecedented value to its customers and shareholders, Tata Consultancy Services Limited is the worthy recipient of Frost & Sullivan's 2006 Company of the Year Award in the IT services space for the manufacturing industry.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting, engineering services and business process outsourcing. Known as the "Global Delivery Model," this strategic services delivery concept has reshaped the IT services industry.
More than 95% of TCS customers reward the company's reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 62,000 of the world's best trained engineers and consultants located in 34 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information:www.tcs.com
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. To learn more about Frost & Sullivan's Best Practices program please visit http://www.awards.frost.com or http://www.industrialautomation.frost.com.