TCS Honored with CII Industrial IP Award 2020 for Best Patents Portfolio

Tata Consultancy Services was Recognized for Generating, Protecting and Commercializing Intellectual Property to Fuel its Business and Economic Growth 

MUMBAI, December 23, 2020: Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting, and business solutions organization, has won the award for the Best Patents Portfolio in the Large Enterprises (Information and Communications Technology and Services) category  at the Confederation of Indian Industry (CII) Industrial Intellectual Property (IP) Awards 2020. This is the fourth consecutive year that TCS has won this award.

The CII Industrial Intellectual Property Awards recognize organizations that foster a culture of IP and its commercialization, bring the achievements of enterprises into the public domain, help set up linkages with academic and research institutions in India and abroad, inform the Government about IP-driven enterprises to engage with in policy making exercises. The jury for these awards was chaired by eminent scientist, Dr Raghunath Anand Mashelkar, and consisted of leading academicians, consultants and experts with established credentials in the field of IPR from India. 

TCS has built a culture of innovation and has made sustained investments in picking up promising new ideas from across the organization and developing them into prototypes, resulting in an industry-leading portfolio of intellectual property and a differentiated positioning as the preferred transformation partner to leading enterprises across the world. 

Additionally, it has put in place robust processes and supporting structures to manage and scale up the development of intellectual property to harness the power of digital technologies and build innovative solutions that provide competitive differentiation and strategic value to its customers. TCS has filed 5,500 patent applications and has been granted 1,593 patents, as of September 30, 2020. 

It is a great honor for TCS to receive the CII Industrial IP Award 2020. This is a recognition of our commitment towards creating intellectual property for business impact, economic growth and digital transformation in India and globally,” said K Ananth Krishnan, CTO, TCS.

In today’s competitive business environment, patents have become vital to protect and safeguard technological innovations. Our award-winning IP4.0 framework has helped drive our visionary innovation model to accommodate specific market and customer needs and connect the germinated ideas to offerings that can be taken to the market to create differentiated products and accelerate our customers’ growth and transformation journeys,” said Dr Santosh Mohanty, Global Head, Components Engineering Group, TCS

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 453,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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