TCS Commits to Continue Investing in the UK Economy

Tata Consultancy Services’ Investment Plans Include Hiring 1,500 Technology Employees in the UK to Sustain its Leadership in Powering UK Businesses’ Sustainable Recovery and Growth

LONDON | MUMBAI, February 10, 2021: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organisation, has announced that it will recruit 1,500 technology employees across the UK over the next year.

The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, where they discussed the company’s commitment to continue investing in the UK’s economy, innovation, technology sector, and in developing workforce skills.

The announcement builds on TCS’s rich 45-year history in the UK. By partnering with some of UK’s largest corporations in their growth and transformation initiatives and helping them harness the power of emerging technologies to launch new innovative products and services, TCS has been an integral part of the UK economy’s initiatives to remain globally competitive.

Consistently ranked number one in customer satisfaction by its UK clients in one of Europe’s largest independent surveys, TCS has grown its business in the UK almost four-fold over the last decade entirely organically, making it one of the largest providers of IT and IT-enabled services in the nation.

TCS is also one of the UK’s largest recruiters of IT talent. Its UK workforce is a young and diverse one, with 54 nationalities represented. Women make up 28% of the workforce, much higher than the 17% average in the IT sector. TCS is a Top Employer, named among the Sunday Times Top 25 Best Big Companies to Work For, and the Sunday Times Top Graduate Recruiters.

Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “This development builds on the great work TCS is delivering to our UK customers. Our sustained investments have made TCS the preferred growth and transformation partner of our valued customers in the UK, allowing them to digitally transform their business for competitive growth.”

Liz Truss, UK Secretary of State for International Trade, said: “India is the world’s biggest democracy and a nation that shares our belief in free enterprise. Deeper trading ties will create opportunities for UK businesses that were simply not there as part of the EU, and set the stage for a much closer partnership with one of the economic powerhouses of the present and future, ensuring more investors like Tata Consultancy Services bring jobs and growth to the UK. We will be collaborating much more closely in the industries of tomorrow like science, tech and green growth, so we can build back better and deliver an export-led, investment-led, jobs-led recovery from coronavirus.”

Amit Kapur, Country Head, TCS UK & Ireland, commented: “The UK has been an important market for TCS for many years. Our success here has come from our single-minded focus on creating value for our customers through a model that attracts, trains, retains and engages the brightest talent that UK offers, while discharging our social and environmental responsibilities. We are creating thousands of well-paying jobs in communities across the UK, rejuvenating local economies and providing visibility to young people around long-term careers in technology.”

Equally committed to giving the UK’s young people quality jobs and opportunities, TCS STEM skills programmes have reached more than 150,000 young people in the UK in the last three years and in 2020, with Queen Mary University of London, the launch of TCS Digital Explorers Bursary, provides financial assistance to undergraduate students from low-income families.

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 Agile^TM 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 469,000 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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