IT Firms speed up Patent Filing

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IT Firms speed up Patent Filing

The Hindu Business Line

We have defined an IP strategy with a view to building an effective portfolio and plan to monetise going forward,” said Ananth Krishnan, Chief Technology Officer, TCS.

With an IP strategy in place, TCS has stepped up its efforts in filing patents. “We filed for more than 30 patents in the June quarter and currently have some 200 patent applications pending in various jurisdictions,” Ananth said. TCS managed to save $26 million (Rs 125 crore) through its R&D efforts in the fiscal year 2009.

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