TCS - Chennai Situation Update
Mumbai, December 11, 2015: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization provided an update today on its operations in Chennai, after sustained heavy rainfall led to severe flooding conditions across the city last week leading to major disruptions in its ability to function.
Chennai is one of the company’s largest delivery locations, with over 65,000 employees. Other than mission critical activities, the normal business functioning of our facilities in the city had to be halted all week since December 1 due to extreme weather conditions and subsequent flooding.
Through the crisis, TCS adopted a focused approach with two main objectives: One, keeping our employees and their families safe and secure; Two, ensuring no disruptions to our customers’ critical operations.
TCS has already announced a number of relief measures to help its affected employees recover, rebuild and reboot their lives and is engaged in rehabilitation measures for the community.
TCS teams have worked very hard to ensure that our customer’s mission critical operations have continued to function smoothly by deploying a robust Business Continuity Plan which leverages other TCS centers in India and overseas. An operation control center was also set up to coordinate all efforts and ensure availability of supporting infrastructure on a 24*7 basis for the key teams supporting customers where needed.
While majority of facilities in Chennai opened for normal business functioning on Monday, December 7, 2015, attendance rates were lower than normal as employees were still recovering from the flood’s aftermath.
This is expected to have a material impact on the company’s revenues in the seasonally weak third quarter ending December 31, 2015.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 335,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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