TCS honored for outstanding contribution to the Germany-India economic relationship
Recognized for its investment and growth in Germany
FRANKFURT | MUMBAI, October 22, 2014: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, received the ‘Outstanding Contributor’ award from the Indo-German Chamber of Commerce (IGCC), in recognition of the leading role it has played towards progressing the economic relationship between Germany and India. The award was presented at the 58th Annual General Meeting (AGM) of the IGCC in Mumbai, which was attended by 500+ diplomats, VIPs, top executives of Indo-German joint venture companies, dignitaries from business, finance and trade media.
TCS was recognized for its investment in creating a strong local operation in Germany, which is contributing to strengthening the competitiveness of the German economy, while strengthening employment creation. The company has significantly expanded its presence in the country, with its revenues growing 134% in the country from 2010-2013 along with the recruitment of over 500 new positions in Germany during that period.
With offices in all major regions of the country (Frankfurt, Munich, Stuttgart and Berlin), TCS also runs a major delivery center in Dusseldorf and is the technology partner to over 80 companies, including many of the DAX30. In a survey done of CXOs across the country by Whitelane research, TCS has emerged as the #1 company in terms of customer satisfaction across its industry. It has also been the main partner to the BMW Berlin Marathon over this period, supporting the cause of wellness and community development.
Receiving the award, Saptha Chapalapalli, Director Central Europe at TCS said, “We feel honored that IGCC has awarded TCS with this prestigious award. Our strong engagement in Germany, with more than 5,000 employees serving 80+ customer organizations from all industries is one of the examples of the vibrant economic potential of the country In addition to industry leading IT services and consulting, TCS supports its German customers in redesigning their products and operations to better adapt them for high growth emerging markets such as India, China and Brazil.”
Bernhard Steinruecke, Director General at IGCC said, “The majority of German companies expect the Indian economy’s growth story to continue, but there are yet some barriers to overcome. Over the last 20 years, with numerous successful projects and cooperations with leading German companies, TCS has contributed significantly to overcoming many of these barriers, helping build a better understanding and mutual trust between businesses from both markets.”
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 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 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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