TCS Ranked in Top Two Amongst IT Service and Outsourcing Firms in China
TCS advances in leading annual poll pitting global peers in China market
Mumbai | Beijing, November 6, 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, has been ranked second overall in the prestigious annual “TOP20 Service Outsourcing MNCs in China” poll conducted by Chinasourcing and Devott Service Outsourcing Research Center. This is the fourth consecutive year that TCS has been recognized on the list, and this year’s number two rating advances from number seven last year.
The “TOP20 Service Outsourcing MNCs in China” award recognizes the leading service outsourcing multinationals (MNCs) operating in the China market. It is granted after several months of selection process that incorporates stringent criteria and processes. Companies are evaluated based on their operational efficiency, managing ability and scale of operations.
"TCS, a part of the prestigious Tata group, provides high-quality IT and BPO services to more than 70 global and domestic companies in China with its professional and superior quality IT and consulting services and systematic business solutions. The organization is committed to Smart City Solutions and Banking & Financial Services, which are in tune with the latest needs of the China market,” said Sha Qi, Vice President, Devott Service Outsourcing Research Center. “Our focus on improving clients’ value and developing the global network delivery model has been highly valued by the Chinese government and TCS has proved itself in these areas. TCS China has also taken upon itself to foster a large number of local talent, thereby playing a leading and demonstrative role in the China service outsourcing industry and enterprise development. These outstanding achievements have contributed to TCS being ranked Number 2 among the TOP20 Service Outsourcing MNCs in China.”
“We are delighted to be recognized as a top service outsourcing provider in China, for the fourth year in a row,” said Vish Iyer, President, TCS Asia Pacific. “Being ranked so highly on the TOP20 list exemplifies TCS’ position as a leading player in the local IT and outsourcing services market, and shows that the industry recognizes the resources, capabilities, investments and outcomes that TCS delivers to ensure our customers’ success in China.”
This year’s award was presented at a high profile ceremony held in Chengdu, China on September 26, 2013. The complete list of winners, evaluated for year 2012, is available at http://www.chnsourcing.com.cn/special/2013/mnc/ (the site is in Chinese).
The Top20 award is the latest amongst a series of high-level recognition for TCS China. In July, TCS China was awarded the “2013 Top 10 Global Service Providers in China” by the China Council for International Investment Promotion (CCIIP). TCS has been expanding its presence in China since 2002, the year the company entered the country as the first Indian IT company. It is the first WOFE (wholly-owned foreign enterprise) in China and now operates six Global Delivery Centers in China (Beijing, Shanghai, Hangzhou, Tianjin, Shenzhen & Dalian). TCS China currently has global and domestic clients from financial services, manufacturing, telecom, retail, automobile as well as the government sector. It has proven delivery capabilities in ADM, Enterprise Solutions, EIS, BPO-KPO, Assurance Services and Infrastructure Services. In January 2013, TCS was conferred the “Outstanding Contribution to China Smart City” Award by the China Smarter City Forum. The Chinese Premier Li Keqiang recently visited TCS’ facilities in Mumbai. The Tata group was the only Indian private enterprise on the itinerary of the Premier during his three-day visit to India.
Chinasourcing is the first portal and e-transaction platform of China serving the whole outsourcing industry. It has a large pool of members with over 6000 Chinese outsourcing enterprises, 7500 global outsourcing enterprises and more than 3000 foreign outsourcing service providers. These members come from over 30 countries including China. Within China, it spreads over 30 provinces. For more information, please visit www.chnsourcing.com.
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™ (GNDM), recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 353,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 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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