Tata Consultancy Services was Recognised for its Innovation and Pioneering Efforts in the Field of Intellectual Property
MUMBAI, October 14, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has won the 2021 ASSOCHAM IP Excellence Award in the category IP In-House Team of the Year.
The ASSOCHAM IP Excellence Awards recognize and honor enterprises, institutions, and individuals for their pioneering efforts in facilitating innovations and creating a healthy intellectual property (IP) ecosystem in the country. This year the awards were presented in the presence of Shri Som Parkash, Minister of State for Commerce and Industry.
TCS has built a culture of innovation and has made sustained investments in picking up promising new ideas from across the organization and developing them into prototypes, resulting in an industry-leading portfolio of intellectual property and a differentiated positioning as the preferred transformation partner to leading enterprises across the world. Additionally, it has put in place robust processes and supporting structures to manage and scale up the development of intellectual property to harness the power of digital technologies and build innovative solutions that provide competitive differentiation and strategic value to its customers.
TCS’ belief in building a robust intellectual capital is key to its expanding number of growth and transformation engagements where it helps customers embrace newer business models and drive new revenue streams. It has filed 6,169 patent applications and has been granted 2,100 patents, as of September 30, 2021.
TCS’ intellectual property portfolio includes a comprehensive set of products and platforms that address enterprises’ business and technology needs across industries. These include the TCS BaNCS™ suite for financial institutions, Algo Retail™ suite consisting of TCS Optumera™ and TCS Omnistore™, TCS ADD platform for the life sciences industry, TCS HOBS™ and the TwinX™ platforms for communications and media companies, ignio™ cognitive automation suite, Jile™ enterprise Agile planning and delivery tool, and TCS MasterCraft™ suite of intelligent automation products. This is supplemented by a large number of accelerators, frameworks and toolsets in areas like IoT, analytics and insights, cloud migration, cloud management, and enterprise application transformation.
“We are honored to receive the 2021 ASSOCHAM IP Excellence Award. This award is a reflection of our strong commitment to build an industry-leading IP portfolio, including accelerators, products and platforms, across a range of technologies and domains to help customers drive perpetual innovation and growth,” said Dr Santosh Mohanty, Global Head, Components Engineering Group, TCS.
About Tata Consultancy Services (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™ 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 528,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.
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