TCS wins CII Award for Best Patents Portfolio
Tata Consultancy Services Recognized for its Investments in Intellectual Property Across Multiple Domains Over the Last Five Years
MUMBAI, October 23, 2018: Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting, and business solutions organization, won an award for the Best Patents Portfolio (2013-2018) in the Large (Engineering) Industries category at the CII Industrial Intellectual Property (IP) Awards 2018.
These awards have been instituted by the Confederation of Indian Industry to encourage organizations to foster a culture of intellectual property management and commercialization, and to recognize and celebrate Indian enterprises which demonstrate excellence in IP generation and protection across industry segments. The jury for these prestigious awards consisted of eminent academicians, consultants and experts with established credentials in the field of IPR from India.
TCS has been a leader in developing intellectual property (IP), and holds a US patent for managing a sustainable intellectual property portfolio. Its large IP portfolio is managed using an in-house developed integrated IP rights management system. TCS’ award-winning patents portfolio is designed to provide intelligence on the technology direction in the market, and insights to focus on a priority set of areas for research, innovation and IP creation. In the last 5 years, TCS filed more than 2700 patent applications, and has been granted 550 patents.
“In a Business 4.0 world, competitive differentiation is increasingly built through technology leverage, and success is predicated on the ability to foster a robust innovation culture with an ability to harness the larger innovation ecosystem. This brings enormous opportunities and exciting challenges for every enterprise to strategize, plan and execute its innovation and IP management,” said Dr. Santosh Mohanty, VP and Head, Components Engineering Group, TCS. “We at TCS have been at the forefront of this evolution and are continuously exploring opportunities for leveraging IP-led disruptions to drive market making offerings. This recognition from CII is a validation of our success in this strategy.”
The award was presented to TCS at the Fourth International Conference on Intellectual Property Rights (IPR) at Hotel Le-Meridien, New Delhi, with the theme of ‘Ease of Doing IP Intensive Business in India’.
About Tata Consultancy Services Ltd (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 the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. 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 more than 411,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 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 Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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