TCS is a part of one of Asia's largest conglomerates "TATA Group", which is having presence in Energy, Automobiles, Telecommunications, Financial Services, Chemicals, Engineering and Materials etc. Company has presence in 34 countries across 5 continents and seven of the Fortune Top 10 companies are in its valued customers list. Company has launched its most integrated business accounting software "Personal Accountant" in Guwahati in 2000. Company has emerged as Asia's largest software and Services Company launched its computer security consultancy practice. In 2001 company has signed an agreement to provide software solutions to Ericsson World-wide.

The software solutions and consulting services enterprise Oracle Software India also announced Tata Consultancy Services as a member of its mobile partner initiative program to offer solutions and services based on Oracle mobile application suites. Company has tie-up with Bharat Petroleum Corporation Ltd to provide medical advisory and counseling services at Ghar, the highway retailing initiative of BPCL. In 2004, Company acquired Singapore Airlines (SIA), 51 per cent stake in their joint venture, Aviation Software Development Consultancy India, for Rs 14.03 crore. Bahrain National Holding (BNH) has signed a long-term contract with Tata Consultancy Services, to consolidate its position as a preferred insurance service provider. In 2004, Company tied up with Israeli biotech firm, TAFE Global, MIT Sloan Center for Information Systems Research (CISR), Formula One racing car champion Ferrari to provide information technology and engineering services for the development of the team's racing car for the 2005 season.

TCS is the world leader in information technology consulting, services, and business process outsourcing organization that visualized and initiated the acceptance of the flexible global business practices that today enable companies to operate more efficiently and produce more value. Company offers its products in the field of Insurance, Healthcare, Energy & Utilities, s-Governance, CAD/CAM, Banking, Tools, Manufacturing, Financial, Services, Accounting, e-security etc.

Company offers its Services in the following areas-

Consulting-It is one of the first companies to set up an independent consulting division. It includes consulting as an integrated part of any assignment to its customers in different industry segments.

IT Services- Company provides application development and maintenance services over the entire IT application life cycle including migration and reengineering, e-commerce and internet services, testing services, architecture and technology consulting, systems integration, as well as packaged software implementation across multiple industry and technology domains. Asset Based Solutions-Company develops and market a variety of products across diverse industries including products such as the Hospital Management System, eIBS, NCS, FIG and

Quartz TM for the banking and financial services industry, CemPac for the cement industry and also software development tools such as MasterCraftTM, Assent, DataClean and Infrex.

IT Infrastructure- Company provides services including complete outsourcing of IT networks, consulting and integration, hardware support and installation, and infrastructure management.

Engineering and Industrial Services- Company provides a range of engineering services, embedded software and R&D services to diverse clients, assisting in new product development and product lifecycle management through services in the areas of product design, simulation, engineering drafting, computer-aided engineering design and manufacturing, product data management and customization of engineering software.

BPO- Company provides inbound call centers, back office support, engineering services and database services. Its main focus in this space is on transactional services, 24x7 for client needs from various geographies, ensuring business continuity and disaster recovery.

Company announced that National Power Exchange, a joint venture (JV) company of NTPC, NHPC, Power Finance Corporation and the TCS has been granted in-prinicipal approval on July 1,
2009 to set up and operate NPEX, the power exchange.

Company announced today that it has implemented an automated trading system for Daiwa Securities SMBC (Daiwa) across multiple markets in Asia pacific (APAC) region including Tokyo, Hong Kong and Singapore. Daiwa expects the newly introduced automated trading system to reduce cycle times while increasing trading volumes, and that it will offer customer increased profitability afforded by access to automated trading strategies.

Company likely to get USD 30-100 million, revenue on an annualized basis over the next three-five years from its deal with BP. TCS had been selected for engagements in refining, manufacturing and corporate IT with opportunities across fuel value chain including upstream and trading.

Company has signed a contract with Saudi Arabia's chamber of commerce of the eastern region for executing an Oracle ERP implementation project. The chamber of commerce is one of Saudi Arabia's well-established service organizations for the promotion of private sector in the economy.

Company planned to hire 25,000 people globally this year. 90% of the total recruitments will be in India. The figure is 10,000 short of the number of people TCS hired last year. With this fresh recruitment, the total number of employees globally would go up to more than 1.8 lakh, making it one of the largest private employers in India and putting it in the league of Tata Steel, which has an employee base of 2 lakh people.

Microsoft India and TCS announced strategic alliance between the two companies to launch Microsoft-TCS virtualization centre of excellence (CoE) in Chennai. Through this partnership with TCS to launch the virtualization CoE, Microsoft will address this crucial marketneed and help customers land benefits of virtualization technology in accordance with their business requirements.

Company planned to open a new global delivery center in Buenos Aires, Argentina - the first company to officially inaugurate its facilities in the new technology district city of Buenos Aries. With continued growth across Latin America, the opening of the new center represents the expansion of its global network delivery model (GNDM), recognized as the benchmark of excellence in software development globally.

Company has won the country's largest state wide area network (SWAN) project from the government of Andhra Pradesh on a five year build, own, operate, and transfer (BOOT) model. This is the fourth SWAN project TCS has bagged in a row, demonstrating wider acceptance of its expertise in the infrastructure management space. TCS is also implementing SWAN projects in Chattisgarh, Tamil Nadu, and Bihar. The proposed SWAN project will enable the government of Andhra Pradesh to start and run various e-governance projects and citizen services. This would bring about significant efficiencies in G2G and G2C services of the state, which will help in bringing complete transformation in the e-governance structure. The project would be rolled out in 12 months and TCS will then maintain it for five years.

Company has been chosen by Singapore's People's Association, to provide annual application management services (AMS) for two years in a multi million dollar deal. People's Association is a statutory board under the ministry of community development, youth and sports.

Tata Consultancy Services (TCS) is planning to tap the huge business potential in retail sector including virtual retail in the Asia-Pacific region. Company is diversifying its products & services in different fields like pension, biotech, retail, banking & finance, telecom infrastructure management as well as having good presence in past areas. At current market price, the stock is trading at
11.96 P/E multiple of its FY2010 estimated earning par share. We recommend investors to "buy" Tata Consultancy Services with medium to long-term investment prospective.