Tata Consultancy Services, Mumbai, India a leading IT services,
business solutions and outsourcing organization, has launched a new
subsidiary, TCS South Africa, to further strengthen its focus and expand
operations in South Africa.
South Africa is a key strategic market for the $29 billion Tata
Group with the presence of multiple firms including Tata Motors, Tata
Steel and VSNL. The new subsidiary will help intensify this focus
further and is in line with TCS' global strategy to have a direct
presence in the countries which it operates.
The new subsidiary will help TCS bring its global best practices to
help increase the competitiveness of South African business and the
skill levels of IT professionals in South Africa. TCS South Africa will
have equity participation from BEE (Black Economic Empowerment) groups
in South Africa to ensure a high level of social governance and
localization of services and skills.
"We see South Africa as a key strategic market for TCS and
also as a gateway to southern and central Africa. Through our own
subsidiary, we will be well-placed to contribute to the economic growth
of the country and its businesses by bringing in global best-practices
and world-class technology solutions," said S. Ramadorai, CEO and
MD, Tata Consultancy Services. "The new model will help TCS make a
greater contribution to the South African economy and help invest in
skills and capabilities of its IT professionals by leveraging our
world-class learning and development programs."
"To help its customers in South Africa, TCS has already
created a near-shore delivery capability in Johannesburg from where we
are providing support services for our financial services products
implemented in South Africa," said N. Chandrasekaran, COO and
executive director. "The South African operations will emerge as a
hub to serve customers in the southern and central parts of
Africa."
TCS South Africa already works with leading companies in South
Africa in sectors like banking and financial services, government,
manufacturing, energy, telecom and retail.
About Tata Consultancy Services
Tata Consultancy Services is an IT services, business solutions and
outsourcing organization that delivers real results to global
businesses, ensuring a level of certainty no other firm can match. TCS
offers a consulting-led, integrated portfolio of IT and IT-enabled
services 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 100,000 of the world's best trained IT
consultants in 47 countries. The company generated consolidated revenues
of US $4.3 billion for fiscal year ended 31 March, 2007 and is listed on
the National Stock Exchange and Bombay Stock Exchange in India.
For more information, visit us at http://www.tcs.com or call
646/313-4594.
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