MIRA INFORM REPORT

Report Date :

07.12.2013

IDENTIFICATION DETAILS

Name :	TATA CONSULTANCY SERVICES LIMITED
Registered Office :	9^th Floor, Nirmal Building, Nariman Point, Mumbai - 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	19.01.1995
Com. Reg. No.:	11-084781
Capital Investment / Paid-up Capital :	Rs. 2957.200 Millions
CIN No.: [Company Identification No.]	L22210MH1995PLC084781
TAN No.: [Tax Deduction & Collection Account No.]	MUMT00681C MUMT11446B
PAN No.: [Permanent Account No.]	AAACR4849R
Legal Form :	A Public Limited Liability company. The company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Providing Information Technology (IT) and Consultancy Services including systems, hardware and software, communications and networking, hardware sizing and capacity planning, software management solutions, technology education services and business process outsourcing.
No. of Employees :	238583 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Aa (81)

RATING		STATUS	PROPOSED CREDIT LINE
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large

Maximum Credit Limit :	USD 1302490000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well established and reputed company having excellent track record. It is a part of Tata group, country’s premier industrial house. Financial position of the company appears to be strong and healthy. Trade relation reported to be trustworthy. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for business dealing at usual trade terms and conditions. It can be regarded as a promising business partner in medium to long run.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	AAA (Fund Based Limit)
Rating Explanation	Highest credit quality and lowest credit risk
Date	September 2012

Rating Agency Name	ICRA
Rating	A1+ (Non-Fund Based Limit)
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	September 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DECLINED BY

Name :	Mr. Nishit Marwah
Designation :	Vice President of Finance
Contact No.:	91-22-67789595
Date :	06.12.2013

LOCATIONS

Registered Office :	9^th Floor, Nirmal Building, Nariman Point, Mumbai – 400 021, Maharashtra, India
Tel. No.:	91-22-67789595
Fax No.:	91-22-67509333 / 67789660
E-Mail :	suprakash.mukhopadhyay@tcs.com investor.relations@tcs.com sh.rajadhyaksha@tcs.com tcs@tata.com suprakash.mukhopadhay@tcs.com
Website :	www.tcs.com
Corporate Office / Regional Office 1 :	TCS House, Raveline Street, Fort, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-67789999
Fax No.:	91-22-67789000
E-Mail :	Inves.relations@tcs.com
Regional Office 2 :	Vidyasagar Building, Raheja Township, Near Sai Baba Mandir, Malad (East),  Mumbai - 400 097, Maharashtra, India
Tel. No.:	91-22-6779 8585
Fax No.:	91-22-6779 8546

DIRECTORS

AS ON 31.03.2012

Name :	Mr. R N Tata
Designation :	Chairman
Date of Birth/Age :	28.12.1937
Qualification :	Bachelor of Science degree in Architecture from Cornell University. Completed the Advanced Management Program Conducted by Harvard University
Date of Appointment :	05.05.2004
Other Directorship:	Tata Sons Limited Tata Industries Limited Tata Steel Limited Tata Motors Limited Tata Chemicals Limited The Indian Hotels Company Limited The Tata Power Company Limited Tata Tea Limited Tat Autocomp Systems Limited The Bombay Dyeing and Manufacturing Company Limited Tata Teleservices Limited Tata Teleservices [Maharashtra] Limited Hindustan Aeronautics Limited
Name :	Mr. S Ramadorai
Designation :	Vice Chairman
Date of Birth/Age :	06.10.1944
Qualification :	Bachelor’s degree in Physics from Delhi University, Bachelor’s degree in Electronics and Telecommunications from Indian Institute of Science, Bangalore, Master’s degree in Computer Science from University of California, USA and Executive MBA from Sloan School of Management, Massachusetts Institute of Technology(MIT).
Date of Appointment :	05.05.2004
Other Directorship:	Tata Industries Limited Tata Elxsi Limited Tata Technologies Limited CMC Limited Hindustan Unilever Limited Piramal Healthcare Limited Tata Teleservices (Maharashtra) Limited Tata Communications Limited Computational Research Laboratories Limited Asian Paints Limited Tata Advanced Systems Limited BSE Limited Tata Lockheed Martin Aerostructures Limited Tara Aerospace Systems Limited
Name :	Mr. Aman Mehta
Designation :	Director
Date of Birth/Age :	01.09.1946
Qualification :	Bachelors degree in Economics from Delhi University
Date of Appointment :	06.05.2004
Directorship held in other Public Companies (excluding foreign companies) :	· Wockhardt Pharmaceuticals Limited · Jet Airways Limited · Max Healthcare Institute Limited · Godrej Consumer · Products limited · Cairn India limited
Name :	Mr. V Thyagarajan
Designation :	Director
Date of Birth/Age :	19.04.1946
Qualification :	B. Tech [Elec] and M.B.A. from the Indian Institute of Management Ahmedabad
Date of Appointment :	05.09.2005
Other Directorship:	Glaxo Smithkline Pharmaceuticals Limited
Name :	Mr. Clayton M Christensen
Designation :	Director
Date of Birth/Age :	06.04.1952
Qualification :	B.A. (Economics), M.Phil. (Economics), MBA and DBA from Harvard Business School
Date of Appointment :	12.01.2006
Name :	Mr. Ron Sommer
Designation :	Director
Date of Birth/Age :	29.07.1949
Qualification :	Ph .D in mathematics
Date of Appointment :	05.09.2006
Other Directorship:	Sistema Shyam Teleservices Limited
Name :	Mr. Laura M. Cha
Designation :	Director
Date of Birth/Age :	05.12.1949
Qualification :	B A JD (Juris Doctor i.e, doctor of law)
Date of Appointment :	02.11.2006
Name :	Dr. Vijay Kelkar
Designation :	Director
Name :	Mr. Ishaat Hussain
Designation :	Director
Name :	Mr. N. Chandrasekaran
Designation :	Managing Director and Chief Executive Officer
Name :	Mr. S. Mahalingam
Designation :	Chief Finance Officer and Executive Director
Name :	Mr. Phiroz Vandrevala
Designation :	Executive Director
Name :	Mr. O P Bhatt
Designation :	Director
Date of Birth/Age :	07.03.1951
Qualification :	Graduate degree in Science, Post Graduate degree in English Literature (Gold Medal).
Date of Appointment :	02.04.2012
Other Directorship:	Oil and Natural Gas Corporation Limited Hindustan Unilever Limited
Name :	Prof. Cyrus P Mistry
Designation :	Director
Date of Birth/Age :	04.07.1968
Qualification :	Graduate degree in Civil Engineering from Imperial College, UK, M.Sc. in Management from London Business School.
Date of Appointment :	02.04.2012
Other Directorship:	Tata Sons Limited Tata Industries Limited The Tata Power Company Limited Tata Teleservices Limited Tata Steel Limited

KEY EXECUTIVES

Name :	Mr. Suprakash Mukhopadhyay
Designation :	Company Secretary
Name :	Mr. Nishit Marwah
Designation :	Vice President of Finance
Management Team:
Corporate:	· Mr. N. Chandrasekaran (Chief Executive Officer) · Mr. S Mahalingam (Chief Finance Officer) · Mr. Ajoyendra Mukherjee (Global Human Resources)
Geography Heads:	· Mr. Surya Kant (North America, UK and Europe) · Mr. Henry Manzano (Latin America) · Ravi Viswanathan (India, APAC, Middle-East and Africa) · Srinivasa G Raghavan · Girija Pande · Vish Iyer · Qi Qi Dong · Masahiko Kaji · Varun Kapur
Marketing :	Mr. John Lenzen
Corporate Communication :	Ms. Pradipta Bagchi
Research and Development :	Mr. K. Ananth Krishnan
Human Resources :	· Ms. Ritu Anand · Mr. Ashok Mukherjee · Mr. K. Ganesan · Mr. Thomas Simon · Mr. S. Narasimhan
Legal :	Mr. Satya Hegde
Finance :	· Mr. B. Sanyal · Mr. V. Ramakrishnan · Mr. Pauroos Karkaria · Mr. G.S. Lakshminathan · Mr. Rajesh Gopinathan · Mr. Dharmesh Gandhi
Chief Compliance Officer :	Mr. Ravindra J Shah
Security :	Mr. R. K. Raghavan
Industry Service Units:
Banking and Financial Services :	· Mr. K Krithivasan · Mr. Ramanamurthy Magapu · Mr. Susheel Vasudevan
Insurance and Healthcare :	· Mr. Suresh Muthuswami · Ms. Vijaya Deepti · Ms. Syama Sundar
Life Sciences, Energy, Resources and Utilities and Manufacturing :	· Mr. Debashis Ghosh · Mr. Hasit Kaji · Mr. Milind Lakkad · Mr. Sudheer Warrier
Telecom, Media and Hi-Tech :	· A S Lakshminarayanan · Kamal Bhadada · Nagaraj Ijari · N Sivasamban
Retail and CPG and Travel and Hospitality :	· Pratik Pal · S Sukanya
Government :	Tanmoy Chakrabarty
Strategic Growth Units:
TCS Financial Services, iON, Small and Medium Business and Platform BPO :	· N G Subramaniam · Venguswamy Ramaswamy · Raj Agrawal
Service Units:
Global Consulting Practice:	Mr. J Rajagopal
Engineering and Industrial Services :	Mr. Regu Ayyaswamy
Infrastructure Services :	Mr. P R Krishnan
BPO :	Mr. Abid Ali Neemuchwala
Assurance Services :	Mr. Siva Ganesan
Enterprise Solutions :	Mr. Krishnan Ramanujam
Alliances :	Mr. K Jayaramakrishnan
Internal IT :	Mr. Alok Kumar

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Category of Shareholder	No. of Shares	% of No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	1445915586	73.88
Any Others (Specify)	1607624	0.08
Trusts	1607624	0.08
Sub Total	1447523210	73.96
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	1447523210	73.96
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	24615191	1.26
Financial Institutions / Banks	281620	0.01
Central Government / State Government(s)	225107	0.01
Insurance Companies	84186805	4.30
Foreign Institutional Investors	314829064	16.09
Sub Total	424137787	21.67
(2) Non-Institutions
Bodies Corporate	6656635	0.34
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	62447971	3.19
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	14021230	0.72
Any Others (Specify)	2434163	0.12
Trusts	686844	0.04
Clearing Members	1747291	0.09
Foreign Corporate Bodies	28	0.00
Sub Total	85559999	4.37
Total Public shareholding (B)	509697786	26.04
Total (A)+(B)	1957220996	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)

BUSINESS DETAILS

Line of Business :

Providing Information Technology (IT) and Consultancy Services including systems, hardware and software, communications and networking, hardware sizing and capacity planning, software management solutions, technology education services and business process outsourcing.

Products :

Product Description	Item Code (ITC Code)
Computer Software	85249009

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Installed Capacity	Actual Production
Document processing systems	45000	4314

GENERAL INFORMATION

No. of Employees :

238583 (Approximately)

Bankers :

• Standard Chartered Grindlays Bank Limited
• Citibank N.A.
• The National Bank of Bahrain
• ABN Amro, U.S.A.
• Credit Suisse, Switzerland
• Bank Tejarat, Iran
• Nepal Arab Bank Limited, Nepal
• ABN Amro, Malaysia
• UNI Bank, Denmark
• CIBC Bank, Canada
• DBS, Singapore
• Kotak Mahindra Bank, Fort, Mumbai, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
LONG TERM BORROWINGS
Long term maturities of obligations under finance lease	815.900	934.700
SHORT - TERM BORROWINGS
From Banks	0.000	0.000
Overdraft	800.200	0.000
TOTAL	1616.100	934.700
NOTE LONG TERM BORROWINGS Obligations under finance lease are secured against fixed assets obtained under finance lease arrangements. SHORT - TERM BORROWINGS Bank Overdrafts are secured against book debts.

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants

CAPITAL STRUCTURE

As on: 28.06.2013

Authorised Capital : Rs.5000.750 Millions

Issued, Subscribed & Paid-up Capital : Rs.2957.221 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2250000000	Equity Shares	Rs.1/- each	Rs. 2250.000 Millions
1000000000	Redeemable Preference Shares	Rs.1/- each	Rs. 1000.000 Millions
	TOTAL		Rs. 3250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1957220996	Equity Shares	Rs.1/- each	Rs. 1957.200 Millions
1000000000	Redeemable Preference Shares	Rs.1/- each	Rs. 1000.000 Millions
	TOTAL		Rs. 2957.200 Millions

NOTES

a) Reconciliation of number of shares

	As at March 31, 2013
	Number of shares	Amount (in millions)
Equity shares
Opening balance	195,72,20,996	1957.200
Changes during the year	-	-
Closing balance	195,72,20,996	1957.200
Preference shares
Opening balance	100,00,00,000	1000.000
Changes during the year	-	-
Closing balance	100,00,00,000	1000.000

b) Rights, preferences and restrictions attached to shares

Equity shares

The Company has one class of equity shares having a par value of Rs. 1 each. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Preference shares

Preference shares would be redeemable at par at the end of six years from the date of allotment i.e. March 28, 2008, but may be redeemed at any time after 3 years from the date of allotment at the option of shareholder. These shares would carry a fixed cumulative dividend of 1% per annum and a variable non-cumulative dividend of 1% of the difference between the rate of dividend declared during the year on the equity shares of the Company and the average rate of dividend declared on the equity shares of the Company for three years preceding the year of issue of the redeemable preference shares.

c) Shares held by holding company, its subsidiaries and associates

(Rs. in millions)

	As at March 31, 2012
Equity shares
Holding Company
144,34,51,698 equity shares (March 31, 2012 : 144,34,51,698 equity shares) are held by Tata Sons Limited	1443.500
Subsidiaries and associates of Holding Company
10,29,700 equity shares (March 31, 2012 : 10,29,700 equity shares) are held by Tata Indus tries Limited	1.000
NIL equity shares (March 31, 2012 : 20,70,735 equity shares) are held by Tata AIG Life Insurance Company Limited	--
5,90,452 equity shares (March 31, 2012 : 5,90,452 equity shares) are held by Tata Investment Corporation Limited	0.600
200 equity shares (March 31, 2012 : 200 equity shares) are held by Tata Capital Limited	--
NIL equity shares (March 31, 2012 : 3,91,200 equity shares) are held by Tata Global Beverages Limited	--
83,232 equity shares (March 31, 2012 : 83,232 equity shares) are held by Tata International Limited	0.100
452 equity shares (March 31, 2012 : 452 equity shares) are held by The Tata Power Company Limited	--
TOTAL	1445.200
Preference shares
Holding Company
100,00,00,000 redeemable preference shares (March 31, 2012 : 100,00,00,000 redeemable preference shares) are held by Tata Sons Limited	1000.000
TOTAL	1000.000

d) Details of shares held by shareholders holding more than 5% of the aggregate shares in the Company

	As at March 31, 2013
Equity shares
Tata Sons Limited, the Holding Company	144,34,51,698
	73.75%
Preference shares
Tata Sons Limited, the Holding Company	100,00,00,000
	100%

e) Shares allotted as fully paid up by way of bonus shares (during 5 years preceding March 31, 2013)

The Company allotted 97,86,10,498 equity shares as fully paid up bonus shares by utilization of Securities premium reserve on June 18, 2009 pursuant to a shareholder’s resolution passed by postal ballot on June 12, 2009.

LISTING DETAILS

Subject Stock Code :	BSE : 532540 NSE : TCSEQ
Stock Exchange Place :	· The Stock Exchange, Mumbai · National Stock Exchange of India Limited
Listed Date :	25.08.2004

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2957.200	2957.200	2957.200
(b) Reserves & Surplus	322665.300	245609.100	192837.700
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	325622.500	248566.300	195794.900
(3) Non-Current Liabilities
(a) long-term borrowings	831.000	962.300	363.300
(b) Deferred tax liabilities (Net)	1684.900	1181.000	693.200
(c) Other long term liabilities	2518.700	1975.900	1299.100
(d) long-term provisions	2695.200	1547.800	761.700
Total Non-current Liabilities (3)	7729.800	5667.000	3117.300
(4) Current Liabilities
(a) Short term borrowings	800.200	0.000	0.000
(b) Trade payables	35280.400	28479.100	21533.800
(c) Other current liabilities	21727.100	15985.600	15842.700
(d) Short-term provisions	38961.400	43890.100	24139.400
Total Current Liabilities (4)	96769.100	88354.800	61515.900
TOTAL	430121.400	342588.100	260428.100
ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	50594.800	40121.600	33637.800
(ii) Intangible Assets	448.000	514.600	584.000
(iii) Capital work-in-progress	17638.500	13998.200	10728.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	59757.300	51470.600	54579.100
(c) Deferred tax assets (net)	1482.300	1397.400	520.300
(d) Long-term Loan and Advances	46302.100	43328.100	28640.900
(e) Other Non-current assets	18812.000	26368.800	26032.600
Total Non-Current Assets	195035.000	177199.300	154723.300
(2) Current assets
(a) Current investments	3486.500	5413.300	3375.800
(b) Inventories	63.400	41.400	53.700
(c) Unbilled revenue	23033.500	15674.700	8363.700
(d) Trade receivables	112023.200	91077.200	48066.700
(e) Cash and cash equivalents	40541.600	32800.700	31205.200
(f) Short-term loans and advances	49114.800	16497.400	13690.500
(g) Other current assets	6823.400	3884.100	949.200
Total Current Assets	235086.400	165388.800	105704.800
TOTAL	430121.400	342588.100	260428.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	484261.400	381042.300	292754.100
		Other Income	22303.900	26851.800	4947.300
		TOTAL (A)	506565.300	407894.100	297701.400
Less	EXPENSES
		Employee benefit expenses	170817.200	135726.800	102218.500
		Operation and other expenses	170381.500	131458.300	102900.300
		TOTAL (B)	341198.700	267185.100	205118.800
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		165366.600	140709.000	92582.600
Less	FINANCIAL EXPENSES (D)		306.200	164.000	200.100
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		165060.400	140545.000	92382.500
Less/ Add	DEPRECIATION/ AMORTISATION (F)		8028.600	6881.700	5378.200
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		157031.800	133663.300	87004.300
Less	TAX (H)		29168.400	23903.500	11304.400
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		127863.400	109759.800	75699.900
Less	ADJUSTMENT FOR AMALGAMATION OF RETAIL FULL SERVE LIMITED AND COMPUTATIONAL RESEARCH LABORATORIES LIMITED		(1030.000)	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		182352.000	140692.000	104581.300
Less	APPROPRIATIONS
		Interim dividends on equity shares	17614.900	17614.900	11743.200
		Proposed final dividend on equity shares	25443.900	31315.500	15657.800
		Dividend on redeemable preference shares	190.000	220.000	110.000
		Tax on dividend	7121.800	7973.400	4508.200
		General reserve	12786.300	10976.000	7570.000
	BALANCE CARRIED TO THE B/S		246028.500	182352.000	140692.000
	EARNINGS IN FOREIGN CURRENCY
		FOB value of exports	NA		1140.800
		Consultancy services	NA		265351.800
		Interest income	NA		165.700
	TOTAL EARNINGS		NA	380988.600	266658.300
	IMPORTS
		Raw Materials	203.500	81.900	140.400
		Stores & Spares	0.100	0.100	0.100
		Capital Goods	3524.200	2274.900	3618.200
	TOTAL IMPORTS		3727.800	2356.900	3758.700
	Earnings Per Share (Rs.)		65.22	55.95	38.61

QUARTERLY RESULTS

PARTICULARS	30.09.2013	30.06.2013
Type	1^st Quarter	2^nd Quarter
Net Sales	139440.800	166077.200
Total Expenditure	97742.500	108592.700
PBIDT (Excl OI)	41698.300	57484.500
Other Income	2750.800	15136.300
Operating Profit	44449.100	72620.800
Interest	50.200	98.300
Exceptional Items	0.000	0.000
PBDT	44398.900	72522.500
Depreciation	2264.300	2617.400
Profit Before Tax	42134.600	69905.100
Tax	9157.100	13827.600
Provisions and contingencies	0.000	0.000
Profit After Tax	32977.500	56077.500
Extraordinary Items	0.000	0.000
Prior Period Expenses	0.000	0.000
Other Adjustments	0.000	0.000
Net Profit	32977.500	56077.500

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	25.24	26.91	25.43
Net Profit Margin (PBT/Sales)	(%)	32.43	35.08	29.72
Return on Total Assets (PBT/Total Assets}	(%)	44.71	48.48	44.71
Return on Investment (ROI) (PBT/Networth)		0.48	0.54	0.44
Debt Equity Ratio (Total Debt /Networth)		0.01	0.00	0.00
Current Ratio (Current Asset/Current Liability)		2.43	1.87	1.72

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS
Bench:- Bombay
Lodging No.:	ITXAL/318/2013	Failing Date:-	20/02/2013	Reg. No.:-	ITXA/1132/2013	Reg. Date:-	10/05/2013
Petitioner:-	THE COMMISSIONER OF INCOME TAX		Respondent:-	TATA CONSULTANCY SERVICES LIMITED
Petn.Adv:-	Padwa Divakar		Resp. Adv :
District:-	MUMBAI
Bench:-	DIVISION		Category:-	Tax Appeals
Status:-	Pre-Admission		Stage:-	FOR DIRECTION
Next Date:-	08.01.2014
Coram:-	ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST
Last Date:-	19/03/2013
Last Coram:-	HON’BLE SHRI JUSTICE J.P. DEVADHAR HON’BLE SHRI JUSTICE M.S. SANKLECHA
Act:-	Income Tax Act, 1961			Under Section : 260 A

Unsecured Loan	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
LONG TERM BORROWINGS
Other loans and advances (from entities other than banks )	15.100	27.600
TOTAL	15.100	27.600

SUNDRY CREDITORS DETAILS

(Rs. In Millions)

Particulars	31.03.2013	31.03.2012	31.03.2011
Sundry Creditors	35280.400	28479.100	21533.800
TOTAL	35280.400	28479.100	21533.800

MANAGEMENT DISCUSSION AND ANALYSIS

ECONOMY AND INDUSTRY OVERVIEW

The global economic environment in calendar year 2012 continued to remain uncertain with signs of concern and slow growth (1%-2%). Improving consumer confidence and structural policy decisions in the developed markets are providing the required momentum to kick-start the economy on to the path of recovery. In the emerging markets, strong consumer spending and upbeat investment sentiment continue to drive economic growth (5%-8%).

.

Across markets, technology and innovation are being seen as growth drivers. Investment in innovation has emerged as a differentiator in the market place. Investment in technology has been enabling companies to connect with customers and influence their purchase decisions on a real-time basis. As a result, spending on technology and related services grew at a rate faster than the GDP growth. The worldwide spending on technology and related services in 2012 was USD 1.9 trillion2, a growth of 4.8% over 2011. Spend on IT, BPO and software products, continued to have the majority share of 58% of total IT spend, standing at USD 1 trillion2. The global sourcing market reached a volume of USD 124-130 billion in 2012 with a growth of 9% over 2011, which was twice the growth rate of the global IT spend.

While banking, financial services and insurance (BFSI) and manufacturing remained the largest verticals in terms of total share in IT spending, emerging verticals such as healthcare, retail, government and utilities were the drivers of incremental growth in 2012.

The large North American IT market continues to expand at a faster pace (5%) than the economy. Investments by American corporations in innovation and digital technologies is driving the growth in technology spend. IT spend in emerging markets like Asia-Pacific continues to grow at a faster pace than in mature geographies on account of investments by corporations to bring their IT infrastructure on par with global standards. Despite the changing and volatile economic environment, the global market offers substantial opportunities and TCS is fully geared to navigate through the changing technology demands and customer expectations.

OVERVIEW

TCS is an Information Technology (IT) services, consulting and business solutions company. The Company provides end-to-end technology and technology related services to global enterprises. TCS’ domain knowledge and technology expertise helps global corporations to focus on their core business, while TCS manages their investments in technology and helps transform their business processes.

The breadth and depth of TCS’ domain and technology expertise has been built over the last 45 years through a unique combination of investments in people and new technologies supported by long standing client relationships.

The Company has been registering steady all round growth in its customer base, presence in geographies, domain expertise and service offerings, which reflect in the steady upward trend in its financial outcome over the

years. TCS has the distinction of being one of the most valuable companies in India and one of the top ten IT services companies in the world.

CORPORATE INFORMATION

Subject provide a wide range of information technology and consultancy services including systems, hardware and software, communications and networking, hardware sizing and capacity planning, software management solutions, technology education services and business process outsourcing. The Company’s full services portfolio consists of Application Development and Maintenance, Business Intelligence, Enterprise Solutions, Assurance, Engineering and Industrial Services, IT Infrastructure Services, Business Process Outsourcing, Consulting and Asset Leveraged Solutions.

As of March 31, 2013, Tata Sons owned 73.75% of the Company’s equity share capital and has the ability to control its operating and financial policies. The Company’s registered office is in Mumbai and it has 58 subsidiaries across the globe.

NATURE OF BUSINESS OF AMALGAMATING COMPANIES

Retail Full Serve Limited is engaged in the business of providing information technology and business process outsourcing services.

Computational Research Laboratories Limited is engaged in the business of conducting research and development relating to high performance computing and allowing usage of computers, including providing consultation services in the field of information technology. On August 16 2012, the company has acquired 100% equity share capital of Computational Research Laboratories Limited.

CONTINGENT LIABILITIES

(Rs. In Millions)

Particular	As at March 31, 2013	As at March 31, 2012
Claims against the Company not acknowledged as debts	236.700	214.900
Income Tax demands	25897.300	13819.700
Indirect Tax demands	616.300	614.400
Guarantees given by the Company on behalf of subsidiaries	46274.200	33899.000
NOTES (a) TCS e-Serve Limited has received demands aggregating Rs. 5592.700 Millions (March 31, 2012: Rs. 3300.700 Millions) in respect of income tax matters in dispute. TCS e-Serve Limited has paid advance taxes aggregating to Rs. 3443.500 Millions (March 31, 2012: Rs. 3218.500 Millions) against disputed amounts for the various assessment years. The Company is entitled to an indemnification from the seller, of the above referred contingent claims on TCS e-Serve Limited, and would be required to refund to the seller, amounts equal to monies received by TCS e-Serve Limited, on all such claims, as an adjustment to the purchase price consideration. (b) The Company has provided guarantees aggregating to Rs. 29108.800 Millions (GBP 353.65 million) (March 31, 2012: Rs. 30685.500 Millions) (GBP 376.75 million) to third parties on behalf of its subsidiary Diligenta Limited. The Company does not expect any outflow of resources in respect of the above.

FIXED ASSETS

· Freehold Land

· Leasehold Land

· Freehold Buildings

· Factory Buildings

· Leasehold Buildings

· Plant and Machineries

· Computer Equipments

· Motor Cars

· Office Equipments

· Electrical Installations

· Furniture and Fixtures

· Vehicles

· Intellectual Property / Distribution Rights

WEBSITE DETAILS

Press Release

TCS NAMED IN FORBES’ WORLD’S MOST INNOVATIVE COMPANIES LIST

TCS Ranked as Highest Global IT Services Company

Mumbai, September 27, 2013: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today, announced that it has been recognized by Forbes as one of the World’s Most Innovative Companies. TCS ranked 40th overall, making it not only the highest ranked IT services company to make it to the list, but also the top Indian company.

“To be included in the upper echelons of Forbes’ World’s Most Innovative Companies list is a tremendous honor for me, our employees and our company,” said N Chandrasekaran, CEO and MD, TCS. “As a global company, we pride ourselves on our ability to think creatively, deliver cutting-edge solutions and strategically customize our offerings to meet global needs on a local level.”

TCS has a longstanding history of delivering innovative solutions to its customers. The company set up its first RandD lab in 1981, when the technology industry in India was just taking shape. There is a strong culture of innovation with multiple innovation labs for every industry that TCS works with. The company has multiple academic partnerships and a global network of Innovation Labs that provide an environment for sophisticated research in leading-edge technologies, and various domains ranging from life sciences and insurance to retail and financial services.

Furthermore, TCS’ Co-Innovation Network (COIN™) provides value to its customers across the entire technology and business landscape, forging and nurturing bonds with academic institutions, start-ups, venture funds, strategic alliance partners, multilateral organizations and TCS’ customers.

TCS attracts the best talent to its labs by investing its resources in systems, software and applications research, and collaborating with technology partners and universities such as The Massachusetts Institute of Technology, University of California at Berkeley, Stanford University, Singapore Management University, Indian Institutes of Technology, and the Indian Institute of Science.

SAUDI ARAMCO, GE AND TCS ANNOUNCE THE FIRST ALL-FEMALE SERVICES CENTER FOR BUSINESS PROCESSES IN SAUDI ARABIA

Initiative supports the Kingdom’s industry localization plans and creates new jobs in finance and accounting, HR, IT and supply chain management services

Dhahran, Saudi Arabia; September 24, 2013: Saudi Aramco, GE and Tata Consultancy Services (TCS) announced today the launch of the first all-female business process services center in Riyadh, Kingdom of Saudi Arabia. The center will be staffed by Saudi females with TCS and GE owning 76% and 24% equity in the new venture, which will initially serve Saudi Aramco and GE as anchor clients.

The collaboration of the three companies underscores their strong commitment to support Saudi Arabia’s localization strategies to diversify the Kingdom’s economy and enable the growth of a viable employment sector.

The new business process services center will serve as a building block to localize the Business Process Outsourcing (BPO) industry in the Kingdom. The three partners will work together with the intention of scaling up the new venture to create up to 3,000 jobs for Saudi professional females. GE will create up to 1,000 employment opportunities for this initiative.

HE Abdullatif A Al-Othman, Governor, Saudi Arabia General Investment Authority, delivered a keynote speech at the launch ceremony in Dhahran, headquarters of Saudi Aramco. The event was also addressed by Khalid A Al-Falih, President and CEO, Saudi Aramco; Jeffrey Immelt, Chairman and CEO, GE; Cyrus Mistry, Chairman of the Tata Group, and N Chandrasekaran, CEO and Managing Director, TCS.

The center brings a unique business model to Saudi Arabia and is set to become a rich training ground for building new capabilities, skills and careers for Saudi females. It will employ skilled graduates in the areas of finance, accounting, human resources management and supply chain management services.

In highlighting Saudi Aramco’s strategic intent, Khalid A Al Falih, President and CEO, Saudi Aramco, said, “We are helping to build the nation’s capacity as it moves toward a knowledge economy by maximizing local content, adding value through integrated industrial parks, and promoting economic diversification and entrepreneurship. In light of the demographic realities, this comprehensive framework offers a winning formula to create jobs.”

Describing the importance of business process services to the services industry, Al Falih added, “In addition to the array of manufacturing and industrial jobs, services are an even bigger creator of wide ranging employment through an extensive range of office functions. In recent decades, the world, including Saudi Arabian enterprises, has been outsourcing these functions offshore. It’s time to bring those jobs home.”

The center will help corporations in the Kingdom take advantage of a globally accepted business and operating model, which allows business to focus on core competencies. It will provide support knowledge and industry-specific services with TCS’ globally recognized integrated delivery processes and best-in-class execution.

GE’s Chairman and Chief Executive Officer, Jeffrey Immelt, said, “GE is committed to partnering with the Kingdom in helping to achieve their social and economic growth aspirations and goals. Today, Saudi Arabia is placing high emphasis on creating jobs for its youth and women and we are proud to be supporting female employment opportunities in the Kingdom, offering placement opportunities and world-class training programs.”

Initially providing services to anchor clients, Saudi Aramco and GE, the center will eventually expand its customer base to other companies and institutions across the Kingdom. In due course, GE and TCS will also work with leading Saudi universities and educational institutions to launch specialized training programs to achieve further job creation goals.

Cyrus Mistry, Chairman of the Tata Group, said, “The Tata Group has a long history of encouraging women to achieve their potential and contribute to the community and we are delighted to work with Saudi Aramco and GE to help provide careers for women in the Kingdom and enable them to contribute to its economic progress. Saudi Arabia is a focus market for the Tata Group where we have built strong partnerships and this ambitious initiative is an example of our commitment to this market.”

N Chandrasekaran, CEO and MD, TCS, said, “This unique initiative will leverage a new talent pool in the Kingdom to meet the business needs of corporations in the region. It is an example of our long-term commitment to this market. By drawing on our proven global expertise in business process services, our ability to partner with corporations as well as develop talented professionals, we will help achieve the goals of this pioneering venture.”

TCS, today, delivers business process services from 20 service locations in over 10 countries including China, Philippines, India, Hungary, United Kingdom, Chile, Ecuador, Uruguay, Mexico and the United States.

STRONG VOLUMES DRIVE ANOTHER STELLAR QUARTER

Revenue at Rs.179870.000 Millions up 9.5% Q-o-Q; up 21% Y-o-Y

· Net income at Rs.38310.000 millions up 9.5% Q-o-Q; up15.5% Y-o-Y

· Volume growth at 6.10%

Mumbai, July 18, 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions firm reported its consolidated financial results according to IFRS US Dollars for the quarter ended June 30, 2013.

Financial Highlights for Quarter Ended June 30, 2013

· Operating profit at Rs.48470.000 millions up 18.9% Y-o-Y; up 12.0% Q-o-Q

· Operating Margin at 26.9%

· Dividend per share of Rs.4

Business Highlights for Quarter Ended June 30, 2013

· Gross addition of 10,611 Employees

· High utilization rates at 82.7% (excluding trainees)

· Two new $100 million clients added

Commenting on the Q1 performance, Chief Executive Officer and Managing Director, N Chandrasekaran said: “We have delivered another solid quarter, driven by the highest volume growth in the past seven quarters. It has been an all-round performance with strong revenue growth across markets led by the US. Our investments in Europe continue to gain strong traction with customers and helped us deliver industry-leading growth this quarter.”

Chandrasekaran added: “Strong momentum in our business, the right cost structure, a customer-centric approach and our increasing investments in new digital solutions and services positions us well to post another year of strong business growth.”

Rajesh Gopinathan, Chief Financial Officer, said: “The current environment demands an agile operating model that can capture diverse growth opportunities. We continue to execute to plan and invest for growth, while maintaining stability in our margin profile.”

Growth in Q1 was holistic. Growth was seen across all industry segments led by Life Sciences, Retail, Telecom and BFSI. There was balanced growth across IT and other service lines led by Assurance, EiS, Global Consulting and Asset Leveraged Solutions. Major markets grew smartly led by USA, Europe and UK alongside growth in emerging markets like Latin America and Asia Pacific.

During the quarter, TCS closed the acquisition of Alti, one of the top 5 system integrators of SAP solutions in France with several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers.

Select Key Wins

· Engaged by Department of Post as their central transformation system integrator. TCS is providing common infrastructure for eight large modernisation programs, transforming the core mail operations for DoP as well as back office operations like HR and F and A, making services easily accessible through internet and mobile devices for citizens and postal workers

· Engaged by a leading Nordic airlines in an end-to-end IT outsourcing contract to deliver IT infrastructure services, application development and management and drive innovation to help the airline in its transformational journey

· Selected by a global aerospace major as a strategic partner in the IT application services space

· Won a transformation deal in assurance services to drive efficiency and innovation in testing for a large health services organization in North America

· Chosen as a strategic partner by leading North American communications provider to provide holistic assurance solutions across their entire IT estate in a managed services mode

· A large Asia-Pacific conglomerate has awarded TCS a back-office transformation deal.

· Selected as a strategic partner and awarded a contract for application development and infrastructure support by a leading North American supplier of maintenance, repair and operating products.

· A North American based global financial services company has awarded TCS an engagement covering application development, maintenance and assurance of their core banking and enterprise systems.

· A North American based global financial services company has awarded TCS a large managed services engagement for its cards platform

Key Wins in Digital Services and Solutions

· An Asia Pacific bank has selected TCS Hy5 Presidio™ Mobile Device Management product for deployment on Android devices

· A global pharmaceutical company has selected TCS Hy5 Canvas™ Mobile Application Development Platform for development of its enterprise mobile applications

· A North American financial services company has selected TCS Hy5 Test™ Mobile Application Testing platform as the sole tool to test their mobile applications

· An Asia Pacific based financial services company has selected TCS iAgent™ mobile insurance agent solution for its agents

· Won an engagement to develop and integrate HR applications on tablet devices from a global pharmaceutical major

· Won an engagement to develop a tablet based system to optmize sales force activities from a North American medical device manufacturer

· Won an engagement to develop a mobile application for providing users with detailed information and search capability on Indian Law for a major provider of Information Services

· Won an engagement for a multi-year data warehouse transformation project using Big Data tools from a major financial services company

· Won an engagement from a major North American bank to implement a customer relationship discovery platform that enables financial advisors to manage and cross-sell and up-sell opportunities

· Won an engagement to develop a device log analytics platform using Big Data from a major computer equipment manufacturer

· Won engagements from a major North American bank, a global Consumer Packaged Goods company and a North American insurer to define their Big Data technology strategy and roadmap

· Won an engagement to transform their legacy batch processing systems using Big Data technologies for a major North American retailer

· Won an engagement to implement security for the Big Data platform for an Asia Pacific bank

Key Wins in Products/Platforms:

· A European Insurance firm selected TCS BaNCS for their integrated insurance platform

· An Asia-Pacific bank selected TCS BaNCS Corporate Actions solution

· A Latin American bank selected TCS BaNCS Corporate Actions solution

· An African financial institution selected TCS Market Infrastructure platform for additional asset classes

· TCS Analytics Platform was selected by an European airline

· TCS Sourcing platform was selected by an Asian consumer company

Innovation and Intellectual Property:

As of June 30, 2013, the company has applied for 1340 patents including 60 applied during the quarter. Till date, the company has been granted 90 patents.

Human Resources: Gross Additions 10,611 and Net Additions 1,390

The company continued to hire to support business growth. There was a total gross addition of 10,611 people (net addition of 1,390) taking the total employee strength of 277,586 on a consolidated basis. The utilization rate (excluding trainees) was at 82.7% and that including trainees was 72.5%. The attrition rate (LTM) dropped further sequentially to 10.52 per cent including BPO. The attrition rate in IT was at 9.55 per cent, while BPO attrition was higher at 15.77 per cent.

“We have been able to push our utilization rates further. The on-boarding of current year’s engineering graduate trainees will start from this quarter onwards,” said Ajoy Mukherjee, Executive Vice President and Global Head,

Human Resources.

Awards and Recognition: Business Leadership:

· Most Admired Company - Fortune India

· Business Leader in Information Technology - NDTV Profit Leadership Awards

· Top 10 Companies with the Best Business Outlook – Glassdoor

· Innovative Enterprise Solution - CA World

· IT Outsourcing Company of the Year – Belgium

Partner:

· 2013 SAP® Pinnacle Award

· System Integrator Partner of the year – Netapp

· Microsoft Supplier of the Year – 2013

Sustainability:

· Innovation and Best HR Practices in Human Capital – TCS Uruguay

· Best Volunteering Company – TCS Equador

· Business Leader in Corporate Social Responsibility - NDTV Profit Leadership Awards

· Company with Best Social Service Practices – TCS Equador

Leadership:

· N Chandrasekaran, CEO was named:

° “Business Visionary” at NDTV Profit Leadership Awards 2012

° One of STEMconnector’s “100 CEO Leaders in STEM”

° “Management Man of the Year 2013” Award -Bombay Management Association

Consolidated Statement of Profit and Loss for the quarter ended June 30, 2013, March 31, 2013 and June 30, 2012

(Rs. In Millions)

	Quarter ended June 30, 2013	Quarter ended March 31, 2013	Quarter ended June 30, 2012
INCOME
a) IT & Consultancy Services	175520.000	158510.000	145210.000
b) Manufacturing, Sale of equipment and Licences	4350.000	5790.000	3480.000
Total Income	179870.000	164300.000	148690.000
EXPENDITURE
a) Salaries & Wages	69650.000	62450.000	57070.000
b) Overseas business expenditure	24980.000	22620.000	20630.000
c) Other operating expenses	33800.000	33060.000	27750.000
Total Expenditure	128430.000	118130.000	105450.000
Profit Before Interest, Depreciation, Taxes & Other Income	51440.000	46170.000	43240.000
Interest	70.000	190.000	60.000
Depreciation	2970.000	2900.000	2470.000
Profit Before Taxes & Other Income	48400.000	43080.000	40710.000
Other income (expense), net	2590.000	4430.000	1860.000
Profit Before Taxes	50990.000	47510.000	42570.000
Provision For Taxes	12260.000	10930.000	8990.000
Profit After Taxes & Before Minority Interest	38730.000	36580.000	33580.000
Minority Interest	420.000	420.000	400.000
Net Profit	38310.000	36160.000	33180.000
Earnings per share in Rs.	19.54	18.46	16.92

Consolidated Balance Sheet as at June 30, 2013 and March 31, 2013

(Rs. In Millions)

	As at June 30, 2013	As at March 31, 2013
Source of Funds
Shareholders' Funds	418240.000	386460.000
'Minority Interest	7170.000	6950.000
Loan Funds	2960.000	2110.000
Deferred Tax Liability	2740.000	2350.000
Non Current Liabilities	6460.000	7170.000
Total Liabilities	437570.000	405040.000
Application of Funds
Fixed Assets (net)	86370.000	81420.000
Goodwill	41380.000	35820.000
Deferred Tax Asset	3390.000	3100.000
Investments	33450.000	18970.000
Cash and Bank Balance	68120.000	67690.000
Current Assets, Loans and Advances	265320.000	237000.000
Current Liabilities and Provisions	139470.000	115850.000
Net Current Assets	193970.000	188840.000
Non Current Assets	79010.000	76890.000
Total Assets	437570.000	405040.000

TCS ACQUIRES FRENCH IT SERVICES FIRM ALTI FOR RS 5300.000 MILLIONS

PTI April 10, 2013

BANGALORE: Tata Consultancy Services has bought French technology services company Alti SA for over 75 million euro (Rs 5300.000 Millions) in a deal aimed at giving India's largest software company an extra edge in the crucial European market. The all-cash deal will help TCS win more business from corporations in markets such as Germany and France as they slowly warm up to greater off shoring to cut costs, analysts said.

"This acquisition underlines our long-term, strategic commitment to France, which is the third-largest IT services market in Europe. The acquisition of Alti SA will help us serve our clients in France and across Europe more comprehensively with an expanded set of services and solutions," said N Chandrasekaran, TCS managing director and chief executive officer. Shares of TCS ended 1.1% up at Rs 1497.30 on the Bombay Stock Exchange, whose benchmark Sensex index fell by 1.15%.

France represents an opportunity of about 30 billion euro, according to TCS. After the US, Indian IT companies earn the most revenue from Europe. However, they have been unable to make sufficient inroads into markets such as Germany and Europe because of cultural and language barriers. According to sourcing advisors, none of the Indian IT companies is ranked among the top 20 in either of those markets.

Alti, which has about 1,200 employees, counts Banque de France (French central bank), BNP Paribas, Credit Agricole, and Societe Generale among its clients in banking sector besides others such as Air France, L'Oreal and telecom company Orange.

"This is a good move that will help TCS increase its visibility in those markets and win some large accounts, especially in the financial sector," said Biswajit Banerjee, senior analyst at Pierre Audoin Consultants, a French consultancy and market research firm.

Last year, Infosys acquired Swiss consulting company Lodestone for $350 million (Rs 19000.000 Millions) while Cognizant Technology Solutions Corp acquired six small IT services companies that were part of Germany's C1 Group for an undisclosed sum. Europe contributed a little under 30% of India's $76 billion software services exports in the year to March 2013, with most of it coming from the UK and the Nordic region.

TCS has been operating in France since 1992 and earns roughly 27% of its $10.2 billion revenue from the Europe market.

TCS EARNS A TOP-RANKING PLATINUM BIG TICK FOR CORPORATE RESPONSIBILITY

TCS has successfully earned Platinum Big Tick status in Business in the Community’s (BITC) 2013 Corporate Responsibility Index (CR Index). The award, the highest ranking within the index, represents TCS’ commitment to improving its corporate responsibility throughout its business operations.

London, April 22, 2013: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions company, today, announced it has successfully earned Platinum Big Tick status in Business in the Community’s (BITC) 2013 Corporate Responsibility Index (CR Index). The award, the highest ranking within the index, represents TCS’ commitment to improving its corporate responsibility throughout its business operations.

The CR Index is the UK’s leading and most in-depth voluntary benchmark of corporate responsibility. Run by BITC for over a decade, the annual index enables companies to accurately manage and measure all aspects of their social and environmental performance, as well as benchmark themselves against competitors.

The Platinum Big Tick status is a new banding introduced for this year’s index and is designed to acknowledge companies that have displayed a clear, long-term business strategy and demonstrated the contributions their company can make to create transformational change and help create a sustainable economy. Achieving the award shows that TCS has considered how global trends such as population growth and resource scarcity will affect its future business strategy and that the company is actively embedding responsible values throughout its workforce, as well as investing in new products and services to improve its environmental and social status.

Shankar Narayanan, Country Head, UK and Ireland, TCS, commented, “We are proud to have been awarded a Platinum Big Tick by the BITC. At TCS, we work hard to ensure all our practices operate in a manner that both minimizes our impact on the environment and aides local communities in the areas we work. Achieving this status in this year’s CR Index confirms our company ethos is on the right track and we will continue making the necessary investment to tackle further global trends that may impact our business.”

Stephen Howard, Chief Executive, BITC, said, “I congratulate TCS for achieving the Platinum Big Tick band because it signifies a key step on the journey, a willingness to rise to the challenge and that they are part of a movement of responsible business in which all companies have their unique part to play. We look forward on working with, supporting, and challenging TCS to build on this achievement as we, together, drive the transformational change needed to deliver a sustainable economy.”

TCS NAMED A GLOBAL LEADER IN IDC MARKETSCAPE: WORLDWIDE LIFE SCIENCE SALES AND MARKETING ITO 2013

Mumbai | New York, November, 27 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today, announced that it has been designated as a Leader in Worldwide Life Science Sales and Marketing ITO by the prominent global market intelligence firm, IDC. Among the attributes cited in the report, “IDC MarketScape: Worldwide Life Science Sales and Marketing ITO 2013 Vendor Assessment,” TCS was recognized for its extensive experience and expertise, across pharmaceutical, biotech and medical device companies, as well as delivery and technical capabilities.

The report evaluated 14 service providers across a number of capability and strategy measures such as Offering Roadmap, Portfolio Strategy, Customer Base, Engagement Capability, Pricing Model, Investment, Growth Strategy, etc. IDC MarketScape criteria selection, weightings and vendor scores represent well-researched IDC judgment about the market and vendors through structured discussions, surveys and interviews with market leaders, participant buyers and end-users.

“Companies are being driven toward sales and marketing IT outsourcing by several business needs, hence there is a strong demand for skilled IT outsourcing partners who can help reduce costs, improve process efficiency and provide strong life science-specific industry expertise,” said Eric Newmark, Program Director, IDC Health Insights, Business Systems Strategies Program. “Relative to other vendors discussed in the report, and based on feedback from multiple customer references, Tata Consultancy Services received high marks for its technical skills and capabilities.”

“The life sciences sales and marketing space is continuously evolving with a growing focus on automation of processes, adoption of mobile platforms, deployment of a multi channel marketing strategy, and effective consolidation of data sources,” said Debashis Ghosh, President – Life Sciences, Manufacturing and Energy, TCS. “TCS has been at the forefront in innovatively addressing customer challenges and helping them remain ahead of the curve, so being recognized as a Leader by IDC is a testament to our strong capability and expertise in the life sciences sales and marketing space.” 

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.

About TCS’ Life Sciences Services

Top global life sciences organizations derive value from TCS’ full services play in IT, consulting, KPO, infrastructure and engineering services as well as new-age business solutions including mobility and Big Data. TCS’ rich industry experience, domain expertise and global footprint ensures that it partners with its life sciences customers to help them advance clinical trial efficiencies, accelerate drug discovery, maximize manufacturing productivity and improve sales and marketing effectiveness. In addition, TCS has a dedicated Life Sciences Innovation Lab, which ensures that its customers have the tools and innovative solutions they need to solve complex business challenges.

KELER LIMITED, THE HUNGARIAN CSD, SELECTS TCS BANCS FOR PLATFORM MODERNIZATION AND T2S SETTLEMENT

Mumbai | Budapest, November 26, 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced, today, that Keler Ltd., Hungary’s Central Securities Depository, has selected the Market Infrastructure solution of TCS BaNCS to modernize its technology and set up its capability for T2S settlement. The TCS BaNCS solution will provide KELER with a modern, standards compliant, multi-asset, multi-entity solution that will enable KELER to quickly introduce new products and services to its market participants and engage with its stakeholders better through faster reporting and communication.

Commenting on the selection, Gyorgy Dudas, CEO, Keler Ltd., said, “We are excited that with this deployment we will be ushering our depository into a unique position in the Central and Eastern European market landscape. This opens up new avenues for us as we enhance our capabilities and offerings and be on time for T2S settlement as well.”

The Market Infrastructure solution of TCS BaNCS is a proven multi-asset class, multi-entity platform, which will enable KELER to modernize the Hungarian post-trade space with improved services to its depository participants, custodians and cash settlement banks both in domestic and cross border markets. KELER will also leverage the standard set of interfaces of TCS BaNCS for interacting with the T2S platform. R Vivekanand, Vice President, TCS, said, “Hungary is an important market for us. We are eager to demonstrate our Market Infrastructure and T2S capability there and expand our track record in the European CSD space. It is a great opportunity to be part of Keler’s vision to herald a new era in the Hungarian capital market.”

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.67
UK Pound	1	Rs. 101.65
Euro	1	Rs. 84.25

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		81

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.