Tata Consultancy Services Limited (TCS) is an Indian multinational information

technology (IT) service, consulting and business solutions company headquartered in

Mumbai, Maharashtra.
TCS operates in 46 countries. It is a subsidiary of the Tata Group and is listed on the
BSE and the NSE.
TCS is the largest Indian company by market capitalization and is the largest Indiabased IT services company by 2013 revenues.
TCS is now placed among the Big 4 most valuable IT services brands worldwide

Industry- IT services, IT consulting

Founded -1968

Founders- J.R.D Tata

Headquarters -Mumbai, Maharashtra

Key people -N. Chandrasekaran

(CEO & MD)

Services- IT, business consulting and outsourcing services

Revenue- US$ 14.44 billion (2013-14)
Parent- Tata Group

N.Chandrasekar
an

IMF forecasts the

world output will
Overview of economy and industry- The growth momentum grow by 3.6% in
2014
Spending on
in the revitalization of global economy is expected to be
technology services is
carried forward during the year 2014. Investment in technology going at a pace of
4.5%
is among top three priorities of
companies across the world.
Key elements of growth strategy : Customer centricity, full
services portfolio, global network delivery model.
Human resource strategy : ONETCS culture helped the
company to integrate its diverse global talent.

segmen
Banking,finacial services
&insurance

revenue

Manufacturing
Retil& consumer packaged goods
telecom,media& entertainment
others

%growth

35112.41

29.35

6989.36
11309.06
9613.74
18784.79

34.01
34.61
27.51
27.9

segment revenue

Banking,finacial
services &insurance
Manufacturing

23%

43%

Retil& consumer
packaged goods
telecom,media&
entertainment
others

12%

14%
8%

growth rate(%)

Growth in geographical revenueOver the last ten years, the company

Banking,finacial
services &insurance
Manufacturing
18%

19%

Retil& consumer
packaged goods

18%
22%

telecom,media&
entertainment
others

23%

Had impressive performance in Europe

(34%), UK (28%), North
America(25%), validating our social

strategy.
Revenue trend- revenue in fiscal 2014
grew to Rs 81809 crores.-an impressive
8-fold increase in ten years.

Academic interface programme : The Company continues to invest on AIP initiatives fo

developing faculty for academic institutes, improving employability of students and devel
as per industry requirements.

Talent acquisition and retention: TCS continues to remain the employer of choice at the
engineering campuses in India. The Inspire programme continues to identify and
develop high-potential employees for leadership roles. Potential leaders are nurtured

through training and coaching and given challenging roles to build leadership capability.

EPS growth
120

100

80

Also the financial statements :

60

EPS growth

consolidated and stand alone have

40

been shown in the MDA , some notes

20

0
2010

2011

2012

2013

2014

as to what comprises the financial

statements have been represented by

TCS has shown consistent growth in

EPS. The growth in last 5 years has
been remarkable.

the management discussion analysis .

category

no. of share hold

Promoters

1,44,34,51,698

other entities other than

promoter

39,69,412

insurance company

7,96,67,652

4.07

indian public & other

7,70,32,215

3.93

mutual fund &UTI

2,46,03,469

1.26

corporate bodies

1,17,46,554

0.6

Banks,finacial
institution,central & state govt 7,93,546
FIIs

31,54,54,993

NRI

20,08,440

%
73.69
0.2

0.04
16.11
0.1

categories of equity shareholder

80
70
60
50
40
30
20
10
0

Name

Age

Designatio
n

Qualification

Cyrus Mistry

Chairmen

Civil engineering
and master of
science in mgt.
from london
business school

S Ramadorai

Vice
Chairman

N Chandrasekaran

CEO and
MD

Functional
area

Aman Mehta

68

Director

Bachelors in
Wide
Economics from DU experience in
Banking and
Finance

V Thyagarajan

68

Director

B. Tech and M.B.A.

from the Indian
Institute of
Management,
Ahmadabad

Wide
experience in
Marketing and
Corporate
Management in

Prof. Clayton M
Christensen

62

Director

B.A.
(Economics),
M.Phil.
(Economics),
MBA and DBA
from Harvard
Business School

Expertise in
Technology
and
Operations
Management
and General
Management

Dr. Ron Sommer

65

Director

PhD in PhD in
MathematicMathe
matic

Wide
experience in
Telecom and
Business

Dr. Vijay Kelkar

72

Director

B.S. from
University of Pune
, M.S. from
University of
Minnesota, PhD.

Retired senior
bureaucrat in
the
Government of
India

Ishaat Hussain

Director

Phiroz
Vandrevala

61

Director

Bachelors in
Commerce

Wide
experience in
the software
industry

O. P. Bhatt

63

Director

Graduate degree
in Science, Post
Graduate degree
in English
Literature (Gold
Medal)

Wide
experience in
Banking and
Financial
Markets

Issues of Equity Share

Redemption of preference shares and capital redemption reserve account

Dividend

Transfer to reserves

Companys performance

Strategic acquisition

Restructuring of unlisted subsidiary companies

Human resource development

Conservation of energy

Research and development

Auditors

Auditors responsibility is to express an opinion on these financial statements based

on audit.

Opinion
The aforesaid financial statements give the information required by the Act in the

manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India.

In respect of the Companys fixed assets:

The fixed assets were physically verified during the year by the Management, no
material discrepancies were noticed on such verification.

In respect of the Companys inventories:

According to the information and explanations from the procedures of physical
verification of inventories, the Company has maintained proper records of its
inventories and no material discrepancies were noticed on physical verification.

 In respect of statutory dues:

(a) The Company has generally been regular in depositing undisputed statutory dues
and there were no undisputed amounts payable in respect of Provident Fund,
Investor Education and Protection Fund, Employees State Insurance, Income Tax,

Sales Tax and Value Added Tax, Wealth Tax, Service Tax, Custom Duty, Excise
Duty, Cess and other material statutory dues

The funds raised by the company on short-term basis have not been used during the
year for long term investment.

TATA CONSULTANCY
SERVICES

cr
market value
no of share
market capitalisation
Debt
short term debt
long term debt
capital lease
Minority/prefered stock

2642.6
195.87
517606.1
369.66
25.79
89.69
254.18
168

cash &cash equivalent

12566.26

Enterprise value

505577.5

EBITDA
revenue
EV/EBITDA
EV/REVENUE

25152.79
67787.64
20.10025
7.458254

INFOSYS
c
r

market value
no of share

4350.75
265

market capitalisation
Debt
short term debt

1152949
46459
35769

long term debt

capital lease
Minority/prefered
stock
cash &cash equivalent

9630
1060
1387
105549

Enterprise value

1095246

EBITDA
revenue
EV/EBITDA
EV/REVENUE

96082
403684
11.39907
2.713126

COMPARING TCS AND INFOSYS

COMPARING TCS
AND INFOSYS
EV/EBITDA

COMPARING TCS AND INFOSYS

0

10

15

20

25

COMPARING TCS
AND INFOSYS
EV/REVENUE

current investments
inventories
unbilled revenue
trade receivables
cash and bank balances
short term loans and advances
other current assets
total

733.87
8.57 current ratio
2626.08
14471.89
12566.25 quick ratio
3688.12
740.02
34834.8

current liabilities
short term borrowings
trade payables
other current liabilities
short term payables
total

nil

3977.55
2450.32
5827.83
12255.7

2.84233
1.08521

Debt
secured loans

88.64

unsecured loans

short term secured loans

current maturities of long term debt
other long term borrowings
short term operating lease liabilities

fixed assets

8976.72

non current
investments

5098.55

1.05

nil
0.47
343.99
26.26

proposed final dividend on equity shares 3917.46

proposed dividend on redeemable pref.
shares28.76
operating lease liabilities

254.18

total

714.59

current investments
inventories
other current assets
total assets

733.87
8.57
740.02
15557.73

equity
shareholders funds

195.87

debt to equity ratio

0.274101

debt to total assets

0.01259

Interest Coverage Ratio = EBIT/Interest Expenses = 919.851

revenue from operations

fixed assets
non current investments
current investments
inventories
other current assets
total assets

fixed assets turnover ratios

total assets turnover ratio

67787.64
8976.72
5098.55
733.87
8.57
740.02
15557.73

7.551493
4.357168

debtors
capital advances
loans and adavances to employees
loans and advances to related parties
other loans and advances
considered doubtfull
total recievables

138.41
1108.24
-19.52
14471.89

short term loans and advances

3688.12

total
debor turnover ratio

351.99
7.04

19746.17
3.432951