Source Name: Tata Consultancy Services Ltd.

Tata Consultancy Services Expands Singapore Operations

New 1000-seat Center to deliver Digital and IT Services to Leading Global Banks

Mar 17, 2015 16:03 IST

Mumbai, Maharashtra, India; Singapore

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced that it has expanded its presence in Singapore with the opening of the new 1000-person TCS Singapore Banking and Financial Services (BFS) Center. The facility will provide a range of Application Development, Digital and IT Services to leading global banks in the Asia Pacific region. The new Center was inaugurated by TCS CEO N. Chandrasekaran.

TCS’ BFS business has grown substantially in Singapore, and is a recognized leader in the sector. The new TCS Singapore BFS Center replaces a 500-seat centre opened in 2011 and will offer a broader range of services, with a major focus on Digital offerings.

“TCS has a long history in Singapore, with operations spanning nearly 30 years, during which we have seen a growing shift of our global banking and financial services clients moving core elements of their operations to Singapore, in order to be closer to the fast emerging Asia region, and to leverage talent and government incentives that give them an global competitive edge,” said Girish Ramachandran, President, TCS Asia Pacific. “Singapore is our regional headquarters for APAC operations, and we are committed to expand our presence in this market and to assist our global clients.”

Globally over 40% of TCS’ revenue comes from the BFS sector. TCS partners with the world’s major banks and financial institutions through TCS BFS services and TCS BaNCS software solutions. In Asia Pacific, TCS has partnered with leading banks and financial institutes across the 12 countries it operates in.

Some of the highlights of TCS in Singapore include:

Singapore Marathon IT Consultancy Partner, where TCS provides the mobile app for the nation’s premiere running event
Singapore Airlines & TCS have co-developed TCS CrewCollab Solution a mobile app that enriches customer experience
SMU-TCS iCity Lab relationship, which started in 2011 for research related to intelligent cities and was expanded thru 2018 for a number of research initiatives and projects

About Tata Consultancy Services Ltd (TCS):

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognised as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 318,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.