in a Dynamic Environment - Domain-b

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Annual Report 2008-09D) Disclosure of Material Transactions with Related Parties2009 2008(Rs. in crores)(Rs. in crores)RevenuesTata Teleservices Limited 207.11 209.83Tata Sky Limited (formerly Space Tv Limited) 23.93 32.35Conscripti (Pty) Limited (ceased to be an associate w.e.f. 24.01.2008) - 16.39Purchase of Goods, Services and FacilitiesTata AIG General Insurance Company Limited 9.04 7.41Tata Teleservices Limited 32.53 23.33Tata Teleservices (Maharashtra) Limited 16.68 15.12Tata Consultancy Services Canada Inc.(formerly Exegenix Research Inc.) 2.79 6.14Purchase of Fixed AssetsTCE Consulting Engineers Limited 4.05 1.22Conscripti (Pty) Limited (ceased to be an associate w.e.f. 24.01.2008) - 0.09Purchase of InvestmentsNational Power Exchange Limited (w.e.f 11.12.2008) 2.50 -Loans given during the yearTata Sons Limited 1.35 -Rent paidTata Limited 1.32 1.33Tata Sons Limited 1.87 0.39Bad debts written-offTata Internet Services Limited - 0.02Conscripti (Pty) Limited (ceased to be an associate w.e.f. 24.01.2008) - 0.01Dividend PaidTata Sons Limited 1018.67 965.80Debtors, Unbilled Revenue, Loans and AdvancesTata Teleservices Limited 64.62 42.12Tata Realty And Infrastructure Limited 46.15 -Tata Sky Limited (formerly Space Tv Limited) - 6.09Tata Capital Limited (formerly Primal InvestmentAnd Finance Limited) - 10.30Sundry Creditors, Advance billings anddeferred revenues, Advances from CustomersTata Sons Limited 63.64 53.70Conscripti (Pty) Limited (ceased to be an associate w.e.f. 24.01.2008) - 0.05Tata Teleservices Limited 11.15 5.32Inter Corporate DepositsTata Realty And Infrastructure Limited 100.00 -184
2009 2008(Rs. in crores)(Rs. in crores)Interest IncomeTata Realty And Infrastructure Limited 10.16 -Remuneration to Key Management PersonnelS. Ramadorai 4.10 3.37S. Mahalingam 1.70 2.31N. Chandrasekaran 1.92 1.41Phiroz Vandrevala 1.41 1.00S. Padmanabhan (ceased to be an Executive Directorw.e.f 06.02.2008) - 0.9217) Contingent LiabilitiesParticulars As at As atMarch 31, 2009 March 31, 2008(Rs. in crores)(Rs. in crores)Claims against the Group not acknowledged as debt(See note (i) below) 65.17 117.41Income Taxes (See note (ii) below) 490.14 5.63Indirect Taxes 40.42 25.87Guarantees given by the Group(See note (iii) below) 2019.34 2091.86Unexpired Letters of Credit 54.63 29.28Other Contingencies 8.88 2.96Notes:i) The Company is contesting claims made by lessors for properties leased under tenancy agreements in the courts.In respect of these claims, a provision has been held for Rs. 67.58 crores (March 31, 2008: Rs. 11.83 crores) andRs. 32.90 crores (March 31, 2008: Rs. 81.54 crores) have been included above under the head “Claims against theCompany not acknowledged as debt”.ii) Income tax matters includes Rs. 220.72 crores in respect of TCS e-Serve Limited (formerly known as Citigroup GlobalServices Limited (CGSL)), a business process outsourcing services provider in the Banking and Financial Servicessector in which the Company acquired 96.26 percent stake during the year. TCS e-Serve Limited has also paidadvance taxes aggregating Rs. 162.27 crores against the disputed amounts for the relevant assessment years. TheCompany is entitled to an indemnification of the above referred contingent claims on TCS e-Serve Limited from theseller and would be required to pay amounts equal to amounts refunded to TCS e-Serve Limited on those claims asan adjustment to the purchase price consideration.iii) The Group has provided guarantees aggregating to Rs. 1833.80 crores (GBP 252.50 million) (March 31, 2008:Rs. 2006.93 crores, GBP 252.50 million) to third parties on behalf of its subsidiary Diligenta Limited.iv)The Group has examined the social security and tax aspects of contracts with legal entities which provide services toan overseas subsidiary and, based on legal opinion, concludes that the subsidiary is in compliance with the relatedstatutory requirements.185
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Annual Report 2008 - 09agilityina D
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ContentsBoard of Directors 2Our Lea
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Laura M ChaIndependentDirectorDr. R
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N ChandrasekaranChief Operating Off
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Your Company remained focused on he
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"TCS is a valued customer, supplier
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“Nielsen is moving quickly to tra
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Board of DirectorsR N Tata (Chairma
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Management TeamFunctionNameIndustry
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3. DividendBased on the Company's p
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The Company has also been rated by
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11. Corporate SustainabilityIn keep
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13. Corporate Governance Report and
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Annexure to the Directors’ Report
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Expenditure on R&D(Rs. in crore)Yea
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Sr. Name Age Designation Gross Net
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DECLARATION REGARDING COMPLIANCE BY
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Chart 3: IT Services spends by indu
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B. FOCUS AREAS OF THE COMPANY1. Vis
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2.6 Organisation: From April 2008,
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Company also offers PerformanceMana
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4. R&D and Innovation Labs: TCS est
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Chart 24: Diversity: Global work fo
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The Company’s ability to bid for
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Corporate Governance practices and
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TCS LIMITED (UNCONSOLIDATED)RESULTS
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eduction in cost of software licens
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FINANCIAL POSITION - TCS LIMITED(UN
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Deferred tax assets (net)Details of
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Cash flow from investing activities
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RevenuesRevenues from operationsThe
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The primary reasons for the decreas
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obligations under finance lease was
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Rs.137.03 crore as at March 31, 200
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COMPANY'S CONSOLIDATED PERFORMANCE
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INTERNAL CONTROL SYSTEMS AND THEIR
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Name of Category Number of Board Wh
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(v)The composition of the Audit Com
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(ix)Group Health Insurance as separ
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Capital and revenue budgets and cap
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(vi)Market Price Data:High, Low (ba
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(xi) Shareholding as on March 31, 2
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COMPLIANCE CERTIFICATETO THE MEMBER
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ANNEXURE TO THE AUDITORS' REPORT(Re
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trading in shares, securities, debe
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INCOMEProfit and Loss Account for t
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Schedules forming part of the Balan
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Schedules forming part of the Profi
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Page 137 and 138: services are rendered. Revenue from
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Page 141 and 142: The estimate of future salary incre
Page 143 and 144: Particulars Geographic Segment (Rs.
Page 145 and 146: ii) TCS Financial Solutions Austral
Page 147 and 148: (Rs. in crores)Particulars Holding
Page 149 and 150: (Rs. in crores)2009 2008Remuneratio
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Page 153 and 154: Number of Number of Gross AmountNon
Page 155 and 156: No. of Shares* Tata Consultancy Ser
Page 157 and 158: AUDITORS’ REPORT ON CONSOLIDATED
Page 159 and 160: Consolidated Profit and Loss Accoun
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Page 163 and 164: SCHEDULE ‘D’UNSECURED LOANSSche
Page 171 and 172: e) DepreciationDepreciation other t
Page 173 and 174: Dividends are recorded when the rig
Page 175 and 176: Name of the Company Country of Perc
Page 177 and 178: 3) Acquisitions / Divestmenta) On M
Page 179 and 180: Funded retirement benefits Indian F
Page 181 and 182: 7) Unbilled revenue as at March 31,
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Page 185: B) Transactions with related partie
Page 189 and 190: Net loss on derivative instruments
Page 191 and 192: Rs. in croresSr. Name of the Subsid
Page 193 and 194: Awards and RecognitionsWall Street
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