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Annual Report 2008-09Statement pursuant to exemption received under Section 212(8) of theCompanies Act, 1956 relating to subsidiary companiesRs. in croresSr. Name of the Subsidiary Company Reporting Exchange Capital Reserves Total Total Investment Turnover Profit Provision Profit Proposed CountryNo. Currency Rate Assets Liabilities Other than before for after DividendInvestment Taxation Taxation Taxationin Subsidiary1. APOnline Limited INR 1.00 4.57 (4.07) 7.65 7.15 - 5.69 0.24 0.05 0.19 - India2. MP Online Limited INR 1.00 1.00 (2.32) 26.68 28.00 - 2.84 (0.78) (0.01) (0.77) - India3. C-Edge Technologies Limited INR 1.00 10.00 1.39 14.24 2.85 7.18 10.88 0.12 (0.01) 0.13 - India4. CMC Limited INR 1.00 15.15 367.36 714.24 331.73 119.88 840.26 127.67 22.10 105.57 22.73 India5. Diligenta Limited GBP 72.63 312.31 95.79 569.44 161.34 - 526.94 (53.01) (12.14) (40.87) - U.K.6. Tata Consultancy Services Canada Inc.(formerly Exegenix Canada Inc.) CAD 40.46 7.83 (6.03) 2.18 0.38 1.37 1.50 (0.20) - (0.20) - Canada7. Tata America International Corporation USD 50.74 1.01 1,773.41 2,814.87 1,040.45 - 13,564.37 711.30 268.50 442.80 - U.S.A.8. Tata Consultancy Services Asia PacificPte Ltd USD 50.74 22.33 119.01 411.52 270.18 5.94 549.96 71.30 4.71 66.59 - Singapore9. Tata Consultancy Services Belgium SA EUR 67.57 1.26 49.85 106.82 55.71 - 291.07 30.46 10.46 20.00 - Belgium10. Tata Consultancy Services Deutschland GmbH EUR 67.57 1.01 48.94 226.94 176.99 - 534.94 18.46 5.92 12.54 - Germany11. Tata Consultancy Services Netherlands BV EUR 67.57 445.96 166.23 693.67 81.48 - 623.85 77.11 19.84 57.27 - Netherlands12. Tata Consultancy Services Sverige AB SEK 6.17 0.06 41.45 162.33 120.82 - 262.99 19.77 5.37 14.40 - Sweden13. Tata Infotech (Singapore) Pte. Limited USD 50.74 0.17 1.20 1.51 0.14 - 0.02 (0.16) - (0.16) - Singapore14. TCS FNS Pty Limited AUD 35.16 3.52 (2.18) 130.34 129.00 - 0.04 (1.18) - (1.18) - Australia15. TCS Iberoamerica SA USD 50.74 71.35 259.67 482.16 151.14 - 1.74 (3.24) - (3.24) - Uruguay16. WTI Advanced Technology Ltd. INR 1.00 1.05 51.40 53.52 1.07 33.50 13.64 1.24 1.48 (0.24) - India17. Tata Consultancy Services Morocco SARL AU MAD 6.06 0.01 (8.44) 4.11 12.54 - 0.07 (6.71) - (6.71) - Morocco18. Tata Consultancy Services (Africa) (PTY) Ltd. ZAR 5.31 7.43 (0.13) 7.32 0.02 - 0.02 (0.01) - (0.01) - South Africa19. CMC Americas Inc USD 50.74 8.12 24.50 111.07 78.45 - 271.39 16.91 5.83 11.08 - U.S.A.20. Financial Network Services (Beijing) Co. Ltd. CNY 7.43 1.43 (7.98) 25.09 31.64 - 37.62 (11.01) 0.36 (11.37) - China21. Tata Information Technology (Shanghai)Company Limited CNY 7.43 30.05 34.24 89.21 24.92 - 175.30 22.84 3.24 19.60 38.61 China22. Tata Consultancy Services (China) Co., Ltd. CNY 7.43 76.27 2.90 90.99 11.82 - 63.58 12.70 0.48 12.22 - China23. TCS Solution Center S.A. USD 50.74 1.05 (7.12) 60.81 66.88 - 159.14 (5.99) 0.17 (6.16) - Uruguay24. Tata Consultancy Services Argentina S.A. USD 50.74 3.17 (16.32) 10.78 23.93 - 19.60 (13.41) - (13.41) - Argentina25. Tata Consultancy Services Do Brasil Ltda USD 50.74 191.77 5.94 288.78 91.07 - 391.62 (31.86) 7.73 (39.59) - Brazil26. Tata Consultancy Services De Mexico S.A.,De C.V. USD 50.74 1.17 65.50 156.65 89.98 - 375.34 82.38 20.12 62.26 - Mexico27. Tata Consultancy Services De Espana S.A. USD 50.74 0.46 (1.36) 35.51 36.41 - 51.11 (0.47) - (0.47) - Spain28. TCS Italia SRL EUR 67.57 10.81 (8.48) 103.35 101.02 - 101.30 (1.66) 2.47 (4.13) - Italy29. Tata Consultancy Services Japan Ltd. JPY 0.52 3.09 34.39 95.83 58.35 - 266.22 5.32 0.46 4.86 - Japan30. Tata Consultancy Services Malaysia Sdn Bhd MYR 13.92 2.78 10.04 16.88 4.06 - 17.35 6.17 0.58 5.59 - Malaysia31. Financial Network Services Malaysia Sdn Bhd @ MYR 13.92 0.14 (0.12) 0.09 0.07 - - - - - - Malaysia188
Rs. in croresSr. Name of the Subsidiary Company Reporting Exchange Capital Reserves Total Total Investment Turnover Profit Provision Profit Proposed CountryNo. Currency Rate Assets Liabilities Other than before for after DividendInvestment Taxation Taxation Taxationin Subsidiary32. Tata Consultancy Services Luxembourg S.A EUR 67.57 10.14 1.42 52.97 41.41 - 60.95 (1.12) 0.05 (1.17) - Luxembourg33. Tata Consultancy Services Portugal UnipessoalLimitada USD 50.74 0.03 8.57 14.17 5.57 - 22.35 3.72 1.04 2.68 - Portugal34. Tata Consultancy Services Chile S.A. USD 50.74 2.53 7.15 13.45 3.77 - 46.77 (2.69) (0.33) (2.36) - Chile35. TCS Inversiones Chile Limitada USD 50.74 131.92 100.47 237.05 4.66 - (0.04) (0.07) 0.28 (0.35) - Chile36. Tata Consultancy Services BPO Chile SA USD 50.74 132.06 95.55 322.57 94.96 10.59 203.81 3.70 2.39 1.31 - Chile37. Syscrom S.A. CLP 0.09 0.75 17.98 18.80 0.07 - 1.50 0.81 (0.01) 0.82 - Chile38. Custodia De Documentos Interes Limitada CLP 0.09 0.03 6.91 7.20 0.26 - 2.26 1.38 0.15 1.23 - Chile39. TATASOLUTION CENTER S.A USD 50.74 5.08 37.69 117.66 74.89 - 208.99 37.32 11.02 26.30 - Ecuador40. TCS Financial Solutions Australia Holdings PtyLimited AUD 35.16 48.98 (13.12) 35.86 - - - - - - - Australia41. TCS Financial Solutions Australia Pty Limited AUD 35.16 0.01 (92.38) 250.54 342.91 - 4.48 (67.95) 23.06 (91.01) - Australia42. TCS Management Pty Ltd. AUD 35.16 1.10 (18.89) 8.19 25.98 - 18.34 (13.10) - (13.10) - Australia43. Financial Network Services (Europe) Plc * GBP 72.63 0.36 (0.22) 0.22 0.08 - - - - - - UK44. PT Financial Network Services USD 50.74 0.30 (0.49) 4.10 4.29 - 3.11 0.34 0.12 0.22 - Indonesia45. PT Tata Consultancy Services Indonesia IDR 0.004313 0.43 (0.39) 5.12 5.08 - 5.06 (0.69) - (0.69) - Indonesia46. Financial Network Services (Africa) (Pty) Ltd. @ ZAR 5.31 0.01 - 0.01 - - - - - - - South Africa47. Financial Network Services (H.K.) Limited HKD 6.55 0.01 (0.45) 0.02 0.46 - 1.49 (0.01) - (0.01) - Hong Kong48. Tata Consultancy Services Switzerland Ltd. CHF 44.55 6.68 118.38 331.31 206.25 8.21 412.29 15.23 3.24 11.99 - Switzerland49. Tata Consultancy Services France SAS EUR 67.57 6.76 (7.34) 103.80 104.38 - 136.95 (8.01) 0.23 (8.24) - France50. Tata Consultancy Services (South Africa)(PTY) Ltd. ZAR 5.31 9.56 5.90 98.91 83.45 - 88.08 5.31 1.49 3.82 - South Africa51. TCS Financial Management, LLC USD 50.74 - - - - - - - - - - U.S.A.52. Tata Consultancy Services (Philippines) Inc.(w.e.f. 19.09.2008) PHP 1.05 0.90 0.08 0.99 0.01 - 0.13 0.08 - 0.08 - Philippines53. Tata Consultancy Services (Thailand) Limited(w.e.f. 12.05.2008) THB 1.43 1.14 (0.29) 0.85 - - - (0.29) - (0.29) - Thailand54. TCS e-Serve Limited (w.e.f. 31.12.2008) INR 1.00 12.40 608.75 898.93 277.78 3.00 340.14 117.48 41.88 75.60 - India55. TCS e-Serve International Limited(w.e.f. 31.12.2008) INR 1.00 10.00 (27.18) 78.58 95.76 - 17.10 (25.05) 0.08 (25.13) - India56. TCS e-Serve America, Inc (w.e.f. 10.02.2009) USD 50.74 0.01 (0.01) 0.03 0.03 - - - - - - U.S.A.Notes:1. Indian rupee equivalents of the figures given in foreign currencies in the accounts of the subsidiary companies, are based on the exchange rates as on 31.03.2009.2. @ The financial year of these companies ends on June 30. However, the results given are as of March 31, 2009.3. *Dissolved on December 2, 2008.189
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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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SCHEDULE ‘Q’ - NOTES TO ACCOUNT
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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
Page 151 and 152: 19) Micro and Small Enterprises(Rs.
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
Page 161 and 162: Schedules forming part of the Conso
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,
Page 183 and 184: Particulars Geographic Segment (Rs.
Page 185 and 186: B) Transactions with related partie
Page 187 and 188: 2009 2008(Rs. in crores)(Rs. in cro
Page 189: Net loss on derivative instruments
Page 193 and 194: Awards and RecognitionsWall Street
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