in a Dynamic Environment - Tata Consultancy Services
in a Dynamic Environment - Tata Consultancy Services
in a Dynamic Environment - Tata Consultancy Services
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Under his leadership, the enablers for TCS’ accelerated growth<br />
were put <strong>in</strong> place. It was restructured <strong>in</strong>to a doma<strong>in</strong> led<br />
organisation, capabilities were evolved to deliver end-to-end<br />
solutions and organisation-wide uniform quality processes<br />
were<strong>in</strong>troducedandre<strong>in</strong>forced.<br />
TCS became the world’s first organisation to achieve an<br />
Integrated Enterprise-wide Maturity Level 5 on both Capability<br />
Maturity model and People Capability Maturity model; these<br />
are frameworks conceptualised by the Software Eng<strong>in</strong>eer<strong>in</strong>g<br />
Institute at Carnegie Mellon University, to benchmark and<br />
appraise the software process and people management<br />
processofanorganisation.<br />
As the offshore model of software development ga<strong>in</strong>ed<br />
currency among global corporations, Ramadorai played an<br />
active role <strong>in</strong> establish<strong>in</strong>g Offshore Development Centers<br />
(ODCs) <strong>in</strong> India to provide high-end quality solutions to major<br />
corporations such as HPand GE. Under his leadership,<br />
Technology Excellence Centers were set up <strong>in</strong> India with a view<br />
to rema<strong>in</strong> abreast with chang<strong>in</strong>g technologies at all times.<br />
Internal operational efficiency were given a boost by an<br />
Enterprise-widedigitisation<strong>in</strong>itiative.<br />
One turn<strong>in</strong>g po<strong>in</strong>t <strong>in</strong> 1989 was SEGA–aprojecttodesign,build<br />
and implement on a turnkey basis a new system for the Swiss<br />
Corporation for Securities, Clear<strong>in</strong>g and Settlement. The 350person<br />
year project went live on schedule and established the<br />
TCS brand as a global technology partner with unmatched<br />
credentialsfordeliveryexcellence.Thisprovidedaplatformfor<br />
10 | TCS Annual Report 2008-09<br />
"Over the last few decades India's Bank<strong>in</strong>g sector has transformed itself<br />
by the adoption and deployment of technology. TCS has been at the<br />
forefront of this revolution. A transformational partnership with TCS<br />
has enabled State Bank of India, India's largest bank, to provide topclass<br />
services to millions of Indians. Under Mr. Ramadorai's leadership,<br />
TCS has evolved <strong>in</strong>to a trusted bus<strong>in</strong>ess partner for lead<strong>in</strong>g<br />
organizations like SBI."<br />
O P Bhatt,<br />
Chairman, State Bank of India<br />
TCS to build India’s f<strong>in</strong>ancial and capital market <strong>in</strong>frastructure<br />
<strong>in</strong>clud<strong>in</strong>gthestate-of-the-artNationalStockExchangewhichis<br />
among the biggest exchanges <strong>in</strong> terms of volumes as well as the<br />
National Securities Depository which made the Indian stock<br />
marketspaperless.<br />
TCS to build India’s f<strong>in</strong>ancial and capital market <strong>in</strong>frastructure<br />
<strong>in</strong>clud<strong>in</strong>gthestate-of-the-artNationalStockExchangewhichis<br />
among the biggest exchanges <strong>in</strong> terms of volumes as well as the<br />
National Securities Depository which made the Indian stock<br />
marketspaperless.<br />
New horizons emerged for the bus<strong>in</strong>ess <strong>in</strong>clud<strong>in</strong>g the Y2K<br />
problem before the end of the millennium, E-bus<strong>in</strong>ess services,<br />
BPO services and Eng<strong>in</strong>eer<strong>in</strong>g services. TCS’global growth saw<br />
an expansion <strong>in</strong> its customer list, its global network and<br />
presence, <strong>in</strong>creased <strong>in</strong>teraction with professional groups and<br />
earned a greater voice share with the Indian Government on<br />
policymatters.<br />
In 2003,TCS became India’s first billion dollar IT <strong>Services</strong> Company<br />
and soon after the follow<strong>in</strong>g year, went public through an IPO<br />
which was at that time the largest ever <strong>in</strong>itial public offer<strong>in</strong>g.