TCS registered a turnover of Rs 640 crore from its telecom business,
exhibiting a growth of 7.2 percent as compared to Rs 597 crore in the fiscal
2000-01. This forms around 15 percent of its total turnover which was to the
tune of Rs 4,187 crore.
In the fiscal 2001-02, the company took over the government-owned networking
leader CMC Ltd. Tata Sons, of which TCS is a division, now holds 51 percent
stake in CMC. The year also saw TCS expanding its horizons, both geographically
and technologically. It made its presence in Asia-Pacific and consolidated in
traditional markets like the US and Europe. TCS also entered into a couple of
technology alliances–with Tivenet to market value-added solutions in
m-commerce to wireless carriers and ISPs, and with Portal Software is to jointly
address the telecommunications needs of the Asia-Pacific market.
TCS also operates an offshore development center at Hyderabad for Ericsson,
which will outsource TCS’ expertise in the telecom domain for high-end
solutions in areas like digital-switching, wireless networks and mobile
Â In January 2002, TCS made Chennai its telecom services hub. This fiscal, it
plans to invest Rs 5 crore on the OSS lab at Tidel Park there and hire around
600 consultants for telecom services. On the services front, about 60 percent of
the revenue came from service providers such as Qwest and British Telecom. The
rest came from equipment vendors such as Ericsson.