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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Tata Consultancy Services : TCS Named a 2022 Global Top Employer

01/24/2022 | 01:44am EDT
  • Tata Consultancy Services is One of Only 11 Organizations to Receive the Title
  • TCS Recognized as the #1 Top Employer in the United States, Europe and Asia Pacific; #2 in Latin America; Ranked Among Top Three Employers across 18 Countries

MUMBAI, January 24, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) is recognized as a Global Top Employer for the seventh year in a row by the Top Employers Institute. TCS is one of only 11 Global Top Employers recognized this year for excellence in people practices.

TCS is ranked the number one Top Employer in the United States, Europe and Asia Pacific; and number two in Latin America. In the country rankings, it is placed among the top three Top Employers across 19 countries for which the results have been announced - Australia, Hong Kong, China, India, Malaysia, Philippines, Singapore, Belgium, Denmark, Finland, Hungary, Netherlands, Sweden, Switzerland, Brazil, Chile, Saudi Arabia, United States and Mexico. In addition, TCS is named a Top Employer in the United Kingdom, France, Germany, Italy, Spain, United Arab Emirates, and South Africa.

To arrive at the list of toppers, the Top Employer Institute evaluates the HR practices of companies in 6 areas covering 20 functions, including people strategy, leadership, digital HR, employer branding, on-boarding, work environment, talent acquisition, career management, learning, well-being, engagement, ethics, sustainability, and diversity and inclusion.

"We are pleased to be named a Global Top Employer for the seventh consecutive year. Our commitment towards the success and wellbeing of our employees is paramount and through these challenging times, we continue to work towards bringing the TCS family closer and achieving greater successes together," said Milind Lakkad, CHRO, TCS.

The Top Employers Institute recognized TCS for its employee-friendly workplace practices and continued investments in building up talent across the organization through professional development initiatives and digital skills programs.

The company's continued investment in organic talent development, focus on upskilling and innovative training methods, learning platforms, and certifications, have resulted in industry-leading outcomes. It also organizes hackathons and contests to encourage gamified problem solving and to identify top notch talent. The company has trained over 421,000 employees on digital technologies. In the quarter ended December 2021, employees gained over 100,000 market-relevant skills.

TCS' Contextual Masters program celebrates experienced employees who build up deep knowledge about the customer's business and technology landscape on the job and use that contextual knowledge to create value. Over 38,000 individuals have been identified as contextual masters till date. This knowledge and the large pool of digital experts have been central to TCS' engagement with some of the world's top corporations in their growth and transformation initiatives.

TCS' purpose-driven people culture and world-leading HR practices have made the company the global industry benchmark in talent retention. Its attrition rate in IT services on a last twelve months' basis was 15.3% at the end of the December quarter, the lowest in the industry. TCS' 556,000 employees represent a diverse workforce comprising 156 nationalities. It recently crossed a new milestone in its diversity journey, with the number of women in the workforce exceeding 200,000.

During the pandemic, TCS prioritized safety and wellbeing of employees by encouraging vaccination, promoting physical exercise, and sharing tips for healthy living. TCS' HR team spearheaded wellbeing efforts by putting in place effective support mechanisms including guidance and counselling services.

David Plink, CEO, Top Employers Institute, said: "Reflecting on the demanding year that has, like the year before it, impacted organizations across the world, our global Top Employers have continued to prioritize going above and beyond to maintain their excellent people practices in the workplace. As a global Top Employer, TCS, has proved their unwavering commitment to their employees on an international level that spans numerous countries. They join a small group of companies that have achieved a global certification through the Top Employers Program. We are excited to celebrate and applaud them for their achievement in 2022."

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 556,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.

TCS Media Contacts Asia Pacific

Email: wenjian.lin@tcs.com

Phone: +65 9695 9948

Australia and New Zealand

Email: kelly.ryan@tcs.com

Phone: +61 422 989 682

Canada

Email: Tiffany.fisher@tcs.com

Phone: +1 416-456-7650

Europe

Email: joost.galema@tcs.com

Phone: +31 615 903387

India

Email: saxena.kritika@tcs.com

Phone: +91 22 6778 9999

Email: vanshika.sood@tcs.com

Phone: +91 22 67789098

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: martin.karich@tcs.com

Phone: +569 6170 9013

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: william.thomas@tcs.com

Phone: +1 203 984 3978

Disclaimer

TCS - Tata Consultancy Services Ltd. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 06:43:01 UTC.


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Financials
Sales 2023 2 190 B 28 236 M 28 236 M
Net income 2023 436 B 5 618 M 5 618 M
Net cash 2023 456 B 5 873 M 5 873 M
P/E ratio 2023 27,6x
Yield 2023 2,67%
Capitalization 11 933 B 154 B 154 B
EV / Sales 2023 5,24x
EV / Sales 2024 4,63x
Nbr of Employees 592 195
Free-Float 28,8%
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Number of Analysts 41
Last Close Price 3 261,30 INR
Average target price 3 939,02 INR
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Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
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K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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