Suzlon Merger
...The Two Companies:
TCS:
History:
It is a part of the Tata Group, founded by Jamsetji Tata in 1848 and one of India’s most respected institutions today.
Established in 1968, Tata Consultancy Services has grown to its current position as the largest IT services firm in Asia based on its record of outstanding service, collaborative partnerships, innovation, and corporate responsibility.
The TCS Division of Tata Sons Limited (Tata Sons) was transferred (the Transfer) to Tata Consultancy Services Limited with effect from April 1, 2004. On August 19, 2004, Tata Consultancy Services Limited offered 22,775,000 equity shares under the initial public offering which are listed on The Stock Exchange,
Mumbai (BSE) and the National Stock Exchange of India (NSE). In connection with the Transfer, TCS Limited paid Rs.23,000 million to Tata Sons.
The transfer of the TCS Division into Tata Consultancy Services Limited has been accounted for on a historical cost basis, as the transfer is a transaction between entities under common control of Tata Sons Limited. Accordingly, the results of the TCS Division have been consolidated with the results of TCS Limited for all periods presented, in a manner similar to pooling of interests. Inter-company transactions have been eliminated.
It is the First and Largest
• Software R&D Centre in India
• Software Exporter from India
• Indian software company to cross the $2bn mark in revenues
Financials:
In the year 2005:
Market cap of TCS was: 56,286.92
• Total Revenues were at US $ 2.24 billion .
• Net income was $512 million.
• Employee strength was : Over 66,000 Associates
• 6 out of top 10 Fortune 500 companies were TCS clients
• First Company in the world to receive an...
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