Tata Consultancy Services Ltd


BSE: 532540 | NSE: TCS | ISIN: INE467B01029 
Market Cap: [Rs.Cr.] 292,200 | Face Value: [Rs.] 1
Industry: Computers - Software - Large

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Board Meet

31-May-13 
Tata Consultancy Services Ltd has informed BSE that by an Order made on April 12, 2013, in the abovementioned Company Summons for Direction, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Tata Consultancy Services Ltd (Applicant Company), be convened and held at Birla Matushri Sabhagar,19, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai - 400 020 on May 31, 2013 at 3.30 p.m., for the purpose of considering and if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Composite Scheme of Arrangement between Tata Consultancy Services Limited and TCS e-Serve Limited and TCS e-Serve International Limited and their respective shareholders (¶he Scheme'). 
17-Apr-13 
Audited Results & To consider Dividend on the Redeemable Preference Shares of the Company for the year ended March 31, 2013. & Final Dividend Tata Consultancy Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 17, 2013, inter alia, to consider the following matters: 1. To approve and take on record the audited financial results of the Company for the year ended March 31, 2013. 2. To propose a Final Dividend on the Equity Shares of the Company and a Dividend on the Redeemable Preference Shares of the Company for the year ended March 31, 2013 for the approval of the shareholders at the ensuing Annual General Meeting. (As per BSE Announcement Dated on 08.04.2013) Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2013, has recommended a final dividend of Rs. 13 per equity share. Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2013, have recommended a Dividend of 19 paise on Redeemable Preference Shares of Re. 1 each of the Company for approval by the shareholders. (As per BSE Announcement Dated on 17.04.2013) 
14-Jan-13 
Tata Consultancy Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 14, 2013, to inter alia, approve and take on record the audited financial results of the Company for the quarter and nine months ended December 31, 2012 and to consider declaration of a Third Interim Dividend to the equity shareholders. Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2013, inter alia, have declared a Third Interim Dividend of Rs. 3 per Equity Share of Rs. 1 each of the Company. (As Per BSE Announcement Dated on 14.01.2013) 
19-Oct-12 
Tata Consultancy Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 19, 2012, inter alia, to approve and take on record the audited financial results of the Company for the quarter and six months ended September 30, 2012 and to consider declaration of a Second Interim Dividend to the equity shareholders. Tata Consultancy Services Ltd has informed BSE that the a meeting of the Board of Directors of the Company will be held on October 19, 2012, inter alia, to consider the restructuring of its following unlisted subsidiary companies, under Section 391 to 394 of the Companies Act, 1956. a. TCS e-Serve Limited, b. TCS e-Serve International Limited, c. Retail FullServe Limited and d. Computational Research Laboratories Limited. (As Per BSE Announcement Dated on 19.10.2012) Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2012, inter alia, have declared a Second Interim Dividend of Rs. 3 per Equity Share of Rs. 1 each of the Company. (As per BSE Announcement Dated on 19.10.2012) Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 18, 2012, have approved the following, pursuant to the provisions of Sections 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956, or any statutory modifications, re-enactments or amendments thereof from time to time: i. Composite Scheme of Arrangement between TCS, TCS e-Serve Limited (e-Serve) and TCS e-Serve International Limited (TEIL) : The Composite Scheme of Arrangement, inter alia, provides for (i) Merger of e-Serve into TCS; and (ii) demerger of TEIL's Special Economic Zone (SEZ) Undertaking(s) to TCS. The Appointed Date proposed for this Scheme is April 01, 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the Scheme of Arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity share(s) of Rs. 1 each of TCS for every 4 equity share(s) of Rs. 10 each of e-Serve held by them. The Swap Ratio has been arrived at based on the valuation report prepared by M/s. Price Waterhouse & Co. Morgan Stanley India Company Private Limited has issued a fairness opinion on the same. ii) Scheme of Merger of Computational Research Laboratories Limited and Retail FuIIServe Limited into TCS: The Scheme of Merger, inter alia, provides for Merger of Computational Research Laboratories Limited and Retail FuIIServe Limited with TCS. The proposed Appointed Date for the merger of CRL is October 01, 2012 and for the merger of RFL is April 01, 2012. Computational Research Laboratories Limited and Retail FuIIServe Limited are wholly-owned subsidiaries of TCS and hence, no shares will be issued upon the scheme becoming effective. The above Schemes are subject to the approval of the members and/or creditors and the Hon'ble High Court(s) and other statutory approvals, as may be required by law. (As per BSE Announcement Dated on 19.10.2012)  
12-Jul-12 
Tata Consultancy Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 12, 2012, inter alia, to approve and take on record the audited financial results of the Company for the quarter ended June 30, 2012 and to consider declaration of an Interim Dividend to the equity shareholders. Tata Consultancy Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2012, inter alia, have declared an Interim Dividend of Rs. 3 per Equity Share of Rs. 1 each of the Company. Further the Company has informed that, the Interim Dividend will be paid to the equity shareholders of the Company on August 07, 2012. (As Per BSE Announcement Website dated on 12/07/2012) 

AGM

29-Jun-12
Tata Consultancy Services Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 09, 2012 to June 15, 2012 (both days inclusive) for the purpose of Payment of Dividends (Final & Special) & 17th Annual General Meeting (AGM) of the Company to be held on June 29, 2012. Tata Consultancy Services Ltd has informed BSE that regarding Clause 35A of the Listing Agreement - Details of Voting Results at the Annual General Meeting of the Company held on June 29, 2012. (As Per BSE Announcement Dated on 02.07.2012) Tata Consultancy Services Ltd has submitted to BSE a copy of the Minutes of the 17th Annual General Meeting (AGM) of the Company held on June 29, 2012. (As Per BSE Announcement Website Dated on 08/08/2012) Tata Consultancy Services Ltd has informed BSE regarding a Press Release dated September 27, 2012 titled 'Tata Consultancy Services Launches Firebird Plus Rapid Deployment Offering For Oracle Fusion Human Capital Management' Press Release: 'Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions global organization, announced today the launch of FIREBIRD PLUS, a new rapid implementation offering for Oracle Fusion Human Capital Management (HCM). A Diamond level partner in Oracle PartnerNetwork (OPN), TCS will leverage its Firebird/Firebird Pius solution along with its proven experience in Oracle Fusion HCM to deploy best-in-class human resource functionality within a fixed scope.' (For more details kindly refer Corporate Announcements on www.bseindia.com). (As per BSE Announcement Dated on 27.09.2012)n  
01-Jul-11
AGM 01/07/2011 Tata Consultancy Services Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company will be held on July 01, 2011 at 3:30 p.m. at Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai 400 020, inter alia, to transact the following business: 1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended March 31, 2011 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors thereon. 2. To confirm the payment of Interim Dividends on Equity Shares for the year 2010-11 and to declare Final Dividend for the year 2010-11 on Equity Shares. 3. To declare Dividend for the year 2010-11 on Redeemable Preference Shares. 4. To appoint a Directors in place of Mr. Aman Mehta, Mr. V Thyagarajan & Mr. S Mahalingam, who retires by rotation, and being eligible offers themselves for re-appointment. 5. To appoint of Mr. Phiroz Vandrevala, as a Director of the Company. 6. Revision in terms of remuneration of Mr. N. Chandrasekaran, Chief Executive Officer and Managing Director with effect from April 01, 2012, for the remainder of the tenure of his appointment i.e. upto October 05, 2014, subject to necessary provisions and approvals. 7. To appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened / acquired hereafter, inIndia or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration. (As Per BSE Announcement Dated on 01.06.2011) Tata Consultancy Services Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on July 01, 2011, inter alia, have accorded to the following: 1. Adoption of the Audited Profit and Loss Account for the year ended March 31, 2011 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors submitted to this meeting. 2. Confirmed and approved the first, second and third interim dividends of Rs. 2.00 each per share on 195,72,20,996 Equity Shares of Rs. 1 each in respect of the Financial Year 2010-11. Further, declaration of a dividend of Rs. 8.00 per share on 195,72,20,996 Equity Share of Rs. 1 each in respect of the financial year ended March 31, 2011. 3. Declaration of a total dividend of 11 paise per share on 100,00,00,000 Redeemable Preference Shares of Rs. 1 each in respect of the financial year ended March 31, 2011. 4. Re-appointment of Mr. Aman Mehta, Mr. V Thyagarajan, Mr. S Mahalingam as Directors of the Company. 5. Re-appointment of Messes Deloitte Haskins & Sells, Chartered Accountants, the retiring auditors of the Company, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting up to the conclusion of the next Annual General Meeting the Company, to examine and audit the accounts of the Company for the Financial Year 2011-12, at such remuneration, terms & conditions. 6. Appointment of Mr. Phiroz Vandrevala as a Director of the Company. 7. Approves of the revision in the terms of remuneration of Mr. N Chandrasekaran, Chief Executive Officer and Managing Director of the Company by way of an increase in the maximum amount of his salary (including the remuneration to be paid in the event of loss or inadequacy of profits in any financial year during the tenure of his appointment), with authority to the Board of Directors to fix his salary within such maximum amount, increasing thereby, proportionately, all benefits related to the quantum of salary with effect from April 1, 2012, for the remainder of the tenure of his appointment i.e. upto October 5, 2014, on terms & conditions. 8. To appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened/acquired hereafter, in India or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration, on necessary terms & conditions. (As Per BSE Announcement Website dated on 05.08.2011) 
02-Jul-10
Tata Consultancy Services Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 17, 2010 to June 28, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on July 02, 2010. Tata Consultancy Services Ltd has informed BSE that the 15th Annual General Meeting (AGM) of the Company will be held on July 02, 2010, inter alia, to transact the following : 1. To receive, consider and adopt the Audited Profit and Loss Account for the year ended March 31, 2010 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors thereon. 2. To confirm the payment of Interim Dividends on Equity Shares for the year 2009-10 and to declare a Final Dividend and a Special Dividend for the year 2009-10 on Equity Shares. 3. To declare Dividend for the year 2009-10 on Redeemable Preference Shares. 4. To appoint a Director in place of Dr. Ron Sommer, Mrs. Laura M. Cha & Mr. R. N. Tata, who retire by rotation, and being eligible offers themselves for re-appointment. 5. To appoint Auditors and fix their remuneration. 6. Appointment of Mr. S. Ramadorai, Dr. Vijay Kelkar & Mr. Ishaat Husain as Directors of the Company 7. Appointment of Mr. N. Chandrasekaran as the Chief Executive Officer and Managing Director of the Company for a period of five years with effect from October 06, 2009 on remuneration, terms and conditions, subject to necessary provisions and approvals. 8. Alteration of the Articles of Association of the Company - To substitute Article 71 of the Articles of Association of the Company by the following Article: '71. Until otherwise determined by a General Meeting of the Company and subject to the provisions of Section 252 of the Act, the number of Directors shall not be less than three and more than fifteen. The Directors are not required to hold any qualification shares'. 9. Appointment of Branch Auditors - Authority to the Board to appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened/acquired hereafter, in India or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration. (As Per BSE Announcement Dated on 02.06.2010) Tata Consultancy Services Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on July 02, 2010, inter alia, have accorded to the following: 1. Adoption of the Audited Profit and Loss Account for the year ended March 31, 2010 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors. 2. Confirmed and approved the first, second and third interim dividends of Rs. 2.00 each per share on 1,95,72,20,996 Equity Shares of Re. 1/- each in respect of the Financial Year 2009-10. 3. Declared a total dividend of 17 paise per share on 100,00,00,000 Redeemable Preference Shares of Re. 1/- each in respect of the Financial Year ended March 31, 2010. 4. Re-appointed Dr. Ron Sommer, Mrs. Laura M. Cha & Mr. R. N. Tata as Directors of the Company. 5. Re-appointed Messrs. Deloitte Haskins & Sells, Chartered Accountants, the retiring auditors of the Company, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company, to examine and audit the accounts of the Company for the financial year 2010-11, at such remuneration as may be mutually agreed between the Board of Directors of the Company and the Auditors, plus service tax, out-of-pocket, travelling and living expenses, etc. 6. Appointed Mr. S. Ramadorai, Dr. Vijay Kelkar & Mr. Ishaat Hussain as Directors of the Company. 7. Approved the appointment and terms of remuneration of Mr. N. Chandrasekaran as the Chief Executive Officer and Managing Director of the Company for a period of five years with effect from October 06, 2009 on remuneration, terms and conditions with liberty to the Directors to alter and vary the terms and conditions of the said appointment in such manner as may be agreed to between the Directors and Mr. N. Chandrasekaran, subject to necessary provisions and approvals. 8. To substitute Article 71 of the Articles of Association of the Company be by the following Article: '71. Until otherwise determined by a General Meeting of the Company and subject to the provisions of Section 252 of the Act, the number of Directors shall not be less than three and more than fifteen. The Directors are not required to hold any qualification shares'.' 9. Authority to the Board to appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened / acquired hereafter, in India or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration. (As Per BSE Announcement Website dated on 09.08.2010) 
30-Jul-09
Tata Consultancy Services Ltd (TCS) has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on July 30, 2009, inter alia, have accorded to the following: 1. Adoption of the Audited Profit and Loss Account for the year ended March 31, 2009 and the Balance Sheet as that date together with the Reports of the Board of Directors and the Auditors. 2. (a) Confirmed & approved the first, second and third interim dividend of Rs 3.00 each per share on 97,86,10,498 Equity Shares of Re 1/- each in respect of the Financial Year 2008-09. Further, declaration of dividend of Rs 5.00 per share on 97,86,10,498 Equity Shares of Re 1/- each in respect of the Financial Year ended March 31, 2009. (b) Declaration of dividend of 7 paise per share on 100,00,00,000 Redeemable Preference Shares of Re 1/- each in respect of the Financial Year ended March 31, 2009. 3. Re-appointment of Prof. Clayton M Christensen, Mr. Aman Mehta & Mr. Naresh Chandra, as Directors of the Company. 4. Re-appointment of Messers. Deloitte Haskins & Sells, Chartered Accounts, as Auditors of the Company to hold office from the conclusion of this Annual General meeting upto the conclusion of the next Annual General Meeting of the Company and to examine and audit the accounts of the Company for the financial year 2009-10, on remuneration, terms & conditions. 5. Revision in remuneration to Mr. S Ramadorai, Chief Executive Officer and Managing Director of the Company. 6. payment of commission to Non-Executive Directors of the Company a sum not exceeding one percent per annum of the net profit of the Company calculated in accordance with the provision of sections 198, 349 and 350 of the Act, 1956, be paid to and distributed amongst the Directors of the Company or some or any of them (other than the Managing Director and the Whole time Director) is such amounts or proportions and is such manner and in all respect as may be directed by the Board of Directors and such payment shall be made in respect of the net profit of the Company for each year for the period of five years commencing April 01, 2009. 7. Authority to the Board to appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened / acquired hereafter, in India or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration.  
01-Jul-08
Tata Consultancy Services Ltd (TCS) has informed BSE that the 13th Annual General Meeting (AGM) of the Company is to be held on July 01, 2008. Tata Consultancy Services Ltd (TCS) has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on July 01, 2008, inter alia, have accorded to the following: 1. Adoption of the Audited Profit and Loss Account for the year ended March 31, 2008 and the Balance Sheet as that date together with the Reports of the Board of Directors and the Auditors thereon. 2(a) Confirmed & approved the first, second and third interim dividend of Rs 3.00 per share on 97,86,10,498 Equity Shares of Re 1/- each in respect of the Financial Year 2007-08. (b) Declaration of dividend of Re 0.07 per share on 100,00,00,000 Redeemable Preference Shares of Re 1/- each in respect of the Financial Year ended March 31, 2008. 3. Re-appointment of Mr. R N Tata & Mr. V THyagarajan as Directors of the Company. 4. Appointment of Messers. Deloitte Haskins & Sells, Chartered Accounts, as Auditors of the Company in place of Messrs. S B Billimoria & Company, the retiring Auditors, to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company and to examine and audit the accounts of the Company for the financial year 2008-09, on remuneration, terms & conditions. 5. Appointment of Mr. N Chandrasekaran, Mr. S Mahalingam & Mr. Phiroz Vandrevala as Directors of the Company. 6. Appointment of Mr. N Chandrasekaran as the Executive Director and Chief Operating Officer of the Company of the Company for a period of five years with effect from September 06, 2007, on remuneration, terms & conditions. 7. Appointment of Mr. S Mahalingam as the Executive Director and Chief Financial Officer of the Company of the Company for a period of five years with effect from September 06, 2007, on remuneration, terms & conditions. 8. Appointment of Mr. Phiroz Vandrevala as an Executive Director of the Company for a period of five years with effect from September 07, 2007, on remuneration, terms & conditions. 9. Appointment of Mr. S Padmanabhan as an Executive Director of the Company for a period from September 06, 2007 upto February 05, 2008, on remuneration, terms & conditions. 10. Authority to the Board to appoint as Branch Auditors of any branch office of the Company, whether existing or which may be opened / acquired hereafter, in India or abroad, in consultation with the Company's Auditors, any person(s) qualified to act as Branch Auditor within the provisions of Section 228 of the Act and to fix their remuneration. (As per BSE Announcement Website dated on 07/08/2008) 

EGM

31-May-13
COM 31.05.2013 Tata Consultancy Services Limited has informed the Exchange that by an Order made on April 12, 2013, in Tata Consultancy Services Limited ('TCS' or'the Applicant Company') Company Summons for Direction,the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Applicant Company,be convened and held on May 31,2013, for the purpose of considering and if thought fit,approving with or without modification(s),the proposed arrangement embodied in the Composite Scheme of Arrangement between Tata Consultancy Services Limited and TCS e-Serve Limited and TCS e-Serve International Limited and their respective shareholders ('the Scheme'). (As Per NSE Bulletin Dated On 06.05.2013) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
TCS 292,200.17 24.27 9.00 18.37 44.6 53.7 0.00
Infosys 137,671.17 15.91 3.82 10.93 27.7 37.5 0.00
Wipro 83,483.39 14.78 3.45 14.72 20.5 23.1 0.22
HCL Technologies 51,276.33 17.58 7.76 11.74 31.3 32.3 0.17
Oracle Fin.Serv. 20,343.78 19.77 2.79 11.51 16.2 23.1 0.00
Satyam Computer 12,727.15 11.55 3.04 4.78 35.7 26.6 0.01
Tech Mahindra 11,681.19 17.96 3.39 12.21 14.9 14.5 0.34
MphasiS 9,545.61 15.58 2.63 9.36 17.4 20.2 0.07
Patni Computer 7,006.46 14.73 2.08 8.41 15.8 18.7 0.00
Polaris Finan. 1,018.88 6.10 0.94 5.96 19.4 23.0 0.05
Hewlett-Packard 0.11 0.00 0.00 0.00 15.5 19.6 0.00

Futures & Options Quote

 
Expiry Date
1502.90 16.45  (1.1%)
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 1,492.40
Average Price: 1,500.29
No. of Contracts Traded: 379,750
Open Interest: 6,622,000
Underlying: TCS
Market Lot: 250
Previous Close: 1,486.45
Day’s High | Low: 1,505.85 | 1,492.40
Turnover (Cr.): 56.97
Open Int. Change: 95,500.00 (1.5% )
View detailed F& O quotes >>

Key Information

Key Executives:

Cyrus Mistry , Chairman  

N Chandrasekaran , Managing Director & CEO  

Phiroz A Vandrevala , Director  

Aman Mehta , Director  


Company Head Office / Quarters:
Nirmal Building,
9th Floor Nariman Point,
Mumbai,
Maharashtra-400021
Phone : 91-22-67789595
Fax : 91-22-67789660
E-mail :
tcs@tata.com
investor.relations@tcs.com
Web : http://www.tcs.com
Registrars:
TSR Darashaw Ltd
6-10 Haji Moosa
Patrawala Ind.Estate
DrEMoses Rd Mahalaxm
Mumbai - 400 011

Fund Holding


Calendar

May-2013
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