TCS’ India business is over $1 bn, out of which around $200 million comes from govt projects
Advertisement
Tata Consultancy Services (TCS ) said its India business crossed $1 billion mark, during its fourth-quarter results in April.
TCS chief N Chandrasekaran said the private sector was around four times of the government business. If roughly calculated, TCS’ government business would be around $250 million.
TCS has bagged a number of government projects such as Passport, MNREGA, India Post, etc
"We want to be involved in the transformation of India, so we have learnt to evaluate projects. And after projects like Passport, we have very experienced project managers who can work on the scale and complexity that working with the government needs," Chandrasekaran told ET.
India’s largest IT firm is bidding for Digital India contracts.
"The government business is a double-edged sword. The contract wins can look large and attractive but the hassles are equally big. The amount ($200-250m) is a good chunk but to say it will become bigger would be of some concern," an analyst with a Mumbai-based brokerage told ET.
It is noteworthy that Infosys founder NR Narayana Murthy had once said that the company did not make any money from any government project.
(Image: Thinkstock)
Advertisement
TCS chief N Chandrasekaran said the private sector was around four times of the government business. If roughly calculated, TCS’ government business would be around $250 million.
TCS has bagged a number of government projects such as Passport, MNREGA, India Post, etc
"We want to be involved in the transformation of India, so we have learnt to evaluate projects. And after projects like Passport, we have very experienced project managers who can work on the scale and complexity that working with the government needs," Chandrasekaran told ET.
India’s largest IT firm is bidding for Digital India contracts.
Advertisement
It is noteworthy that Infosys founder NR Narayana Murthy had once said that the company did not make any money from any government project.
(Image: Thinkstock)
Advertisement
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar