Tata emerges strong to lead Indian market.

India's largest software services exporter TCS says it is confident of maintaining leadership position in the domestic market that is witnessing strong technology adoption in private as well as public sectors.

The company is quite "enthused" by the commentary and discussions on expanding digital infrastructure in the country, Tata Consultancy Services CEO Rajesh Gopinathan said in an interview with PTI.

"We have always been the leaders in India and have been very proud of the fact that practically every single large national level IT transformation project has been executed by TCS," he said.

TCS is well-positioned in the Indian market, Gopinathan said, adding that it has "the largest share of revenues coming out of India among any of the industry participants".

"We expect to continue that as the offtake of technology across both private and public sectors in India continues," he said.

The Mumbai-headquartered company gets about 6 per cent of its global revenues from India, while for Infosys, the number stands at 3.4 per cent. Wipro gets about 10 per cent of its revenues from India and the Middle-East.

For Indian IT companies, America accounts for the lion's share of revenues at about 60 per cent, while Europe and the UK contribute about 20 per cent.

Asked about his vision of TCS five years from now, Gopinathan said: "TCS will emerge even stronger than what it is, with a much more diversified and holistic business model as technology itself evolves in business."

He added that the USD 16.5-billion firm is well-structured and will go through constant evolutionary change.

"We are at that kind of a point now where we have experimented with things over the last few years, we know the direction where we are going, all stakeholders believe in it. So, the two key words now are scale and speed. Whatever we are doing, we will do it at scale and faster," he said.

Digital is one area where the company is placing big bets.

"We have a revenue run rate of USD 3 billion in digital ... We have been growing fairly rapidly. Five years from now, we will pretty much be majority digital. So, it's 16 (per cent being digital)-84 today, we are looking at inverting that ratio by the end of the next five years or so," he said. Gopinathan said the transformation setting in technology is becoming an enabler instead of just being a cost factor. "Technology is moving away from being a cost centre to a profit centre in many companies... the winners and losers are determined by how they leverage technology.

Shoot

Trending News

Byju’s acquires US-based Osmo for $120 million

Personal care brand Arata Zero Chemicals raises Rs 3.5 crore in seed capital

Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Amazon food biz to log off if new rules remain on menu

Changes to FDI policy unclear, don’t help the cause of startups: Lenskart's Peyush Bansal

Slowdown or not, we are aggressive on US: TCS CEO Rajesh Gopinathan

SpaceX to layoff 10% of workforce

Amazon Pay gets another Rs 300 crore from parent entity

Steadview Capital invests $74M in Ola valuing it at around $6B

Byju’s ups revenue to Rs 490 cr in FY 18, losses drop by half

A Rs 120-cr WhatsApp message to fight fake news

OYO bulks up international leadership with key hires

For Matrix Partners, transaction-based startups mean business

Amazon joins global companies such as Google, WhatsApp and Truecaller that have put their bets on the UPI business in partnership with banks.

Uber looks to double its engineering headcount in India

SoftBank to invest additional $2B in WeWork: Sources

Snapdeal claims to have added 50,000 sellers in last 12 months

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities