Consultancy Services Ltd is launching a new subsidiary, TCS South Africa, to further
strengthen its focus and expand operations in South Africa.
Africa is a key strategic market for the For the Indian IT giant, part of the
$29-billion Tata Group with the presence of multiple firms including Tata Motors,
Tata Steel and VSNL. The new subsidiary will help intensify this focus further
and is in line with TCS global strategy to have a direct presence in the countries
in which it operates.
new subsidiary will help the TCS bring its global best practices to help increase
the competitiveness of South African business and the skill levels of IT professionals
in South Africa. TCS South Africa will have equity participation from the Black
Economic Empowerment (BEE) groups in South Africa to ensure a high level of social
governance and localisation of services and skills.
see South Africa as a key strategic market for TCS and also as a gateway to southern
and central Africa. Through our own subsidiary, we will be well-placed to contribute
to the economic growth of the country and its businesses by bringing in global
best-practices and world-class technology solutions, said S Ramadorai, chief executive
officer and MD, TCS.
new model will help TCS make a greater contribution to the South African economy
and help invest in skills and capabilities of its IT professionals by leveraging
our world-class learning and development programs."
South Africa already works with leading companies in South Africa in sectors like
banking and financial services, government, manufacturing, energy, telecom and