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Tata Consultancy Services Limited (TCS ) is an Indian multinational information

technology (IT) service, consulting and business solutions company headquartered in

Mumbai, Maharashtra.

TCS operates in 46 countries. It is a subsidiary of the Tata Group and is listed on the

BSE and the NSE.

TCS is the largest Indian company by market capitalization and is the largest India-

based IT services company by 2013 revenues.

TCS is now placed among the Big 4 most valuable IT services brands worldwide

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Overview of economy and industry- The growth momentum

in the revitalization of global economy is expected to be

carried forward during the year 2014. Investment in technology

is among top three priorities of

companies across the world.

Key elements of growth strategy : Customer centricity, fullservices portfolio, global network delivery model.

Human resource strategy : ONETCS culture helped the

company to integrate its diverse global talent.

IMF forecasts theworld output will

grow by 3.6% in2014Spending ontechnology services isgoing at a pace of

4.5%

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segmen revenue %growthBanking,finacial services&insurance 35112.41 29.35

Manufacturing 6989.36 34.01Retil& consumer packaged goods 11309.06 34.61telecom,media& entertainment 9613.74 27.51others 18784.79 27.9

43%

8%14%

12%

23%

segment revenue

Banking,finacialservices &insuranceManufacturing

Retil& consumer packaged goodstelecom,media&entertainmentothers

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19%

22%

23%

18%

18%

growth rate(%)

Banking,finacialservices &insurance

Manufacturing

Retil& consumer packaged goods

telecom,media&entertainment

others

Growth in geographical revenue-

Over the last ten years, the companyHad impressive performance in Europe

(34%), UK (28%), North

America(25%), validating our social

strategy.

Revenue trend- revenue in fiscal 2014

grew to Rs 81809 crores.-an impressive

8-fold increase in ten years.

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Academic interface programme : The Company continues to invest on AIP initiatives f

developing faculty for academic institutes, improving employability of students and deve

as per industry requirements.

Talent acquisition and retention : TCS continues to remain the employer of choice at th

engineering campuses in India. The Inspire programme continues to identify and

develop high-potential employees for leadership roles. Potential leaders are nurtured

through training and coaching and given challenging roles to build leadership capability.

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0

20

40

60

80

100

120

2010 2011 2012 2013 2014

EPS growth

EPS growth

TCS has shown consistent growth in

EPS. The growth in last 5 years has

been remarkable.

Also the financial statements :

consolidated and stand alone have

been shown in the MDA , some notes

as to what comprises the financial

statements have been represented by

the management discussion analysis .

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category no. of share hold %

Promoters 1,44,34,51,698 73.69

other entities other thanpromoter 39,69,412 0.2

insurance company 7,96,67,652 4.07

indian public & other 7,70,32,215 3.93

mutual fund &UTI 2,46,03,469 1.26

corporate bodies 1,17,46,554 0.6

Banks,finacialinstitution,central & state govt 7,93,546 0.04

FIIs 31,54,54,993 16.11

NRI 20,08,440 0.1

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0

10

20

30

40

50

60

70

80

categories of equity shareholder

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Name Age Designation

Qualification Functionalarea

Cyrus Mistry Chairmen Civil engineering

and master ofscience in mgt.from londonbusiness school

S Ramadorai ViceChairman

N Chandrasekaran CEO andMD

Aman Mehta 68 Director Bachelors inEconomics from DU

Wideexperience inBanking andFinance

V Thyagarajan 68 Director B. Tech and M.B.A.from the IndianInstitute of

Management, Ahmadabad

Wideexperience inMarketing and

CorporateManagement in

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Prof. Clayton MChristensen

62 Director B.A.(Economics),M.Phil.(Economics),MBA and DBAfrom Harvard

Business School

Expertise inTechnologyandOperationsManagementand General

Management

Dr. Ron Sommer 65 Director PhD in PhD inMathematicMathematic

Wideexperience inTelecom andBusiness

Dr. Vijay Kelkar 72 Director B.S. fromUniversity of Pune, M.S. fromUniversity of

Minnesota, PhD.

Retired seniorbureaucrat intheGovernment of

India

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Ishaat Hussain Director

PhirozVandrevala

61 Director Bachelors inCommerce

Wideexperience inthe softwareindustry

O. P. Bhatt 63 Director Graduate degreein Science, PostGraduate degree

in EnglishLiterature (GoldMedal)

Wideexperience inBanking and

FinancialMarkets

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Issues of Equity Share

Redemption of preference shares and capital redemption reserve account

Dividend

Transfer to reserves

Companys performance

Strategic acquisition

Restructuring of unlisted subsidiary companies

Human resource development

Conservation of energy

Research and development

Auditors

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Auditors responsibility is to express an opinion on these financial statements based

on audit.

Opinion

The aforesaid financial statements give the information required by the Act in the

manner so required and give a true and fair view in conformity with the accounting

principles generally accepted in India.

In respect of the Companys fixed assets:

o The fixed assets were physically verified during the year by the Management, no

material discrepancies were noticed on such verification.

In respect of the Companys inventories:

o According to the information and explanations from the procedures of physical

verification of inventories, the Company has maintained proper records of its

inventories and no material discrepancies were noticed on physical verification.

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In respect of statutory dues:

(a) The Company has generally been regular in depositing undisputed statutory dues

and there were no undisputed amounts payable in respect of Provident Fund,

Investor Education and Protection Fund, Employees State Insurance, Income Tax,

Sales Tax and Value Added Tax, Wealth Tax, Service Tax, Custom Duty, Excise

Duty, Cess and other material statutory dues

The funds raised by the company on short-term basis have not been used during the

year for long term investment.

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TATA CONSULTANCY

SERVICES

crmarket value 2642.6no of share 195.87

market capitalisation 517606.1Debt 369.66short term debt 25.79

long term debt 89.69capital lease 254.18

Minority/prefered stock 168

cash &cash equivalent 12566.26

Enterprise value 505577.5

EBITDA 25152.79revenue 67787.64EV/EBITDA 20.10025EV/REVENUE 7.458254

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INFOSYS

market value 4350.75no of share 265

market capitalisation 1152949Debt 46459short term debt 35769

long term debt 9630capital lease 1060Minority/preferedstock 1387

cash &cash equivalent 105549

Enterprise value 1095246

EBITDA 96082revenue 403684

EV/EBITDA 11.39907EV/REVENUE 2.713126

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0 5 10 15 20 25

EV/EBITDA

COMPARING TCS AND INFOSYS

COMPARING TCS AND INFOSYS

0 2 4 6 8

EV/REVENUE

COMPARING TCS AND INFOSYS

COMPARING TCS AND INFOSYS

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current investments 733.87inventories 8.57unbilled revenue 2626.08trade receivables 14471.89cash and bank balances 12566.25short term loans and advances 3688.12other current assets 740.02total 34834.8

current liabilities

short term borrowings niltrade payables 3977.55other current liabilities 2450.32short term payables 5827.83total 12255.7

current ratio 2.84233

quick ratio 1.08521

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Debt

secured loans 88.64

unsecured loans 1.05

short term secured loans nil

current maturities of long term debt 0.47

other long term borrowings 343.99

short term operating lease liabilities 26.26

proposed final dividend on equity shares 3917.46proposed dividend on redeemable pref.shares28.76

operating lease liabilities 254.18

total 714.59

fixed assets 8976.72

non currentinvestments 5098.55

current investments 733.87

inventories 8.57

other current assets 740.02

total assets 15557.73

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debt to equity ratio 0.274101

debt to total assets 0.01259

Interest Coverage Ratio = EBIT/Interest Expenses = 919.851

equityshareholders funds 195.87

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revenue from operations 67787.64

fixed assets 8976.72non current investments 5098.55

current investments 733.87inventories 8.57other current assets 740.02total assets 15557.73

fixed assets turnover ratios 7.551493

total assets turnover ratio 4.357168

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debtorscapital advances 351.99loans and adavances to employees 7.04

loans and advances to related parties 138.41other loans and advances 1108.24considered doubtfull -19.52

total recievables 14471.89

short term loans and advances 3688.12

total 19746.17

debor turnover ratio 3.432951