• New subsidiary, TCS South Africa, to be launched
  
• South Africa to serve as hub for southern, central Africa
  

Tata Consultancy Services (TCS), a leading IT services, business solutions and outsourcing organization, announced today that it was launching a new subsidiary, TCS South Africa, to further strengthen its focus and expand operations in South Africa.

South Africa is a key strategic market for 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.

The new subsidiary will help 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 BEE (Black Economic Empowerment) groups in South Africa to ensure a high level of social governance and localization of services and skills.

“We 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, Tata Consultancy Services. “The 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.”

“To help its customers in South Africa, TCS has already created a near-shore delivery capability in Johannesburg from where we are providing support services for our financial services products implemented in South Africa,” said N. Chandrasekaran, Chief Operating Officer and Executive Director. “The South African operations will emerge as a hub to serve customers in the southern and central parts of Africa.”

TCS South Africa already works with leading companies in South Africa in sectors like banking and financial services, government, manufacturing, energy, telecom and retail.