BFG AKA TCS: BIG DEALS, BIG IMPERATIVES

High-value contracts with multi-year calendars can mean both risks and safety for a player like TCS.

- Pratima H

RANK 1 TCS

K. KRITHIVASAN

CEO & MD (Effective June 1, 2023)

Outgoing CEO & MD - Rajesh Gopinathan (2017-2023) Transition till September.

50 years is a long time to be an oak tree. But every new year is full of new competition, new forces and new storms-in a forest like IT. There are many moments for a Bellwether to emerge as everyone's Lighthouse that grasps the gust of new winds first and head-on. This year, a glance on TCSs FY 2022-23, shows what impact big-ticket business can bring in a turbulent year.

Arguably enough, the streak of big deals was hard to miss in TCS's report card. There were 60 clients in the US$100 Million+ band (+2 YoY), 133 in the US$50 Million+ band (+13 YoY), 291 in the US$20 Million+ band (+23 YoY), 461 in the US$10 Million+ band (+22 YoY) and 1241 in the US$1 Million+ band (+59 YoY)

There were also reports of a deal worth more than $700 million-its largest in the UK in three years. It was inked with an insurance services provider and an old client Phoenix. It would be a ground for TCS to leverage its own banking industry platform BaNCS and innovation lab in the UK.

The Q4 TCV was also seen at US$10 Billion with alltime high number of large deals.