Singapore TATA Consultancy Services, one of the world's leading IT services, consulting and business solutions organisations, on Tuesday announced that it has expanded its presence in Singapore with the opening of the new 1,000-person TCS Singapore Banking and Financial Services (BFS) Centre.
The facility will provide a range of services such as application development, digital and general IT services to leading global banks in the Asia-Pacific region. TCS, which generated a revenue of US$13.4 billion in its last reported financial year, is part of Tata Group, India's largest industrial conglomerate.
TCS' BFS business has grown substantially in Singapore, and it is a recognised leader in the sector. The new centre replaces a 500-seat centre opened in 2011 and will offer a broader range of services, with a major focus on digital offerings.
"TCS has a long history in Singapore, with operations spanning nearly 30 years," said Girish Ramachandran, president, TCS Asia Pacific. "Singapore is our regional headquarters for APAC operations, and we are committed to expand our presence in this market and to assist our global clients," he added.
Globally, over 40 per cent of TCS' revenue comes from the BFS sector. TCS partners with the world's major banks and financial institutions through TCS BFS services and TCS BaNCS software solutions. In Asia Pacific, TCS has partnered with leading banks and financial institutes across the 12 countries it operates in.
This article was first published on March 18, 2015.
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