TCS eyes
$200 mn from S Africa
Business
Standard
April 24, 2006
At
present, government business accounts for 10% of TCS'
total revenue from the region.
IT major Tata Consultancy Services
(TCS) has estimated to earn revenues worth $200 million
by 2010 from its South African operations against $28
million in 2005-06.
TCS, one of the first Indian
software companies to enter South Africa in 1995, expects
the banking industry and government-related business
to be the main drivers for its growth in the market
there.
"TCS has been operating
in South Africa for a decade. We are doubling our revenues
in every two years. We are striving to further enhance
this growth rate," said Rajeev Gupta, resident
manager (South Africa), TCS.
Its revenue in the current financial
year may touch $49 million while the company is aiming
to take it to $125 million by 2009.
Gupta said that 2005-06 was a
defining year for TCS in South Africa as it made inroads
in the government business.
"These assignments are for
consulting and will subsequently move up when the implementation
of the projects are initiated," he said.
Among the government business
bagged this year include department of justice, University
of the Witwatersand (Wits), economic affairs (DFEA),
Limpopo government and Gauteng department of finance.
At present, government business
accounts for 10 per cent of TCS' total revenue from
the region. Other major clients include the South Africa
Broadcasting Corporation, Anglo Platinum, Johannesburg
Stock Exchange and AIG South Africa.
In the banking space, TCS's products
Quartz and NCS have been implemented by First National
Bank, Standard Corporate and Investment Bank and Barclays
Africa.
TCS employs over 100 associates
in the country and has two offices in Johannesburg and
Cape Town in addition to a regional support centre for
its banking products.
As part of its expansion plans,
TCS is exploring the possibility of setting up a regional
development centre (RDC) apart from having more products
being supported from its RSC.
Meanwhile, the adult literacy
initiative, for which TCS had teamed with WDB Trust
(Women Development Bank), is progressing well with over
350 women having been rendered functionally literate
as a result of this computer-based literacy programme.
The programme which involves
using computer as an training aid is founded on the
principle of phonetics and recognition of words rather
than alphabets.
The programme is likely
to be extended to two more local languages in South
Africa.
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