25. SOFTWARE GIANT: Leaps High

In the DQCI Silver Club, only three companies had more than 50 percent revenue growth. Tata Consultancy Services (TCS) is one of them. The #1 in DQ Top-20 rankings, TCS made news with its agency revenues as well. It made a giant leap from 36th rank in the Next 25 Group to 25th rank in the Club during 2001-02. 

With a revenue of Rs 80 crore from agency operations, TCS grew 52 percent during 2001-02. Its revenue was Rs 52 crore in 2000-01. The maximum revenue came from Oracle database and applications with IBM contributing next with Lotus and WebSphere range of products. 

Apart from these, there has been some contribution from Sun software products and Unigraphics in the CAD/CAM arena.

Other application development projects have brought in revenue from leading ERP products. 

TCS had it clients mainly from banking, financial services and insurance segments. Telecom companies too placed major orders. Government agencies and public sector units had their share as well. Though to a lesser extent, the manufacturing sector too chipped in. 

MEASURES THAT BROUGHT MOOLAH: Oracle and IBM's products contribute majorly to overall revenue  Bagged large orders from BFSI and telecom segments

With software exports as its mainstay, its $100 million deal with GE kept TCS on the headlines during 2001-02. This is considered the largest deal in the Indian IT services history. Other major deals include, £30 million with UK's United Utilities Water and a $15 million deal with Racal Instruments.

Within the country, the State Bank of India signed a Rs 200 crore bank automation deal with TCS. Tata Chemicals, Ericsson and Bank of America too signed multi-year outsourcing and offshore development contracts with

TCS.

TCS is expected to speed up its growth tempo in the current year and is expected to come out with the largest IPO ever from the IT industry.