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Cyrus Mistry, one year at the Tata helm: TCS remains a major contributor in the IT space

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With the completion of a year as the chairman of the $100-billion Tata Sons, observers are watching with patience his ability to maneuver the tough economic climate and take the Tata legacy forward from his predecessor, Ratan Tata.

As the youngest chairman of the Tata conglomerate, he has plans to wield the group’s continued success, by pruning the prowess in areas of proven excellence and weeding out non-performing assets.

This brings to mind Mistry’s first ever annual general meeting on June 28 as chairman at none other than Tata Consultancy Services (TCS), without doubt the best performing company in the Tata Group. TCS, India’s largest IT firm valued at Rs 4.14 lakh crore, has been consistent with its stellar performance since the last four years and it remains an unbeatable force to reckon with in the IT industry. TCS is well- known for its cost-effectiveness, diverse skill sets and fastest time to market, that has earned it recognition globally as well. While rival IT giants Cognizant and Infosys have come close to matching TCS’ client delivery, TCS remains at the top of its game, contributing revenues of Rs 62,990 crore annually to the Tata Group.

That said, Mistry has been unable to replicate the success with the group’s telecom firms – Tata Teleservices and Tata Communications. Both companies have remained loss-making even under Mistry’s leadership and continue to face challenges (TTSL recently ceded its extra spectrum in the 800 MHz band in all circles except Mumbai and Delhi).

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