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(f) With respect to the other matters to be included in the Auditors' Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us: - i) The Company has disclosed the impact of pending litigations on ... |
- (c) Details of dues of Income Tax, Sales Tax and Value Added Tax and Service Tax which have not been deposited as at March 31, 2015 on account of dispute are given below: |Particulars|Period to which the amount relates|Forum where the dispute is pending|Amount (` crores)| |---|---|---|---| |Income Tax|2005-06, 2008-0... |
Expenses:| | | | |(a) Employee benefit expense|25|27368.32|21466.56| |(b) Operation and other expenses|26|25181.54|21672.65| |(c) Finance costs|27|79.57|23.41| |(d) Depreciation and amortisation expense|12|1393.77|1080.55| |TOTAL EXPENSES| |54023.20|44243.17| |V. PROFIT BEFORE EXCEPTIONAL ITEM AND TAX (III-IV)| |24021.... |
Bhatt Aarthi Subramanian Rajesh Gopinathan Director Executive Director Suprakash Mukhopadhyay Company Secretary Mumbai, April 16, 2015 Mumbai, April 16, 2015 # 180 Unconsolidated Financial Statements # Notes forming part of the Financial Statements # 1) CORPORATE INFORMATION Tata Consultancy Services Limited (referred ... |
Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor, are recognised as operating leases. Lease rentals under operating leases are recognised in the statement of profit and loss on a straight-line basis. # f) Impairment At each balance sheet date, the man... |
Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India, which gives rise to future economic benefits in the form of adjustment of future income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax after the tax holiday period. Accordin... |
If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognised in shareholders' funds is transferred to the statement of profit and loss. Unconsolidated Financial Statements 183 # Annual Report 2014-15 # Notes forming part of the Financial Statements # m) Inventories Raw materials, s... |
# (c) Shares held by Holding company, its Subsidiaries and Associates | |As at March 31, 2015|As at March 31, 2014| | |---|---|---|---| |Equity shares| | | | |Holding company|144,34,51,698 equity shares (March 31, 2014 : 144,34,51,698 equity shares) are held by Tata Sons Limited|144.35|144.35| |Subsidiaries and Associa... |
# 6) DEFERRED TAX BALANCES Deferred tax balances consist of the following: (` crores) | |As at March 31, 2015|As at March 31, 2014| |---|---|---| |(a) Deferred tax liabilities (net)| | | |(i) Foreign branch profit tax|256.03|217.88| |(ii) Depreciation and amortisation|15.43|8.99| | |271.46|226.87| |(b) Deferred tax ass... |
- (c) Legal formalities relating to conveyance of freehold buildings having net book value ` 5.18 crores (March 31, 2014: ` 9.81 crores) are pending completion. 190 Unconsolidated Financial Statements # Notes forming part of the Financial Statements # 13) NON-CURRENT INVESTMENTS Non-current investments consist of the f... |
(j) TCS Italia SRL, (k) Tata Consultancy Services France S.A.S., (l) Tata Consultancy Services Malaysia Sdn Bhd, and (m) Tata Consultancy Services Luxembourg S.A. As per the terms of letter of comfort, the Company undertakes not to divest its ownership interest directly or indirectly in the subsidiaries and provide suc... |
Unconsolidated Financial Statements 193 # Annual Report 2014-15 # Notes forming part of the Financial Statements # 14) LONG-TERM LOANS AND ADVANCES Long-term loans and advances (unsecured) consist of the following: | |As at March 31, 2015|As at March 31, 2014| |---|---|---| |(a) Considered good| | | |(i) Capital advanc... |
# 19) TRADE RECEIVABLES Trade receivables (Unsecured) consist of the following: | |As at March 31, 2015|As at March 31, 2014| |---|---|---| |(a) Over six months from the date they were due for payment| | | |(i) Considered good|1825.69|1658.48| |(ii) Considered doubtful|322.17|224.68| |(b) Others| | | |(i) Considered go... |
(Refer Note 39) # 25) EMPLOYEE BENEFIT EXPENSE Employee benefit expense consist of the following: | |(` crores)|2015|2014| |---|---|---|---| |(a) Salaries and incentives (Refer Note 50)| |24441.85|19039.28| |(b) Contributions: (Refer Note 30)| | | | |(i) Provident fund| |571.65|514.91| |(ii) Superannuation scheme| |163... |
Accordingly, the amalgamation has resulted in transfer of assets, liabilities and reserves in accordance with the terms of the Scheme at the following summarised values: |Particulars|Amalgamation of WTI Advanced Technology Limited| |---|---| |Appointed date of amalgamation|April 1, 2014| |Assets| | |Fixed Assets (Net)|... |
| |As at March 31, 2015|As at March 31, 2014| |---|---|---| |i) Change in benefit obligations:| | | |Projected benefit obligation, beginning of the year|987.22|830.16| |Service cost|163.69|151.72| |Interest cost|95.87|68.46| |Liabilities transferred on amalgamation|0.47|21.58| |Actuarial loss / (gain)|131.41|(21.14)| |... |
|Particulars|Business Segments|Business Segments|Business Segments|Business Segments|Business Segments| | | | | | |---|---|---|---|---|---|---| | |Banking, Financial Services and Insurance|Manufacturing|Retail and Consumer Packaged Goods|Telecom, Media and Entertainment|Others|Total| |Year ended March 31, 2015|28871.39... |
Tata Consultancy Services Belgium S.A. 5. Tata Consultancy Services Deutschland GmbH 6. Tata Consultancy Services Canada Inc. 7. Diligenta Limited 8. WTI Advanced Technology Limited - (Amalgamated with Tata Consultancy Services Limited pursuant to the order dated 27.03.2015 of the Hon'ble High Court of Judicature at Bo... |
12.03.2015) Unconsolidated Financial Statements 207 # Annual Report 2014-15 # Notes forming part of the Financial Statements # 32) RELATED PARTY DISCLOSURES (contd.) # B) Transactions with related parties for the year ended March 31, 2015 | |Holding Company|Subsidiaries|Fellow Subsidiaries|Management Key Personnel and ... |
N.Chandrasekaran|21.28|18.68| # E) Disclosure of material balances with related parties | |As at March 31, 2015|As at March 31, 2014| | |---|---|---|---| |Trade receivables, unbilled revenue, loans and advances and other assets (net)|Tata America International Corporation|7266.20|5625.53| |Trade payables, income receiv... |
The Company has outstanding foreign exchange option contracts, which have been designated as Cash Flow Hedges, as at: | |March 31, 2015|March 31, 2015|March 31, 2015|March 31, 2014|March 31, 2014|March 31, 2014| | | | | |---|---|---|---|---|---|---| |No. of Contracts|Notional amount of contracts|Fair Value (` crores)|N... |
The particulars of dividends declared and paid to non-resident shareholders for the year ended March 31, 2014 and interim dividends for the year ended March 31, 2015, are as under: |Final dividend for 2012-13 declared in June 2013|10062|31,07,28,113|-|403.95| |---|---|---|---|---| |Interim dividend declared in July 201... |
de Luxembourg)| | |28|Tata Consultancy Services Switzerland Ltd.|CHF|64.234757|9.64|74.06|447.00|363.30|48.18|1149.78|9.10|(7.24)|16.34|-|100%|Switzerland| | |29|Tata Consultancy Services France S.A.S.|EUR|67.133156|2.01|(36.86)|237.97|272.82|-|451.81|(9.34)|2.11|(11.45)|-|100%|France| | |30|Tata Consultancy Services O... |
To receive, consider and adopt (a) the Audited Financial Statements of the Company for the financial year ended March 31, 2015, together with the Reports of the Board of Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2015, ... |
532540 (BSE) Dear Sirs, # Subi Anqual Report 2015-16 Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company for the financial year 2015-16 approved and adopted by the members at the 21st Annual General Meetin... |
# Notice # Directors' Report # Management Discussion and Analysis # Corporate Governance Report # Business Responsibility Report # Content |Board of Directors|02|Consolidated Financial Statements| | | |---|---|---|---|---| |Management Team|04|Auditors' Report|146| | |Performance by Numbers|06|Consolidated Balance Sheet... |
# Market Growth In terms of markets, growth was well distributed with North America growing 10.8 per cent, Europe by 12.9 per cent and United Kingdom by 8.3 per cent in constant currency terms. India crossed $ 1 billion milestone in annual revenues while overall revenues from new Growth Markets exceeded $ 3.3 billion o... |
To succeed, Smart Enterprises have to be Agile by default. Agility is the ability of an enterprise to move with speed and respond to changes in its environment swiftly (for example, when launching new products). Your Company is proactively increasing its use of Agile/ DevOps (Development + Operations) methodologies to ... |
In India, your Company also announced plans to set up the FC Kohli Center on Intelligent Systems at IIIT Hyderabad which will coordinate research in related domains across different centres of the university. In March, in collaboration with Nashik city and MIT Media Labs, your Company began a unique social innovation p... |
TCS Annual Report 2015-16 I13 # Shaping the Future of BFSI The slow growth in advanced economies, changing nature of emerging markets, Central bank trials with monetary policies and increasing vigilance by Regulators continue to challenge growth in Financial Service firms. Further, technology continues to lower the bar... |
The Indian government is driving the 'Digital India' agenda through multiple policies and initiatives - leveraging the Aadhar card to promote cashless transfers to beneficiaries; incentivising the creation of new Smart Cities, or facilitating mobile payments by licensing new 'payments-only' banks. There are multiple in... |
# Focus areas for Research & Innovation - BFS: Blockchain, Frictionless Access, Robo Advisory - Retail: In-store experience, Digital store operations, Multi-node supply chain - Manufacturing: Connected Cars, Predictive Maintenance - Life Sciences: Genomics, Medical Devices, Digital Clinical Trials # Service Platforms #... |
# Digital Hiring & Engaging By Numbers # Digital recruitment - 1,000+ trees saved with our 100% paperless recruitment process # Gamification - 3,10,000+ registrations received across all contests in FY16 - 30 % new visits week on week on Campus Commune - 17,200+ blogs on Campus Commune - 6,500+ Opinion Polls on Campus ... |
# Programme Benefits # TCS + AIIMS: Transforming Patient Care |Increase in prior Online appointments|73%| |---|---| |Processing time cut to|50 seconds| |18 (new) Single Window Exit Counters|Increased| |Extra seating - 2,550|(Total - 4,050)| |Improved Signage|120 Patient Care Coordinators| |Waiting Time reduced from|6 t... |
# Races in other cities that we sponsor: MUMBAI LONDON SINGAPORE CHICAGO BOSTON MANILA # Official Technology Partner TCS Amsterdam Marathon # Title Sponsor of the TCS World 10K Bengaluru # Title Sponsor of the TCS New York City Marathon 28 I TCS Annual Report 2015-16 # Awards # From April 2015 - March 2016 # Business L... |
Moses Road, Mahalaxmi Mumbai 400 011 Tel : 91 22 6656 8484 Fax : 91 22 6656 8494 E-mail: csg-unit@tsrdarashaw.com Website: www.tsrdarashaw.com # 30 ITCS Annual Report 2015-16 # Management Team |Function|Name| |---|---| |Corporate| | |Chief Executive Officer & Managing Director|N Chandrasekaran| |Global Head, Delivery E... |
A Member entitled to attend and vote at the Annual General Meeting (AGM) is entitled to appoint a proxy to attend and vote instead of himself and the proxy need not be a Member of the Company. The instrument appointing the proxy, in order to be effective, must be deposited at the Company's Registered Office, duly compl... |
Members holding shares in physical form may submit the same to TSRDL. Members holding shares in electronic form may submit the same to their respective depository participant. 12. Transfer of Unclaimed / Unpaid amounts to the Investor Education and Protection Fund (IEPF): Pursuant to Sections 205A and 205C and other ap... |
FCS 8331) as the Scrutinizer to scrutinize the voting at the meeting and remote e-voting process in a fair and transparent manner. # 19. The facility for voting, either through electronic voting system or polling paper shall also be made available at the AGM and the Members attending the meeting who have not already ca... |
By Order of the Board of Directors SUPRAKASH MUKHOPADHYAY Vice President and Company Secretary Mumbai, April 18, 2016 # Registered Office: 9th Floor, Nirmal Building Nariman Point Mumbai 400 021 CIN : L22210MH1995PLC084781 Tel: 91 22 6778 9595 Fax: 91 22 6778 9660 E-mail: investor.relations@tcs.com Website: www.tcs.com... |
Financial results | |Unconsolidated| |Consolidated| | |---|---|---|---|---| | |2015-16|2014-15|2015-16|2014-15| |Revenue from operations|85,863.85|73,578.06|108,646.21|94,648.41| |Operating expenditure|58,914.64|52,549.86|78,056.42|70,166.70| |Earnings before interest, tax, depreciation and amortisation (EBITDA)|26,949... |
Employees of erstwhile CMC Limited were welcomed into the global TCS family and assisted to integrate. A smooth transition and integration into TCS has been possible due to the Company's well-established people processes, emphasis on personal connect and concerted effort by cross functional integration teams. The Compa... |
The Company continues to invest in Knowledge Management and collaboration practices and platforms to enable learning and sharing. At the annual 'Knowledge Management' India summit, hosted by the Confederation of Indian Industries (CII) in February 2016, the Company was recognized as an Indian 'Most Admired Knowledge En... |
Bhatt were appointed as independent directors at the annual general meeting of the Company held on June 27, 2014. They have submitted a declaration that each of them meets the criteria of independence as provided in section 149(6) of the Act and there has been no change in the circumstances which may affect their statu... |
Risk management The board of directors of the Company has formed a risk management committee to frame, implement and monitor the risk management plan for the Company. The committee is responsible for reviewing the risk management plan and ensuring its effectiveness. The audit committee has additional oversight in the a... |
Percentage increase over decrease in the market quotations of the shares of the Company in comparison to the rate at which the Company came out with the last public offer: |Particulars|March 31, 2016|August 19, 2004|August 19, 2004|% Change*| |---|---|---|---|---| |Market Price (NSE)|2,520.30|850.00|212.50|1086.02| |Ma... |
The key initiatives towards conservation of energy were: - adding LEED certified green buildings to real estate portfolio with a strong focus on energy efficiency at design stage itself; - improved monitoring of energy consumption through smart metering and integration with building management systems; - setting intern... |
Apart from working through new and existing Academic Alliances, TCS Co-Innovation Network connected to several incubators and innovation hubs around the world. The full list is available at TCS Academic Alliances. The TCS Research Scholar Programme has funded 208 PhD scholars in five years (2010 -2015). The programme h... |
- (a) Name(s) of the related party and nature of relationship: Not Applicable - (b) Nature of contracts/arrangements/transactions: Not Applicable - (c) Duration of the contracts / arrangements/transactions: Not Applicable - (d) Salient terms of the contracts or arrangements or transactions including the value, if any: ... |
Chandrasekaran Chief Executive Officer and Managing Director Cyrus Mistry Chairman, Corporate Social Responsibility Committee Mumbai, April 18, 2016 # Directors' Report # 5(c) Manner in which amount spent during the financial year is detailed below: |Sr. No.|CSR Project or Activity|Sector in which the project is covere... |
No.|Name and Address of the Company|CIN / GLN|Holding / Subsidiary / Associate|% of shares held|Applicable Section| |---|---|---|---|---|---| |1.|Tata Sons Limited Bombay House, 24, Homi Modi Street, Mumbai 400 001|U99999MH1917PLC000478|Holding|73.26|2(46)| |2.|APTOnline Limited (formerly known as APOnline Limited) Koh... |
88, rue de Villiers, 92300 Levallois Perret, Paris, France|- do -|100|2(87)| |38|ALTI NV Lenneke Marelaan 6 - 1932 Zaventem, (Belgium)|- do -|100|2(87)| |39|Tescom (France) Software Systems Testing S.A.R.L. 88, rue de Villiers, 92300 Levallois Perret, Paris, France|- do -|100|2(87)| |40|ALTI Switzerland S.A. Avenue Lou... |
Qualified Foreign Investor|0|0|0| |i. Foreign Portfolio Investors (Corporate)|39,280,903|131,330,700|4.660| |j. Any Other (specify)|0|0|0| |Sub-Total (B) (1)|423,893,492|433,457,568|0.357| |2. Non-Institutions| | | | |a. Bodies Corporate|6,631,652|6,752,570|0.004| |b. Individuals -| | | | |i. Individual shareholders ho... |
No.|Top 10 Shareholders*|Shareholding at the beginning of the year|Cumulative Shareholding at the end of the year| |---|---|---|---| |1.|Life Insurance Corporation of India|No. of shares: 48,141,245 % of total shares of the company: 2.46|No. of shares: 58,521,537 % of total shares of the company: 2.97| |2.|Abu Dhabi In... |
These represent the bank overdraft of ` 1.16 crores and other borrowings as of March 31, 2016. 3. These are deposits received on account of sub-lease of premises and from vendors for contracts to be executed. # VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL # A. Remuneration to Managing Director, Whole-time... |
The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ('SEBI Act') 1. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; 2. The Securities and Exchange Board of India (Prohibition of Insider Trading) Re... |
We have followed the audit practices and process as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test basis to ensure that correct facts are reflected in Secretarial records. We believe that the process and practices we fo... |
The first element of strategy has resulted in a de-risked business portfolio that is broadly diversified across all three dimensions: geography, industry verticals and service lines, lending the business substantial resiliency from local or sectoral business cycle volatility. Details have been provided in discussion on... |
Today, the Company's global delivery footprint covers over 145 solution centers across 19 countries, and it is now almost routine for our large customers to be serviced by globally distributed teams located out of a dozen or more delivery locations. In the digital era, where customers are looking to TCS to help leverag... |
- (b) The executive briefing center at our Banyan Park campus in Mumbai which provides visiting customers and prospects with an immersive experience of many of the transformational digital solutions we have already built across different industry verticals and also collaborate with our teams on developing innovative so... |
Scale, speed, spread and quality is ensured through these state of the art infrastructure and programme content. Aspire, our digital ILP breaks the geographic boundaries and facilitates the new joiners to be productive much faster. The need to strengthen and improve leadership pipeline is an important priority to keep ... |
Risk management and compliance A robust enterprise compliance management (ECM) framework and process has been deployed across the Company. The process is enabled by a digital platform that provides an enterprise-wide view of compliance across global locations. The Company ensures compliance of all applicable laws globa... |
Among global IT services companies, TCS is ranked second in market capitalisation and net income, third in headcount and fifth in revenues. (Source: Company reports, Gartner, Reuters). Also, TCS has maintained its track record of sharing the wealth created with its stakeholders. # Revenue trend | |Revenue| |---|---| |F... |
The discussions herein below relate to consolidated statement of profit and loss for the year ended March 31, 2016, consolidated balance sheet as at March 31, 2016 and the consolidated cash flow statement for the year ended March 31, 2016. The consolidated results are more relevant for understanding the performance of ... |
# Annual Report 2015-16 # Revenue by services | |Fiscal 2016| |Fiscal 2015| |---|---|---|---| |Technology services:|` crores|% of revenue|` crores| |Application development and maintenance (ADM)|43,303.52|39.86|38,056.53| |Enterprise solutions (ES) & consulting|18,990.09|17.48|17,885.45| |Assurance services|9,388.09|8.... |
Note 2 (m) to the consolidated financial statements describes the accounting policy relating to the derivative instruments and hedge accounting. Note 40 to the consolidated financial statements provide details of the derivative financial instruments entered by the Company during fiscal 2016 with comparatives for fiscal... |
Insurers have been trying to improve profits through underwriting, expense reduction and tighter scrutiny of capital investments because of poor investment yields and rate declines across most insurance lines of business. Increased competition and disruption from new players in the industry continue to impact rate and ... |
Retailer's IT spend is largely driven by their need to deliver a unified, personalised and frictionless experience. To enable this, there is focus on creating real time, agile and simplified enterprises powered by the digital forces. Micro-services based architecture, big data analytics, cloud, IoT, virtual reality, ar... |
Management Discussion and Analysis # FINANCIAL POSITION -- CONSOLIDATED # Share capital | |As at March 31, 2016|As at March 31, 2015| |---|---|---| |Authorised|460.05 crores equity shares of ` 1 each|460.05 crores equity shares of ` 1 each| | |105.03 crores redeemable preference shares of ` 1 each|105.03 crores redeema... |
# Other current and long-term liabilities | |As at March 31, 2016|As at March 31, 2015| |---|---|---| |Other current liabilities| | | |Income received in advance|1,358.86|1,062.31| |Advance received from customers|164.23|130.76| |Other payables|3,683.89|2,317.90| |Other liabilities|150.47|135.62| |Total|5,357.45|3,646.... |
Goodwill on consolidation as at March 31, 2016 stood at ` 1,900.55 crores (` 2,093.22 crores as at March 31, 2015). Pursuant to the amalgamation of CMC Limited, the general reserve has been adjusted by the goodwill relating to this subsidiary, thereby reducing the goodwill on consolidation. Management Discussion and An... |
In the following discussions, the impact of the one-time employee reward on cash flow from operating activities has been excluded for like to like comparison. # Summary of cash flow statement: | |Fiscal 2016 - excluding payment of one-time employee reward|Fiscal 2015 as reported|Fiscal 2016 as reported| |---|---|---|--... |
Management Discussion and Analysis # Annual Report 2015-16 # TCS'S PERFORMANCE TREND (INDIAN GAAP CONSOLIDATED) # PERFORMANCE SUMMARY | |Fiscal 2016|Fiscal 2015*|Fiscal 2015|Fiscal 2014|Fiscal 2013|Fiscal 2012|Fiscal 2011|Fiscal 2010|Fiscal 2009|Fiscal 2008|Fiscal 2007| |---|---|---|---|---|---|---|---|---|---|---|---|... |
# Management Discussion and Analysis # DISCUSSIONS ON FINANCIAL PERFORMANCE - UNCONSOLIDATED The following table gives an overview of the financial results of TCS Limited: | |Fiscal 2016|% growth|Fiscal 2015 - ex rewards|Fiscal 2015 - as reported| |---|---|---|---|---| |Revenue from operations|85,863.85|100.00|16.70|16... |
As a percentage of revenue, PBT decreased from 36.53% in fiscal 2015 to 36.53% in fiscal 2016. # Profit for the year (PAT) The net profit in fiscal 2016 was ` 22,882.70 crores (26.65% of revenue) as compared to ` 21,091.43 crores in fiscal 2015, ex reward (28.67% of revenue). Management Discussion and Analysis # Annual... |
# Management Discussion and Analysis # Other current liabilities and long-term liabilities | |As at March 31, 2016|As at March 31, 2015|As at March 31, 2016|As at March 31, 2015|As at March 31, 2016|As at March 31, 2015| |---|---|---|---|---|---|---| |Other current liabilities|Other long-term liabilities|Total other li... |
# Cash & bank balances | |As at March 31, 2016|As at March 31, 2015| |---|---|---| |Short - term bank deposits|-|16,002.75| |Cash and cash equivalents and earmarked balances with banks|4,806.37|499.75| |Total|4,806.37|16,502.50| Management Discussion and Analysis # Annual Report 2015-16 # CASH FLOW - UNCONSOLIDATED TCS... |
The Company has successfully laid down the framework and ensured its effectiveness. TCS's internal controls are commensurate with its size and the nature of its operations. These have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, com... |
The Company's corporate governance philosophy has been further strengthened through the Tata Business Excellence Model, the TCS Code of Conduct for Prevention of Insider Trading and the Code of Corporate Disclosure Practices ("Insider Trading Code"). The Company has in place an Information Security Policy that ensures ... |
Aarthi Subramanian|Non-Independent, Executive|2,800| The Company has not issued any convertible instruments. # III. Committees of the Board # A. Audit committee # i. The audit committee of the Company is constituted in line with the provisions of Regulation 18 of SEBI Listing Regulations, read with Section 177 of the A... |
Aman Mehta (Chairman)|Independent, Non-Executive|5|5| | |Mr. V. Thyagarajan|Independent, Non-Executive|5|5| | |Dr. Ron Sommer|Independent, Non-Executive|5|5| | |Dr. Vijay Kelkar|Independent, Non-Executive|5|5| | |Mr. Ishaat Hussain|Non-Independent, Non-Executive|5|4| | |Mr. O. P. Bhatt|Independent, Non-Executive|5|5| |... |
Annual increments are decided by the Nomination and Remuneration Committee within the salary scale approved by the members and are effective April 1, each year. The Nomination and Remuneration Committee decides on the commission payable to the Managing Director and the Executive Directors out of the profits for the fin... |
Details of investor complaints received and redressed during the year 2015-16 are as follows: |Opening Balance|Received during the year|Resolved during the year|Closing Balance| |---|---|---|---| |3|124|126|1*| * As required by Securities and Exchange Board of India ("SEBI"), reminder letter was sent to the complainant... |
# One meeting of the health, safety and sustainability committee was held during the year on September 3, 2015 The composition of the health, safety and sustainability committee and details of the meeting attended by its members are given below: |Name|Category|Number of meetings during the financial year 2015 -16|Held|... |
- The auditors' report on statutory financial statements of the Company are unqualified. - Mr. Cyrus Mistry is the Chairman of the Company and Mr. N. Chandrasekaran is the Chief Executive Officer and Managing Director of the Company. The Company has complied with the requirement of having separate persons to the post o... |
Generally, the factors that may be considered by the Board of Directors before making any recommendations for dividend include, without limitation, the Company's future expansion plans and capital requirements, profits earned during the fiscal year, cost of raising funds from alternate sources, liquidity position, appl... |
Categories of equity shareholders as on March 31, 2016 : |Category|Number of equity shares held|Percentage of holding| |---|---|---| |Promoters|144,34,51,698|73.26| |Other Entities of the Promoters Group|32,81,212|0.16| |Insurance Companies|7,86,04,759|3.99| |Indian Public and others|7,75,55,288|3.94| |Mutual Fund and ... |
Corporate Governance Report 123 # Annual Report 2015-16 # a) For shareholders of erstwhile e-Serve which has merged with the Company: The following table gives information relating to outstanding dividend accounts and the dates by which they can be claimed by the shareholders: |Financial Year|Date of declaration|Last d... |
We have examined the relevant records of the Company in accordance with the Generally Accepted Auditing Standards in India, to the extent relevant, and as per the Guidance Note on Certification of Corporate Governance issued by the Institute of Chartered Accountants of India. 4. In our opinion and to the best of our in... |
Details of Director/Directors responsible for BR a) Details of the Director/Director responsible for implementation of the BR policy/policies: The Corporate Social Responsibility (CSR) Committee of the Board of Directors is responsible for implementation of BR policies. The members of the CSR Committee are as follows: ... |
197 complaints were received during the year 2015-16, from various stakeholders. 89.8% of these were satisfactorily resolved. Internal review is under progress for the pending items. # Additional Information The Tata Code of Conduct (TCoC) is the guiding document on principles of responsible business conduct for all em... |
The services offered include the delivery of Land Records (Pahani/Adangal, ROR 1B, FMB), Income, Birth, Death, Residence, Caste certificates, Registration Department Services like Encumbrance Certificates, Certified Copy of Registration Documents, DISCOM Services like new electricity connection, load change, category c... |
Through TCS' support this initiative has successfully completed an order of making 13,600 cotton bags for TCS World 10K & Mumbai Marathon in the last 3 years. # 5. Does the company have a mechanism to recycle products and waste? Yes # i. If yes what is the percentage of recycling of products and waste (separately as <5... |
Safety All the categories of employees mentioned above have been covered through our training modules. Training on health and safety is imparted to associates as a part of the induction training combined with an annual refresher web based HSE training. An effective mode of training has been informal floor-walks and tow... |
Does the company have any project related to Clean Development Mechanism? If so, provide details thereof, in about 50 words or so. Also, if Yes, whether any environmental compliance report is filed? Not Applicable # 5. Has the company undertaken any other initiatives on - clean technology, energy efficiency, renewable ... |
UDAAN, initiative for increasing employability of Kashmiri Youth TCS was the first organisation in India to sign an MOU with the National Skill Development Corporation (NSDC) to promote employability among youth from Jammu & Kashmir. Through a 14 week training programme designed by TCS, UDAAN seeks to improve skills re... |
Students at the Avasara Learning Academy # xi. BriDgeIT BriDgeIT is unique project to demonstrate the use of IT as a key enabler in school education, adult literacy and creation of entrepreneurs. # Digital literacy through the BridgeIT Programme at Jhansi, India # IT Employability Programme The goal of IT Employability... |
Tech CSR team offers multiple technical competencies and provides simple, user friendly and holistic systems which assist in mapping core functions of the social programme and translate them into tools for efficiency, visibility and accountability. In FY 2015-16, the Tech CSR Team has supported and successfully launche... |
The programme has helped achieve the highest survival rate of 51.17% of hatching thereby contributing to an increase in the marine turtle population worldwide. # ii. Chinnappanahalli Lake Conservation TCS started the association with Chinnapanahalli Lake, Bengaluru through financial support for the maintenance of the l... |
# IT training centre at South Africa In Middle East and Africa, our programmes have impacted over 2000 people. TCS South Africa has initiated several programmes to bring about IT awareness in schools and in underdeveloped rural areas of South Africa. In South Africa, TCS has trained more than 500 under-privileged child... |
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