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# Management's Responsibility for the Consolidated Financial Statements The Company's Board of Directors is responsible for the preparation of these consolidated financial statements in terms of the requirements of the Companies Act, 2013 ('the Act') that give a true and fair view of the consolidated financial position... |
# Report on Other Legal and Regulatory Requirements As required by Section 143 (3) of the Act, we report, to the extent applicable, that: 1. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid consol... |
# Auditors' Responsibility Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Standards on Auditing prescribed under Section 143(10) of the Act and the Guidance Note, to the extent applicable... |
EQUITY AND LIABILITIES| |Shareholders' funds|Shareholders' funds|Shareholders' funds| |(a) Share capital|197.04|195.87| |(b) Reserves and surplus|65163.52|50438.89| | |65360.56|50634.76| |Minority interest|502.23|1127.76| |Non-current liabilities|Non-current liabilities|Non-current liabilities| |(a) Long-term borrowing... |
Bhatt Aarthi Subramanian Rajesh Gopinathan Director Executive Director Chief Financial Officer Suprakash Mukhopadhyay Company Secretary Mumbai, April 18, 2016 Mumbai, April 18, 2016 Consolidated Financial Statements 151 # Annual Report 2015-16 # Consolidated Cash Flow Statement for the year ended March 31, 2016 | |Note... |
The Group's full services portfolio consists of IT and Assurance Services, Business Intelligence and Performance Management, Business Process Services, Cloud Services, Connected Marketing Solutions, Consulting, Eco-sustainability Services, Engineering and Industrial Services, Enterprise Security and Risk Management, En... |
154 Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements |Type of asset|Period| |---|---| |Leasehold land and buildings|Lease period| |Freehold buildings|20 years| |Factory buildings|20 years| |Leasehold improvements|Lease period| |Plant and machinery|10 years| |Computer equip... |
Any asset resulting from this calculation is limited to the present value of available refunds and reductions in future contributions to the scheme. # ii) Other employee benefits The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees is recognised ... |
Foreign currency monetary assets and liabilities other than net investments in non-integral foreign operations are translated at the exchange rate prevailing on the balance sheet date and the exchange gains or losses are recognised in the statement of profit and loss. Exchange difference arising on a monetary item that... |
Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent ... |
15,06,983 equity shares of ` 1 each have been issued to the shareholders of TCS e-Serve Limited in terms of the composite scheme of amalgamation ('the Scheme') sanctioned by the High Court of Judicature at Bombay vide its Order dated September 6, 2013. Consolidated Financial Statements 159 # Annual Report 2015-16 # Not... |
# 10) OTHER CURRENT LIABILITIES Other current liabilities consist of the following: | |As at March 31, 2016|As at March 31, 2015| |---|---|---| |(a) Current maturities of long-term debt|0.29|0.47| |(b) Current maturities of obligations under finance lease (Refer Note 35)|49.05|57.40| |(c) Interest accrued but not due o... |
164 Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements # 13) NON-CURRENT INVESTMENTS Non-current investments consist of the following: |(` crores)|As at March 31, 2016|As at March 31, 2015| |---|---|---| |(a) TRADE INVESTMENTS (at cost)| | | |Fully paid equity shares (unquot... |
# 19) TRADE RECEIVABLES Trade receivables (Unsecured) consist of the following: |(` crores)|As at March 31, 2016|As at March 31, 2015| |---|---|---| |(a) Over six months from the date they were due for payment| | | |(i) Considered good|1592.25|1469.78| |(ii) Considered doubtful|573.13|422.94| |(b) Others| | | |(i) Cons... |
|(t) Other expenses|1696.58|1384.37| |Total|36287.34|31465.55| (i) Overseas business expenses comprise: |Travel expenses|1161.34|1140.71| |---|---|---| |Employee allowances|13678.65|12223.20| (ii) Repairs and maintenance includes: |Buildings|273.65|267.25| |---|---|---| |Office and computer equipment|448.96|427.95| # 2... |
total assets minus total liabilities As % of consolidated net assets (` crores)|Amount|As % of consolidated profit or loss|Amount| |---|---|---|---|---|---|---|---| |Tata Consultancy Services Chile S.A.|Chile|100.00|100.00|0.86|604.31|0.39|99.10| |Technology Outsourcing S.A.C|Peru|100.00|-|0.01|9.56|(0.01)|(1.51)| |TAT... |
The Group recognised ` 679.83 crores (March 31, 2015: ` 606.47 crores) for provident fund and pension fund contributions and ` 248.91 crores (March 31, 2015: ` 222.44 crores) for superannuation contributions in the statement of profit and loss. The contributions payable to these plans by the Group are at rates specifie... |
# Consolidated Financial Statements # Notes forming part of the Consolidated Financial Statements The following table set out the funded and unfunded status of the retirement benefit plans and the amounts recognised in the financial statements: | |Indian| |Foreign| |Consolidated| | |---|---|---|---|---|---|---| | |Fund... |
The Group is expected to contribute ` 114.23 crores to defined benefit plans for the year ended March 31, 2017, comprising domestic component of ` 102.86 crores and foreign component of ` 11.37 crores. Previous years' figures are in italics. # 32) SEGMENT REPORTING The Group has identified business segments (industry p... |
# RELATED PARTY DISCLOSURES # A) Related parties and their relationship # I) Holding Company Tata Sons Limited # II) Fellow subsidiaries with whom the Group has transactions * * * ** n n t *Ret* * te * * * * ** o*t** * ene * * n u *n e*Uo *n * te * * * ** o*t** * e* n u *n e*Uo *n * te * * * ** o*t** n e t ent*Uo o *t ... |
equity contribution|128.36|-|-|128.36| | |122.93|-|-|122.93| |Purchase of fixed assets|-|29.93|-|29.93| | |-|66.73|-|66.73| |Loans and advances given|-|0.94|-|0.94| | |-|-|-|-| |Loans and advances repaid|-|-|-|-| | |-|0.05|-|0.05| |Inter-corporate deposits matured|-|-|-|-| | |-|385.00|-|385.00| |Purchase of investments... |
# 35) OBLIGATIONS TOWARDS FINANCE LEASES |Particulars|As at March 31, 2016|As at March 31, 2015| |---|---|---| |Assets acquired under finance lease| | | |i) Minimum lease payments:| | | |Not later than one year|58.73|70.03| |Later than one year but not later than five years|80.18|109.59| |Later than five years|32.92|44... |
In addition to the above Cash Flow Hedges, the Group has outstanding foreign exchange forwards, option and futures contracts with notional amount aggregating ` 22143.66 crores (March 31, 2015: ` 19949.03 crores) whose fair value showed a gain of ` 284.48 crores as at March 31, 2016 (March 31, 2015 : gain of ` 159.65 cr... |
The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the standalone financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the ... |
70928) Mumbai, April 18, 2016 # Unconsolidated Financial Statements 189 # Annual Report 2015-16 # ANNEXURE 'A' TO THE INDEPENDENT AUDITORS' REPORT (Referred to in paragraph 1(f) under 'Report on Other Legal and Regulatory Requirements' section of our report of even date) # Report on the Internal Financial Controls Over... |
190 Unconsolidated Financial Statements # Opinion In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting... |
- (c) Details of dues of Income Tax, Sales Tax, Service Tax and Value Added Tax which have not been deposited as at March 31, 2016 on account of dispute are given below: |Particulars|Forum where the dispute is pending|Financial Year to which the amount relates|Total (` Crores)| |---|---|---|---| |Income Tax|Commissione... |
NOTES FORMING PART OF THE FINANCIAL STATEMENTS|III. NOTES FORMING PART OF THE FINANCIAL STATEMENTS|III. NOTES FORMING PART OF THE FINANCIAL STATEMENTS| |1-50|1-50|1-50| As per our report attached For and on behalf of the Board For Deloitte Haskins & Sells LLP Cyrus Mistry N. Chandrasekaran Prof. Clayton M. Christensen ... |
Bhatt Director Aarthi Subramanian Executive Director Rajesh Gopinathan Chief Financial Officer Suprakash Mukhopadhyay Company Secretary Mumbai, April 18, 2016 Mumbai, April 18, 2016 Unconsolidated Financial Statements # Annual Report 2015-16 # Cash Flow Statement for the year ended March 31, 2016 | |Note|2016|2015| |--... |
The financial statements have been prepared under the historical cost convention on accrual basis, except for certain financial instruments which are measured at fair value. Comparative figures do not include the figures of erstwhile CMC Limited which is amalgamated with the Company with effect from April 1, 2015. Cons... |
# h) Employee benefits # (i) Post-employment benefit plans Contributions to defined contribution retirement benefit schemes are recognised as expense when employees have rendered services entitling them to such benefits. For defined benefit schemes, the cost of providing benefits is determined using the Projected Unit ... |
Advance taxes and provisions for current income taxes are presented in the balance sheet after off-setting advance tax paid and income tax provision arising in the same tax jurisdiction for relevant tax paying units and where the Company is able to and intends to settle the asset and liability on a net basis. The Compa... |
These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements. # o) Cash and cash equivalents The Company considers all highly liq... |
15,06,983 equity shares of ` 1 each have been issued to the shareholders of TCS e-Serve Limited in terms of the composite scheme of amalgamation sanctioned by the High Court of Judicature at Bombay vide its Order dated September 6, 2013. # Unconsolidated Financial Statements 201 # Annual Report 2015-16 # Notes forming ... |
# 11) SHORT-TERM PROVISIONS Short-term provisions consist of the following: |(` crores)|As at March 31, 2016|As at March 31, 2015| | |---|---|---|---| |(a) Provision for employee benefits| |1164.05|951.52| |(b) Proposed final dividend on equity shares| |5320.16|4700.95| |(c) Tax on dividend| |1083.06|939.91| |(d) Curre... |
and cash consideration)| | | Unconsolidated Financial Statements 207 # Annual Report 2015-16 # Notes forming part of the Financial Statements # 13) NON - CURRENT INVESTMENTS (contd.) |In Numbers|Currency|Face Value Per share|Description|As at March 31, 2016|As at March 31, 2015| |---|---|---|---|---|---| |25,00,000|INR... |
# Unconsolidated Financial Statements # 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, 2016|As at March 31, 2015| |---|---|---| |(a) Considered good| | | |(i) Capital advances|186.46|201.90| |(ii) Se... |
# 19) TRADE RECEIVABLES Trade receivables (Unsecured) consist of the following: |(` crores)|As at March 31, 2016|As at March 31, 2015| |---|---|---| |(a) Over six months from the date they were due for payment| | | |(i) Considered good|1534.77|1825.69| |(ii) Considered doubtful|495.24|322.17| |(b) Others| | | |(i) Cons... |
Overseas business expenses comprise: |Travel expenses|947.07|930.73| |---|---|---| |Employee allowances|12459.08|10886.90| # (ii) Repairs and maintenance comprise: |Buildings|240.47|227.72| |---|---|---| |Office and computer equipment|392.56|263.46| # (iii) Software, hardware and material costs include: |Material costs... |
Under the schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. In respect of Provident fund contributions to trust set up for this purpose, the Company is generally liable for annual contribution and any deficiency in interest cost compared to interest compute... |
# Experience adjustment | |2016|2015|2014|2013|2012| |---|---|---|---|---|---| |On plan liabilities loss/(gain)|76.13|32.06|(56.09)|(18.10)|43.75| |On plan assets gain|26.77|5.96|21.90|4.00|6.63| |Present value of benefit obligation|1632.03|1264.32|987.22|830.16|679.25| |Fair value of plan assets|1746.13|1441.91|849.52... |
Nippon TCS Solution Center Limited (merged with Tata Consultancy Services Japan Ltd. w.e.f 01.07.2014) 8. Tata Consultancy Services Japan Ltd. (merged with IT Frontier Corporation (a subsidiary of Mitsubishi Corporation) w.e.f 01.07.2014) 9. Tata Consultancy Services Japan, Ltd. (new entity formed w.e.f 1.07.2014 pursu... |
12.03.2015) # Unconsolidated Financial Statements # Notes forming part of the Financial Statements # 31) RELATED PARTY DISCLOSURES (contd.) # B) Transactions with related parties for the year ended March 31, 2016 | |Holding Company|Subsidiaries|Fellow Subsidiaries|Management Personnel and their relatives|Total| |---|--... |
N.Chandrasekaran|36.66*|21.28| Unconsolidated Financial Statements 225 # Annual Report 2015-16 # 31) RELATED PARTY DISCLOSURES (contd.) # E) Disclosure of material balances with related parties | |As at March 31, 2016|As at March 31, 2015| | |---|---|---|---| |Trade receivables, unbilled revenues, loans and advances an... |
b) The Company has a purchase commitment towards India Innovation Fund for the uncalled amount of balance ` 24,486.94 per unit of 1,000 units aggregating to ` 2.45 crores (March 31, 2015: ` 2.96 crores) # 38) DERIVATIVE FINANCIAL INSTRUMENTS The Company, in accordance with its risk management policies and procedures, e... |
The particulars of dividends declared and paid to non-resident shareholders for the year ended March 31, 2015 and interim dividends for the year ended March 31, 2016, are as under: |Number of non-resident shareholders|Number of equity shares held|Gross amount of dividend 2016 ( ` crores)|Gross amount of dividend 2015 (... |
No.|Name of the Subsidiary Company|Reporting Currency|Exchange Rate|Share Capital|Reserves & Surplus|Total Assets|Total Liabilities|Turnover|Profit before Taxation|Provision for Taxation|Profit after Taxation|Proposed Dividend|% of Shareholding|Country| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |27|... |
at Birla Matushri Sabhagar, 19, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai 400 020 and at any adjournment thereof in respect of such resolutions as are indicated below: 1. To receive, consider and adopt (a) the Audited Financial Statements of the Company for the financial year ended March 31, 2016, togethe... |
# About the Theme TCS has successfully navigated through multiple technology cycles over the last five decades, pivoting and adapting each time to build new capabilities and help our clients realize the benefits of these new technologies. Our responsiveness, agility, and adaptability to change have been core to our lon... |
Amidst the rise of new Digital technologies, your Company remained focused on staying relevant to customers, employees, and the society at large, while delivering significant returns to shareholders. As our business transitions into a new and exciting phase of growth and innovation, the future of your Company could not... |
Revenue grew almost four-fold, from ` 30,029 crore in FY 2010 to ` 117,966 crore in FY 2017, a compounded annual growth rate of 21.6%. Our operating profit margin - the highest in the industry - stayed stable in the 26-28% band throughout this period. Most importantly, the customer-centric vision to make early, far-sig... |
# Letter from the CEO segment was 10.5%; once again, the lowest in the industry. A significant part of our innovation effort this year was focused on harnessing the power of artificial intelligence (AI) and automation. This includes exciting new areas such as conversational systems, natural language processing systems,... |
With Warm Regards Yours Sincerely Rajesh Gopinathan Chief Executive Officer and Managing Director April 18, 2017 # TCS Annual Report 2016-17 # Performance Highlights # Revenue trend | |FY13|FY14|FY15|FY16|FY17| |---|---|---|---|---|---| |Revenue|62,989|81,809|94,648|108,646|117,966| CAGR 19.3% # Client metrics |$50 Mn+... |
# Brand |Employee|Customer|Investor| |---|---|---| |IN cusTOMER|2016-17 EurOpE|Institutional Investor's 2016 All Asia Executive Team recognized TCS as the Most Honored Company Asia: 2017| TCS' #DigitalEmpowers brand campaign, launched at the World Economic Forum in Davos in January 2017, won the 'Creative of the Future... |
Looking at those imperatives, we are advocating three common themes to customers: Agile, Automation, and Cloud. All three are critical building blocks for any organization's Digital transformation. Location-independent agility at scale, that is the ability to orchestrate Agile development across globally distributed te... |
# TCS Annual Report 2016-17 experience. We have also worked on new business ideas like contactless payment for an untapped segment of a financial services company. # How is TCS engaging with start-ups? TCS' Co-Innovation Network (COIN) has been connecting with start-ups, venture capitalists, and academia for over a dec... |
Our experience to-date indicates that ignio™ can reduce business-impacting outage duration by 80-90% through proactive actions and autonomous self-healing; reduce the time taken to perform complex activities by 90-95%, and eliminate 40-50% of manual effort. These benefits will keep increasing as we train ignio™ to take... |
This leverages our domain expertise, business knowledge, technology skills, and program management capability, and also our ecosystem partnerships. Most importantly, it is built on our unique collaborative and fluid service delivery structure that enables the easy coalescing of different capabilities into a One TCS tea... |
It seems Agile and DevOps are the buzzwords in software delivery today. Can you explain these and put them in context? In the Digital era, enterprises are under pressure to cater to heightened expectations from consumers within and outside the enterprise. Users are always looking for the next release and the next featu... |
This means that the entire team operates as a single unit towards a shared vision. A strong focus on cultural integration is another important piece. Conducting cultural awareness sessions and enabling a 'culture coach' role at distributed locations aid continuous integration of the teams. Finally, other measures like ... |
We believe we were the top recruiter on a net basis in the United States in FY2017. We have been certified as a 'Top Employer in North America 2017' by the Top Employers Institute for the third consecutive year. All this is helping us bring down our dependence on work visas. In 2016 and again this year, we have applied... |
This is in accordance with the provisions of the Companies Act, 2013 (Act), and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, and other applicable laws and regulations. The buyback is a capital allocation decision taken with the objective of seeking a fairer valuation of the Com... |
TCS' Global Network Delivery Model (GNDM), built on a strong process-driven and customer-centric integrated Quality Management System (iQMS), continues to deliver outstanding value and experience to our customers. iQMS is continually enhanced for emerging service offerings, new delivery methodologies, industry best pra... |
Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory, and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors,... |
They have submitted a declaration that each of them meet 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 status as an independent director during the year. During the year, the non-executive directors of the Company had no pe... |
LLP, Chartered Accountants as the statutory auditors of the Company in their place, for a term of five consecutive years, from the conclusion of the 22nd Annual General Meeting of the Company scheduled to be held in the year 2017 till the conclusion of the 27th Annual General Meeting to be held in the year 2022, for ap... |
@@ Increase in remuneration is not given as the concerned directors were only for the part of the year. * Relinquished the office of Chief Executive Officer and Managing Director and appointed as a Chairman of the Company w.e.f. February 21, 2017 ** Ceased to be a Director of the Company w.e.f. December 13, 2016 *** Re... |
Other areas of research include: an Integrated Computational Materials Platform in the materials space, the use of data science and high performance computational methods in genome analysis, metagenomic bio-markers and systems biology, and modeling of human behavior to understand the needs of a Digital citizen, Digital... |
- (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: ... |
No.|CSR Project or Activity|Sector in which the project is covered|Projects or programmes identified|Amount (budget)|Amount spent|Cumulative Expenditure|Direct or implementing agency| |---|---|---|---|---|---|---|---| |1|Training and educating children, women, elderly, differently abled, scholarships and special educat... |
39 Ferguson Road, Illovo, Johannesburg 2196, South Africa|Not applicable|- do -|100.2(87)| |9|Tata Consultancy Services (South Africa) (PTY) Ltd. 39 Ferguson Road, Illovo, Johannesburg 2196, South Africa|- do -|- do -|100.2(87)| |10|Tata Consultancy Services Qatar S. S. C. 935 Al Fardan Office Tower, Al Fardan 61, P.O.... |
(04) Floor 3, 10 Futong East Street, Chaoyang District, Beijing, Peoples Republic of China|- do -|- do -|1002(87)|-| |100|TCS Iberoamerica SA Colonia 1329; piso 3, Montevideo, Uruguay|- do -|- do -|1002(87)|-| |100|TCS Solution Center S.A. Ruta 8 km 17500, Zonamerica, Ed 600, Uruguay|- do -|- do -|1002(87)|-| |99.992|T... |
No.|Shareholder's Name|Shareholding at the end of the year 01.04.2016|Shareholding at the end of the year 31.03.2017|% change in shareholding| |---|---|---|---|---| |1|Tata Sons Limited|1,443,451,698|1,443,451,698|0.00| |2|Jamsetji Tata Trust|1,160,280|0|(0.06)| |3|Tata Industries Limited|363,700|3,700|(0.02)| |4|AF-Ta... |
of shares: 4,163,526 % of total shares of the company: 0.21| |2|Mr. N Chandrasekaran|01-Apr-2016| |No. of shares: 88,528 % of total shares of the company: 0.00|No. of shares: 88,528 % of total shares of the company: 0.00| |3|Mr. Ishaat Hussain|01-Apr-2016| |No. of shares: 1,740 % of total shares of the company: 0.00|No... |
Aarthi Subramanian, Executive Director|81.69| |(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961| | | | | |469.36| | | | | | | | | |(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961| |0.35|0.40|0.40|0.40|1.55| | | | | | | | | |(c) Profits in lieu of salary under Section 17... |
**The remuneration includes compensation for full year i.e., as Vice President-Finance from April 1, 2016 to February 21, 2017 and as Chief Financial Officer from February 21, 2017 to March 31, 2017. Note: Please refer to the note given under section III. iv. b. of the Corporate Governance Report. # VII. PENALTIES / PU... |
During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, standards etc. mentioned above. However, the Company has spent an amount of `380 crore against the amount of `446 crore to be spent during the year towards Corporate Social Responsibility, for which ... |
Growth drivers for the industry in FY 2017 remained largely the same as in the prior years, which are efficiency spends and transformational spends of customers. The broad components of industry growth drivers are listed below. TCS considers industry verticals as the primary segment for the business. The four key verti... |
Strategic decisions Three key strategic decisions taken in the past decade have played a major role in TCS' ability to successfully navigate this latest technology change to gain leadership in the Digital era: |Strategic Decision|What TCS did|Why it matters now| |---|---|---| |Shift to solution-selling|For over a decad... |
The growing market share in Digital and glowing client testimonials of TCS' capabilities are also reflected in the high rankings assigned to TCS in the various competitive assessments pertaining to Digital capabilities, published by various industry analyst firms. In FY 2017, TCS was ranked a Leader among peers in 21 c... |
CodeVita, "Huge congratulations to TCS … They have demonstrated a commitment to fundamentally changing workplace processes and cultures to make them inclusive to all, benefitting women and men at every level in their organization, and I hope they inspire other employers to do the same." -- Kathryn Nawrockyi, Gender Equ... |
In FY 2017, TCS' attrition rate in IT Services was 10.5% and overall attrition, including BPS was 11.5% (FY 2016: 14.7% and 15.5% respectively). This is not only a best-in-class metric, but also the lowest attrition rate at TCS in the last three years. # g. Compliance File: AR_TCS_2016_2017.md A robust internal check p... |
Overall growth was dragged down by the miscellaneous segment which declined year on year.|24.0% (26.1%)| The key areas of customer spending that drove across the different verticals this year were: - Experience first: Customer-centric initiatives focusing on superior user experience in an omni-channel context - Busines... |
Capabilities and value propositions addressing the discretionary as well as non-discretionary portions of client spend. Target market segments which might provide counter-cyclical support.| |Restrictions on Global Mobility|Distributed software development models require the free movement of people across countries. Gro... |
Ÿ The Company also utilizes a combination of online training, educational tools, social media and other awareness initiatives regarding data privacy and protection to foster a culture of awareness and responsibility among its employees.| |Cyber Security Risks of cyber attacks on the Company's networks are forever a thr... |
Average currency rates during FY 2017 compared to those in FY 2016 are given below: |Growth attributable to|FY 2017 (%)|FY 2016 (%)| |---|---|---| |Business growth|8.3|11.9| |Impact of Exchange rate|0.3|2.9| |Total Growth|8.6|14.8| |Currency|Weightage (Average)|FY 2017 (Average)|FY 2016 (Average)|Change in Average Rate... |
# Reserves and Surplus Reserves and Surplus at the end of FY 2017 stood at `86,017 crore, an increase of 21.4% over `70,875 crore at the end of FY 2016. A brief description of the Company's Reserves and Surplus is provided below: - Capital Redemption Reserve primarily arises when companies redeem preference shares. In ... |
Short-term provision for foreseeable loss on a long term contract declined to ` 66 crore as at March 31, 2017 (`115 crore as at March 31, 2016). Provision for foreseeable loss on a long term contract occurs when the estimated cost to completion exceeds the future revenue. Long Term Provisions increased from ` 277 crore... |
Management Discussion and Analysis 77 # Annual Report 2016-17 # Note no 2 (m) to the consolidated financial statements gives the details of the rates and method of depreciation on property, plant and equipment. (` crore) |Particulars|Gross block as at March 31, 2017|Gross block as at March 31, 2016|Accumulated Deprecia... |
# Loans |(` crore)|As at March 31, 2017|As at March 31, 2016|As at March 31, 2017|As at March 31, 2016|As at March 31, 2017|As at March 31, 2016| |---|---|---|---|---|---|---| |Short-term loans|344|1,021|6|7|350|1,028| |Inter-corporate deposits|2,565|1,721|3|2,465|2,568|4,186| |Others|-|1|-|-|-|1| |Total|2,909|2,743|9|... |
|(` crore)|FY 2017|FY 2016| |---|---|---| |Property, plant and equipment & intangible assets(net)|(1,953)|(1,968)| |Other investments (net)|(18,625)|(19,693)| |Deposits with banks (net)|438|16,144| |Inter - corporate deposits (ICD) (net)|1,619|(1,460)| |Interest received|1,788|1,816| |Other items (net)|1|11| |Net cash ... |
- Profit before tax (PBT): PBT aggregated ` 30,066 crore in FY 2017 (` 29,339 crore in FY 2016) - a growth of 2.5%. - Profit after tax (PAT): PAT aggregated ` 23,653 crore in FY 2017 (` 23,075 crore in FY 2016) - a growth of 2.5%. - Earnings per share (EPS): EPS aggregated ` 120.04 in FY 2017 (` 117.11 in FY 2016) - a ... |
In line with international practice, the conduct of internal audit is oriented toward the review of internal controls and risks in its operations such as software delivery, accounting and finance, procurement, employee engagement, travel, insurance, IT processes, including most of the subsidiaries and foreign branches.... |
The dates on which the said meetings were held: April 18, 2016; June 16 & 17, 2016; July 14, 2016; October 13, 2016; November 17, 2016; January 12, 2017; January 12, 2017; February 20, 2017 and March 9 & 10, 2017. The necessary quorum was present for all the meetings. v. The names and categories of the Directors on the... |
Aman Mehta (Chairman)|Independent, Non-Executive|- Six audit committee meetings were held during the year and the gap between two meetings did not exceed one hundred and twenty days. - Committee invites such of the executives, as it considers appropriate (particularly the head of the finance function), representatives ... |
Ÿ Frame, implement and monitor the risk management plan for the Company.|Mr. Ishaat Hussain Mr. N. Chandrasekaran Mr. O. P. Bhatt Mr. Rajesh Gopinathan* Ms. Aarthi Subramanian|Ÿ Four meetings of the risk management committee were held during the year. * Relinquished the office of Chief Financial Officer and appointed a... |
In each country where the Company operates, the remuneration structure is tailored to the regulations, practices and benchmarks prevalent in the IT industry. The Company pays remuneration by way of salary, benefits, perquisites and allowances (fixed component) and commission (variable component) to its Managing Directo... |
Aarthi Subramanian ###|-|-|-|1|1|4|-| | Whether quorum was present for all the meetings: The necessary quorum was present for all the above committee meetings. * Mr. N. Chandrasekaran was appointed as a Chairman of Corporate Social and Responsibility Committee w.e.f. March 10, 2017, as a member of Nomination and Remune... |
The voting under the postal ballot was kept open from March 17, 2017 (9.00 a.m. IST) to April 15, 2017 (5.00 p.m. IST). Upon completion of scrutiny of the postal ballot forms and votes cast through e-voting in a fair and transparent manner, the scrutinizer i.e. Mr. Parikh submitted his report to the Company and the res... |
The Company does not have any material non-listed Indian subsidiary company.|The Company has a policy for determining 'material subsidiaries' which is disclosed on its website at the following link| # 100 Corporate Governance Report # Particulars # Dividend Distribution Policy |Regulations|Details|Website link for deta... |
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