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+"The internal financial controls over financial reporting of Tata Consultancy Services Limited and its Indian subsidiaries were audited as of March 31, 2016, in conjunction with the consolidated financial statements for the same period. The Board of Directors of the Company and its subsidiaries is responsible for establishing and maintaining these internal financial controls based on specific criteria. This includes designing, implementing, and maintaining effective controls to ensure orderly business conduct, asset safeguarding, fraud prevention, and accurate financial reporting. The auditors' role is to express an opinion on the effectiveness of these internal financial controls based on their audit. The audit was conducted in accordance with established auditing standards and required compliance with ethical guidelines. The audit involved obtaining evidence regarding the adequacy and effectiveness of the internal controls, assessing risks, and testing the controls based on those risks. Internal financial controls are processes designed to provide reasonable assurance about the reliability of financial reporting and compliance with accounting principles. These controls include maintaining accurate records, ensuring transactions are recorded properly, and preventing unauthorized asset use. There are inherent limitations to internal financial controls, such as the potential for collusion or management override, which may lead to undetected material misstatements. Future evaluations of these controls may also be affected by changes in conditions or compliance levels. The auditors concluded that, in all material respects, the Company and its subsidiaries have an adequate internal financial control system that was operating effectively as of March 31, 2016. This opinion is based on the criteria established by the Company and its subsidiaries. The report also references the auditors of five subsidiary companies, whose reports contributed to the overall assessment of internal financial controls. The consolidated financial statements reflect the financial position of the Company and its subsidiaries, including equity, liabilities, and assets. The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles and comply with relevant accounting standards. The consolidation process involves combining the financial statements of the Company and its subsidiaries on a line-by-line basis, eliminating inter-company transactions and unrealized profits. Estimates and assumptions are necessary for preparing financial statements, affecting reported balances and disclosures. Fixed assets are recorded at cost, and depreciation is charged on a straight-line basis over their useful lives. Leases are classified as finance or operating leases based on the risks and rewards of ownership. Impairment reviews are conducted to assess the carrying amounts of assets, and any impairment losses are recognized in the financial statements. Investments are stated at cost, with provisions for any temporary declines in value. Employee benefits include defined contribution and defined benefit plans, with costs determined using actuarial valuations. Revenue recognition is based on the nature of contracts, with revenue from services recognized as they are rendered. Tax expenses are determined according to applicable laws in India and foreign jurisdictions. The twenty-eighth Annual General Meeting of Tata Consultancy Services is scheduled for June 29, 2023, at 3:30 p.m. IST, to be conducted via video conferencing. The Integrated Annual Report for the financial year 2022-23, which includes the AGM notice, is being distributed electronically to members who have provided their email addresses. This report is also available on the company's website. Tata Consultancy Services has been a key player in IT services, consulting, and business solutions for over 55 years, assisting major businesses in their transformation journeys. The company reported a revenue growth of 17.6% for FY 2023, achieving an operating margin of 24.1%. The company has seen a significant increase in its workforce, reaching over 614,000 employees, with a notable percentage of women in the workforce. The global economic landscape is undergoing substantial changes, including transitions in energy, supply chains, and artificial intelligence, which present growth opportunities for the IT sector. TCS is focused on helping clients with their business transformations, emphasizing the adoption of new technologies and enhancing customer experiences. The company has maintained strong client relationships and a robust order book, indicating ongoing demand for its services. The company is investing in building AI capabilities and has developed a comprehensive suite of AI-powered products. TCS is also committed to sustainability, with initiatives aimed at reducing its carbon footprint and supporting community development. The leadership transition at TCS has seen K Krithivasan take over as CEO and Managing Director, succeeding Rajesh Gopinathan, who has contributed significantly to the company's growth. The company continues to prioritize cloud transformation and digital innovation, helping clients navigate complex workloads and manage cloud expenses effectively."
+"TCS's approach to talent development has resulted in a diverse workforce and a strong emphasis on continuous learning and skill acquisition. The company has engaged in various community initiatives, impacting millions through programs focused on education and digital skills. Overall, TCS is well-positioned to leverage technological advancements and respond to evolving market demands, ensuring its continued success in the IT services industry. TCS previously reported emissions only from the transportation of IT assets, but in FY 2023, it expanded its reporting to include emissions from non-IT supplies and waste disposal, which now accounts for a significant portion of total emissions in this category. The emissions for waste disposal are calculated based on various disposal methods and relevant emission factors. In FY 2023, business travel emissions were broadened to include hotel stays, contributing a small increase to total emissions in this category. Employee commute emissions now encompass TCS hired vehicles, personal and public commutes, and work-from-home emissions, with a focus on India. TCS has undertaken initiatives to protect biodiversity in ecologically sensitive areas, including installing low-intensity lights to minimize wildlife disruption and promoting native plant species. The company has implemented a biodiversity action plan across multiple campuses, resulting in the protection of numerous flora and fauna species. TCS has launched several energy efficiency projects, including HVAC and UPS systems, leading to substantial energy savings. The company has a comprehensive business continuity and disaster management plan that complies with international standards, ensuring preparedness for various emergencies. TCS assesses the environmental impact of 100% of its suppliers during the empanelment process and has initiated a sustainability assessment platform for ongoing evaluations. The company collaborates with various trade and industry associations to advocate for public policy reforms and engages in discussions on critical regulatory matters affecting the technology sector. TCS conducts social impact assessments for its projects and has mechanisms in place to address community grievances. The company prioritizes procurement from MSMEs and local suppliers, reflecting its commitment to inclusive growth. TCS has invested in various CSR projects in aspirational districts, benefiting a significant number of individuals, particularly from marginalized groups. The company has established a structured approach to receive and respond to customer feedback, ensuring high levels of customer satisfaction. TCS has not experienced any data breaches in FY 2023 and maintains a robust cybersecurity framework aligned with industry standards. The company provides information on its products and services through its website and has mechanisms to inform customers about potential service disruptions. The tax benefit for the year ending March 31, 2015, was significantly lower than the tax expense recorded for the previous year. The tax expense related to the settlement of various disputes was also lower in 2015 compared to 2014. The income tax expense components included current income tax from both India and overseas operations, with a notable increase in the current income tax from India in 2015. Deferred tax adjustments were made for previous years, impacting the overall tax expense recorded in the consolidated income statement. The reconciliation of the tax expense with the net income before tax showed a computed tax expense that was lower than the actual tax expense due to various adjustments, including losses and deductions claimed under tax holiday provisions. The deferred tax assets and liabilities were detailed, showing significant amounts related to provisions for impairment, losses available for offset, and minimum tax credits. The deferred tax assets were recognized based on the probability of future taxable profits, with a substantial amount of unrecognized deferred tax assets due to uncertainty about future profitability. The group did not recognize deferred tax liabilities for unremitted retained earnings where it could control the timing of profit distributions. The property, plant, and equipment section detailed the cost, accumulated depreciation, and net carrying amounts for various asset categories, showing a decrease in net carrying amounts from the previous year. The intangible assets section included goodwill, software, and bandwidth, with significant additions and adjustments made during the year. Impairment reviews were conducted for goodwill, with no impairments identified during the year. The carrying amounts of goodwill were allocated to specific cash-generating units, and the value-in-use calculations were based on approved financial plans. Key assumptions for these calculations included operating margins, discount rates, and growth rates. Investments in associates and joint ventures were accounted for using the equity method, with details provided on the carrying amounts and income statement contributions from these investments. The summarized financial information for joint ventures included revenue, profit, and the group's share of profits."
+"The group also reported on its investments in subsidiaries, highlighting the financial position and performance of subsidiaries with material non-controlling interests. The cash flow information for these subsidiaries was presented, showing net cash inflows and outflows from operating, investing, and financing activities. The group utilized various derivative financial instruments to manage transaction exposures, with details on the assets and liabilities related to these instruments. Embedded derivatives were identified and carried at fair value through profit or loss, reflecting the economic characteristics and risks associated with foreign currency contracts. The consolidated financial statements of Tata Consultancy Services Limited and its subsidiaries provide a comprehensive overview of the Group's financial performance and position for the year ended March 31, 2023. The total comprehensive income for the year amounted to 42,795 crore, reflecting an increase from the previous year. The profit attributable to shareholders was 42,147 crore, while non-controlling interests contributed 156 crore. Other comprehensive income for the year was 492 crore, with shareholders receiving the majority share. Earnings per equity share, both basic and diluted, stood at 115.19. The weighted average number of equity shares was reported at 365,90,51,373. The statement of changes in equity highlights the balance of equity share capital and other equity components, including retained earnings and reserves. The Group's cash flows from operating activities generated 41,965 crore, indicating a strong operational performance. In investing activities, the Group experienced a net cash inflow, primarily from the disposal of investments. However, financing activities saw a net cash outflow due to dividend payments and share buy-backs. The financial statements are prepared in accordance with Indian Accounting Standards, ensuring compliance with relevant regulations. The Group consolidates all entities under its control, eliminating inter-company transactions during the consolidation process. Significant accounting estimates, such as revenue recognition and impairment of goodwill, are made based on management's judgment. Recent amendments to accounting standards have been noted, including changes to the presentation of financial statements and income tax accounting. The Group evaluates the impact of these amendments on its financial reporting. The accounting for business combinations follows the acquisition method, recognizing identifiable assets and liabilities at fair value. Financial assets and liabilities are recognized upon entering into contractual agreements, with initial measurements at fair value. The Group considers highly liquid investments as cash equivalents, ensuring they are readily convertible to cash. Overall, the financial statements reflect the Group's robust financial health and adherence to accounting standards. Minimum Alternative Tax (MAT) paid under Indian tax laws is recognized as an asset if there is strong evidence that the company and its subsidiaries will pay normal income tax after the tax holiday period. MAT is recorded on the balance sheet when it can be reliably measured and future economic benefits are likely to be realized. Deferred tax expenses or benefits arise from timing differences between taxable income and accounting income, which are expected to reverse in future periods. Deferred tax assets and liabilities are assessed using tax rates and laws effective as of the balance sheet date. For unabsorbed depreciation and carry-forward losses, deferred tax assets are recognized only if there is virtual certainty of sufficient future taxable income. In other cases, they are recognized only with reasonable certainty of future taxable income. Advance taxes and current income tax provisions are presented in the balance sheet after offsetting advance tax paid against income tax provisions in the same tax jurisdiction, provided the group intends to settle them on a net basis. Deferred tax assets and liabilities can be offset if there is a legally enforceable right and they pertain to the same governing tax laws. Foreign currency transactions are converted at the exchange rates on the transaction date, while monetary assets and liabilities are translated at the balance sheet date's exchange rate, with gains or losses recognized in the profit and loss statement. Exchange differences on monetary items that are part of net investments in non-integral foreign operations are accumulated in a foreign currency translation reserve. Premiums or discounts on foreign exchange contracts are amortized over the contract period, and outstanding contracts are stated at fair value, with gains or losses recognized in the profit and loss statement. The group uses foreign exchange derivatives to hedge against currency fluctuations related to firm commitments and forecasted transactions, designating them as cash flow hedges. These hedging instruments are initially measured at fair value and remeasured at subsequent reporting dates."
+"Changes in the fair value of effective hedges are recognized directly in shareholders' funds, while any ineffective portions are recognized in the profit and loss statement. Provisions are recognized when there is a present obligation from past events, and it is probable that resources will be required to settle the obligation. Contingent liabilities are not recognized in financial statements, and contingent assets are neither recognized nor disclosed. Cash equivalents are defined as highly liquid financial instruments that can be converted into cash with minimal risk of value change and with original maturities of three months or less. The authorized share capital includes equity shares and redeemable preference shares, with changes noted due to amalgamations. The company has one class of equity shares, each carrying one vote, and dividends are subject to shareholder approval. The share capital structure includes details of shares held by the holding company and its subsidiaries, as well as significant shareholders. Reserves and surplus include various reserves such as capital reserve, capital redemption reserve, securities premium reserve, and foreign currency translation reserve, with specific movements noted for the year. Long-term borrowings consist of secured and unsecured loans, while deferred tax balances include both deferred tax liabilities and assets. Other long-term liabilities and provisions are detailed, along with short-term borrowings and current liabilities. Fixed assets are categorized into tangible and intangible assets, with details on gross block, accumulated depreciation, and net book value provided. Non-current investments include trade investments and other investments, with provisions for diminution in value noted. Long-term loans and advances consist of secured and unsecured amounts, while other non-current assets include interest receivables and long-term bank deposits. Current investments encompass various financial instruments, and inventories are carried at the lower of cost and net realizable value. Unbilled revenue reflects recognized revenue for fixed-price contracts, and trade receivables are detailed with provisions for doubtful accounts. Cash and bank balances include cash equivalents and earmarked balances, with short-term loans and advances also specified. The Board of Directors of the Company is properly constituted, maintaining a balance of Executive, Non-Executive, and Independent Directors. Changes in the Board's composition during the review period complied with legal requirements. All directors received adequate notice for Board Meetings, with agendas and detailed notes provided at least seven days in advance, ensuring meaningful participation. Decisions made during Board Meetings were unanimous, and the Company has sufficient systems to monitor compliance with applicable laws and regulations. No significant events affecting the Company's affairs occurred during the audit period. The management is responsible for maintaining secretarial records, while the auditors express their opinion based on their audit practices. The audit did not include verification of financial records. Management representations regarding compliance with laws and regulations were obtained where necessary. The Secretarial Audit report does not guarantee the Company's future viability or the effectiveness of management. TCS has a global presence and offers a comprehensive portfolio of IT services, consulting, and business solutions. The company focuses on customer-centricity, which drives its strategy and investment decisions. TCS has made significant investments in research, innovation, and talent development to enhance its service offerings. The company has a strong approach to talent management, aiming to attract and retain diverse talent critical for its success. TCS has implemented various initiatives to promote diversity, equity, and inclusion within the workforce. The company has a well-defined Occupational Health and Safety policy to ensure employee well-being. TCS has experienced unprecedented employee churn but has managed to reduce attrition rates in the latter half of the fiscal year. The financial performance overview indicates a significant increase in revenue and profit compared to the previous year. The company continues to focus on building strong relationships with clients and enhancing its service capabilities. The document outlines the financial statements and notes for Bharti Airtel Limited for the fiscal year ending March 31, 2015. It details the movements in defined benefit obligations, including actuarial gains and losses, and the fair value of plan assets related to gratuity. The report highlights the components of employee benefit costs recognized in profit or loss, including current service costs and interest costs. It also discusses the sensitivity analysis of defined benefit obligations to changes in actuarial assumptions, such as discount rates and salary growth rates. The history of experience adjustments for gratuity and compensated absence is presented, showing gains and losses in plan liabilities and assets. The document includes disclosures on other long-term employee benefits, such as a deferred incentive plan and long-term service awards, along with their estimated liabilities."
+"A section on the fair value of financial assets and liabilities compares carrying amounts and fair values, detailing various financial instruments, including derivatives and borrowings. The fair value hierarchy categorizes assets and liabilities into levels based on the observability of inputs used in valuation. The report describes the valuation techniques employed for fair value measurements, particularly for embedded derivatives, and outlines the sensitivity of fair value changes to unobservable inputs. Related party transactions are summarized, including purchases, sales, and loans, along with closing balances for amounts due from and to related parties. Remuneration for key management personnel is disclosed, covering short-term employee benefits and share-based payments. The lease disclosures detail obligations arising from non-cancellable leases, including future minimum lease payments as lessee and lessor. Commitments for capital expenditures and guarantees are also highlighted, indicating the Group's financial obligations. TCS has continued to invest in its Remote Energy Management Solution, enhancing the technology through its IoT platform, T CUP, and the Sensory Data Analytics Framework, SDAF, which supports scalable data management and analytics. The IoT platform's scalability allows for integration with other resource management areas like water and transportation, while improving energy management capabilities. A centralized Resource Operations Centre has been established in Kochi, staffed with experts for real-time energy monitoring and advanced analytics. TCS has also improved its metering infrastructure, with over 100 sites in India now under active monitoring and management. In terms of energy consumption reduction, TCS has successfully managed to decrease its annual energy bill by 26.91 million units, adjusting for significant operational changes. The company has established procedures for sustainable sourcing, ensuring that environmental, social, and ethical factors are considered in procurement. TCS aims to maximize sustainable sourcing each year, with compliance to its environmental and occupational health policies required from vendors. TCS has taken steps to support local and small producers, particularly those from marginalized communities, by providing training and opportunities for entrepreneurs. The company has empowered women in Panvel through eco-friendly jute bag production and has facilitated the establishment of a convention center for local vendors. The company has a recycling mechanism in place, with limited waste generation primarily from e-waste and municipal solid waste. TCS aims for less than 5% of waste to go to landfill, achieving 100% recycling for various waste types, including office paper and printer cartridges. TCS has reported a decrease in electricity consumption and carbon footprint, while fresh water consumption has slightly increased. The company employs a significant number of individuals, including a notable percentage of women and employees with disabilities, and has a recognized employee association. TCS has implemented various employee wellbeing initiatives, including health screenings and safety training, with a high percentage of employees receiving safety and skill training. The company actively engages with disadvantaged stakeholders and has a comprehensive human rights policy that extends to its vendors. TCS is committed to environmental sustainability, adhering to its environmental policy and monitoring emissions to ensure compliance with regulatory limits. The company has undertaken initiatives for energy efficiency and clean technology, with a focus on creating green infrastructure. TCS participates in industry associations to advocate for public good, engaging in consultations on governance, sustainable business principles, and inclusive development policies. The company has numerous programs aimed at promoting education, skill building, and economic empowerment, particularly for marginalized youth and women. The effective change in the fair value of designated hedging instruments is recorded in other comprehensive income and accumulated in the cash flow hedging reserve. The Company distinguishes between the intrinsic and time value of options, designating only the change in intrinsic value as a hedging instrument. Changes in the fair value of both intrinsic and time value are recognized in other comprehensive income and treated as a separate equity component. These amounts are reclassified to profit or loss when the hedged items impact it. Hedge accounting ceases when the hedging instrument expires, is sold, or no longer qualifies for hedge accounting. Any gains or losses recognized in other comprehensive income remain until the forecasted transaction affects profit or loss. If a forecasted transaction is no longer expected, the cumulative gain or loss in equity is transferred to profit or loss. Investments in subsidiaries are recorded at cost, less any impairment. Property, plant, and equipment are valued at cost, minus accumulated depreciation and impairment losses. Depreciation is calculated to allocate the cost over the estimated useful lives of the assets, which are reviewed at each reporting period."
+"The useful lives of various asset types are specified, and assets under finance leases are depreciated over the shorter of the lease term or their useful lives. Purchased intangible assets are recorded at cost, less accumulated amortization and impairment. Intangible assets include rights under licensing agreements and software licenses, amortized over their useful life, typically between two to five years. The Company evaluates financial assets for impairment at each balance sheet date, using a provision matrix for trade receivables based on historical credit loss experience and forward-looking information. For other financial assets, expected credit losses are measured based on either 12-month or lifetime expected losses, depending on the credit risk status. Tangible and intangible assets with finite lives are assessed for recoverability when there are indications of impairment. The recoverable amount is determined individually or at the cash-generating unit level if assets do not generate independent cash flows. If the recoverable amount is less than the carrying amount, an impairment loss is recognized. For defined benefit plans, the cost of benefits is determined using the Projected Unit Credit Method, with actuarial valuations conducted at each balance sheet date. Actuarial gains and losses are recognized in other comprehensive income. Past service costs are recognized as expenses when the plan is amended or when related restructuring costs are recognized. Defined contribution plan contributions are recognized as expenses when employees provide services. Compensated absences expected within twelve months are recognized as liabilities, while those expected beyond that period are recognized as actuarially determined liabilities. Inventories are valued at the lower of cost and net realizable value, with costs determined on a weighted average basis. Basic earnings per share are calculated by dividing profit attributable to equity shareholders by the weighted average number of equity shares outstanding. The Company has not yet applied certain new Indian Accounting Standards effective from April 1, 2018, including Ind AS 115 on revenue recognition and Ind AS 21 regarding foreign exchange rates. Ind AS 115 introduces a comprehensive model for revenue recognition based on a five-step approach, while Ind AS 21 clarifies accounting for advance consideration in foreign currencies. Property, plant, and equipment details include costs, additions, disposals, and accumulated depreciation, with net carrying amounts provided for various asset categories. Intangible assets are similarly detailed, showing costs, accumulated amortization, and net carrying amounts. Investments are categorized into non-current and current, with specific details on investments in subsidiaries and their valuations. Loans consist of unsecured loans to employees and inter-corporate deposits, with current and non-current classifications. Other financial assets include security deposits and interest receivables, with current and non-current classifications. The income tax expense includes current and deferred tax components, with a reconciliation of expected tax expense to reported tax expense provided. Deferred tax assets and liabilities are detailed, showing components recognized through profit or loss and other comprehensive income. The Company has contingent liabilities related to tax disputes, with ongoing evaluations of tax assessments in various jurisdictions. Bharti Airtel Limited received the Dun & Bradstreet Corporate award in the Telecom Services sector at the 2014 awards in Mumbai. B Srikanth, the Global CFO, was recognized as the Best Performing CFO in the Telecom Sector at the CNBC-TV18 CFO Awards 2013. The company was awarded the Top Treasury Team Asia 2014 at the Adam Smith Awards. Airtel achieved a perfect score of 100% on a Composite Disclosure Index by FTI Consulting, highlighting its strong disclosure practices among listed companies. In the mobile services sector, Airtel experienced significant growth in data usage driven by the rise of e-commerce and smartphone apps. By March 31, 2015, the company had 226 million GSM customers and improved its customer retention strategy, reducing churn from 2.9% to 2.7%. Data revenues increased from 9.9% to 15.2% of total revenues, with 46.4 million data customers, including 19.4 million on 3G services. The EBITDA margin improved to 37.6%, and EBIT margins rose to 24.0%. Airtel launched Wynk Music, a music streaming service that quickly gained popularity, achieving 1 lakh downloads in four days and 5 million within six months. The company introduced Platinum 3G, offering faster speeds and better coverage, and expanded its 4G services to 17 cities. The One Touch Internet initiative aimed to simplify internet access for first-time users. Airtel was recognized as the No.1 Service Brand in the Brand Equity Most Trusted Brands Survey 2014 and received multiple awards at the ET Telecom Awards 2014, including for Wynk Music."
+"The One Touch Internet portal was awarded Best Mobile Service/Application of the Year at the GSMA Global Mobile Awards 2015. In the telemedia services segment, Airtel provided fixed-line and broadband services to 3.4 million customers, with a focus on high-speed internet. The company made voice calls free for broadband customers and launched innovative products to enhance customer experience. Airtel Digital TV served 10.1 million customers, adding 1.1 million during the year, and reported a revenue growth of 24.6% on a like-to-like basis. The company introduced the Pocket TV app, allowing subscribers to watch TV on mobile devices. Airtel Business, a leading ICT services provider, reported a revenue increase and focused on expanding its global reach and enhancing customer engagement. The company won several awards for its performance in the enterprise telecom sector. In Africa, Airtel's customer base grew to 76.3 million, with a significant increase in data customers. Despite challenges from currency depreciation, the company reported a slight decline in overall revenues but saw growth in constant currency terms. Airtel Money achieved significant milestones, including a growing subscriber base and recognition for its services. Airtel continued to expand its 3G footprint across Africa and successfully renewed licenses in several countries. The company engaged in various community initiatives, including partnerships for financial services and support during health crises. The Company has not provided any loans, either secured or unsecured, to entities listed in the register maintained under Section 189 of the Act, making certain provisions of the Order inapplicable. The Company has adhered to the requirements of Section 185 and 186 of the Act regarding loans, investments, guarantees, and securities. The Company has not accepted public deposits as defined by the Reserve Bank of India and relevant sections of the Act. The Central Government has not mandated the maintenance of cost records for the services provided by the Company under Section 148 of the Act. The Company has regularly deposited undisputed statutory dues, such as Provident Fund and Goods and Services Tax, with the appropriate authorities, and there are no outstanding amounts in arrears for over six months as of March 31, 2019. There are ongoing disputes regarding certain tax dues, including Income-tax and Sales tax, with specified amounts and periods listed. The Company has not defaulted on loan repayments to banks and had no outstanding loans from financial institutions or government entities during the year. The Company did not raise funds through public offerings or term loans in the year. No material fraud has been detected during the audit. The Company has compensated managerial remuneration in accordance with the necessary approvals as per Section 197 and Schedule V of the Act. The Company is not classified as a Nidhi Company under Section 406 of the Act. All related party transactions comply with Sections 177 and 188 of the Act, and details have been disclosed in the financial statements. The Company has not engaged in any preferential allotments or private placements of shares or debentures during the year. There have been no non-cash transactions with directors or related persons. The Company is not required to register under Section 45-IA of the Reserve Bank of India Act, 1934. The internal financial controls of the Company were found to be adequate and effective as of March 31, 2019, based on established criteria. The financial statements have been prepared in accordance with Indian Accounting Standards and comply with the Companies Act, 2013. Intangible assets are amortized using a straight-line method over their economic useful life. Finite life intangible assets are assessed for recoverability when there are indications that their carrying amounts may not be recoverable. If such indications exist, the recoverable amount is determined for each asset unless it is part of a cash-generating unit. If the recoverable amount is lower than the carrying amount, an impairment loss is recognized in the profit and loss statement. The intangible assets include rights under licensing agreements and customer-related intangibles. The cost of these assets as of a specific date is detailed, along with accumulated amortization and net carrying amounts. Future amortization expenses for subsequent years are estimated. Other assets are categorized into non-current and current, with specific details on contract assets, prepaid expenses, and advances to related parties. The total value of other assets remains consistent across the two reporting periods. Provisions are classified into current and include provisions for foreseeable losses and other provisions. Other liabilities are also divided into non-current and current, with details on operating lease liabilities and advances received from customers."
+"Other equity includes capital reserves, capital redemption reserves, general reserves, and retained earnings, with specific changes noted over the reporting period. The impact of the transition to new accounting standards is reflected in retained earnings. Revenue recognition is based on the transfer of control of products or services to customers, with various methods applied depending on the nature of the contracts. Revenue is measured based on the transaction price, adjusted for discounts and incentives. The group disaggregates revenue by nature of services, with consultancy services and sales of equipment and software licenses being the primary categories. Changes in contract assets and unearned revenue are tracked, showing the balance at the beginning and end of the year. The impact of COVID-19 on future revenue streams is acknowledged, with potential challenges identified in various industry sectors. The group has taken steps to assess costs and manage contractual obligations in light of the pandemic. Other income includes interest income, dividend income, and gains from investments, with a breakdown provided for each category. Employee benefits are classified into defined benefit and defined contribution plans, with specific obligations and costs detailed. The defined benefit plans include gratuity and pension schemes, with actuarial valuations performed regularly. The changes in benefit obligations and plan assets are outlined, showing the funding status and periodic costs associated with these plans. Remeasurements of defined benefit liabilities are also reported, reflecting actuarial gains and losses. The Board of Directors of each company in the Group is responsible for overseeing the financial reporting process. The auditors aim to provide reasonable assurance that the consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an opinion in their report. Reasonable assurance is a high level of assurance but does not guarantee that all material misstatements will be detected. Misstatements can arise from fraud or error and are deemed material if they could influence users' economic decisions based on the financial statements. During the audit, professional judgment and skepticism are maintained, and risks of material misstatement are identified and assessed. Audit procedures are designed to respond to these risks, and sufficient audit evidence is obtained to support the auditor's opinion. The risk of not detecting fraud is higher than that of error due to the potential for collusion and forgery. The auditors evaluate the overall presentation and content of the financial statements, including disclosures, to ensure fair representation of transactions. They also assess the appropriateness of accounting policies and the reasonableness of estimates made by management. The auditors are responsible for directing and supervising the audit of financial information from entities within the Group. The auditors must conclude on the appropriateness of management's use of the going concern basis for preparing the financial statements and disclose any material uncertainties in their report. Communication with those charged with governance includes discussing the audit's scope, timing, and significant findings. The auditors provide a statement regarding compliance with ethical requirements and independence, and they identify key audit matters based on their communication with governance. The report includes legal and regulatory requirements, confirming compliance with applicable accounting standards. The auditors have obtained necessary information for the audit and found that proper books of account have been maintained. The financial statements are in agreement with these books. The management has confirmed that no directors are disqualified from being appointed as directors under relevant laws. The auditors have also assessed the adequacy of internal financial controls and found them to be effective. They conducted their audit in accordance with established standards and guidelines. Internal financial controls are designed to provide reasonable assurance regarding reliable financial reporting. However, inherent limitations exist in internal financial controls, which may lead to undetected material misstatements. The auditors believe they have sufficient evidence to support their opinion on the internal controls. The financial statements reflect the impact of pending litigations and confirm no material foreseeable losses on long-term contracts. The Group has not delayed transferring amounts to the Investor Education and Protection Fund. The remuneration paid to directors complies with legal provisions, and the auditors have reported on the internal financial controls effectively. TCS offers a range of services including application development, consulting, digital transformation, and cognitive business operations, which align with specific NIC classes. The company operates numerous delivery centers and offices both nationally and internationally. TCS serves a wide market, including Fortune 1000 companies and various government departments, with a significant portion of its turnover coming from exports."
+"The workforce includes a diverse group of employees, including those with disabilities, and the company emphasizes gender representation at various management levels. The turnover rate for permanent employees has seen fluctuations over the past few years. TCS has multiple subsidiaries and is committed to corporate social responsibility, adhering to relevant regulations. The company has mechanisms in place for addressing stakeholder grievances and has reported no significant complaints in recent years. TCS is dedicated to responsible business conduct and sustainability, with policies covering various principles of business responsibility. The organization invests in research and development to enhance environmental and social impacts, and it has established sustainable sourcing practices. Employee well-being is prioritized through comprehensive insurance and benefits programs. TCS ensures workplace accessibility for differently abled employees and has policies promoting equal opportunities. The company tracks compliance with labor laws and offers retirement benefits to its employees. TCS has a strong commitment to environmental sustainability, aiming for significant reductions in carbon emissions. The leadership is actively involved in overseeing business responsibility initiatives, and the company conducts regular training on ethical practices for its employees. Members have the option to make nominations for their shares as per Section 72 of the Act. Those who haven't registered their nominations should do so using Form No. SH-13. If a member wishes to cancel an existing nomination and create a new one, they can submit Form ISR-3 or SH-14. These forms are available on the company's website. Members holding shares in dematerialized form should send their nominations to their Depository Participant (DP), while those with physical shares should contact Link Intime. In the case of joint shareholders, the first holder listed in the Register of Members as of the cut-off date will have the right to vote at the AGM. The Securities and Exchange Board of India (SEBI) has introduced an Online Dispute Resolution Portal for addressing disputes in the Indian Securities Market. Investors can access this portal after attempting to resolve issues directly with the RTA or the company. Members seeking information regarding financial statements or AGM matters should contact the company via email by May 30, 2024. Unclaimed dividends not cashed within seven years will be transferred to the Investor Education and Protection Fund (IEPF), and shares with unclaimed dividends for seven consecutive years will also be transferred. Members should claim their dividends promptly to avoid this. Those whose dividends or shares have been transferred to IEPF can contact the company or RTA for an Entitlement Letter to reclaim them. Members attending the AGM via video conferencing will be counted for quorum purposes. The e-voting period will start on May 28, 2024, and end on May 30, 2024. Members can vote electronically on resolutions during this period or during the AGM. Those who have already voted remotely can still attend the AGM but cannot vote again on the same resolutions. The Board has appointed a Scrutinizer to oversee the e-voting process. Voting rights are proportional to the number of shares held as of the cut-off date. New members or those who have acquired shares after the notice can obtain their User ID and Password for e-voting by contacting NSDL. The e-voting process involves two main steps: accessing the NSDL e-voting system and casting votes electronically. Individual shareholders with dematerialized securities can log in through their demat accounts without needing to register again with the e-voting service provider. For shareholders holding securities in physical form or non-individual shareholders, specific login methods are provided. Helpdesk support is available for technical issues related to e-voting. Members are encouraged to keep their passwords confidential and not share them with others. The AGM will allow members to express their views or ask questions if they register as speakers in advance. The results of the voting will be announced promptly and made available on the company's website and the NSDL site. The business transformation at Versuni, supported by SAP as the digital core, focuses on implementing best practices from the consumer products sector and streamlining operations to enhance speed, agility, and data-driven decision-making. TCS played a crucial role in helping Versuni identify revenue growth opportunities and launch innovative products. The new processes are designed to aid Versuni in creating products that utilize sustainable materials and are easier to repair, refurbish, and recycle, thereby minimizing waste. Improvements were made to achieve better business results across all functions. By integrating supply chain planning with factory scheduling, warehouse productivity and shipment timeliness are expected to increase."
+"AI-driven insights in finance aim to enhance cash flow and improve efficiency in back-office operations. The revamped people processes are intended to enhance employee experience and create a more agile HR function. Collaborating with TCS allowed Versuni to establish a new digital foundation and operate independently. This tailored technology stack enables Versuni to respond more effectively to the rapidly evolving consumer products market and pursue its goal of fostering lasting consumer engagement. The partnership with TCS has been invaluable in Versuni's digital transformation journey, with TCS's leadership and expertise significantly contributing to achieving their objectives as a data-driven digital organization. TCS's commitment and understanding of Versuni's mission to become insights-led have made them an exceptional partner throughout the transformation process. Eversource Energy is committed to transitioning to a carbon-neutral operation by 2030 and is leveraging technology to attract environmentally conscious consumers and expand its clean energy initiatives. TCS collaborated with Eversource to develop a solution for integrating distributed solar power into its grid, facilitating the onboarding of solar customers and enabling them to access state incentives. The solution includes a customer application for tracking solar energy production and a pricing engine to encourage early enrollment. TCS's reusable framework allows for quick adaptation of state incentive programs, enabling Eversource to rapidly implement solutions across different states. This initiative has already benefited a significant number of customers and is projected to generate substantial solar power, aiding Eversource's carbon neutrality goals. TCS helps clients innovate and adapt by building a digital core that supports rapid, insights-driven decision-making. The TCS Agile Innovation Cloud framework enables clients to structure and scale their innovation processes effectively. Generative AI presents numerous business opportunities across various functions, including legal, HR, and customer service, by automating tasks and enhancing productivity. TCS believes that advancements in technology, including generative AI, will not lead to redundancy in the IT services industry but will instead drive growth by increasing productivity and expanding demand for services. Historical trends show that technological advancements have consistently led to increased IT spending rather than reductions. TCS has established itself as a leader in adopting new technologies and has invested in capabilities that allow it to guide clients in leveraging these technologies effectively. The company is actively exploring opportunities in emerging technologies such as quantum computing and 5G, positioning itself for future growth. TCS's partnership with BankservAfrica aims to revolutionize small value payments in South Africa, enhancing financial inclusion and driving economic growth through innovative digital payment solutions. Takenaka Corporation is collaborating with TCS to realize its vision of a sustainable society by embracing digital transformation in the construction industry, focusing on improving productivity and work-life balance through advanced technologies. TCS is supporting Takenaka in developing a digital platform that integrates various operational data to enhance decision-making and project management. TCS received the System Integrator Partner Innovation award from Qlik. TCS' Assisto, developed by TCS Rapid Labs, was recognized as the Social Impact Solution of the Year at the NASSCOM Engineering R&D Awards in 2021 for its innovative cognitive speech algorithms. For the fifth consecutive year, TCS was included in Points of Light's Civic 50 List, highlighting its commitment to social impact through community engagement programs. The TCS Bringing Life to Things™ IoT Lab won the CMO Corporate Social Responsibility Award at the CMO Vision and Innovation Awards in 2021. TCS employs a unique engagement model that combines its intellectual capabilities, technological expertise, and a large volunteer workforce to create long-term social impact globally. The company's vision focuses on empowering communities through technology while upholding fairness, equity, and human rights. TCS aims to connect individuals to opportunities in the digital economy, particularly targeting women, youth, and marginalized groups. As a signatory to the UN Global Compact since 2006, TCS aligns its community initiatives with the principles of human rights and labor rights. The company invests in addressing critical community needs, emphasizing education, skills development, employability, and digital entrepreneurship to bridge opportunity gaps. In the fiscal year 2022, TCS's community initiatives reached over 1.7 million beneficiaries, supported by nearly 59,000 employees who volunteered over 700,000 hours. TCS' Adult Literacy Program has transformed lives by promoting social inclusion and financial stability, particularly among women, and has reached over 1.08 million learners. The program has expanded to include new modules on financial and digital literacy, among others, in response to India's National Education Policy. The Ignite My Future program empowers educators to teach computational thinking, a crucial skill for future job markets."
+"TCS' goIT program prepares students for future careers through design workshops and mentorship, benefiting over 100,000 students globally. The Youth Employment Program connects rural youth in India to careers in the digital economy, enhancing their employability through skills training. TCS' BridgeIT program empowers marginalized youth to become entrepreneurs, providing them with the necessary skills and resources to succeed. TCS' Digital Empowers initiative explores the intersection of technology and social impact, fostering partnerships to address social issues. The company also supports health and wellness initiatives, including a smart water management solution for rural areas, ensuring access to clean drinking water. TCS provides pro-bono technology support to social organizations, leveraging its expertise to create impactful solutions. The TCS Social Innovation Lab assists participants in the Youth Employment Program with job readiness tools, while the company continues to support various community initiatives during the pandemic. Bharti Airtel Limited is a prominent global telecommunications company operating in 20 countries across Asia and Africa, ranking among the top three mobile service providers worldwide by subscriber count. The company is headquartered in New Delhi, India, and offers a wide range of services, including 2G, 3G, and 4G wireless services, mobile commerce, fixed line services, and broadband. By the end of March 2015, Bharti Airtel had over 324 million customers. The Board of Directors includes notable figures such as Sunil Bharti Mittal, the Chairman, and Gopal Vittal, the Managing Director and CEO for India and South Asia. The company is supported by various auditing firms for statutory, internal, and cost auditing. Bharti Airtel emphasizes its commitment to enriching lives in the digital era, recognizing the transformative impact of digital technology on various aspects of life, including trade, education, and healthcare. The company aims to adapt to the evolving digital landscape by enhancing its offerings and expanding its reach. The strategic framework focuses on winning customers for life by providing exceptional experiences, growing revenue, market share, and margins while fostering an inclusive culture. The company is well-positioned in key growth markets, with a significant customer base across India, Africa, and South Asia. Bharti Airtel has made substantial investments in spectrum acquisition and network expansion, which positions it for future growth in the data segment. The company has achieved leadership in both India and Africa, with a strong presence in multiple markets. Financially, Bharti Airtel has demonstrated growth in revenue, EBITDA, and net profit, reflecting its operational efficiencies and cost management strategies. The company has also contributed significantly to the exchequer in India through taxes and levies. The company has launched various innovative services, including Airtel Money, which aims to enhance financial inclusion, and Wynk Music, a music streaming service. Bharti Airtel is committed to corporate social responsibility, with initiatives focused on education and sanitation in rural areas. The Chairman's message highlights the ongoing transformation in the telecommunications industry, driven by data services and smartphone penetration. The Managing Director for India emphasizes the company's focus on customer experience and innovative data propositions, while the CEO for Africa notes the growth potential in the continent's communications sector. Airtel Payments Bank is the first company in India to obtain a payments bank license from the Reserve Bank of India, emphasizing its commitment to mobile banking and financial inclusion. The company has been recognized as the eighth most preferred employer in India, reflecting its efforts to attract top talent from leading engineering and management institutes. Bharti Airtel is dedicated to sustainability, as demonstrated by the release of its third sustainability report and initiatives to promote education for underprivileged children through the Bharti Foundation. The company aims to digitize the nation while facing challenges such as new competitors and data penetration issues, leveraging its strong network and customer base. Airtel has made significant investments in network transformation through its 'Project Leap,' which aims to enhance customer experience with improved voice and data services. The company deployed a record number of base stations in a single year, significantly expanding its mobile broadband coverage. Airtel plans to modernize its home broadband network to offer higher speeds and improve service quality. The company is also focused on reducing its carbon footprint by adopting renewable energy and energy-efficient technologies. Airtel has launched various innovative products, including family share plans and a redesigned Airtel Money app for seamless payments. The company has expanded its content offerings with Wynk Music, Wynk Movies, and Wynk Games, catering to the growing demand for digital entertainment."
+"Airtel's retail stores have become crucial in enhancing customer relationships, with a focus on training staff to improve service quality. The company has also made strides in its satellite and VoIP services, providing comprehensive solutions for global partners. Airtel is actively engaging with customers through forums and social media, enhancing its brand presence in Africa. The company has received recognition for its contributions to mobile financial services and has launched initiatives to support youth development and education. Airtel's network modernization efforts are aimed at improving connectivity and service quality across its markets. The company has divested tower assets to focus on its core business and reduce capital expenditures. The Company has voluntarily released an Integrated Report that includes both financial and non-financial information to help Members make informed decisions and understand the Company's long-term vision. The Report addresses the organization's strategy, governance framework, performance, and value creation prospects based on six forms of capital: financial, manufactured, intellectual, human, social and relationship, and natural capital. In accordance with SEBI Listing Regulations, the Corporate Governance Report, along with the Auditors' Certificate and the integrated Management Discussion and Analysis, is included in the Director's Report. The Company has provided a Business Responsibility and Sustainability Report (BRSR) instead of the Business Responsibility Report, as stated in its Environmental Sustainability Policy. The Company has not accepted any public deposits, and therefore, there are no outstanding amounts related to principal or interest on such deposits as of the balance sheet date. The Company is dedicated to energy conservation and climate action, as reaffirmed in its Environmental Sustainability Policy. Throughout the reporting year, initiatives were aligned with energy efficiency targets, including the upgrade of cooling systems and UPS efficiencies in offices. The corporate data centers achieved a Power Usage Effectiveness (PUE) of 1.65, and the Company is adopting advanced green data center practices. The Company has increased its rooftop solar photovoltaic installations, reaching a total capacity of 10.2 MWp, which contributes to a portion of its total electricity use. Renewable energy procurement has also risen, with a significant percentage of total electricity use coming from renewable sources. TCS Research emphasizes the Company's innovative capabilities and collaboration with the academic ecosystem. The Company continues to expand its foundational research in computing and its intersections with various sciences, focusing on areas such as AI, quantum computing, and generative design. TCS is committed to achieving its carbon reduction targets, aiming for a 70 percent reduction in its absolute Scope 1 and Scope 2 carbon footprint by 2025 and striving for net-zero emissions by 2030. Strategic initiatives related to software development and sustainability are being pursued. The Company has made its IP-based products and platforms available on major cloud platforms, enhancing its offerings in various sectors. TCS has also engaged in crowdsourcing initiatives to foster innovation across the organization. The Company has a strong focus on research and innovation, with numerous patents filed and granted. TCS has received recognition for its intellectual property portfolio and continues to contribute to standards bodies in relevant fields. TCS will maintain its strategy of scaling patents, products, and platforms, leveraging collective knowledge and creativity to deliver innovative solutions that support growth and sustainability goals. The Company’s research and innovation centers are located in India and other countries, with significant expenditures reported for R&D and innovation activities in the last two financial years. Export revenue remains a substantial portion of the Company's total revenue, reflecting its strong international presence. The Directors express gratitude to employees, customers, vendors, investors, and academic partners for their ongoing support, while also acknowledging the impact of the COVID-19 pandemic on lives and communities. The Company’s CSR initiatives focus on empowering communities through education, skilling, and health, with a commitment to addressing pressing societal needs. TCS has established a CSR committee to oversee its initiatives, and details of the committee's composition and CSR policy are available on the Company’s website. The Company has conducted internal impact assessments of its CSR projects, ensuring compliance with regulatory requirements and evaluating the effectiveness of its initiatives. TCS has reported its CSR spending for the financial year, including amounts allocated for ongoing and completed projects, and has outlined its commitment to transparency in its CSR activities. The Company has not failed to meet its CSR obligations and has provided details regarding unspent amounts and ongoing projects from previous financial years. In summary, TCS is committed to innovation, sustainability, and community empowerment, with a strong focus on research, development, and corporate social responsibility."
+"Talent Review is TCS' method for evaluating and discussing the leadership talent within the organization, allowing leaders to express their career goals and preferences. Cara serves as an AI-driven HR assistant that addresses employee inquiries regarding HR policies. Milo is a chatbot designed to enhance the mentoring process. Platforms like Knome, KnowMax, and GEMS facilitate social collaboration, learning, sharing, and recognition within the organization. The Safety First initiative emphasizes employee safety and security. Fit4life fosters a community of health-conscious employees and promotes a culture of fitness. TCS has established a strong employer brand and high retention rates due to its empowering culture, commitment to employee development, and progressive HR policies. Recent investments in talent development and initiatives like Contextual Masters have reinforced employees' perceptions of being valued and supported in acquiring new technology skills. In FY 2020, TCS reported an IT services attrition rate of 12.1%. The company has a comprehensive Occupational Health and Safety policy, with a focus on employee well-being and safety. Engagement initiatives have led to a consistent increase in employee satisfaction regarding health and safety. Over 96% of employees participate in joint health and safety committees that oversee and promote safety initiatives. TCS has significantly enhanced its Research and Innovation capabilities, with over 4,000 inventors and innovators contributing across the organization. The Chief Technology Officer manages investments in three innovation horizons: derivative innovations, platform innovations, and disruptive innovations. The TCS Digital Workplace Studio is a cognitive platform that supports digital workplace transformation. In FY 2020, TCS achieved certification for its Occupational Health and Safety Management System and implemented real-time indoor air quality monitoring in numerous facilities. The company prioritizes workplace safety through training and various employee engagement activities focused on safety themes. TCS' Co-Innovation ecosystem has expanded to include over 1,900 start-ups and numerous academic partnerships, fostering innovation across various sectors. The company is also committed to social good, developing solutions to enhance accessibility for individuals with disabilities. Customer engagement initiatives, such as the TCS Innovation Forum, have attracted significant participation and support for social entrepreneurs through the TCS Foundation. TCS has launched several products and platforms, including TCS BaNCS, TCS iON, and TCS TwinX, which have seen numerous wins and go-lives in FY 2020. The company emphasizes customer-centricity in its business model, aiming to build strong relationships and expand customer engagements. TCS has integrated sustainability into its supply chain management, promoting responsible sourcing and compliance among suppliers. TCS has established a robust enterprise risk management framework to address the complexities of its global operations. The company has implemented measures to mitigate risks associated with the pandemic, ensuring business continuity and employee support. Tata Consultancy Services Do Brasil Ltda is fully owned by TCS and has significant voting power and net assets in Brazil. TCS De Mexico S.A., De C.V. is also wholly owned and contributes notably to profits and comprehensive income. MGDC S.C. in Mexico is another fully owned subsidiary with a smaller share in profits. TCS Inversiones Chile Limitada and Tata Consultancy Services Chile S.A. are fully owned subsidiaries in Chile, both contributing to the overall financial performance. Technology Outsourcing S.A.C. in Peru and TATASOLUTION CENTER S.A. in Ecuador are also fully owned, with minor contributions to profits. The total net assets of the consolidated entities amount to a substantial figure, reflecting the overall financial health of TCS. The report discusses adjustments arising from consolidation, particularly focusing on non-controlling interests in Indian and foreign subsidiaries. Related party transactions are significant, with Tata Sons Private Limited being a principal related party, and various transactions occurring in the ordinary course of business. Revenue from related parties includes substantial amounts from subsidiaries and associates, while purchases of goods and services also reflect significant figures. The report highlights the importance of revenue recognition, particularly for fixed-price development contracts, which involves complex estimates and management judgments. The adoption of Ind AS 115 for revenue recognition is noted as a key area of focus, requiring careful evaluation of performance obligations and transaction pricing. The evaluation of uncertain tax positions is crucial, as the company operates in multiple jurisdictions and faces challenges from tax authorities. The management is responsible for preparing financial statements that accurately reflect the company's financial position and performance, ensuring compliance with accounting standards. The auditor's responsibilities include assessing the risk of material misstatement and evaluating the effectiveness of internal controls. The audit procedures involve testing IT controls and revenue recognition processes to ensure compliance with accounting standards."
+"The report concludes with the auditor's opinion on the adequacy of internal financial controls and the overall presentation of the financial statements. TCS established a 15-year partnership with Scottish Widows to deliver comprehensive policy administration services for 4 million heritage customers. The company was recognized in Fortune's annual list of the Top 50 Companies that Changed the World for its efforts in addressing societal challenges. TCS was also included in the Global Dow Jones Sustainability Index for the fifth consecutive year and in FTSE4Good's Emerging Index. Zions Bancorporation launched its Consumer Lending business using TCS BaNCS for Core Banking, which supports their digital transformation goals. TCS opened its first Drones Research Lab in the US to meet the growing demand for drone-based solutions across various industries. The company was acknowledged as one of the top job creators in the US IT Services sector, hiring over 12,500 employees from 2012 to 2016. TCS completed a significant share buyback, extinguishing a portion of its equity shares. The company was selected by Vattenfall, a major European utility, as a strategic partner for IT services across multiple countries. TCS reorganized its service practices and launched new units focused on digital transformation and cognitive business operations. A groundbreaking ceremony was held for a new TCS Hall at Carnegie Mellon University, supported by a substantial grant from TCS. The TCS brand has been built on trust and is recognized for customer satisfaction and community outreach efforts. The company expanded its brand presence in the APAC region through sponsorships of major sporting events. TCS's global brand campaign at the World Economic Forum highlighted the positive impact of digital technologies on societal inequities. The company was ranked as the fastest growing global IT Services Brand in 2018 and achieved a significant brand value milestone. TCS is guiding clients through Business 4.0 digital transformations, focusing on creating new business models and enhancing customer experiences. The company emphasizes leveraging abundant resources and capabilities to drive exponential growth and value creation. TCS's partnerships and investments in technology are aimed at enhancing customer experiences and supporting sustainable growth."