The Hindu Business Line : TCS to focus on life sciences, utility, energy sectors

EVEN as business from the growing banking, insurance and financial services sector would continue to contribute around 40 per cent of the revenue of Tata Consultancy Services Ltd (TCS), the IT major hopes its net augmentation of manpower in the current fiscal would be around 13,500.

The gross addition of manpower in the current fiscal has been pegged at 18,000. With allowance for attrition, the net addition to manpower in 2005-06, however, would be 13,500, according to Mr S. Ramadorai, CEO and Managing Director of TCS.

This does not, however, include personnel of overseas companies that have been, or are in the process of being, acquired by TCS, Mr Ramadorai told a press conference held here on Saturday.

According to him, the banking, insurance and financial services sector accounts for around 41 per cent of TCS' turnover. Manufacturing and telecommunications account for 18 per cent and 10 per cent of the company's revenues, respectively.

The retail sector contributes to around 5-6 per cent of the company's turnover and so does life sciences, energy and retail. The Government sector accounts for around 2 per cent of the company's turnover. "Banking, insurance and financial services will continue to be the biggest revenue driver for the company," he said.

Mr Ramadorai said new areas of business focus for the company included life sciences, utility and energy. In the e-Governance space, the company is focused on multiple initiatives, including front office and back office applications. In the e-Governance arena, the company is looking at opportunities both in India and abroad.

Mr Ramadorai was in Kolkata in connection with Sangam, the 7th annual academic conclave of TCS, which was attended by heads of over 50 leading Indian and international technical and management institutions. The annual conclave, which is an integral part of TCS' academic interface programme, addressed issues pertaining to global outsourcing needs and the evolving manpower requirements of the Indian IT industry.

The TCS CEO stressed upon the "paradigm shift" in talent generation for the global IT industry and said such regular interaction with academia helped in generating and developing the right kind of manpower resource base that would meet the evolving demands of the global IT industry.

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