RSSTCS Growth Plan – 4 Billion in 2007…10Billion in 2010
"We have a target to achieve $4 billion in revenue by the end of this fiscal growing at 30 per cent and for the last five years we have been growing at a compounded annual growth rate of over 30 per cent," S Ramadorai, Managing Director and CEO TCS said. TCS, is aiming to end the current fiscal with $4 billion in revenue, which will require a growth rate of 30 per cent over the next two Quarters.
On the Vision 2010 target of $10 billion revenue, the company hopes to be able to touch it. "2010 is sometime away. We have had a CAGR of over 30 per cent. We can achieve it," he said.
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A note of reality needed here..I used to work in Tata Consultancy Services earlier. Frankly, I was shocked to see the level of staff exploitation as well as lack of ethics in their client work culture, contrary to the general impression created by them to the Industry abroad. I remember that they completely copied a major Benchmarking study from one client to another without any sincere effort altogether. It is sad to see the American Industry running after and incredibly enriching these kind of firms, who fundamentally grew from highly unethical and exploitation driven business models. Also, it may surprise many of us that none of the good and qualified professionals stayed long in TCS over the past years. All the good genuine professionals were harassed and abused by the highly predominant low quality and less educated old timer staff in TCS, and left the firm after demotivation on this environment. Result it that all the low quality and less educated people have stuck to TCS past 10-20 years and occupying most of senior positions nowadays, while all the good people left due to demotivation and harassment etc.. LET THIS BE A CHALLENGE TO TCS, IF THEY CAN REFUTE THIS FACT.. There are hundreds and maybe thousands of ex TCS employees who can vouch for this sad fact..
Above fact is very true.
Things are awry, unnecessary working hours, boss-system(even though managers are called by name just for namesake) still prevails in TCS.