TCS is world's 9th largest software company

MUMBAI, INDIA: Tata Consultancy Services (TCS) has been ranked the world’s ninth-largest software services         company in terms of revenues, and the fourth largest in terms of net income and market capitalization.

This was announced by TCS at its Annual General Meeting (AGM) here on Friday. 

Now the focus of TCS would be to “climb the value chain in a bid to differentiate its services from competition,'' said Tata group chairman Ratan Tata, who would step down from the chairmanship of the IT major in the next couple of years.

Ratan Tata also justified the high commissions being paid to the directors of TCS. TCS directors get commissions that amount to four times their salaries, which make them the highest- paid brass in the information technology (IT) sector.

"We have to pay those people who create wealth for others," Tata said in response to a question on this issue.