TCS VISION
"TCS will be recognized and respected as professional, innovative, profitable information, and knowledge based logistics/services enterprise. TCS embeds internet based technologies into its internal operating structures and as business solutions for customers; with customer, employee and shareholder interests at the core of its operations; demonstrating a clear concern for ethical conduct and good corporate citizenship; with the objective of growing into a regional and global player, with emphasis on the Middle East, Europe and North America".
TCS Mission
To provide our customers a service of excellence at a world-class level based on honesty and dedicated work practices and the continued search for the increase of efficiency in the logistics of cargo transportation.
Codes of Conduct


Code of Conduct for Non-Executive Directors
Non-Executive Directors of a company will always act in the interest of the company and ensure that any other business or personal association which they may have, does not involve any conflict of interest with the operations of the company and his role therein.

Non-Executive directors will comply with all applicable laws and regulations of all the relevant regulatory and other authorities as may be applicable to such Directors in their individual capacities.

Non-Executive directors will safeguard the confidentiality of all information received by them by virtue of their position.

WorkplaceTCS managers will review the work environment and suggest improvements in line with this policy. The policy will also initiate energy conservation, waste recycling, and paper reduction, in priority areas. The measures and initiatives emerging as a result of this policy will be documented as processes. These processes will also ensure compliance with applicable health, safety, and environment regulations in all offices of TCS. A continual improvement plan will be initiated to achieve excellence in environment management.
CSR activities:
TCS has always recognized the responsibility Corporates should have towards the wider communities they operate in. Be it girl child education in South Asia in collaboration with UNICEF or adult literacy programs in South India, TCS believes in using IT as an instrument for social development and change. Other TCS' community initiatives have been in areas addressing environmental and civic problems; setting up and maintaining infrastructure for urban beautification, pollution reduction and healthcare; waste management in the office environment, tree plantation and water treatment.

Corporate Governance
Strong leadership and corporate governance are essential to providing value to our investors.
TCS receives Golden Peacock Global Award for corporate social responsibility
Tata Consultancy Services (TCS) has been selected winner of the 'Golden Peacock Global Award for Corporate Social Responsibility (Asia) - 2007' for corporate social responsibility (CSR) in the 'Large Business' category by the Institute of Directors, the international body of company directors.
TCS was conferred the award based on an assessment, by an independent jury, of the company's integration of CSR concerns with corporate functioning, responsiveness to the needs of different stakeholders, and development of innovative partnership models to fulfil social responsibilities.TCS Environmental Policy
TCS' commitment to environment stems from the Tata Group’s abiding concern for environment and society. TCS is into Information Technology (IT) consulting business and services, which by its nature of operation has low impact on the environment. TCS will strive to provide a healthy work environment to all its employees and conduct environment friendly business at all its offices. To achieve these goals, TCS has published this Environmental Policy. In line with its continuous improvement and experience certainty process initiative, TCS will continuously enhance its Environmental Policy, which encompasses air, water, natural resources, people and their interrelation.


· Respect Health, Safety, and Environment issues of employees, clients, vendors and local community.
· The Company will set, monitor, review objectives and targets related to environment management.
· TCS will assess and seek to minimize the impact of its business activities on environment by optimizing energy and power consumption and the use of consumables and hardware through recycling or reuse.
· Our Environmental Policy will be communicated to all our employees, business associates and made available to the public on request.

Corporate Sustainability

Both on its own and as part of the Tata organization, TCS actively implements programs and initiatives for the betterment of society, communities, and the environment, and has been since its inception in 1968.
TCS believes in giving back to all communities in which it operates, and in using IT as an instrument for social development and progress. We are deeply committed to education, the environment, and setting up and maintaining infrastructure for urban beautification, pollution reduction and healthcare; waste management in the office environment, tree plantation and water treatment.

DOWN SIZING
An IBM employee told The Hindu that about 1,500 employees have been shown the door in the past month. Pampered with fancy salaries and cushy working conditions, these employees find the developing situation deeply disturbing. Pay cuts, as in the Tata Consultancy Services now, are virtually unheard of. “Though the company has the right to deduct the ‘variable component,’ we are worried at an impending downsizing,” says Ravi K. of TCS. Twenty per cent of the variable pay of all TCS employees has been deducted.
IT employees find themselves worried about their future as companies are undergoing a retrenchment therapy. IT giants IBM and Tata Consultancy Services (TCS) have already asked many of their employees to leave. Though yet to be confirmed officially, 1,500 employees in IBM were asked to find other jobs, while TCS has already sent 500 employees off. Another major who made a drastic cut in employees is Yahoo, laying off 1000 employees.

Pay cuts, as in the TCS now, are virtually unheard of. "Though the company has the right to deduct the 'variable component,' we are worried at an impending downsizing," says Ravi K of TCS. Twenty percent of the variable pay of all TCS employees has been deducted.




Mergers and acquisitions

Tata company
Acquired company
Country
Stake acquired
Value
2000





February
Tata Tea and Tata Sons
Tetley Group
UK
100 per cent(wholly-owned)
GBP271 million
2001





November
Tata Sons (TCS)
Computer Maintenance Corporation (CMC)
India


2002





February
Tata Sons
Tata Communications(formerly VSNL)
India
100 per cent (wholly-owned)
GBP271 million

September
Indian Hotels
Regent Hotel (renamed Taj Lands End)
India
Effective 100 per cent stake
Rs450 crore

December
Tata Teleservices
Hughes Telecom (India)
India
50.83 per cent
Rs858.83 crore
2003





July
Tata Communications(formerly VSNL)
Gemplex
US


2004





January
TCS
Airline Financial Support Services India (AFS)
India
100 per cent (wholly-owned)
GBP271 million

March
Tata Motors
Daewoo Commercial Vehicle Company
Korea
100 per cent (wholly-owned)
KRW120 billion ($102 million / Rs465 crore)

March
Tata Communications(formerly VSNL)
Dishnet DSL's ISP division
India



March
TCS
Aviation Software Development Consultancy India (ASDC)
India



June
Tata Chemicals
Hind Lever Chemicals
India
Amalgamation


July
TCS
Phoenix Global Solutions
India



November
Tata Communications(formerly VSNL)
Tyco Global Network
US


2005





February
Tata Steel
NatSteel Asia Pte
Singapore
100 per cent (wholly-owned)
S$468.10 million

February
Tata Motors
Hispano Carrocera
Spain
21 per cent
Euro12 million (Rs70 crore)

March
Tata Chemicals
Indo Maroc Phosphore S.A. (IMACID)
Morocco
Equal partner
$38 million (Rs166 crore)

April
Tata Motors
Tata Finance
India
Merger


July
Indian Hotels
The Pierre
US
$9 million
Lease of the property

July
Tata Industries
Indigene Pharmaceuticals Inc
US
<30 per cent
Not disclosed

July
Tata Communications(formerly VSNL)
Teleglobe International
US



August
Tata Tech
INCAT International
UK



August
Trent
Landmark
India
76 per cent
$24.09 million (Rs103.60 crore)

September
TACO
Wündsch Weidinger
Germany

Euro7 million

September
Tata Communications(formerly VSNL)
Tata Power Broadband
India



October
Tata Tea through Tata Tea (GB)
Good Earth Corporation & FMali Herb Inc
US
100 per cent (wholly-owned)
$31 million

October
TCS
Financial Network Services
Australia



October
TCS
Pearl Group
UK
Structured deal


November
TCS
Comicrom
Chile



December
Indian Hotels
Starwood Group (W Hotel)
Sydney
100 per cent (wholly-owned)
$29 million

December
Tata Chemicals
Brunner Mond
UK
63.5 per cent (December 2005)
Rs508 crore (December 2005)





36.5 per cent (March 2006)
Rs290 crore (March 2006)
2006





January
Tata Metaliks
Usha Ispat, Redi Unit
India
100 per cent (wholly-owned)
Rs115 crore

January
Tata Interactive
Tertia Edusoft Gmbh
Germany
90 per cent
Not disclosed



Tertia Edusoft AG
Switzerland
90.38 per cent


February
TCS
Tata Infotech
India



April
Tata Steel
Millenium Steel
Thailand
67.11 per cent
$167 million (Baht6.5 billion)

May
Tata Tea through Tata Tea (GB)
JEMCA
Czech Republic
Assets: intangible and tangible
GBP11.60 million

June
Tata Coffee
Eight O' Clock Coffee Company
US
100 per cent (wholly-owned)
$220 million (Rs1015 crore)

September
Tata Tea through Tata Tea (GB)
Joekels Tea Packers
South Africa
33.3 per cent
GBP0.91 million
2007





January
Tata Steel
Corus
UK
100 per cent


March
Tata Steel
Rawmet Industries
India

Rs101 crore

April
Indian Hotels
Campton Place Hotel
US

$58 million

April
Tata Power
Acquired Coastal Gujarat Power
India



April
Tata Tea through Tetley Group
Vitax and Flosana trademarks
Poland



April
Tata Communications (formerly VSNL) through Neotel
Transtel Telecoms (TT)
South Africa

$33 million(approximately)

June
Tata Power
PT Kaltim Prima Coal and PT Arutmin Indonesia
Indonesia
30 per cent equity stake


October
TRF
York Transport Equipment (Asia)
Singapore
51 per cent stake

2008





January
Tata Chemicals
General Chemical Industrial Products
US
100 per cent stake


January
Tata Projects
Artson Engineering
India



March
Tata Motors
Jaguar and Land Rover brands
UK

$2.3 billion (approximately)

March
Telco Construction Equipment Company (Telcon)
Serviplem SA
Spain
79 per cent


March
Telco Construction Equipment Company (Telcon)
Comoplesa Lebrero SA
Spain
60 per cent


June
Tata Communications
China Enterprise Communications Limited (CEC)
China
50 per cent equity interest







ENVIRONMENT
The Tata ethos places a special emphasis on environmental and ecological issues. The Group's efforts to preserve and regenerate the environment find expression in the slew of projects and programmes it has undertaken in and around its facilities and operations. A focus area for the Group, in this context, is the climate change crisis.



Overview: The Tata Group's beliefs on sustainability have led to a corporate policy that emphasises environment preservation. Tata companies work on projects that include repairing green cover, reducing effluents and emissions, maintaining local ecologies and improving long term corporate sustainability.


Policies: The Tata Group has a set of explicit guidelines on environmental and ecological issues, and a broad range of policies aimed at helping Tata companies protect, conserve and restore our natural resources.


Climate change: The Tata Group is facing up to the challenge of climate change and making it integral to its processes. Coordinating and directing the climate change efforts of the Group's companies are some of the senior-most Tata leaders.