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(From India Business Insight)
Tata Group, once synonymous with steel and heavy engineering, has entered the information technology sector with Tata Consultancy Services (TCS) spearheading the IT Sector foray of the group. TCS, a 34-year old company, has revenues of Rs4,187 crores in 2001-2002 and represents nearly 12 percent of the Group's total revenue and almost 10 percent of the total revenues of the Indian IT industry. The company's overall IT sector revenues for 2001- 2002 reached Rs5,523 crores with Tata Infotech contributing Rs484 crores, Tata Elxsi Rs132 crores, CMC Division Rs555 crore, Tata Technologies Rs100 crore, Nelito Systems Rs25 crore and Tata …