Mumbai/ Paris, February 11, 2012: India’s biggest IT services and consulting organization, Tata Consultancy Services (TCS), has been honoured by the the Greater Paris Investment Agency (GPIA) with the conferrment of the “Prix spécial de l'innovation de Paris-Ile de France Capitale Economique 2011” (Special Innovation prize 2011 of Paris, the economic capital of the Ile-De France region).
Valérie Pécresse, France’s Minister for Budget, Public Accounts and State Reform, presented the award at a ceremony on February 9, along with Daniel Canepa, Prefect of the Ile-de-France region and in the presence of Indian Ambassador to France, Rakesh Sood.
Said Chiara Corazza, Managing Director of the Greater Paris Investment Agency: “Tata Consultancy Services and Tata Communications are prime examples of global businesses that have embraced the growth opportunities offered by Greater Paris. The region has a total GDP of Euro 585 billion and a highly diversified economy with strongholds in aeronautics, automobile and IT industries, so we’re confident that TCS will continue to reap the benefits of investing in the region, and that many more global businesses will follow their lead.”
TCS has been operating in France since 1992, with over 1,000 consultants currently working for 35 French customers, including several leading CAC 40 businesses. In 2006 TCS made a major investment in France and Switzerland by acquiring a local IT company TKS Teknosoft for over 70 m Euros. Over the last 5 years, TCS has significantly strengthened its local presence in France by hiring local nationals to augment its front office functions - sales, operations and client management teams in the country.
Earlier this week, TCS announced a the signing of a multi-year, multi-million euro contract with Europcar, the car rental leader in Europe. After a rigorous evaluation process, Europcar Information Services (EIS) ), the company’s IT subsidiary, selected TCS to manage strategic IT Services development for its French operations. This announcement marks further expansion into Europe for TCS’ Travel, Transport & Hospitality (TTH) team. Comprising 4000+ consultants, the team works with 50+ customers worldwide including some of the global top 10 industry leaders in airlines, hospitality, car rentals, shipping and logistics.
Says Surya Kant, President of North America, UK & Europe at Tata Consultancy Services:”Expanding our operations in France is a central element of our global growth strategy. The Greater Paris region has served as an excellent base of operations for us towards this purpose. We are pleased with this recognition of our innovative technology services that are making French businesses even more competitive. We are continuing to invest in our local operations in France and across Europe, to be nearer to our clients and serve them better.”