TCS Looks to Latin America for Larger Market Share

Indian company Tata Consultancy Services (TCS) appears to be counting on the growing demand for digital transformation services in Latin American countries to sustain its accelerated revenue growth over the past few years.

In its annual report, the Mumbai, India-based company said it foresees more and more entrepreneurs in Latin America, India, and South Africa, investing in digital transformation.

TCS’ revenue has grown at a record pace in recent months, with the company’s stock market value surpassing US$100 billion last year.

The company has operations in eight Latin American countries and employs more than 6,000 people in the region, and has partnered with numerous universities to bring thousands of graduates into the digital space through training and recruitment. In Latin America, the company is hoping to train 190,000 people.

Last year, TCS started building a delivery center in Brazil, in addition to expanding operations in Colombia.

Brazil and Mexico are the company’s biggest markets in the region, and TCS runs a large software development center in Tambore, an upscale neighborhood in greater São Paulo.

In a conversation with Techgig in January of this year, the company’s human resources director Ajoyendra Mukherjee said TCS is hiring a lot of people in the region.

“We have been hiring in Latin America because we need Spanish and Portuguese language capabilities,” he said.

According to the company’s first-quarter results, its digital revenue grew nearly 53% year-on-year, and which makes up 30% of its overall revenue.