Tata Consultancy Services (TCS) has implemented a revised associate deployment strategy that requires a minimum of 225 business days of billing yearly in an effort to tighten resource utilisation and decrease idle time.
This restricts bench time to 35 days annually, forcing workers to actively look for projects or face potential career consequences.
According to a media channel, the new regulations, which go into effect on June 12, are a part of TCS’s internal initiative to increase efficiency as the IT services sector struggles with slow development as a result of uncertain macroeconomic conditions.
The Global Head of the Resource Management Group (RMG), Chandrasekaran Ramkumar, sent out an internal communication announcing the modification.
Employees will Face Severe Consequences for not Following Modifications
According to the guideline, associates must be assigned for at least 225 working days annually.
According to the statement, associates who are left unallocated after the limit may experience negative effects on their pay, promotions, abroad postings, and even their ability to continue working.
The TCS communication states that it is the associate’s primary commitment to be proactive, connect with regional RMG, and pursue appropriate prospects, putting the onus allegedly entirely on the employees.
To stay deployment-ready, associates without active project allocations need to complete all training courses, use tools like the Gen AI interview coach, and spend four to six hours a day on learning platforms like iEvolve, VLS, and Fresco Play.
Freshers to be on Their Toes
The business has made it clear that on their first day, new hires should be given projects to work on. Newcomers have been advised to contact RMG immediately for assistance if it doesn’t.
According to a story published by a media outlet, the corporation has expressed concern over its employees’ frequent switching between short-term contracts. In the message, they mentioned that if this occurs regularly, HR may take action to look into the issue, which might have dire repercussions.
According to the new policy, working from the office is the norm when it comes to working arrangements. Flexibility or remote work will only be permitted in certain circumstances, such as a personal emergency, and will require prior RMG approval.
TCS has emphasised that failure to abide by this policy may lead to severe consequences, including termination. Additionally, TCS has issued a warning against making frequent short-term allocations across multiple projects. According to the rules, these kinds of trends could result in disciplinary action and HR investigations.
By September or October of this year, Ashwini Vaishnaw, the minister of information technology, anticipates that the first “made-in-India” chip will be released from a commercial factory. The minister made the remarks during a media appearance in Bengaluru on February 15, according to various media reports. Notably, Tata Electronics is constructing a semiconductor facility in Dholera, Gujarat, in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC).
Nearly 60% of the building has already been finished at Micron’s semiconductor assembly and testing facility in Sanand, the state. According to Vaishnaw, the Indian Institute of Science (IISc), Bengaluru, has received grants of INR 334 Cr from the Centre “for new research and development (R&D) in gallium nitride, a technology in semiconductors, which is used in telecom and power.” Students at 234 institutions are receiving the “latest” semiconductor design tools, he added. Without going into detail, the minister also stated that the union government intends to launch a production-linked incentive (PLI) program for “components” shortly.
India’s Manufacturing Sector Attracting Investors
The nation has seen investments in the electronics manufacturing sector totalling INR 13,162 Cr in the “recent past,” according to the IT minister, and many more are on the horizon. In response to a query from the media, Vaishnaw stated that the IT ministry is collaborating with industry participants to finish the initial version of the India Semiconductor Mission (ISM 1.0). The Centre intends to finish modernising the semiconductor lab in Mohali under the first edition.
Upon this, he stated that the ministry will start the process of sanctioning ISM 2.0 and that funding for the second iteration of the mission would be determined upon Cabinet approval. This occurs when the union government is making every effort to turn India into a semiconductor hub by providing incentives and sops to international companies looking to establish operations there.
Semicom India Programme
To encourage silicon semiconductor fabs, display fabs, compound semiconductors, and other industries, the Centre started the Semicon India program in 2021 with an investment of INR 76,000 Cr. Establishing greenfield semiconductor and display factories, enhancing R&D and design skills, and being able to compete with other Asian bases to lessen India’s reliance on imports are some of the program’s main goals. The objective of the program is to entice major international chip manufacturers to establish India as their production base.
India aspires to become a technology leader in these strategically important fields, which are also essential for safeguarding the nation’s vital information infrastructure. The objectives also support the government’s Atmanirbhar Bharat vision. ISM was also launched in 2022 as part of the Semicon India program. Investors are also following suit; domestic semiconductor firms raised $28 million in 2024 from just $5 million in 2023. The domestic semiconductor market is at the centre of all of this, and according to various published reports, it is expected to expand into a $150 billion potential by 2030.
Tata Consultancy Services (TCS), founded in 1968, stands as a testament to India’s emergence as a global IT powerhouse. As one of the oldest and largest IT firms in India, TCS has built a legacy rooted in innovation, resilience, and a deep commitment to shaping the future of technology.
What started as a modest IT services subsidiary within the Tata Group has evolved into a global leader, known for its wide-reaching influence across industries and geographies.
Over 5 decades, TCS has achieved numerous milestones, including being the first Indian IT company to cross the billion-dollar revenue mark and becoming a pioneer in exporting software services, establishing India as a premier global IT destination.
In this StartupTalky article, we will learn more about TCS’s startup story, founders, business model, revenue model, competitors, funding, investments, acquisition strategy, how these deals have shaped its growth, and what this means for the future of the IT giant.
Tata Consultancy Services (TCS) is more than an IT services firm—it’s a trusted partner for some of the world’s top organizations, helping them transform and thrive in an increasingly digital world. A technology powerhouse that has been shaping the future of global business for over half a century, with a consulting-first approach and advanced cognitive tools, TCS delivers a suite of business, technology, and engineering solutions, powered by its acclaimed Location Independent Agile™ model, setting a high standard in software development.
Tata Consultancy Services (TCS), a core member of India’s largest multinational group, the Tata Group, has established a vast global presence across 55 countries, with a talented team of over 601,000 professionals. In the fiscal year ending March 31, 2024, TCS reported impressive consolidated revenues of $29 billion and maintains a prominent position on both the BSE and NSE in India.
TCS is not just about business growth; it’s about creating meaningful change. From a proactive approach to tackling climate issues to impactful community initiatives, TCS has earned a respected spot on top sustainability indices like the MSCI Global Sustainability Index and the FTSE4Good Emerging Index, underscoring its commitment to responsible and sustainable growth.
India has become a powerhouse in the global IT outsourcing arena, supported by its expanding market and vast pool of skilled professionals.
Market Revenue
India’s IT outsourcing sector is set to generate $11.04 billion in revenue in 2024. With a projected compound annual growth rate (CAGR) of 13.52% through 2029, the market size could reach $20.81 billion by the end of that period.
IT Spending
IT spending in India is on the rise, with forecasts showing an 11.1% increase in 2024, pushing total spending to $138.6 billion.
Skilled Talent Pool
India is home to 5.4 million IT professionals and as demand for digital skills grows, Amazon Web Services anticipates a nine-fold increase in digitally skilled workers by 2025.
Outsourcing Preference
India is a top choice for IT outsourcing, with 59% of American companies and nearly 60% of leading global enterprises outsourcing their IT projects to Indian firms.
Global Position
Though India is a leader in IT outsourcing, the U.S. remains the top revenue-generating market worldwide, with projected IT outsourcing revenues of $197.3 billion in 2024.
Tata Consultancy Services – Founders and Team
K. Krithivasan
K. Krithivasan- CEO and MD, TCS
K. Krithivasan is the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS).
In his prior role, Krithi was the Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at TCS. He played a pivotal role in strengthening customer relationships, increasing mindshare, and enhancing the company’s market positioning across various geographies. With over three decades at TCS, Krithi has been instrumental in guiding customers through their growth, transformation journeys, and technology strategies.
Krithi holds a bachelor’s degree in Mechanical Engineering from the University of Madras and a master’s degree in Industrial and Management Engineering from IIT Kanpur. Outside of his professional endeavors, he is an avid reader and a fitness enthusiast.
Natarajan Chandrasekaran
Natarajan Chandrasekaran – Chairman, Tata Sons and Tata Group
Natarajan Chandrasekaran is the Chairman of Tata Sons and Tata Group.
Natarajan Chandrasekaran, often called “Chandra,” has risen from humble beginnings to become a prominent figure in the Indian IT industry. Born into a farming family in the village of Mohanur near Namakkal, Tamil Nadu, Chandra’s early education took place at a Tamil government school. Alongside his two brothers, he would walk three kilometers daily to school. This modest lifestyle continued into college, where Chandra and his brothers shared a small apartment in Chennai and commuted on a scooter.
Chandra pursued a Bachelor’s in Applied Sciences from Coimbatore Institute of Technology, followed by a Master’s in Computer Applications from the Regional Engineering College in Tiruchirappalli (now NIT Trichy), graduating in 1986. During his final year, he took on an assignment with Tata Consultancy Services (TCS), which marked the beginning of his journey with the company. Joining TCS formally in 1987, he steadily advanced to become COO and executive director, eventually taking the helm as CEO on October 6, 2009. He later became the Chairman of Tata Sons, joining the board of directors in 2016, and also served on the Reserve Bank of India’s board that same year.
Chandra’s dedication extends beyond work. An avid marathon runner, he completed the TCS New York City Marathon in 2014 with a personal best of 5 hours, and 52 seconds. His spiritual side shines through his participation in multiple Char Dham Yatras and his knowledge of Vedic hymns, which he learned from a scholar.
In recognition of his contributions, Chandra has received honorary doctorates from institutions such as Jawaharlal Nehru Technological University, Hyderabad, in 2014, SRM University in 2010, and KIIT University in 2012. His family, especially his father S. Natarajan, who returned to farming in Mohanur, remains proud of Chandra’s achievements.
J. R. D. Tata
J.R.D. Tata – Founder, TCS
J.R.D. Tata is the Founder of the company.
J.R.D. Tata succeeded his second cousin Nowroji Saklatwala as Chairman of Tata Sons, ushering in a new era for the Tata Group. Over the decades, he expanded the group’s reach into sectors like steel, engineering, power, chemicals, and hospitality, all while upholding a reputation for ethical business practices. Known for his firm stance against bribery and black-market dealings, J.R.D. built a legacy of integrity that became a hallmark of the Tata brand.
Under his visionary leadership, Tata Group’s assets grew impressively from $100 million to over $5 billion. Starting with 14 companies, J.R.D. expanded the Tata Group into a conglomerate of 95 enterprises by the time he stepped down on July 26, 1988, with each company either founded or acquired under his guidance. His leadership transformed Tata Sons into a diverse and influential powerhouse, leaving an indelible mark on Indian industry.
Tata Consultancy Services Limited, initially named Tata Computer Systems, was founded in 1968 by Tata Sons Limited.
The company was the brainchild of J.R.D. Tata, the visionary chairman of Tata Group, and F.C. Kohli, an electrical engineer from MIT who is often hailed as the ‘Father of the Indian Software Industry.’ The founding of TCS was driven by the increasing demand for skilled IT professionals and the need for innovative IT solutions for businesses worldwide.
With his foresight and determination, F.C. Kohli recognized the IT sector’s immense potential in India. His leadership was pivotal in shaping TCS into a global IT giant, playing a crucial role in transforming India into a hub for information technology and contributing significantly to the country’s economic growth.
Early on, TCS provided punched card services to Tata Steel (then TISCO), developed a reconciliation system for the Central Bank of India, and offered bureau services to the Unit Trust of India. By 1975, TCS had created SECOM, an electronic depository and trading system for Switzerland’s SIS SegaInterSettle, as well as System X for Canada’s Depository System, and automated the Johannesburg Stock Exchange. TCS later partnered with and acquired the Swiss company TKS Teknosoft.
In 1980, TCS launched India’s first dedicated software R&D center, the Tata Research Development and Design Centre (TRDDC) in Pune, and in 1981, set up India’s first client-specific offshore development center for Tandem.
Tata Consultancy Services – Mission and Vision
Mission: Tata Consultancy Services (TCS) is dedicated to empowering global businesses in their digital transformation journeys by offering a consulting-led, cognitive-driven suite of IT, business, and engineering services. Through its unique Location Independent Agile™ delivery model, TCS aims to provide agile, high-quality solutions that drive operational excellence and innovation, helping clients achieve their strategic objectives in a fast-evolving technological landscape.
Vision: TCS envisions a world where businesses are equipped to achieve sustainable growth and resilience through advanced digital solutions. By leading with a commitment to social responsibility and sustainability, TCS strives to make a lasting impact, both in the communities it serves and on a global scale, while continuing to set new benchmarks for excellence in technology and consulting.
Tata Consultancy Services – Name, Tagline and Logo
TCS Logo
In 2021, Tata Consultancy Services (TCS) embraced a millennial-focused rebranding, shifting its tagline from “Experience Certainty” to the more aspirational “Building on Belief.” This new tagline reflects TCS’s commitment to partnering with clients in their growth journeys, emphasizing the shared confidence and belief in innovative solutions that drive transformation and success.
TCS old Vibrant Logo
In May 2018, to celebrate its 50th anniversary, TCS introduced a vibrant, colorful wordmark, which initially served as a commemorative emblem until April 2019. Then, in October 2020, this colorful design was formally adopted as the company’s official logo, now frequently displayed alongside the classic Tata Consultancy Services wordmark. This logo update reflects TCS’s dynamic approach and reinforces its brand identity as an innovative, forward-thinking organization.
Tata Consultancy Services – Business Model
Tata Consultancy Services (TCS) is a global IT services and consulting firm renowned for its consultative approach to crafting tailored business solutions. By expanding a consulting-led portfolio, TCS aligns its services with clients’ strategic goals to deliver holistic solutions that drive growth.
TCS’s Global Network Delivery Model is a recognized benchmark in software development. Its Location Independent Agile approach enables seamless, high-quality delivery across geographies.
TCS also champions ecosystem-enabled business models, blending its technological expertise with partner networks to deliver impactful solutions.
Emphasizing the Three Ps—patents, products, and platforms—TCS aims to reshape its business model, fostering innovation and creating a competitive edge in the digital era.
Tata Consultancy Services – Revenue Model
TCS generates the majority of its revenue—around 90%—from providing IT solutions and services, primarily through its consulting and technology offerings.
Key Clientele Overview: TCS boasts a strong client base, including 24 clients in the $100 million revenue bracket. The largest share of clients falls within the $1 million category, with key sectors spanning banking and finance, retail, and telecommunications.
Geographical Market Distribution: The company’s primary market lies in the United States, which constitutes the largest portion of its clientele. The UK and Europe follow closely as significant markets, while India, despite being the company’s base, accounts for a smaller percentage of its service demand.
Earnings Allocation: A large portion of TCS’s earnings is allocated to employee salaries, as its workforce is considered its most valuable asset. Significant funds are also dedicated to sales and marketing efforts, aimed at expanding its client base and promoting its services globally.
Global Growth Strategy: TCS’s global business model allows it to maintain a strong response to external economic factors, particularly those in Western markets. The company’s strategy supports an impressive annual growth rate of 40%.
Strategic Partnerships and Alliances: TCS actively seeks strategic partnerships with global technology leaders such as Hewlett-Packard (HP), Intel, and IBM. These alliances foster a collaborative approach to joint research, development, and mutual business growth.
Tata Consultancy Services (TCS), India’s largest IT services company, is currently navigating a series of challenges all while striving to maintain its competitive edge in an increasingly digital world.
1. Skills Gap Hindering Recruitment: India’s largest IT services company, Tata Consultancy Services (TCS), is currently facing a significant challenge in filling a large number of vacant positions due to a widening skills gap. During a recent town hall, Amar Shetye, the global operations head of TCS’ Resource Management Group (RMG), highlighted the struggle to fill thousands of open roles despite the company’s ongoing efforts.
2. Slow Digital Transformation in Banking and Insurance: In contrast, industries like banking and insurance have been slow to embrace digital transformation compared to customer-facing sectors. Jamie Patel from American Century Investments noted the growing expectation for seamless digital interactions, with customers now accustomed to swift online shopping and instant gratification. However, in sectors such as banking, customers still experience delays, with many online transactions requiring in-branch visits or extended processing times. Experts agree that the sector must accelerate its technological advancements to remain competitive.
3. Slowing Growth Amid Global Challenges: Meanwhile, TCS, grappling with a slowdown in growth as clients reduce spending amid high interest rates and geopolitical tensions, has responded with a strategic move to repurchase shares. The TCS board recently approved a share buyback worth INR 17,000 crore, buying back shares at a 15% premium to the closing price, marking the fifth such repurchase in the past six years.
Tata Consultancy Services – Investments
TCS has strategically invested in talent, technology, and acquisitions, bolstering its position as a global leader in IT services and innovation.
Date
Organization Name
Funding Round
Money Raised
Jan 24, 2022
ZobHunger
Series A – ZobHunger
–
Dec 18, 2015
KOOH Sports
Series D – KOOH Sports
–
Dec 15, 1999
Niku
Venture Round – Niku
–
Tata Consultancy Services – Mergers and Acquisitions
Tata Consultancy Services (TCS) has made 18 notable acquisitions, as follows:
Acquiree Name
Announced Date
Price
Transaction Name
Pramerica
Nov 12, 2020
–
Pramerica acquired by Tata Consultancy Services
Postbank Systems
Nov 9, 2020
–
Postbank Systems acquired by Tata Consultancy Services
The BridgePoint Group
Nov 28, 2018
–
The BridgePoint Group acquired by Tata Consultancy Services
W12 Studios
Nov 1, 2018
–
W12 Studios acquired by Tata Consultancy Services
Alti SA
Jul 24, 2013
€75 million
Alti SA acquired by Tata Consultancy Services
Computational Research Laboratories Ltd
Aug 16, 2012
$34 million
Computational Research Laboratories Ltd acquired by Tata Consultancy Services
Supervalu India Services Pvt Ltd
Sept 16, 2017
$100M
Supervalu India Services Pvt Ltd acquired by Tata Consultancy Services
Citigroup Global Services
Oct 8, 2008
$505 million
Citigroup Global Services acquired by Tata Consultancy Services
Australian consulting company – TCS
Nov 8, 2006
$13 million
Australian consulting company – TCS acquired by Tata Consultancy Services
Tks-Teknosoft Sa
Nov 3, 2006
$80.4 million
Tks-Teknosoft Sa acquired by Tata Consultancy Services
Comicrom
November 2005
$23 million
–
Pearl Group
October 2005
$94.7 million
–
Financial Network Services (FNS)
October 2005
$26 million
–
Swedish Indian IT Resources AB (SITAR)
May 2005
$4.8 million
Airline Financial Support Services India (AFSI)
January 2004
$5.1 million
–
Aviation Software Development Consultancy India (ASDC)
March 2004
$3.1 million
–
Phoenix Global Solutions
May 2004
$130 million
–
CMC Limited
Oct, 2001
$33.9 million
–
Tata Consultancy Services – Growth
Revenue of Tata Consultancy Services Limited Worldwide from 2013/14 to 2023/24
Tata Consultancy Services (TCS) has demonstrated consistent growth in recent years, although it faced some challenges in FY24. Here’s a summary of its financial performance and growth trajectory:
Revenue Growth:
TCS’s revenue for FY24 grew by 4.1%, reaching $29.08 billion.
This growth was considered one of the best among large-cap IT firms, though it marked one of the lowest annual growth rates for TCS in recent history.
For the 2023 fiscal year, TCS’s revenue reached INR 2.388 trillion, up from INR 2.168 trillion in 2022.
Quarterly revenue for Q4 FY24 was reported at $7.36 billion, showing a sequential increase of 1.1%.
Profit Growth:
Net profit for FY24 stood at $5.62 billion, marking a 7.7% increase from FY23’s $5.22 billion.
TCS also reported a 6.4% increase in net profit for Q4 FY24, reaching $1.5 billion.
Regional Performance:
North America, the largest revenue contributor (around 50% of TCS’s revenue), saw a 2.3% decline in revenue year-on-year for Q4.
UK revenue increased by 10.1% year-on-year and India saw a 20.2% growth in revenue, which helped offset declines in other regions.
Sector Performance:
BFSI (Banking, Financial Services, and Insurance), which accounts for 32% of TCS’s revenue, saw a 1% decline in revenue.
On the other hand, Manufacturing Life Sciences & Healthcare were standout performers, growing by 7.3% and 4.8%, respectively.
Digital and Key Contracts:
Growth in FY24 was driven in part by a $1.83 billion digital transformation contract with Bharat Sanchar Nigam Ltd (BSNL).
Brand Value and Global Standing:
TCS’s brand value has grown significantly over the past decade, with an impressive 476% growth from 2010 to 2020, according to Brand Finance.
Its year-on-year brand value increased from $12.8 billion to $13.5 billion, making it the fastest-growing among the top three IT services brands for the second consecutive year.
Despite slower revenue growth in some segments, TCS’s strong brand and digital transformation leadership position continues to drive growth. The company remains resilient with strong revenue performance in regions like the UK and India and a growing digital portfolio.
Tata Consultancy Services – Advertisements and Social Media Campaigns
The Official Virgin Money London Marathon App powered by Tata Consultancy Services
Tata Consultancy Services received three Gold Awards for the ThisRun and Virgin Money London Marathon Event App and two Bronze Awards for Excellence across Marketing and Customer Engagement. ThisRun received the gold award in both the People’s Choice Marketing Campaign and Technology Marketing Campaign categories, as well as a Bronze in the Grand Prix marketing campaign category. This run is part of TCS’s drive to deliver innovative solutions that promote better health and inclusion. Launched in 2020, it is a worldwide campaign that brings runners together for better health and empowers them with technological innovation. Through inspirational stories, tools, and tips, #ThisRun imaginatively captures the power of sport to unite people, help them grow, and push boundaries to challenge the status quo.
TCS developed the Virgin Money London Marathon Event App to allow participants and spectators to get the fullest London Marathon experience. In 2020, TCS updated the app to support participants in the first virtual London Marathon during the pandemic, which included a digital certificate and medal and the chance for runners to share an official finish line selfie. This year’s hybrid London Marathon event in October will see TCS further enhance and personalize the app experience. Over the last year, new technology innovations introduced by TCS have helped to reimagine many of the world’s top marathons as virtual events and enabled runners across the world to participate.
TCS’s Building on Belief messaging highlights the many ways that technology can deliver meaningful change for everyone. TCS, as a business, together with its clients, aims to deliver innovative futures that are more inclusive, and sustainable and inspire the next generation.
The job at Fifty-Five and Five was to deliver this uplifting and inspiring message to the target audience – in this case, the people participating in the marathon events, those supporting friends and family, and the wider public.
These are massive, cultural events that reach audiences not only in each host nation but across the world.
Delivering on-brand copy to enhance and complement this campaign, often in real-time, was an exciting challenge that expanded their relationship with one of their most inspiring and truly global clients. What’s more, the results of their campaign speak for themselves.
Tata Consultancy Services – Awards and Achievements
In addition to the following achievements, TCS was also featured in the Bloomberg Gender Equality Index for both 2022 and 2023, made it to Diversity Inc.’s Top 50 list, and won Brandon Hall Awards in areas such as diversity and learning & development.1.
Google Cloud Partner of the Year Awards (2023)
Global Talent Development Partner of the Year
Industry Solution Services Partner of the Year
Asia-Pacific Stevie Awards (2023)
Innovative Achievement in Finance
Most Exemplary Employer
Award for Innovative Use of Technology in Human Resources
CIO 100 Award (2023)
Workplace Resilience Solution for its IUX for Workplace Resilience software
IoT Breakthrough Award (2023)
For its IUX software
Brandon Hall Group Awards (2023)
15 awards recognizing TCS’s work in Human Capital Management (HCM).
Workplace Diversity Awards
TCS received multiple awards for its commitment to workplace diversity, including the 2023 Bloomberg Gender-Equality Index (GEI).
AWS GSI Partner of the Year – Global (2023)
Recognized by AWS for excellence in partnership
CII Regional Award
For its outstanding practices in safety, health, and environment
Tata Consultancy Services (TCS) is India’s largest software services company and a global leader in providing IT services, consulting, and business solutions. As of 2024, it is ranked seventh on the Fortune India 500 list, underscoring its significant influence and leadership in the technology sector both in India and globally. Its competitors are as follows:
Tata Consultancy Services (TCS) is set to revamp its organizational structure to better align with customer needs and achieve its ambitious revenue goal of $50 billion (approximately INR 3.89 lakh crore) by 2030. This follows a period of growth where TCS’s revenue increased from $17.3 billion in 2016 to $25 billion in 2021.
As part of its long-term strategy, TCS plans to introduce a new integrated organizational structure, focusing on “curated customer journeys.” This involves creating two new business groups that complement existing industry verticals and markets. The goal is to streamline operations around the entire customer journey—starting from acquisition and incubation to growth and transformation.
In response to challenges in North America, where TCS has seen slower profit growth and declining revenue, the company is also aiming to diversify its market focus. TCS is eyeing new growth opportunities in regions like Japan, Latin America, and Southern Europe, with Japan, in particular, offering significant potential as it currently contributes very little to India’s IT sector revenue.
FAQs
What does TCS do?
TCS (Tata Consultancy Services) provides IT services, software, and business solutions to help companies run better and grow.
When was TCS founded?
TCS was founded in 1968 by J.R.D. Tata.
Who are the main competitors of Tata Consultancy Services?
The main competitors of TCS include Wipro, Infosys, Tech Mahindra, Accenture, HCL Technologies, and many more.
What was the revenue of TCS for 2024?
TCS’s revenue for FY24 grew by 4.1%, reaching $29.08 billion.
The world is becoming more digital, and your customers are starting to expect a personalized experience with you.
Customers love to chat with companies over the phone, but they also expect to get instant answers and personalized interactions with their favourite brands. That’s why they look for ways to engage with your company in new ways.
The first thing mobile customers want is simple access to information while sitting on a couch or relaxing at home — even for those with limited data plans. Edge computing will help you solve this problem by delivering advanced services right where your customers already spend their time — whether it’s on their laptop, tablet, or smartphone, Let’s get started.
Edge computing is the technological advancement that enables customers to interact with your website and products without going through the internet. Now, that’s a big deal when you think about it!
Edge devices such as smart speakers and smartphones can significantly impact how your customers interact with you, resulting in more personalized experiences. Let’s experience some features of Edge Computing.
Edge can reduce bandwidth bottlenecks and improve response times. When you’re a small business, you don’t have the resources or workforce to handle everything independently. That’s where edge computing comes in.
Edge computing uses the internet from the edge of your network—anywhere within your local area network (LAN). This means that instead of sending data through your central infrastructure, you can use it directly without going through the rest of the network.
This can help reduce bandwidth bottlenecks and improve response times. It’s also easier to deploy because it doesn’t require much extra hardware or software.
Edge computing helps protect against data loss.
As you know, the internet is a scary place. It’s full of viruses, malware, and attacks from hackers looking to steal your information or cause you harm. We want you to use edge computing for all your online security needs!
Edge computing is one way to protect your data from getting into the wrong hands by keeping it on your local device instead of on the cloud. With edge computing, you can keep your personal information safe and secure with no worries about someone else snooping around in your data—significant concerning sensitive information like health records or financial records.
Edge can help you achieve compliance and reduce costs.
Edge computing can help you achieve compliance, increase security and reduce costs. You can use data to improve your compliance with regulations. This helps you get rid of the risk of fines and penalties.
By using edge computing instead of traditional servers or cloud storage services like Amazon Web Services (AWS), you can save money while also increasing efficiency and productivity since fewer resources are required for processing tasks at once rather than having multiple servers working together all at once just like how companies would do before with their servers within their networks which require more overhead costs for maintenance, etc.
Edge computing aids in improving customer experience management.
Regarding customer experience management, edge computing is one of the most important trends. Edge computing refers to a new wave of technology that allows companies to run their business processes at the network’s edge.
This means that instead of having all their data and processing power in one centralized location, companies can now run their own high-speed processing power in their needed neighbourhoods.
Helps in a real-time conversation between different parties
This has enormous implications for customer experience management because it allows companies to serve customers better and faster. For example, suppose you have a team responsible for customer support.
In that case, you might be able to give them more information about your customers so that they can provide better service—and do it faster than ever before!
And not only does this make life easier for your customer support team (or whoever needs access), but it also makes life easier for everyone else who works at your company: no more waiting for information from headquarters or another office before responding. Edge computing is already transforming how we live our lives in ways that are hard to imagine–but it’s just getting started!
The Key to Delivering a Delightful Customer Experience
Benefits of Edge Computing
Understanding how edge computing works is the key to delivering a delightful customer experience. For example, let’s say you’re a jewellery store and you want to send a customer an email offering them a discount on their next purchase.
You could try sending them an email when they check out—but that would mean the customer has to wait until they’ve checked out before getting their discount. Or maybe they won’t see the email at all!
With edge computing, however, you can send the email immediately after checking out (and even before leaving the store). This will ensure that your customer gets their discount as soon as possible. And because it’s happening in real time, no one has to wait for anything—they get what they need fast!
Three Ways Edge Computing Can Impact Customer Experience
It will allow you to analyze the data from your customers’ real-time interactions with your products or services. This means you can use that information to improve your products and services and give your customers more personalized experiences.
It will allow you to simultaneously collect and analyze data from different devices—including mobile phones, tablets, laptops, PCs, and even wearables! You can use this information to identify trends among your users to tailor their experiences as closely as possible.
Edge computing will allow for better security because it gives businesses access to all information about their users’ online activities without storing it on their servers. This means that even if someone hacks into one company’s servers or data centre (which often happens), they won’t have access to any private information about that company’s customers—which is good news for everyone involved!
Why Is Edge Computing Crucial for CX?
Advantages of Edge Computing
When it comes to customer experience, you want to ensure your customers are having a good time. And when it comes to making them have a good time, there’s no better tool than the Internet of Things (IoT).
But there’s a problem: the IoT is slow and unreliable. It takes up too much energy, and it’s not able to process transactions quickly enough. And since there are so many IoT devices in our homes and bodies, we need better ways for them to communicate with each other.
That’s where edge computing comes in. Edge computing is where all the processing happens—where machines handle things like machine learning algorithms that can help us understand what our customers are doing online or shopping for with us—and where all these communications between devices happen simultaneously as they’re happening in real-time. It’s an exciting new frontier in tech that will allow us to make our products more valuable and relevant!
The edge computing revolution is in its early stages, with many practical constraints and obstacles to overcome before its potential can be fully realized. But it’s worth keeping tabs on this technology and how it’s likely to affect the e-commerce world. We hope that the points we’ve made here will help you to keep up with ongoing developments and lead you to success in a dynamic marketplace.
So, in conclusion, Edge computing is undoubtedly an exciting new technology that probably won’t impact your company for a couple of years—but the tech world is so rapidly changing these days that companies are advised to keep their eyes peeled and their ears to the ground.
FAQs
What is edge computing?
Edge computing is the technological advancement that enables customers to interact with your website and products without going through the internet.
What are the features of edge computing?
Edge computing uses the internet from the edge of your network—anywhere within your local area network (LAN).
What is the main purpose of edge computing?
Edge computing has more than one purpose. But the main purpose remains one only. The main purpose of Edge computing is to reduce long-haul data transfers.
A software architect is the one who is responsible for building software and rectifying the problems in existing software. He/she is the person who is responsible for fulfilling all the technical needs of a company. A person with three years of experience is considered a software architect or an engineer. MNCs prefer to hire persons with a wide range of experience in software solutions. One more interesting fact about a software architect is that it is one of the high demanding jobs that can help people in earning a lot of money.
In this article, people can find insights into joining as a software architect. Some newbies might have doubts about joining as a software architect, so anyone with the idea of joining as a software architect can stay connected till the end to know some basic details. It is one of the software industry’s most interesting and demanding job profiles. The number of software architect openings is high compared to other industries.
A software architect is a person who determines the process and technologies which has to be implemented in business models. The entire job will be related to coding and encryption, so people with a wide range of experience in software development and coding can apply for this job role without any issues. In simple words, a software architect is the one who is responsible for developing structured codes and providing appropriate solutions.
Setting up goals and fulfilling all the technological needs will be the main work of the software architect. Other than these duties, a software architect will be responsible for setting up meetings and providing relevant software solutions for client end problems. Building software isn’t an easy task, so it needs a dedicated team to create solutions and solve problems in a better way. Understanding the client’s needs and providing relevant solutions will also be the main job role of a software architect.
How to Become a Software Architect?
To become a software architect, it is a must to choose the preferred course that can help students get specialized in the field. So soon after choosing the course, it will be easy for people to study and know the basics of this job and its related openings.
Most people who prefer to become a software architect should choose Computer Science or Information Technology in Engineering to know all the basic knowledge of coding and the course.
This will allow people to have an in-depth knowledge of the coding and its related details. Coding is one of the most important points to be considered, as the entire job role depends completely on it. So without a good sense of coding knowledge, it will be tough for people to understand what and how to do the job. The following will help you to know how you can become a software architect:
Information Technology Spending on Enterprise Software Worldwide from 2017 to 2022
Complete a Bachelor’s Degree
It is a must to have a bachelor’s degree for finding the best job opening in the software field. As mentioned earlier, a person with a computer science or IT degree will be eligible to apply for a software architect posting. So to join a reputed college, a student should clear the relevant entrance exams. Concentrating on basic studies in high school and other areas is always better so that anyone can easily clear the exams and enter a reputed college to attain a degree in the software field.
Be Proficient in Software Skills
To become a software architect, it is very important for a person to have proper knowledge of programming languages like Java, C++, and web development. People who prefer to start their career as software architects should make sure to choose the preferred computer programs and tools and get used to them. So if there are possibilities, students can join a course to be proficient in that.
It will help people in attaining a better place in the market. Today recruiters mainly focus on computer programs and tools so that they can train the candidate in a better way. Without these skills, no one can shine as a software architect, so make sure to have a better idea of software skills and their related details. Also, having knowledge of HTML, CSS, JavaScript, and UI/UX design is an added advantage to gaining success in this field.
Another important step toward becoming a software architect is to look for an internship in order to get an idea of the field beforehand. It might act as a basic level of training for a person. This will be the key to completing various tasks soon after getting placed in a company. So make sure to pay attention to internship programs and clearly know what you will be doing in your full-time job.
Earn a Master’s Degree
This step is dependent on an individual’s preference, so if you can afford a master’s degree in computer science or an equivalent field, then it is better to complete and enter a company to get placed with a better posting.
This will be an added advantage if people prefer to have a better idea of what to do with their job role soon after entering a company. Moreover, people who prefer to complete a master’s degree can be placed as team leads or other similar roles, so earning a master’s degree can be a great way to enter the industry with a better sense of knowledge in the software field.
Gain Experience in Software Solutions From a Company
Number of Software Developers Worldwide in 2018 to 2024
It is better to serve a company for a minimum period of 3 to 5 years because it will help people in attaining a wide range of experience in the job role and enhance their software skills. Working as a software engineer or developer on industry-related projects and handling various clients is also a must to become a successful software architect. It will allow people to learn more about the software industry and enhance their skills in handling various departments.
Enhance Your Resume
Updating the resume with the right software skills, experience and other relevant data will always be an advantage in many aspects. It will help people analyze the profile and provide relevant job openings. So this can save a lot of time, and hence make sure to update your resume from time to time with all the relevant details.
Conclusion
In general, people might find it difficult to have a clear idea of becoming a software architect, but soon after completing a degree and internship, it will be easy for people to get a wide range of experience in the field. This will also help in obtaining better knowledge of what will be required to do. So work hard and make sure to have some software skills to join and enjoy the benefits of becoming a software architect.
FAQs
Is software architect and software engineer the same?
A software engineer designs, code, and create the computer systems for different tasks and a software architect’s work usually does not include coding as they design and execute the development process along with the software engineers.
Do software architects write code?
Software architects do write codes but not as much as software developers. They mainly focus on software architecture-related activities.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Microsoft.
Perhaps the very 1st college dropout success tale is Microsoft, which was established by Bill Gates and Paul Allen. Microsoft, a US-based multinational tech giant, was ranked No. 21 in the Fortune 500 rankings of the largest US companies by total revenue in 2020. It was the largest global technology corporation by revenue, as of 2016. Along with Google, Apple, Amazon, and Facebook, it is considered one of the Big Five corporations in the United States software industry.
In 2018, Microsoft was declared the world’s most valuable publicly-traded company. In April 2019, Microsoft has become the 3rd U.S. public company to be worth over $1 trillion, behind Amazon and Apple. As of 2020, Microsoft has the third-highest brand value in the world.
Here’s more about this software behemoth and how it came to be known as “Microsoft.”
Microsoft – Company Highlight
Startup Name
Microsoft
Formerly Called
Microsoft Consumer Products (1980–1982)
Headquarters
One Microsoft Way Redmond, Washington, U.S.
Industry
Software development, Computer hardware, Consumer electronics, Social networking service, Cloud computing, Video games, Corporate venture capital
Microsoft Corporation, located in Redmond, Washington, is a leading multinational tech company that produces computers, computer software, electronics, and related services.
Microsoft’s best-known software products are the Microsoft Office suite, Windows operating system, and the Internet Explorer and Edge web browsers. The company’s main hardware solutions are the Microsoft Surface line of touchscreen personal computers and Xbox video game consoles.
The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, Skype, cloud-based Office 365, Dynamics, Exchange, SharePoint, LinkedIn), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, SQL Server, Windows Server OS), and more personal computing (Windows Client, display advertising, Bing search, Xbox, and Surface laptops, tablets, and desktops).
Microsoft – Latest News
“Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity,” said Satya Nadella, chairman and chief executive officer of Microsoft. “The Microsoft Cloud delivers the end-to-end platforms and tools organizations need to navigate this time of transition and change.”
As of October 26, 2021, in comparison to the same period previous fiscal year, Microsoft Corporation released the following results for the quarter ending September 30, 2021:
Revenues climbed by 22% to $45.3 billion.
Operating income climbed by 27% to $20.2 billion.
Net income grew 48 percent and 24 percent, respectively, to $20.5 billion GAAP and $17.2 billion non-GAAP.
GAAP diluted profits per share were $2.71, while non-GAAP diluted earnings per share were $2.27, representing a 49 percent and 25 percent rise, respectively.
GAAP results include a $3.3 billion net income tax benefit.
“We had a good start to the fiscal year,” Amy Hood, executive vice president and chief financial officer of Microsoft, said. “Our Microsoft Cloud generated $20.7 billion in revenue for the quarter, up 36 per cent year over year.”
Microsoft – Industry
The information technology (IT) industry includes firms that produce software, hardware, or semiconductor equipment, as well as companies that provide internet or related services. The three main industry categories in the IT sector are technology hardware, software and services, equipment, and semiconductors and semiconductor tools.
The software solutions industry category includes organisations that provide internet/online and software services as well as IT services. Online services are companies that provide interactive services or online databases, such as social networks or search engines.
IT services are companies that provide data processing services or IT consulting to other companies. Eventually, the software includes all sorts of commercial and consumer software, such as video games as well as business and systems software.
The three industries that make up technology hardware and equipment are Technology hardware, communications equipment, storage and peripherals, and electronic equipment, instruments, and components. Communication equipment includes telephones, routers, and switchboards.
Technology hardware, peripherals, and storage include computers, cell phones, and printers. Electronic equipment, gadgets, and accessories include companies that make barcode scanners, security systems and transformers, as well as distributors and Original Equipment Manufacturers (OEM). An OEM is a company that develops types of equipment that are used in other businesses’ finished products. Many Dell laptops, for example, have Intel processors and Windows pre-installed; Intel and Microsoft may be called Dell’s OEMs.
Semiconductors are materials that can transmit electricity in some situations but not in others, making them excellent for managing currents. Silicon is a very common semiconductor material. This industrial category comprises both semiconductor manufacturers and semiconductor peripheral equipment manufacturers.
Microsoft – Name, Logo, And Tagline
Microsoft is a combination of the words “micro-processors” and “software”.
Microsoft Logo
The Microsoft logo represents technological innovation that, with his Windows operating system, introduced the computer to the average person. Their logo serves as a constant emblem of quality in an operating system named “Windows,” which gives individuals access to the world of technology.
The new tagline for Microsoft, the world leader in operating systems for more than a decade, is “Be what’s next.”
Microsoft – Founders
On April 4, 1975, Bill Gates and Paul Allen established the company, Microsoft.
Founders of Microsoft – Paul Allen and Bill Gates
Bill Gates
William Henry Gates III is a successful American businessman, investor, author, software developer, and philanthropist. Along with his late childhood mate Paul Allen, he co-founded Microsoft. Gates was the business’s largest individual stakeholder until May 2014, and he acted like the CEO, chairman, president, and principal software architect throughout his time there.
He was the richest person in the world every year from 1995 to 2017, except for 2010 and 2013. He is the founder and chairman of BEN, Cascade Investment, bgC3, and TerraPower, among others. Through the Bill & Melinda Gates Foundation, the world’s biggest private foundation, he has provided huge sums of money to many humanitarian organizations and scientific research initiatives.
Paul Allen
Paul Allen was an American businessman, researcher, investor, programmer and philanthropist. He is primarily remembered for co-founding Microsoft in 1975 with childhood buddy Bill Gates. Forbes listed Allen as the 44th richest person on the planet in 2018. Apex Learning and Stratolaunch Systems, as well as the Allen Institutes for Brain Science, Cell Science, and Artificial Intelligence, were all established by Allen.
He donated more than $2 billion to a variety of organizations, including education, animal and environmental protection, the arts, healthcare, and community services. With SpaceShipOne, he sponsored the first crewed commercial spaceplane in 2004.
He has earned several awards and distinctions in a variety of fields, and in 2007 and 2008, he was named one of Time’s 100 Most Influential People in the World.
Microsoft – Startup Story
Before co-founding Microsoft, Paul Allen and Bill Gates were ardent computer nerds in an era when computers were scarce. Even in high school, Gates and Allen skipped classes for spending all of their days in the school’s computer room. They were finally caught hacking into the school’s computer, but rather than being deported, they were granted unlimited computer time in exchange for assisting in improving the performance of a computer system.
While still in high school, Gates and Allen founded Traf-O-Data, a modest firm with the support of Paul Gilbert, and sold a computer to the city of Seattle for traffic counts.
In 1973, Gates left Seattle to attend Harvard University as a pre-law student. However, Gates’ first love, programming, never departed him, as he devoted much of his time in Harvard’s computer room polishing his skills. Allen moved to Boston shortly after, functioning as a coder and encouraging Gates to forgo Harvard so that they could work a full-time job on their concepts together.
In January 1975, Allen brought Gates an article on the Altair 8800 microprocessor from Popular Electronics magazine. MITS, the Altair’s maker, was approached by Gates, who offered his and Allen’s services to develop an Altair version of the new Coding language.
MITS decided to sell and commercialize the software under the name Altair BASIC when Allen and Gates presented their program to them after eight weeks. Gates and Allen were so enthused by the sale that they decided to start their software firm. As a result, on April 4, 1975, in Albuquerque, New Mexico—the origin of MITS—Microsoft was created, with Bill Gates as its first CEO.
The business opened its first international office less than a year later, in August 1977. ASCII Microsoft was the name of the Japanese branch. In 1979, the firm relocated to Bellevue, Washington, and two years later, Microsoft Inc. was formed. Allen was executive vice president while Bill was chairman and president of the board of directors.
Microsoft – Mission and Vision
Microsoft’s mission statement says, “Our mission is to empower every person and every organization on the planet to achieve more.”
Microsoft’s vision statement is “to help people and businesses throughout the world realize their full potential.” The notion stated in this vision statement is how the organization goes above and beyond to help its clients make good changes.
Microsoft – Products
Microsoft’s products are quite numerous, and a significant portion of them are aimed at businesses and business customers. Until a few years ago, Microsoft’s products were largely desktop apps. Things have changed drastically over the years, with Microsoft creating a slew of discrete online and mobile apps for individual users.
A few of the products are:
Microsoft Windows
Bing
MS DOS
Skype
LinkedIn
Windows Phone
Microsoft Solitaire
Visual Studio
X Box 360
Microsoft Office
Internet Explorer
Microsoft Azure
Microsoft – Business Model and Revenue Model
Microsoft’s primary revenue and profits come from developing, manufacturing, licensing, supporting, and selling a wide range of hardware and software products, cloud-based services, and services that integrate with them, as well as producing appropriate digital advertising that reaches a worldwide audience, conserving and expand its field of view and foundation.
The following are the three primary segments of Microsoft Revenue Generation:
Business Processes and Productivity – It comprises income from the sale and licensing of the company’s various software products and cloud services for various devices and platforms. Office 365 Suite, Outlook.com, Exchange Email Platforms, OneDrive and SharePoint Content Management Tools, Skype Call Services, and others are examples of such goods and services.
Intelligent Cloud – Revenues from Microsoft’s server products and cloud storage services are included. Sales and licencing of Visual Studio, Microsoft SQL Server, System Center, Microsoft Azure, and Windows Service, among other products, support Microsoft’s commercial strategy.
Personal Computing – It comprised revenue from Microsoft services and products that give developers, professionals, and end-users cross-platform functionality. Microsoft makes money from licensing Windows OS, Windows Phones, and Microsoft patents, as well as selling mobile phones and PC peripherals.
It also makes money from selling and licensing Microsoft Xbox gaming systems, as well as Xbox live subscriptions, transactions, advertising, and royalties from third-party video games. Search advertising on the Bing Search Engine and proceeds from display advertising on the MSN portal is also included in this category.
Microsoft – Funding and Investors
Date
Round
Amount
Lead Investors
Sep 1, 1981
Venture Round
$1M
Technology Venture Investors
Microsoft – Investments
Date
Organization Name
Round
Amount
Sep 29, 2021
Truveta
Corporate Round
–
Aug 17, 2021
Rubrik
Corporate Round
–
Jul 29, 2021
OYO
Series F
$5M
Jun 4, 2021
Intelight
Seed Round
CA$1.5M
Jun 3, 2021
Sibucayi
Pre-Seed Round
$1K
Jun 1, 2021
One Store
Venture Round
₩17B
May 25, 2021
Siemens Healthineers
Grant
$2.5M
Apr 14, 2021
Bukalapak
Venture Round
$234M
Mar 1, 2021
Loggi
Series F
$212M
Feb 1, 2021
Databricks
Series G
$1B
Microsoft – Acquisitions
Acquiree Name
About Acquiree
Date
Amount
Clear Software
Clear Software is an Intelligent Automation platform that protects and extends technology investments.
Oct 22, 2021
–
Ally.io
Ally.io is a strategic goal-planning and execution management software.
Oct 7, 2021
$76M
TakeLessons
TakeLessons is an ed-tech company with a robust, engaging learning platform and community for lifelong learning.
Sep 10, 2021
–
Clipchamp
Clipchamp is the video editing platform that empowers anyone to tell stories worth sharing.
Sep 7, 2021
–
Peer5
Peer5 operates the world’s largest peer-to-peer (p2p) content delivery network.
Aug 10, 2021
–
Suplari
Suplari focuses on leveraging machine learning to help enterprises change the way they manage their suppliers and costs.
Jul 28, 2021
–
CloudKnox Security
CloudKnox develops a multi-cloud permissions management platform that protects critical cloud infrastructure resources and identities.
Jul 21, 2021
–
RiskIQ
RiskIQ is a security company that provides digital threat management solutions for software vendors.
Jul 11, 2021
$500M
ReFirm Labs
ReFirm Labs is a group of IoT security experts that develops a new method for vetting and validating firmware.
Jun 2, 2021
–
Kinvolk
Kinvolk is a software development company with commercial support for Linux, Kubernetes, and consulting across the cloud-native stack.
Apr 29, 2021
–
Microsoft – Growth
As of July 2021, Microsoft reported $46.2 billion in revenue, $16.5 billion in net income, and $2.17 in profits per share for the quarter. The company’s revenues increased by 21% year over year, but its net income increased by a more robust 47 percent.
First and foremost, Azure, Microsoft’s cloud computing platform, saw a 51 percent increase in revenue in the quarter compared to the same quarter a year earlier, a number that would drop to 45 percent if currency changes were taken into account, according to the firm. According to preliminary research, the 51 percent rate is the company’s highest Azure growth since the fiscal Q3 2020 period or the first calendar quarter of last year.
Taking a look at the rest of the company’s performance, we may rank the revenue growth outcomes of its three main divisions as follows:
Intelligent Cloud has grown by 30%, thanks in part to Azure’s expansion.
Productivity and Business Processes: 21% increase, with LinkedIn (46%) and the Dynamics 365 CRM solution leading the way (49 percent growth).
More Personal computing is growing at a rate of 9%, with search leading the way (53 per cent, excluding traffic acquisition costs).
Microsoft – Competitors
The top competitors of Microsoft are Apple, Sony, Samsung, Mozilla, Logitech International, Google, IBM, Cisco, VM Ware, SAP, Salesforce, Red Hat, AWS, Oracle Cloud, and Alibaba Cloud.
Mobile – The fact that Microsoft has yet to figure out how to break into the mobile market is, of course, its largest and most obvious weakness. The mobile market share of Microsoft is now at 3.5%. This is a pitiful figure when compared to Apple’s 14.8 percent and Google/Android’s 80.2 percent.
Furthermore, Microsoft’s Surface tablet has only managed to capture less than 3% of the tablet market. As a result, Windows is the only major operating system without a functional mobile component.
Ecosystem – Additional problem for Microsoft would be that their platform isn’t up to par. Of course, there is one exception: Office 365. However, its Windows Store is about a fifth the size of the App Store and Google Play, Microsoft only recently released a free online version of its Office suite, Bing remains a distant second to Google Search, and Google’s Chrome browser surpassed Internet Explorer in total market share for the first time this month, and it doesn’t have a viable iTunes competitor.
Microsoft – Future Plans
For years, Microsoft has preached about the promise of rapid IoT growth via sensors and simple devices, all while creating a cloud empire and covertly acquiring startups that will help it manage these billions of cloud-connected devices.
According to some estimates, there are now 22 billion linked gadgets, with that number expected to rise to 50 billion this year, by 2025, or 2030, depending on whose study you trust. Although there is some debate over how many devices will be linked to the internet and when they will do so, Nadella has rebuilt Windows and Azure to prepare for it.
Microsoft also faces stiff competition from companies wishing to handle the billions of internet-connected gadgets. ARM, Qualcomm, Amazon, Huawei, Qualcomm, IBM, Intel, Dell, Google, Cisco, HP, Samsung, Oracle, and others are vying for a slice of this growing market, however, there is no definite victor yet. If the software titan is to succeed, it will have to persuade competitors and form partnerships with a large number of them. And this was why in current history, Microsoft has partnered with Cortana and Amazon on Sony on the future of cloud gaming, Alexa integration, Walmart on grocery store innovation, Samsung on Android apps, and many others.
Nadella made it absolutely clear that the company is devoting a considerable amount of resources to see what the next big thing is. Simultaneously, they aren’t asserting that this is their way of implying that this one item will consume all of Android, Windows, and iOS. People have generally grasped that Windows has a billion users worldwide, Android has 2 billion, and iOS has a billion. And it’s not like either of them was responsible for the death of another.
Microsoft – FAQs
What does Microsoft do?
Microsoft Corporation is an American multinational technology company based in Redmond, Washington, that makes computer software and hardware, consumer devices, computers, and associated services.
Who founded Microsoft?
On April 4, 1975, Bill Gates and Paul Allen launched Microsoft.
How does Microsoft make money?
Microsoft’s primary revenue and profits come from developing, manufacturing, licensing, supporting, and selling a wide range of hardware and software products, cloud-based services, and services that integrate with them, as well as producing appropriate digital advertising that reaches a worldwide audience, conserving and expand its field of view and foundation.
Who is the current CEO of Microsoft?
Satya Nadella is the current CEO of Microsoft.
Which companies do Microsoft compete with?
The top competitors of Microsoft are Apple, Sony, Samsung, Mozilla, Logitech International, Google, IBM, Cisco, VM Ware, SAP, Salesforce, Red Hat, AWS, Oracle Cloud, and Alibaba Cloud.
Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.
The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.
Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.
The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.
The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.
In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.
Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.
Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.
It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.
Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.
In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.
The history of Mahindra group
List of Mahindra Group Subsidiaries
Here are listed all the Mahindra Group Companies.
Mahindra & Mahindra Limited
Founded: 1945
Mahindra Group Limited
It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.
Mahindra & Mahindra popular cars
Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:
The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.
Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.
Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.
The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.
The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.
It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.
Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.
Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.
Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.
Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.
Mahindra Electric Mobility Limited
Founded: 1994
Mahindra Electric – Mahindra & Mahindra Subsidiaries
Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.
The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.
The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.
The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.
Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.
So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.
Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.
Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.
Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.
It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.
Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.
The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.
Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.
Mahindra Holiday and Resorts India limited
Founded: 1996
Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries
MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.
The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.
The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.
Frequently Asked Questions
What does Mahindra group do?
Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.
What are the subsidiaries of Mahindra Group?
The list of Mahindra group subsidiaries are:
Mahindra & Mahindra Limited
Mahindra Lifespace Developers Limited
Mahindra Financial Services Limited
Mahindra Holiday and Resorts India Limited
Mahindra Aerospace
Mahindra Logistics Limited
Mahindra Electric Mobility Limited
Tech Mahindra
Who is the CEO of Mahindra group?
Dr. Anish Shah is the CEO of Mahindra Group.
Where is the headquarters of Mahindra Group?
The headquarters of Mahindra Group is in Mumbai, Maharashtra.
What is the net worth of Anand Mahindra?
The net worth of Anand Mahindra is $170 Crores.
Who is the CEO of Tech Mahindra?
CP Gurnani is the CEO of Tech Mahindra.
How many companies are there under Mahindra Group?
There are 150 companies having global presence in 23 industries under Mahindra Group.
How many employees are there in Mahindra Group?
There are over 250,000 employees in Mahindra Group.
In this digital world, as technologies harm most industries, Cybersecurity works as a shield for the industries at risk. As technology evolves, the adversaries are also enhancing their attack methods, tools, and techniques to exploit individuals and organizations which calls for a strong cybersecurity system. In this article, we have listed some Cybersecurity startups in India or cyber security companies in India to help you safeguard your business or organization.
Seconize is a Bangalore-based cyber-security startup, which serves in cloud-based, AI/ML-enabled, automated security solutions to ventures who are surrounded by digitization and all the information about the company is on cloud or drives. It is one of the best cyber security startups in Bangalore.
Seconize helps these companies to save themselves from risks by proactive risk assessment, remediation, and identification. It also maintains all the IT assets with real-time risk measurement and saves them from human error. Seconize has also managed to get support from Singapore telecom operator Singtel and NUS National University of Singapore, expanding its offices in countries across the globe.
2. Wi-Jungle
Wi-Jungle – Cybersecurity Startup in India
Wi-Jungle works towards developing and marketing a unified network security gateway to companies in more than 25 countries across the globe. Wijungle was founded in the year 2014, WiJungle was launched as a completely free WiFi service and it was the first Indian private company to bring up this idea.
Currently, the company is serving government and private companies across the country. Wi-Jungle offers its services to several sectors like hospitality, healthcare, education, BFSI, retail, defence, transportation, ITES, and more.
3. Lucideus
Lucideus – Cybersecurity Startup in India
Lucideus was developed at IIT Bombay for information on security services. It is an AI-ML enabled platform that takes care of enterprises across the globe. This platform monitors and responds to cyber threats effectively and reduces cyber-attacks.
Lucideus has also made its brand name internationally and encourages other businesses to make cyber-security an important priority.
4. Sequretek
Sequretek – Cybersecurity Startup in India
Sequretek is a cyber-security startup with an aim to simplify security for enterprises and businesses. It helps to equip them with AI and ML-driven security tools and solutions which makes sure that the company is secured and properly armed against all the security threats without any vulnerability.
These threats can be known and unknown as well and Sequretek takes care of everything. Sequretek has experience in domains like BFSI, e-commerce, retail, healthcare, insurance, entertainment, manufacturing, and more.
Securitybulls is a startup that focuses on comprehensive pen-testing which is also known as a penetration test or ethical hacking. Securitybulls offers to its customers IT security assessments and infrastructure security services.
It analyzes the client company’s digital assets and checks for the security risk and flaws from where it can get compromised and attacked. After finding the vulnerability in the security it provides a remediation blueprint that helps in enhancing the client’s cyber-security strategies.
6. Cybersek
Cybersek – Cybersecurity Startup in India
CyberSek is a cyber-security startup founded in 2020 with an aim to revolutionize digital defense. Its mission is to empower organizations with cutting-edge solutions that bolster their cyber resilience. From pioneering Pen Testing as a Service (PTaaS) to comprehensive assessments covering Third Party, Web, API, Mobile, Cloud, Red Teaming, Thick Client, External, and Internal Network Penetration Testing, that leaves no stone unturned in securing clients’ digital footprint.
They conduct a comprehensive analysis of the client company’s digital assets, meticulously examining them for potential security risks and vulnerabilities vulnerable to compromise or attack. Upon identifying these weaknesses, CyberSek delivers a detailed remediation blueprint, guiding the client in fortifying their cyber defenses and enhancing their overall security posture. Partner with CyberSek, and let’s forge a future where security is not just a priority but a standard of excellence.
7. Threatsys
Threatsys – Cybersecurity Startup in India
Threatsys is one of the leading topcyber security companies in India, helping businesses, governments and organizations plan, build, and run successful security programs. It is the No. 1 Cyber Security Company in Bhubaneswar, Odisha.
Threatsys helps to simplify cyber-security by providing everything you need to define strategy, identify threats, deploy the right technology, and ensure operational readiness to protect your business. One can turn to Threatsys for help with every aspect of the security program rather than partnering with several cybersecurity providers for cybersecurity companies in India.
8. FireEye
FireEye – Cybersecurity Startup in India
FireEye is a publicly traded cyber-security company with its headquarters in Milpitas, California. It provides facilities like services to investigate cyber-security attacks, protect against malicious software, and analyze IT security risks.
FireEye was founded in 2004. This is a cyber security company from the list of top cyber security companies in Bangalore. It will serve as a hub for the development and testing of new FireEye products and plays a key role in maintaining cutting‐edge technology and innovation in the FireEye line of security products.
9. Secuneus
Secuneus – Cybersecurity Startup in India
Secuneus Technologies is an independent registered company of India situated in Jalandhar, Punjab and deals in core Cyber Security, helping businesses protect themselves and their reputations against the very latest cyber threats.
10. Haltdos
Haltdos – Cybersecurity Startup in India
Noida-based HaltDos is an AI-driven website protection service that secures websites against cyber threats and was launched in 2015. Its comprehensive offering provides DDoS protection, Web Application Firewall, and Load Balancing features in a single solution and is available on the cloud as well as on-premise appliances.
11. AppsPicket
AppsPicket – Cybersecurity Startup in India
AppsPicket’s mission is to bring advanced cryptography to all businesses, whether small, medium or large. The startup, based out of Delhi and London, launched in 2015, works in the Strong Authentication (2FA) and Cloud Security domain.
It has the aim to use advanced cryptography to solve real-time security problems with its variety of products, which includes Cryptopass, Developer SDK, and Autoportal. The brand’s next-generation Two Factor Authentication – I2FA – is making the adoption of strong user authentication simpler and frictionless.
Founded in May 2016, the platform works as an aggregator that connects ethical hackers to companies. Companies are focused on discovering security loopholes and providing a common ground for hackers and companies to connect.
13. TAC Security Solutions
TAC Security Solutions – Cybersecurity Startup in India
TAC Security Solutions is a cyber-security company in India which aims at mission to anticipate, resolve, and mitigate cybersecurity risks and challenges. TAC Security serves complete vulnerability assessment solutions, which involves the process of identifying, quantifying, and prioritising vulnerabilities in network infrastructures.
It serves network, application, and web security solutions to several corporates, banks, startups, governments, and law enforcement agencies. Its current client portfolio includes names like Reliance Industries Limited, Gujarat Police, Punjab Police, International Tractors Limited (Sonalika), AMUL, etc.
14. Kratikal Tech
Kratikal Tech – Cybersecurity Startup in India
Founded in 2016, the Noida-based startup provides end-to-end cyber-security solutions to its customers. Kratikal Tech’s product People Risk Assessment (PRA) Engine claims to access the real-time threat posture of an organization from a people point of view, reducing cyber risk up to 90 per cent.
15. SheildSquare
ShieldSquare – Cybersecurity Startup in India
Founded in 2013, ShieldSquare is a bot mitigation and management startup. It is a real-time, cloud-based prevention solution, that helps companies differentiate between human and bot traffic. The company aims at the prevention and removal of any malicious intent and fraud.
16. Block Armour
Block Armour – Cybersecurity Startup in India
Harnessing the potential of Blockchain and emerging technology, Mumbai-based Block Armour was launched in 2016, with the aim to disrupt cyber-security. Blending cyber-security insights, IT security best practices, and emerging technologies, Block Armour provides a base for a new breed of identity management, data/information integrity, and IoT-related security solutions.
Conclusion
As AI sees more advancement, we will be witnesses to how far we can take this technology to be both a boon and a bane to cybersecurity and society in general. So above is the list of top cyber security startups in India which you can look out for in 2021. I hope you find this article informative and useful.
Who are the top 10 cyber security companies in India or do you know cyber security startups in India?
Top 10 Cyber security companies in India or a list of cyber security companies in India:
Alchetron.
Arcon TechSolution.
Aurionpro.
AuthMetrik.
Data Resolve Technologies.
eScan.
HaltDos.
ilantus.
Securitybulls.
Seconize.
How to start a cyber security company in India?
Understand the Industry.
Conduct Market Research and Feasibility Studies.
Decide What Niche to Concentrate On.
Know the Major Competitors in the Industry.
Decide Whether to Buy a Franchise or Start from Scratch.
Know the Possible Threats and Challenges You Will Face.
Choose the Most Suitable Legal Entity, etc.
Which is best AI or cyber security?
In terms of difficultness to learn and job growth rate, Artificial Intelligence is better than Cyber Security but Cyber Security and Artificial Intelligence are equally important. Many companies are using Artificial intelligence for Cyber Security applications.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byFinly.
Keeping track of expenses and payables is crucial for every business. Account Payable automation or AP automation software simplifies tasks like submitting invoices, managing approvals, and processing payments in a fast, error-free and transparent manner. This is the reason why many businesses are adopting Accounts payable automation these days. As reported by Adroit Market Research, the Account Payable Automation software market will be valued at US $ 4 Billion by 2025. One of the top companies providing this software in India is Finly. Finly also offers software for expense management, e-procurement, budgeting and offers various expense and budget-related insights that can help managers and accounting professionals take important business decisions.
In this article, we have covered all about Finly, its founders, the story behind the inception of the startup, its products, revenue, and plans.
In December 2019, Finly raised an undisclosed amount of funding from investors like Gemba Capital, AngelList India, Omphalos Ventures, Social Capital, and 91springboard.
We believe the team has built a fantastic SaaS product for the global market,” said Adith Podhar, Gemba Capital managing partner. “With Finly, a CFO can time his payments to better manage cash and capture early payment discounts, reduce invoice processing time and costs, and engage the accounts payable department in more strategic, higher-value activities.” Adith added.
About Finly and How it Works?
Finly is a financial management and governance software business. It provides a platform that enables businesses to automate, get visibility into, and manage their expenditure swiftly.
Finly created cloud-based expenditure management software to automate all corporate payments and transactions. The company’s software allows businesses to use cashless transactions by providing expenditure management, money distribution, digital payments, automated collection, and vendor payments.
Finly began with a simple notion: to help businesses better understand their spending and costs. Finly was created to help your organization establish better procedures, resulting in a system that is much more cost-effective and time-efficient. They believe that by replacing standard cost reporting systems with Finly, they would be able to make the entire process more hassle-free, resulting in higher employee satisfaction.
Finly offers a SaaS component that automates all financial operations within the company. To digitize all external financial transactions, the SaaS component connects with every type of payment instrument in India (UPI/ NEFT/ IMPS/ RTGS/ Prepaid Cards/ Credit Cards) enabling businesses to make seamless transactions.
The SaaS solution allows multiple stakeholders (spender/reviewer/finance team/vendors) to interact and cooperate while giving the finance team comprehensive insight. The solution maintains all internal corporate systems up to date with real-time financial activities.
Finly maintains all corporate business systems in sync and provides the most dynamic reporting on the industry by giving the company comprehensive visibility into its spending. Their objective is to give finance teams technology and analytics that allow them to have powerful insights into their spending, allowing them to make informed strategic decisions and removing any cost management roadblocks as your company grows.
Finly offers software for company cost management, digital cash distribution, vendor payments, and GST-compliant invoicing and payments to assist businesses to automate and simplify their spending.
The ‘Fin’ in Finly refers to the company’s financial management and governance software business.
Finly’ s Company Logo
Finly’s tagline says, “Control, Optimize & Strategically Reduce Business Spend By Digitising Accounts Payable Process with a Scalable AP Automation System”
Finly – Founder and History
Veekshith Rai and Vivek A G founded Finly in 2015.
Veekshith Rai – Co-founder and CEO of Finly
Veekshith Rai and Vivek A G had been friends since they were adolescents, and after graduating from an engineering school in Bengaluru in 2012, they got interested in digital money. Veekshith worked for Mindfree Labs, and Vivek for Accion, and they both worked in IT. However, after only 3 years, they realized they had arrived at a major revenue opportunity: expenditure management.
Finly, a company expenditure, and cost management solution, was born out of this need.
“Before settling on this concept, we had honed in on five challenges we were interested in solving,” Veekshith explains. “We put together pitch decks and contacted industry experts, investors, and advisers. We froze upon Finly and developed a prototype to obtain our first set of clients after feedback, numerous revisions, and a lot of deep ideation.”
During the initial stage, the founders narrowed down possible clients regarding the problem and other factors and shared the product concept with Chief financial officers. After receiving a partial payment, they began development on the system and rolled it out in stages.
Finly – Mission and Vision
Finly’s mission and vision statement say, “Finly Corporation is committed to providing our clients with a high-quality product and outstanding service. When clients use any of our goods or services to develop projects, we try to offer them security and peace of mind. We strive to be at the forefront of innovative technology and manufacturing processes.”
Finly – Business Model
Finly is focusing on the B2B market since the B2C market has been significantly disrupted by technology like UPI and applications such as PayTM and PhonePe, which have reduced reliance on cash.
Businesses, on the other hand, continue to rely on traditional payment processing systems. This is mainly because of two reasons: banks’ ongoing concentration on major operations and their failure to consumerize modern banking technology with software commodities that address current business demands.
Finly’s business model is built on a per-user, per-month cost that is determined by the module selected by the client. They also demand a transaction fee, which is determined by the form of transaction utilized by the company.
“Payments, an integral part of financial operations, remain disconnected from current processes. But payment technologies like UPI, currently open only to the B2C segment, will further drive adoption of digital payments when rolled out to the B2B segment,” says Vivek.
Finly’s yearly revenue is now projected to be $7.1 million.
Finly’s revenue per employee is expected to be $145,000.
The founders invested little more than Rs 1 crore in the firm, which is producing close to Rs 7 crore in revenue. The founders however have not confirmed the company’s revenue.
Finly – Funding and Investors
Finly raised an undisclosed amount of funding in December 2019.
Date
Round
Amount
Lead Investors
Dec 21, 2019
Seed Round
–
Das42 Capital, Gemba Capital, Social Capital, 91springboard
Finly – Competitors
Finly is a SaaS company that competes with Expensify, SAP Concur, Zoho, Pleo, G2 Storefront, Happay, and Fyle.
Finly – Challenges Faced
According to Veekshith, the road ahead isn’t really a bed of roses.
Changing the habits of finance teams is one of the company’s difficulties. However, Finly combats this challenge with a robust customer success staff that follows up with its clients after the transaction.
The other challenge for the company is having strong business professionals with a mix of sales, technology, and financial skills.
Finly presently works with over 100 clients, and is working to increase the client base. The company will add more intelligent products to its suite in future.
V Ganapathy, CEO of Axilor Ventures, says: “This market is a big opportunity and this startup helps clients track all their financial expenses. We believe Finly has figured out the market reach and is scaling fast.”
Finly gives CFOs and finance teams comprehensive insight and control over payables. All while improving Finance Teams’ productivity by over 80% via the use of a sophisticated Finance Communication Framework to automate tedious and repetitive procedures and ease wireless communication within Finance Teams. With its intelligent software Finly is all set to change the way Finance teams across industries work.
Speaking about Finly’s vision, co-founder Vivek AG says, “We think that the future generation of finance teams will not spend time on manual labor for day-to-day activities such as processing vendor payments, reconciling invoices, tracking advances, and so on. Finly will assist finance teams in important duties such as analyzing and tracking vital indicators related to the company’s growth.”
Finly – FAQs
What does Finly do?
Finly is a financial management and governance software business. It provides a platform that enables businesses to automate, get visibility into, and manage their expenditure.
Who founded Finly?
Veekshith Rai and Vivek A G founded Finly in 2015.
How does Finly make money?
Their business model is built on a per-user, per-month cost that is determined by the module selected by the client. They also demand a transaction fee, which is determined by the form of transaction utilized by the company.
Which companies do Finly compete with?
Finly is a SaaS company that competes with Expensify, SAP Concur, Expensify, Zoho, Pleo, G2 Storefront, Happay, and Fyle.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byNothing.
Remember carrying those cassette walkmans as a teenager? Well, we no longer need one, as we have mobiles now. Similar is the case of VCR and Analog TV, which too has now become obsolete. The evolution of consumer technology is not unknown. Consumer electronics products have become sleeker, comfortable, and easy to use. There are many businesses and technology experts who are working to make consumer electronics even better. Here we are featuring one such newly established startup that seems all set to make some noise in the consumer electronics industry.
The London Based Startup named ‘Nothing’ is formed with the vision to offer smart consumer electronics products that look so natural that it blends with the background, and seems like ‘nothing’. Nothing’s products are made using custom-made components, which makes the products look stylish and different from the rest.
Nothing was founded in October 2020 by ex-OnePlus co-founder Carl Pei with a mission is to remove barriers between people and technology, to create a seamless digital future. The company wants to come up with consumer electronics products that are beautiful, look very natural, and can be used comfortably and effortlessly.
Nothing’s first product, Bluetooth wireless earbuds ‘Nothing ear (1)’, is ready to hit the market worldwide on 31st August 2021. Nothing has partnered with Flipkart to launch ‘ear (1)’ in India. Starting 17th August 2021, one can pre-order ‘ear (1)’ at Flipkart. ‘ear (1)’ comes with attractive features like state-of-the-art noise cancellation, 3 high definition mics, and clear voice technology that ensures that calls via these earbuds are loud and clear. Besides, earbuds are sweat and water splash resistant. If you are someone who often misplaces your earbuds and wastes time looking for them, you can easily find your earbuds through the ‘Find My Earbud’ option in the ear (1) App. Nothing ear (1) come with a beautiful transparent design.
Nothing ear(1)
Nothing plans to come up with a wide range of products in different categories in near future. All the products will be designed considering the following principles –
Weightless: The products will not have anything unnecessary. Nothing’s products will only have those features or qualities that will enhance the user experience.
Effortless: The products will be easy to use. Nothing ensures seamless interaction between the product and the consumer.
Timeless: The designs will be closer to nature and timeless.
Nothing plans to introduce consumer electronics products that are simple. The products should look so natural that it blends into the backdrop and seems unnoticeable or ‘nothing’. The company’s name is inspired by this very philosophy.
Nothing’s Company Logo
Nothing – Founder
Ex OnePlus co-founder Carl Pei founded Nothing in October 2020.
Carl Pei – Founder of Nothing
Carl Pei is a dropout from Stockholm School Of Economics. He worked as an International Markets Manager with consumer electronics company OPPO, before launching his own consumer electronics brand OnePlus in December 2013.
Nothing – Mission and Vision
As Carl Pei says, “Nothing’s mission is to remove barriers between people and technology to create a seamless digital future. We believe that the best technology is beautiful, yet natural and intuitive to use. When sufficiently advanced, it should fade into the background and feel like nothing.”
Nothing – Business Model
According to Nothing co-founder Carl Pei, initially, the company will not foray into selling software, and will just focus on selling hardware. However, as indicated by Carl, in the future Nothing may sell software products as well.
Many consumer electronics brands use similar components. Thus, the products of these companies look similar. ‘Nothing’ is using custom-made components for making its products, which will surely help the company stand out from its competitors.
Tony Fadell, Casey Neistat, Kevin Lin, and Steve Huffman.
Nothing – Acquisitions and Partnerships
Acquiree Name
About Acquiree
Date
Amount
Essential
Essential is a mobile and home devices company focused on creating consumer technology products for the 21st century.
Feb 15, 2021
–
Besides, acquiring Essential, Nothing has partnered with Swedish consumer electronics company Teenage Engineering. Nothing announced Teenage Engineering as its founding partner. The CEO of Teenage Engineering, Jesper Kouthoofd, has been appointed Nothing’s creative lead. Tom Howard, the Vice Head of Design, Teenage Engineering, is operating as the Head of design at Nothing.
Pei said in a statement:
“I’m really excited to welcome Teenage Engineering to the growing Nothing family. They consist of some of the best designers and creatives that I’ve had the pleasure of working with. Together, we’ve created a product roadmap that’s unique and true to Nothing’s vision.”
In the future, Nothing plans to come up with more consumer electronics products under different categories, thus building an ecosystem of devices. The brand’s vision is congruent with the brand name and wants to make technology so natural that it resembles ‘ nothing’.
As Pei says, “I kind of envision a grass field with people having a picnic and there’s no screen, there’s no laptop screen, there’s no phone screen, there’s no smartwatch screen, there’s no billboard screen,” That’s the end state that Nothing aims to achieve.
Nothing – FAQs
What does Nothing do?
Nothing is a new consumer technology business based in London that aspires to eliminate barriers between technology and people to create a frictionless digital future.
Which country is Nothing based in?
Nothing is a new consumer technology business based in London.
Who founded Nothing?
Nothing was founded by Carl Pei in October 2020.
What’s the first product of Nothing?
Nothing’s first product is ear(1), a set of wireless earbuds that can be purchased from Flipkart.
