Ashok Sethi, COO and ED, Tata Power
Tata Power, India’s largest integrated power company selects Tata Communications to launch its IoT based, asset-tracking, automation solution in Mumbai. Tata Power worked on a stateof-the-art IoT solution to create process efficiency in monitoring and harnessing insights from the data collected from an internal Geographical Information System (GIS). This solution also allows for various features like asset trace log on a periodic basis and Geo Fence breach alerts. It also allows for information to be converted into actionable insights in real-time which in turn will help drive operational efficiencies. Speaking on the side-lines of this launch, Ashok Sethi, COO and ED, Tata Power said, “We, at Tata Power, have always ensured that we are the lead adopters of technology. The asset tracking solution would enable Tata Power to improve its operational efficiency through tracking real time movement of assets.” VS Shridhar, senior vice president and head, IoT, Tata Communications, said, “The Internet of Things is changing the way we look at everyday life. Access agnostic and interoperable devices, machine to machine communication and an intelligent set of appliances is changing the world order as we know it and we are pleased to be able to lead this from the front. Tata Communications has already lit the network for IoT across 38 cities in India and we plan to touch over 400 million customers in the first phase itself. It’s been an honour to work with Tata Power, shoulder-to-shoulder, in lighting up the asset tracking solution and adding momentum to this revolution in India.”
Hunan Rural Credit Union, China, transforms customer banking experience with TCS BaNCS
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organisation, announced that its flagship product TCS BaNCS has gone live in Hunan Rural Credit Union ( HNRCC) in Hunan Province located in Central China. This go-live expands TCS BaNCS’ footprint in China with three
other large credit unions that are already fully operational in addition to 20 other financial institutions including one of the largest banks in the country. HNRCC is the largest bank in the Hunan Province (4,207 branches) and consists of 126 legal credit unions, 6 million individual and cooperative customers, exceeding 120 million accounts. The modernization project which commenced in May 2015, was geared to achieve growth and profitability by consolidating its distributed and decentralized branch infrastructure, software and operations. Commenting on the momentous occasion, Zhang Zhijun, Chairman, Hunan Rural Credit Cooperative Union, said “Our vision to drive innovation and growth has been jump-started by this implementation of TCS BaNCS. The platform functionality is robust and is totally adaptable, especially to our complex credit cooperative domestic banking requirements. With a proven and extensive track record of customers in China, TCS demonstrated their delivery capability again with this golive, ahead of a pressing schedule.” Venkateshwaran Srinivasan, head, TCS Financial Solutions, said, “We are proud of this go-live at HNRCC. This is a big proof point of the robustness of our implementation methodology, the high degree of out-of-the-box readiness which TCS BaNCS brings to our customers and the inherent scalability of our solution. The ability to roll out new and innovative offerings at a faster clip, easier digital outreach to consumers and operational consolidation are just three of the key benefits this program delivers to HNRCC.”
Tata Power achieves highest gross power generation for February in 2018 at 4647million units
Tata Power, India’s largest integrated power company has registered the highest ever gross electricity generation of February 2018 at 4647million units. This increase in generation capacity marks the company’s preparedness to meet the spurt in demand as the economy gathers steam, as well as the approaching summer season. Tata Power has demonstrated a 3 percent increase in gross generation capacity when compared to the same month last year where it generated 4518million units. Tata Power along with its subsidiaries registered strong operational performances across its plants to achieve this remarkable feat. All of its power generation stations, including Trombay, Jojobera, Haldia, Maithon, IEL, CGPL, TPREL, WREL, Cennergi, ITPC, Dagachu, Hydro, and TPCL Wind witnessed higher availability. Commenting on this achievement, Anil Sardana, MD and CEO, Tata Power, said, “At Tata Power, we are committed to delivering value to our stakeholders and the nation at large. Our increased generation in the month of February 2018 is yet another testimony to the importance we place on driving operational efficiencies, thereby improving our performance on a year on year basis. We are confident that our efforts in implementing world class technologies and processes in this direction will benefit the company in the years to come and enable us to achieve better generation consistently.” Tata Power has been focusing on building a healthy energy mix within its portfolio as well as augmenting its operational processes to ensure a sustainable future for the company and the nation. In line with this commitment, Tata Power will continue to work towards ensuring its renewable business maintains its position of being India's largest renewable energy company, while also implementing cutting edge technologies to improve its operational efficiency.
TCS ranked as the fastest growing IT services brand in 2018
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, has been named as the fastest growing IT services brand in the world in an
assessment done by Brand Finance, the world’s leading brand valuation firm. According to Brand Finance IT Services 15 annual report for 2018, TCS now has a total brand value of US$10.391 billion – a growth of 14.4 percent from last year’s total of $9.081 billion, with an increase of $1.309 billion. The new value is the fastest incremental growth of all companies in the industry, and places TCS in the top three most valuable brands in the global IT services sector along with IBM and Accenture. This puts TCS in a unique group of businesses with a brand valuation over the $10 billion mark, and TCS’ new brand value means the company now contributes over 73 percent to the value of the larger Tata brand – valued at US $14.236 billion and ranked #104 in the world rankings. Brand Finance’s annual report analyses the brand value and brand strength of the 5000 largest brands across 38 sectors in the world in order to arrive at a list of the World’s most valuable brands. Brand Strength is derived by benchmarking brand related measures against competitors. Brand Strength is used to determine an appropriate stream of forecasted brand royalties, which is discounted to a net present value, the Brand Value. “Last year TCS achieved a significant milestone, being ranked as one of the world’s top three IT services brands for the first time ever,” said David Haigh, CEO at Brand Finance. “This year, the company has consolidated that position even further by adding more than $1.3 billion to its value, which is a huge achievement for the company and its new CEO, who completes his first year in office this month. TCS’ forward-thinking approach to digital technologies, its growing brand presence in its key markets, paired with its core values of customer service, employee development and re-skilling has seen its brand value grow exponentially – so much so that it’s now the fastest growing brand in the IT services industry.” Rajesh Gopinathan, CEO and managing director, TCS, said, “The growth we have demonstrated on brand leadership is a testament to our steadfast commitment to our clients, our people, and the communities we work in. The innermost core of our company values has always been our resolute focus on our clients and their success. We look forward to using the vast contextual knowledge we have built to further benefit our clients in their transformation journeys towards Business 4.0. As we refocus our company towards the new opportunities in the Business 4.0 era and mark the 50thyear of the founding of TCS, I am certain that each one of our 390,000 employees worldwide will take great pride in TCS’ brand leadership within the industry.” Over the past two years, TCS has strengthened its portfolio of global brand sponsorships by forging new partnerships in the United Kingdom, Sweden, India, Japan and Australia, adding to its existing premium partnerships, such as the TCS New York Marathon and the TCS Amsterdam Marathon among others. Over 3000 of its clients have participated at its running events in 2017. It has also augmented its brand presence at high level forums by being appointed as a Strategic Partner to the World Economic Forum and the European Business Summit and extended a range of its own branded properties including the TCS Summit, TCS Analyst Days and TCS Innovation Forum, which are run as global events across all its key markets. These have become major gatherings of C-Level business leaders across the world, boosting TCS’ brand at the boardroom and executive committee levels. TCS has also become a major exhibitor in the foremost industry forums ranging from the NRF and Sibos, to the Mobile World Congress. It has also strengthened its partnerships with major global academic institutes including recently with Cornell Tech and Carnegie Mellon University. Its global campaigns such as #DigitalEmpowers, which was launched at Davos to showcase the potential for digital technologies to become a force for good in the world, is part of several initiatives that have won over 50 awards for marketing, communications and branding excellence. Recently the company was recognised for its thought leadership by winning 8 accolades at the Corporate Content Awards in London.
Ashok Sethi, COO and ED, Tata Power
Anil Sardana, MD and CEO, Tata Power
Venkateshwaran Srinivasan, Head, TCS Financial Solutions