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A STUDY on CASH FLOW STATEMENT of TCS- Ion ” Submitted in Partial Fulfillment of the Requirements for Award of the Degree of B.B.A

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A STUDY on CASH FLOW STATEMENT of TCS- Ion ” Submitted in Partial Fulfillment of the Requirements for Award of the Degree of B.B.A A STUDY ON CASH FLOW STATEMENT OF TCS- ION Company A project report submitted to the Punjab Technical University in partial fulfillment of the requirements for the award of the degree of Bachelor of Commerce (Professional) (2013-2016) Under the Guidance of Submitted By Prof. (Department of Management Studies) B.com (P) 1328956 DAV College, BATHINDA (Affiliated to PunjabI University, PATIALA) Page | 1 TABLE OF CONTENTS S.NO NAME OF TOPIC PAGE NO. CERTIFICATE DECLARATION ACKNOWLEDGEMENT EXECUTIVE SUMMARY CHAPTER-1 COMPANY PROFILE CHAPTER-2 INTRODUCTION TO TOPIC CHAPTER-3 REVIEW OF LITERATURE CHAPTER-4 RESEARCH METHODOLOGY -RESEARCH OBJECTIVES -SCOPE OF STUDY -IMPORTANCE OF STUDY -LIMITATIONS OF STUDY CHAPTER-5 DATA ANALYSIS & INTERPRETATION CHAPTER-6 FINDINGS & CONCLUSION CHAPTER-7 RECOMMENDATION/ SUGGESTION CHAPTER-8 BIBLIOGRAPHY Page | 2 DECLARATION I hereby declare that the project entitled “A STUDY ON CASH FLOW STATEMENT OF TCS- iON ” Submitted in partial fulfillment of the requirements for award of the degree of B.B.A. at DAV College Bathinda, Affiliated to Punjabi University, Patiala is an authentic work and has not been submitted to any other University/Institute for award of any degree/diploma. Name- Page | 3 ACKNOWLEDGEMENT Firstly I would like to express our immense gratitude towards our institution DAV College Bathinda, which created a great platform to attain profound technical skills in the field of B.com(P) thereby fulfilling our most cherished goal. I would thank all the finance department of “TCS- iON“ specially Mr. Aman Kumar, and the employees in the finance department for guiding me and helping me in successful completion of the project. I will also specifically thank to Prof., Department, Head, Dav college Bathinda for the (Internal Guide) for extending his cooperation in doing this project. I shall be failing in my duty if I do not acknowledge the affection, assistance, blessings an moral support given to me by my family, specially my father who encouraged me and instilled me the self belief and never to say die attitude. Last but not the least, I will like to thank God for blessing me and giving me such a wonderful opportunity. Page | 4 CHAPTER-1 COMPANY PROFILE Page | 5 TATA Consultancy Service Type Public Traded as BSE: 532540 NSE: TCS BSE SENSEX Constituent CNX Nifty Constituent Industry IT services, IT consulting Founded 1968 Founder J.R.D Tata Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people N Chandrasekaran (CEO & MD) Services IT, business consulting and outsourcing services Revenue US$ 15.5 billion (2015) Operating income US$ 3.7 billion (2015) Profit US$ 3.5 billion (2015) Total assets US$ 54.58 billion (2015) Total equity US$ 84.35 billion (2015 Number of 335,620 (August 2015) Page | 6 employees Parent Tata Group Subsidiaries iON Limited, TCS China, TRDDC, Computational Research Laboratories Slogan Experience certainty Website www.tcs.com Tata Consultancy Services Limited (TCS)is an Indian multinational information technology (IT) service, consulting and business solutions company head quartered in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and operates in 46 countries.TCS is one of the largest Indian companies by market capitalization ($80 billion). TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide. In 2015, TCS is ranked 64th overall in the Forbes World's Most Page | 7 Innovative Companies ranking, making it both the highest-ranked IT services company and the first Indian company. It is the world's 10th largest IT services provider, measured by the revenues. History: 2000 to present On 25 August 2004, TCS became a publicly listed company. In 2005, TCS became the first India-based IT services company to enter the bioinformatics market. In 2006, TCS designed an ERP system for the Indian Railway Catering and Tourism Corporation. In 2008, TCS's e-business activities were generating over US$500 million in annual revenues. In 2008, TCS undertook an internal restructuring exercise which aimed to increase the company's ability. TCS entered the small and medium enterprises market for the first time in 2011, with cloud-based offerings. On the last trading day of 2001 TCS overtook RIL to achieve the highest market capitalization of any India-based company. In the 2011/12 fiscal year, TCS achieved annual revenues of over US$10 billion for the first time. In May 2013, TCS was awarded a six-year contract worth over ₹ 1100 crores to provide services to the Indian Department of Posts. In 2013, TCS moved from the 13th position to 10th position in the League of top 10 global IT services companies In July 2014, TCS became the first Indian company to cross the Rs 5 lakh crores mark in market capitalization. In Jan 2015, TCS ends RIL's 23-year run as most profitable firm. Products and services: TCS and its 67 subsidiaries provide a wide range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and Page | 8 technology education services. Its established software products are TCS Banks and TCS Master Craft. Service lines: TCS' services are currently organized into the following service lines (percentage of total TCS revenues in the 2012-13 fiscal year generated by each respective service line is shown in parentheses): Application development and maintenance (43.80%) value; Asset leverage solutions (2.70%); Assurance services (7.70%); Business process outsourcing (12.50%); Consulting (2.00%); Engineering and Industrial services (4.60%); Enterprise solutions (15.20%); and IT infrastructure services (11.50%). Operations: TCS have 230 offices across 46 countries and 147 delivery centers in 21 countries.At the same date TCS had a total of 58 subsidiary companies. Locations: TCS has operations in the following locations: India: Ahmedabad, Bangalore, Baroda, Bhubaneswar, Chennai, Coimbatore, Patna, Delhi, Gandhina gar, Goa, Gurgaon,Guwahati, Hyderabad, Bhopal , Indore, Jamshedpur, Kochi, Kolkata, Lucknow , Kalyanpur, Mumbai, Nagpur, Noida, Puneand siliguri, Trivandrum Africa: South Africa, Morocco Asia Page | 9 (excludingIndia): Bahrain, China, Israel, UAE, Hon g kong, Indonesia, Japan, Malaysia, Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, Qatar Australia: Australia Europe: Belgium, Denmark, Finland, France, Germany, Hungary, Iceland, Republic of Ireland, Italy, Luxembourg,Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and United Kingdom. North America: Canada, Mexico and United States. South America: Argentina, Brazil, Chile, Colombia, Ecuador, Peru and Uruguay. Tata Research Development and Design Centre: TCS established the first software research centre in India, the Tata Research Development and Design Centre, in Pune, India in 1981. TRDDC undertakes research in Software engineering, Process engineering and systems research. Research at TRDDC has also resulted in the development of Sujal, a low-cost water purifier that can be manufactured using locally available resources. TCS deployed thousands of these filters in the Indian Ocean Tsunami disaster of 2004 as part of its relief activities. This product has been marketed in India as Tata swach, a low cost water purifier. Innovation Labs: In 2007, TCS launched its co-innovation network, a network of innovation labs, start up alliances, university research departments, and venture capitalists. In addition, TCS has 19 innovation labs based in three countries.TCS' partners include Collabnet, Cassatt, academic institutions such as IITs, Stanford, MIT, Carnegie Mellon and venture capitalists like Sequoia and Kleiner Perkins. Employees: TCS is one of the largest private sector employers in India, and the second-largest employer among listed Indian companies (after Coal India Limited). TCS had a total of over 335,620 employees as of October 2015, of which 31% were women. The number of non-Indian nationals was 21,282 as at March 31, 2013 (7.7%).The employee costs for the FY 2012-13 were US$4.38 billion, which was approx. 38% of the total revenue of the company for Page | 10 that period. In the fiscal year 2012-13, TCS recruited a total of 69,728 new staff, of whom 59,276 were based in India and 10,452 were based in the rest of the world. In the same period, the rate of attrition was 10.6%. The average age of a TCS employee is 28 years. The employee utilisation rate, excluding trainees, for the FY 2012-13 was 82%. TCS was the fifth-largest United States visa recipient in 2008 (after Infosys, CTS, Wipro and Mahindra Satyam).In 2012, the Tata group companies, including TCS, were the second largest recipient of H-1B visas. Subramaniam Ramadorai, former CEO of TCS, has written an autobiographical book about his experiences in the company called The TCS Story...and beyond. As of June 2014, TCS has over 300,000 employees. It is world's third largest IT employer behind IBM and HP.. Class action lawsuit: On 14 February 2006, U.S. law firm LieffCabraserHeimann& Bernstein, LLP filed a nationwide class action lawsuit against Tata. In July 2013, judge Claudia Wilken of the U.S. District Court, Northern District of California in Oakland, California, granted final approval to the settlement of the lawsuit on behalf of all non-U.S. citizens employed by TCS within the state of California from 14 February 2002 to 30 June 2005. The workers claimed that they were forced to sign over their federal and state tax refunds
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