New Delhi, 7/5: Tata Consultancy Services plans to overhaul its organisational structure with specialised groups targeted to help startups as well as large global firms as Asia’s largest software outsourcing provider gears up to double its revenues to Rs 3,84,620 crore before 2030, according to people familiar.
The Mumbai-based company will create four internal teams — a business transformation group, incubation group, enterprise growth and another aimed at new business models, according to people familiar who didn’t want to be identified as the details are private. TCS is expected to present this proposed new structure at its board meeting this week, said one of the people.
The rejig is aimed at aligning TCS, India’s second-largest company by market value, with the changing needs of its clients who are increasingly looking to digitise in the post-Covid-19 world and the boom in startups. India’s IT services sector has been on a roll, buoyed by the pandemic-induced rush among enterprises to transform into work-from-anywhere, digital businesses, boosting growth and making it a $227 billion industry by end of March.