Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has won the 2021 ASSOCHAM IP Excellence Award in the category IP In-House Team of the Year.
The ASSOCHAM IP Excellence Awards recognize and honor enterprises, institutions, and individuals for their pioneering efforts in facilitating innovations and creating a healthy intellectual property (IP) ecosystem in the country. This year the awards were presented in the presence of Shri Som Parkash, Minister of State for Commerce and Industry.
TCS has built a culture of innovation and has made sustained investments in picking up promising new ideas from across the organization and developing them into prototypes, resulting in an industry-leading portfolio of intellectual property and a differentiated positioning as the preferred transformation partner to leading enterprises across the world. Additionally, it has put in place robust processes and supporting structures to manage and scale up the development of intellectual property to harness the power of digital technologies and build innovative solutions that provide competitive differentiation and strategic value to its customers.
TCS' belief in building a robust intellectual capital is key to its expanding number of growth and transformation engagements where it helps customers embrace newer business models and drive new revenue streams. It has filed 6,169 patent applications and has been granted 2,100 patents, as of September 30, 2021.
TCS' intellectual property portfolio includes a comprehensive set of products and platforms that address enterprises' business and technology needs across industries. These include the TCS BaNCS™ suite for financial institutions, Algo Retail™ suite consisting of TCS Optumera™ and TCS Omnistore™, TCS ADD platform for the life sciences industry, TCS HOBS™ and the TwinX™ platforms for communications and media companies, ignio™ cognitive automation suite, Jile™ enterprise Agile planning and delivery tool, and TCS MasterCraft™ suite of intelligent automation products. This is supplemented by a large number of accelerators, frameworks and toolsets in areas like IoT, analytics and insights, cloud migration, cloud management, and enterprise application transformation.
"We are honored to receive the 2021 ASSOCHAM IP Excellence Award. This award is a reflection of our strong commitment to build an industry-leading IP portfolio, including accelerators, products and platforms, across a range of technologies and domains to help customers drive perpetual innovation and growth," said Dr Santosh Mohanty, Global Head, Components Engineering Group, TCS.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3611.30 as compared to the previous close of Rs. 3656.05. The total number of shares traded during the day was 330478 in over 49555 trades.
The stock hit an intraday high of Rs. 3671.00 and intraday low of 3608.40. The net turnover during the day was Rs. 1198621228.00.