This Indian IT firm is planning to boost its footprints in USA creating 1,200 new jobs in the region

This Indian IT firm is planning to boost its footprints in USA creating 1,200 new jobs in the region

by 5paisa Research Team Last Updated: Dec 11, 2022 - 12:42 am 10.3k Views
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TCS surges on planning to boost footprint in Illinois by creating 1,200 new jobs by end of 2024.

Tata Consultancy Services closed trading at Rs 3316.10, up by 110.10 points or 3.43% from its previous closing of Rs 3206.00 on the BSE.

The scrip opened at Rs 3262.00 and has touched a high and low of Rs 3341.25 and Rs 3253.60, respectively. So far 272390 shares were traded on the counter.

The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high of Rs 4045.50 and a 52-week low of Rs 2926.00.

Tata Consultancy Services (TCS) has planned to boost its footprint in Illinois by creating 1,200 new jobs by the end of 2024. This investment in the local economy is accompanied by a commitment to accelerate its STEM outreach efforts in local schools to cover 25% more students and teachers. More than 3,000 Illinoisans currently work for TCS – including 1,100 who were hired within the last five years. Naperville is home to one of the 30 TCS facilities in the U.S. where TCS employees help digitally transform and grow businesses that are cornerstones of the Illinois economy, such as United Airlines and Walgreens Boots Alliance.

TCS has been present in the US for more than 50 years. Nearly half of the Fortune 500 companies partner with TCS to digitally transform and grow their businesses. The company has hired 512 graduates of Illinois colleges and universities over the past five years, and it is the second-largest recruiter of IT services talent in the country. TCS’ investments in Illinois extend to health, wellness, and economic development.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.63% and 6.06% respectively.

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