TCS plans new organisational structure

The country's largest software exporter Tata Consultancy Services has planned to reorganise its global operations, with an aim to cater to customers in a focused way and boost its revenue growth.

"As we scale up over 100,000 employees, TCS needs a structure that allows us to build a nimble organisation to capture new growth opportunities," TCS CEO and Managing Director S Ramadorai said.

Besides, this would also help the company in providing customers a clear and better understanding of TCS's project delivery, TCS said in a filing to the Bombay Stock Exchange.

As part of the reorganisation plan the company has constituted a new unit for its BPO segment, in addition to TCS Financial Solutions and the Small & Medium Business Solutions.

These three businesses would operate as independent units and help in leveraging sales and customer relationships, the company said adding that, the new structure would lead to non-linear revenue growth.

"This will create a framework that is scalable for growth across markets and provide focus on strategic initiatives like asset leveraged solutions, platform-based BPO as well other new initiatives," he added.

Shares of the company were trading at Rs 869, down 3.79 per cent in the afternoon trade on the BSE.