Synopsis:
TCS and C-DAC have partnered to develop India’s sovereign cloud ecosystem, integrating indigenous technologies to enhance security, compliance, and performance while supporting government services and reducing reliance on global providers.
During Friday’s trading session, shares of a part of the Tata Group and a global leader in IT services, consulting, and business solutions, are in focus on the stock exchanges, after signing an MoU with an entity of the Ministry of Electronics and Information Technology (MeitY) to strengthen India’s Sovereign Cloud Infrastructure.
At 11:44 a.m., the shares of Tata Consultancy Services Limited were trading in the green at Rs. 3,137.4 on BSE, up by around 0.4 percent, as against its previous closing price of Rs. 3,123.95, with a market cap of Rs. 11.35 lakh crores. The stock has delivered negative returns of over 30 percent in the last one year, but has gained by around 3 percent in the last one month.
What’s the News
According to the latest filings, Tata Consultancy Services Limited (TCS) has entered into a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC) to accelerate the development of India’s sovereign cloud infrastructure.
This partnership with C-DAC, a leading R&D institution under the Ministry of Electronics and Information Technology (MeitY), aims to develop and integrate homegrown innovations into TCS’s sovereign cloud stack.
The collaboration will enable the secure and compliant hosting of critical government applications such as e-Sanjeevani, Dial 112, and various central ministry workloads. It ensures strict data protection while facilitating faster enterprise adoption through enhancing security, compliance, and performance across key sectors like healthcare, defence, smart cities, and BFSI.
The partnership underscores a strategic vision to reduce dependency on global hyperscalers by building a robust, future-ready sovereign cloud infrastructure powered by OpenStack and indigenous technologies. Through joint initiatives and public sector engagement, TCS and C-DAC aim to establish sovereign cloud platforms as the preferred foundation for India’s digital advancement.
Financials & more
TCS reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 1.3 percent from Rs. 62,613 crores in Q1 FY25 to Rs. 63,437 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 12,105 crores to Rs. 12,819 crores, representing a slight rise of around 6 percent YoY.
Tata Consultancy Services Limited is engaged in providing IT services, consulting, and business solutions. It offers a consulting-led, cognitive-powered, integrated portfolio of IT, business, and engineering services and solutions through its unique Location-Independent Agile delivery model, widely recognised as a benchmark of excellence in software development. As of March 2025, Tata Sons Private Limited, the holding company, owned 71.74 percent of the company’s equity share capital.
Written by Shivani Singh
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