Impact of Indian Multinationals: A Case Study of Tata Consultancy Services

Abstract

In today's era of globalisation, companies are going global by breaking geographic frontier at an enormous rate. Indian multinationals are also growing in numbers since post liberalisation and having numerous impact on the host and home country. Few examples of Indian Multinationals are Amtek Auto Ltd, Voltas Ltd, Tata Tea Ltd, Bharat Forge Ltd, Mahindra & Mahindra Ltd, Hindalco, Tata Steel, Videocon, Dr. Reddy's Labs, HPCL, Ranbaxy Labs, Sun Pharma, VSNL, etc.

India's internationalization thrust has been led by the software companies, which has put India on the global map. The three decade old information technology-business process outsourcing (IT-BPO) industry has had great impact on the Indian economy and society, more than any other sector within a short span of time. The industry has helped India transform from a rural and agriculture based economy to a knowledge based economy. India is now one of the biggest IT capitals in the modern world and has presence of all major players in the world IT sector. HCL, TCS, Wipro and Infosys are few household names of IT companies in India. Tata Consultancy Services (TCS) is an Information technology (IT) services, consulting and business solution company. The company is the largest software exporter of the country. As per NASSCOM report TCS is the country's top most IT Company continuously from the last seven years.

In this analysis various socio-economic impacts of the Indian MNCs with special reference to Tata Consultancy Services (TCS) is worked out.