Tata Consultancy Services was formed in 1968 as one of the first IT companies in India. Many of its early customers were national banks. Its history with the large enterprise financial sector from the early days of computers provided much experience in the financial services market.
In 2004, TCS became a publicly traded company. It has since become one of the largest and most profitable companies in India.
TCS is a subsidiary of Tata Sons, a major Indian holding company. Tata Sons owns shares in many large Indian companies. Some of the industries of these other companies include airlines, automotive, consumer goods, hotels and steel manufacturing.