Tata Consultancy Services, globally referred to as TCS is India’s largest software and IT services company. A part of India’s largest multinational business Tata group, TCS has over 420,000 of the world’s best trained consultants in 50 countries across major continents.
Talking about their corporate social responsibility, TCS gives special attention to STEM (Science, Technology Engineering, and Mathematics) and rural education. In keeping with the philosophy of Tata Group, the company channelizes its best resources to improve literacy level and train the innovators and tech geniuses of tomorrow. Other areas of focus for social change include marine conservation, health and sanitation.
TCS invests in addressing the most pressing needs of the community through various CSR initiatives and programs focused on education, skilling, employment, and entrepreneurship, aligned with the UN Sustainable Development Goals (UN SDGs). With a focus on bridging gaps in access to opportunities, TCS also invests in social innovation and community projects targeted the poorest sections of society, and supports programs addressing basic health and wellness, water sanitation and hygiene, conservation, and disaster relief efforts.
In the FY 2021-22, Tata Consultancy Services had spent Rs 727 crores on corporate social responsibility which has gone up to Rs 783 crore in FY 2022-23.
CSR Policy of TCS in India
Tata Group Founder Jamsetji Tata’s words sum up the basic tenet of corporate social responsibility at the Tata companies: “In a free enterprise, the community is not just another stakeholder in our business, but it is in fact, the very purpose of its existence.” In line with this thought, TCS CSR programs are all about sustainable well-being.
Coming from the Tata Group legacy, which gives utmost respect to the community, environment and employees, TCS in India has a strong commitment to corporate social responsibility. A recent example of its concern for employees is how, when most other companies were either laying off their workforce or imposing salary cuts during the COVID-19 pandemic, this tech company announced a salary hike for its employees across all levels, making TCS the first IT firm in India to declare an increase in pay during the pandemic.
TCS’ community development programmes across the world include health and wellness, biodiversity, education, STEM, digital literacy and skill development. CSR of TCS also includes other activities like disaster management.
Talking about Corporate Social Responsibility, TCS mentions in its CSR policy that their ‘vision’ is to “Empower communities by connecting people to opportunities in the digital economy” and their ‘mission’ is to “Build equitable, sustainable, and inclusive pathways to opportunities for all – especially youth, women, and marginalized groups.”
The company also mentions that their major objectives to engage with communities include “Creation of employment, entrepreneurship and livelihood opportunities for youth and marginalized members of the community and development of 21st century skills through education and skilling.” They also aim to “Support basic health and wellness; water, sanitation, and hygiene need of communities- especially those that are marginalized.”
CSR Committee
The CSR committee comprises N Chandrasekaran (Chairman, Non-independent Non-Executive Director), O P Bhatt (Member, Independent, Non-Executive Director) and N G Subramaniam (Member, Non-Independent, Executive Director).