TCS Recognized for the Creation and Commercialization of Intellectual Property and for Boosting Creativity and Innovation in India
NEW DELHI | MUMBAI, April 26, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, has won the prestigious National Intellectual Property Award 2019 in the category ‘Top Public Limited Company/ Private Limited Company for Patents & Commercialization in India’ and the World Intellectual Property Organization’s (WIPO’s) IP Enterprise Trophy.
The Indian Intellectual Property Office confers the National Intellectual Property Awards to recognize individuals and enterprises for their creation and commercialization of intellectual property (IP), contributing to the country’s intellectual capital and creating an IP ecosystem that boosts creativity and innovation.
TCS has always been at the forefront of innovation with its deep market insights and contextual knowledge aimed at helping customers in their growth and transformation journeys. It has built a strong patent portfolio that forms the essential backbone to create best in class software across many industries. TCS has registered 844 trademarks, filed 4,596 patents and has been granted 946 patents till date.
“We have harmonized our IP focus with our Business 4.0™ vision by developing the IP 4.0 framework encompassing Creation, Protection, Assetization, and Commercialization of TCS IP with a program to responsively deliver the output and outcome with long term sustenance and structured governance,” said Dr Santosh Mohanty, Head, Components Engineering Group, TCS. “This recognition from the Indian IP Office and WIPO will encourage innovators within TCS to redouble their efforts and excel further.”
Ramesh Abhishek, Hon’ble Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Govt. of India, presented both the awards to TCS at a function organized by the Indian Intellectual Property Office and Confederation of Indian Industry on the occasion of World IP Day on April 26, 2019 in New Delhi.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 424,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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