Tata Consultancy Services (TCS), India's largest software services firm announced that it will recruit 1,500 technology employees across the UK over the next year.
TCS is one of the UK's largest recruiters of IT talent. TCS has expanded almost four-fold organically in the UK over the last decade, making it one of the nation's largest providers of IT and IT-enabled services.
At the end of FY20, the company's revenue from the UK sector amounted to around GBP 2.7 billion.
The announcement followed Monday's meeting, where they addressed the company's pledge to continue investing in the UK economy, innovation, technology, and skills growth. The meeting was held in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, and Rajesh Gopinathan.
Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: "This development builds on the great work TCS is delivering to our UK customers. Our sustained investments have made TCS the preferred growth and transformation partner of our valued customers in the UK, allowing them to digitally transform their business for competitive growth."
Liz Truss, UK Secretary of State for International Trade, said: "India is the world's biggest democracy and a nation that shares our belief in free enterprise. Deeper trading ties will create opportunities for UK businesses that were simply not there as part of the EU, and set the stage for a much closer partnership with one of the economic powerhouses of the present and future, ensuring more investors like Tata Consultancy Services bring jobs and growth to the UK. We will be collaborating much more closely in the industries of tomorrow like science, tech, and green growth, so we can build back better and deliver an export-led, investment-led, jobs-led recovery from coronavirus."
The announcement draws on the rich 45-year history of TCS in the United Kingdom.
Through collaborating with some of the UK's leading companies in their development and innovation efforts and helping them exploit the potential of digital technology to launch new creative products and services, TCS has become an integral part of the UK economy's drive to stay internationally competitive.
TCS is a Top Employer, named among the Sunday Times Top 25 Best Big Companies to Work For, and the Sunday Times Top Graduate Recruiters, the company said.
Shares of the company were seen trading at Rs 3,205 up 0.91 or Rs 28. It reached an intra-day high of Rs 3,218 at 3.03 pm IST on NSE.