New Delhi, Sept 24: Tata Consultancy Services (TCS), a major money spinner for Tata Sons, aims to increase revenues from product and product-related services to 30 per cent by the year 2002 from the current 8 per cent, a top TCS official said today.``We intend to add 10 more to our half a dozen products available now which would make TCS earn a significant portion of its revenues from product related services,'' TCS executive vice-president Phiroz Vandrevala told reporters here.
The software major with 11,500 employees clocked about Rs 1,700 crore turnover in the 1998-99 fiscal by offering services and products in over 52 countries.
The company has identified nine focus areas after restructuring itself on the lines of core businesses. They are banking, insurance, securities, manufacturing, healthcare, telecom, utilities, government, and leisure and tourism.
``We have marked out these areas on the basis of our domain expertise gained over years. But with internet blooming, we would have to retrain some of our employees on web technologies.''
The company is also considering for entering into joint ventures or to float separate companies for providing information technology-based solutions like call centres and ATM, ``We would like to continue to focus on the IT technology,'' Vandrewala said.
Considering the company is bullish on Internet, Vandrewala said all its products in the future would be web-based.
One of the products on display at the ongoing India InternetWorld'99 is the ``interactive television,'' condenamed `Hot TV.''
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.