IT major, Tata Consultancy Services (TCS), has signed a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC) to accelerate the development of India’s sovereign cloud ecosystem.
C-DAC, the R&D body under the Ministry of Electronics and Information Technology (MeitY), will work with TCS to integrate indigenous technologies into TCS’ sovereign cloud stack. This will enable secure hosting of critical government applications such as e-Sanjeevani, Dial 112, and workloads from central ministries.
The partnership is designed to ensure strict data protection, while enhancing adoption across sectors including healthcare, defence, smart cities, and BFSI.
Reducing reliance on global hyperscalers
The partnership reflects a strategic push to reduce dependence on global cloud giants by creating a robust, future-ready sovereign cloud ecosystem built on OpenStack and indigenous technologies. TCS and C-DAC plan to promote sovereign cloud platforms as the default choice for India’s digital transformation journey.
For nearly six decades, TCS has executed several nation-building programs, from enabling India’s stock exchanges and passport issuance systems to supporting health insurance and defence pensions.
Share price of TCS
The share price of TCS has seen a significant decline in the past few month, dropping 23.87 per cent so far this year.
TCS Q1FY26
In its Q1 earnings, Tata Consultancy Services (TCS) announced that its total contract value (TCV) stood at $9.4 billion, marking a 13.2% year-on-year growth. The company’s net revenue came in at Rs 63,437 crore (Rs 634,370 million), up 1.3 per cent YoY.
TCS’ order book remained strong with a TCV of $9.4 billion, of which North America contributed $4.4 billion, BFSI $2.5 billion, and the consumer business $1.6 billion.
Net profit rose 6 per cent YoY to Rs 12,760 crore, reflecting steady demand across key sectors.