TCS eyeing $1 bn from small Indian establishments
May 18th, 2011 - 8:56 pm ICT by IANSKolkata, May 18 (IANS) IT major Tata Consultancy Services (TCS), which recently launched iON - a fully integrated IT solution for small and medium businesses (SMBs) - is eyeing $1 billion revenue from the product in India in the next five years, a top company executive said Wednesday.
“We are eyeing one billion dollars business from iON in the country in the next five years,” Venguswamy Ramaswamy, Global Head-iON, TCS, told reporters on the product’s of launch in West Bengal.
iON addresses the entire spectrum of an SMB’s technology needs, which range from business solutions like human resource, finance, inventory and sophisticated domain-based Enterprise Resource Planning (ERP) solutions, he said and stated that the customer base of the new product was mainly the manufacturing, education, retail sector and wellness segments.
“iON, developed to deliver IT in the third generation service model to SMBs, was launched January 15. Currently we have 250 customers across India. We expect that our customer base will be 1,000 this year,” Ramaswamy said.
TCS has already launched the product in Tamil Nadu, Karnataka and Maharashtra and expects to garner about 20 to 25 percent of the customer from the east, he added.
- TCS arm targets $1 bn revenue by 2015 - Aug 19, 2011
- TCS launches cloud-computing solution for SMBs - Mar 15, 2011
- TCS unveils cloud-computing solution in Karnataka - Mar 12, 2011
- TCS launches IT solution for SMBs in Rajasthan - May 06, 2011
- Ramco Systems launches enterprise software - Jun 15, 2011
- TCS sees robust demand for IT outsourcing in new fiscal - Mar 07, 2011
- World chess champ Anand launches Ramco OnDemand ERP 2.0 in Delhi - Sep 09, 2010
- Aditya Birla Minacs to market Epicor's ERP solutions - Jun 14, 2011
- Netmagic ropes in vendors to service small, medium units - Dec 10, 2008
- Google India launches new tool for SMBs - Jun 01, 2011
- Indian IT firm Ramco enters Bangladesh market - Dec 13, 2010
- Google offers free advertising to small Indian businesses - Feb 18, 2010
- Sonata Software forms joint venture in Qatar - Dec 21, 2011
- Netmagic ties up with three SAP partners - Mar 13, 2009
- Openbravo aims four-fold growth - Feb 16, 2011
Tags: company executive, customer base, enterprise resource, establishments, generation service, global head, karnataka, launch, maharashtra, manufacturing education, medium businesses, next five years, one billion dollars, retail sector, service model, smb, tata consultancy services, tata consultancy services tcs, third generation, west bengal