Work From Home Ends At TCS? 5 Lakh TCS Employees Will Start Working From Office From This Date
After nearly two years of disruption due to the pandemic and ensuing lockdowns, now many companies are on their way to end work-from-home norms as Covid-19 threat recedes with increased vaccinations and a low daily count of fresh cases.
TCS Employees Office Return Call
Same is confirmed by TCS CEO, Rajesh Gopinathan, when he said that the company plans to call 70-80% of its workforce to work from office by end of the current calendar year or early next year based on how the impending third wave of the pandemic turns out, while talking with a newspaper.
If things go as per planned then TCS might set the trend for IT industry which quickly adopted the work from home culture in a matter of weeks as the pandemic took hold leading to localised and nationwide lockdowns.
Future Acquisition Plans
While talking about the acquisition plans, TCS with the market capitalization of nearly $195 billion has no plan to leverage the same in order to make large acquisitions as it is wary of current valuations.
The report said that India’s largest IT firm plans to acquire companies that could give it more “capability access”,.
According to Gopinathan, his company is cash conservative with respect to current market conditions despite high market cap.
Growth In TCS
When asked about Infosys outperforming TCS in growth terms, Gopinathan said that it does not worry him, since competition helps the company keep itself agile.
So far, the top IT firm contributes nearly 15% to the country’s $150 billion software exports and employs 10% of the country’s 4.6 million IT workers.
Coming to its share, it has seen a rally in share prices.
Further, the current market bull run led to its market capitalization hitting the Rs 13 lakh crore mark for the first time in August 2021.
After Reliance Industries, it is the second listed company in India and the first information technology (IT) company to cross the milestone.