TCS Honored with CII Industrial IP Award 2020 for Best Patents Portfolio

Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting, and business solutions organization, has won the award for the Best Patents Portfolio in the Large Enterprises (Information and Communications Technology and Services) category at the Confederation of Indian Industry (CII) Industrial Intellectual Property (IP) Awards 2020. This is the fourth consecutive year that TCS has won this award.

The CII Industrial Intellectual Property Awards recognize organizations that foster a culture of IP and its commercialization, bring the achievements of enterprises into the public domain, help set up linkages with academic and research institutions in India and abroad, inform the Government about IP-driven enterprisesto engage with in policy making exercises. The jury for these awards was chaired by eminent scientist, Dr Raghunath Anand Mashelkar, and consisted of leading academicians, consultants and experts with established credentials in the field of IPR from India.

TCS has built a culture of innovation and has made sustained investments in picking up promising new ideas from across the organization and developing them into prototypes, resulting in an industry-leading portfolio of intellectual property and a differentiated positioning as the preferred transformation partner to leading enterprises across the world.

Additionally, it has put in place robust processes and supporting structures to manage and scale up the development of intellectual property to harness the power of digital technologies and build innovative solutions that provide competitive differentiation and strategic value to its customers. TCS has filed 5,500 patent applications and has been granted 1,593 patents, as of September 30, 2020.

"It is a great honor for TCS to receive the CII Industrial IP Award 2020. This is a recognition of our commitment towards creating intellectual property for business impact, economic growth and digital transformation in India and globally," said K Ananth Krishnan, CTO, TCS.

"In today's competitive business environment, patents have become vital to protect and safeguard technological innovations. Our award-winning IP4.0 framework has helped drive our visionary innovation model to accommodate specific market and customer needs and connect the germinated ideas to offerings that can be taken to the market to create differentiated products and accelerate our customers' growth and transformation journeys," said Dr Santosh Mohanty, Global Head, Components Engineering Group, TCS.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2870 as compared to the previous close of Rs. 2818.75. The total number of shares traded during the day was 90096 in over 6040 trades.

The stock hit an intraday high of Rs. 2883.1 and intraday low of 2819. The net turnover during the day was Rs. 256721204.

Source : Equity Bulls

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