TCS plans to expand its European operations with multiple new research centres

Tata Consultancy Services (TCS), an Indian multinational information technology services and consulting firm, plans to expand its European operations with numerous new research centres, according to its technology chief.

Europe accounted for around one-third of the company's yearly sales in 2022 of $25.7 billion in the previous fiscal year and is one of its fastest-growing markets, and the new centres will help provide more options to its European customers.

Last year, TCS opened its first co-innovation and advanced research centre in Amsterdam to help customers integrate newer technologies such as 5G and electric cars.

"There will be many more such facilities that we will be looking at over the next few years," said Chief Technology Officer K Ananth Krishnan.

TCS is in discussions with telecom firms around Europe about the implementation of innovative technologies such as private 5G networks. In addition, the business is working with customers on technologies that will enable owners of electric car fleets to charge at night when electricity prices are lower and sell back surplus capacity to the grid during peak hours at higher prices.

"We were brainstorming with the CEOs of firms that operate large fleets of vehicles," Krishnan said, pointing to the likes of logistics companies seeking to switch to electric delivery vans.

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