Software products are booming: TCS COO

TCS, India’s largest IT services company, is charting a new course for itself that could lead to its becoming the country’s largest software product company, with revenues already surpassing the billion-dollar-mark.

Three years back, TCS created a new unit Digitate, a pure-play software products company, with its own HR rules, start-up culture, and different pay scales. Even as Digitate is on its way to touching the $100-million revenue mark, TCS’ other software products already generate over a billion dollars in revenues, TCS’ Chief Operating Officer, NG Subramaniam, told BusinessLine.

According to Subramaniam, TCS’ overall products business is way above billion dollars already, and the company could, one day, even list some of these product units on the stock exchange as independent firms.