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Deal Maker of the Year Awards 2013 WINNER - KUMAR NARAYANAN
DEAL: Tata Consultancy Services acquires NAME: Kumar Narayanan COMPANY: Tata Consultancy Services POSITION: Director & Country Head, TCS France EMAIL: K.Kumaranarayanan@tcs.com WEBSITE: www.tcs.com
Executive Profile
Kumar Narayanan has been associated with TCS since 1994. As the country Head, Mr. Narayanan is in charge of defining and executing the strategy and managing operations for TCS in France. In this role, he increased the presence of TCS in France and he played a key role in the acquisition of Alti SA, a French IT services company with over 1000 employees in France.
He has played many management roles in TCS, including Country Manager for TCS Singapore for 3 years and previously served as Global Client Partner for one of TCS largest banking customers in the US for 5 years. He has successfully led many large and challenging engagements for customers in the airlines, banking and financial services sector and has built several strategic relationships with customers. Prior to joining TCS, Kumar worked in a courseware firm and he started his career in an oil production plant as a trainee-engineer.
Kumar is a graduate of mechanical engineering and holds a Master in Business Administration (MBA).
Firm Profile Tata Consultancy Services (TCS) is a global IT services firm which registered revenues of $11.6
billion at the close of FY 2013 and has 285,250 consultants in 44 countries. A “Big 4” brand in IT services with a total brand value of over $5 billion, TCS has had an established presence in Europe since 1975. The company currently has 350+ active clients in Europe across 21 countries, including 44 of FT Europe 100 as well as several CAC40 and DAX30 companies. TCS is part of the $100 billion Tata Group, India’s largest business conglomerate which has over 100 operating companies across 7 industry sectors in 85 countries. Tata investments in Europe include the acquisition of Diligenta and Alti by TCS, Tetley by Tata Global Beverages, Corus by Tata Steel and Jaguar Land Rover by Tata Motors.
Present in France since 1992, TCS works for French clients such as BNP Paribas, Société Générale, Europcar, Carrefour and Kingfisher. The company has consistently made strategic investments in France by ramping up its staff and operations, opening of a service center in Lille and the acquisition of the IT services firm Alti. In recognition of its efforts, TCS was conferred the Special Innovation Prize of Paris by Greater Paris Investment Agency (GPIA) in 2012. In Europe, TCS is rated as a Top Employer by the Netherlands-based CRF Institute. TCS is also the title sponsor of the TCS Amsterdam Marathon and the ‘Main Sponsor and Technology Partner’ of the Berlin Marathon.
DEAL OVERVIEW
Global IT services major Tata Consultancy Services acquired the French IT services firm Alti, considered a top 5 SAP integrator in France, in an all cash deal worth €75 million in July 2013.
Initially announced in April 2013, this acquisition catapulted TCS into the list of top IT services firms in France and increased its employee base in the country by 500%.
Alti, a profitable company in its own right, had revenues of €126 million in 2012 and 1200 employees on its rolls across France, Belgium and Switzerland. Prior to the acquisition, Alti was managed by its founders André Bensimon and Michel Hamou and private equity funds CM- CIC LBO Partners and IDI. Its key customers comprise several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors.
TCS sealed the deal with an official ceremony under the patronage of the French Minister for Economic Regeneration Arnaud Montebourg held at the Ministry’s honor hall on 23rd July 2013. Referring to TCS’ growth in France, Mr. Montebourg said: “The important investments made by TCS in its two sites in France (Île-de-France and Lille) since February 2013 are true testimonials to the capability of
FRANCE