FY15 Will Bring Greater Growth Opportunities: TCS


"The ongoing investment of the company in these recent trends will enable us to play an impactful role in the technology revolution," Mistry said.

TCS considers countries like Latin America, Middle East, and Asia-Pacific region as the growth markets for it, he said.

On the inorganic growth prospects of the company, Mistry said acquisitions will depend on independent requirements in new geographies, adding that Alti SA acquisition will help the company expand significantly in France.

In April last year TCS announced acquisition of France- based enterprise solutions provider Alti SA for 75 million euros (about Rs 533 crore at that time) in an all-cash deal to help transform TCS into a major player in France -- the third-largest IT services market in Europe.

Mistry informed shareholders that TCS board recommended a final dividend of Rs 20 per share taking total dividend for FY14 to Rs 32 per share (Rs 22 last year).

Mistry, who is also Chairman of the over $100-billion Tata Group, said the company is looking into the appointment of a woman director on its board.

On appointment of woman director, he said: "The nomination committee is looking into the appointment of a lady director."

The Companies Act, 2013, which came into effect in April, 2014, prescribes that every listed firm and every public company with a paid-up share capital of Rs 100 crore and above or turnover of Rs 300 crore and above should appoint at least one woman director.

READ MORE: Narayana Murthy To Launch E-commerce Portal With Amazon and Google Drive For Work To Give Users Unlimited Storage

Source: PTI