- TCS was founded in 1968
- TCS has a workforce of over 590,000 employees spread across 55 countries and 202 service delivery centers across the world
TPG has invested $1 billion in Tata Consultancy Services, a Mumbai, India-based provider of IT services, consulting, and business solutions.
The investment will be used to support the growth of Tata’s AI data center business, HyperVault.
On the investment Jim Coulter, executive chairman of TPG and a managing partner of TPG Rise Climate, said in a statement, “We are excited to partner with TCS and are grateful for our long-standing partnership with the Tata Group, both who share our vision and commitment to innovation and sustainability. Data centers are a multifaceted asset class and sit at the intersection of green energy infrastructure, technology and real estate. We look forward to bringing TPG’s sectoral expertise across these asset classes and working together with TCS to drive India’s next wave of digital infrastructure innovation in a climate-positive manner and build a more resilient future for the country’s digital and data economy.”
TCS was advised by AZB & Partners as legal counsel, and Deloitte Touche Tohmatsu India LLP as tax advisors.
TPG was advised by Cyril Amarchand Mangaldas and Latham & Watkins LLP as legal counsel, and Price Waterhouse & Co. LLP as tax advisors.
TCS was founded in 1968.
TCS has a workforce of over 590,000 employees spread across 55 countries and 202 service delivery centers across the world.
