Page 15 - TCE Annual Report 2019-2020

Delivering Aspirations | Achieving Scale

Your company is aligning to the new business order Strong Financial Results
and new business lines and has also moved rapidly to TCE maintains a leadership position within the
adapt its IT systems and processes to the new normal Consulting Industry by promoting excellence, creating
enabling its employees to remain productive while value, seeking new and pioneering technologies, and
Working from Home. delivering for clients, despite market and economic
volatility. Your company achieved consolidated total
During these extraordinary times of COVID19,
your company has also been actively contributing revenue of Rs. 822 crore (for FY 2019-20) as against Rs.
positively to the social well-being of all its 730 crore (for FY 2018-19). The business acquisition
stakeholders and above all, to the common people for FY 2019-20 was Rs. 990 crore out of which
of India. The company has been a part of the group International was Rs. 490 crore, amounting to 49%
initiative on Emergency support for COVID19 of the total acquisition. On the strength of its strong
specific quarantine and ICU wards and facilities to be credentials, I am optimistic that your company will
developed for various state governments, hospitals scale newer heights.
or NGO’s/ Trust. This FY 2020-21, your company
prioritised the health and safety of its employees Into the Future - Cluster Approach & Strategy:
while keeping customers’ mission-critical systems After a detailed discussion on company’s strategy for
running under challenging circumstances. transforming its portfolio and setting the foundation
to achieve 2025 vision, your company has decided to
When we emerge out of this crisis, the world will
be a very different place. We are witnessing many reorganise into the following three clusters, focused
of those changes already. Cloud and a new class of on innovation and continued transformation to build
collaboration tools are helping people discover that upon its position as the leading engineering solutions
they can collaborate just as well while working from provider.
home, as they did in person in the pre-COVID19
era. We are already in a disruptive period driven 1. Infrastructure Cluster – Providing Engineering
by technological advances and digital innovation Services for Water & Environment, Urban
which will further accelerate post-COVID19 with the Infrastructure, Buildings & Facilities, Ports,
emergence of ‘low-touch’ economies’. This is very Transportation, Sustainability Services (via the
much evident in the engineering consulting business wholly-owned subsidiary M/s Ecofirst) and
as well, as most of TCE clients are embarking on their Project Management Services across sectors.
digital transformation journey. What makes digital
unique in plant and infrastructure space is its deep 2. Plant Engineering and Design Cluster
linkage with the core design of assets and the need - Providing Engineering Services for Oil &
for an integrated plant level approach. Your company, Gas, Petrochemicals, Chemicals, Food and
with its strong domain expertise, is already working Pharma, Geology & Mining, Ore Beneficiation,
with its customers and has created new digital Metal Extraction, Material Handling, Power
services offerings in tandem with customers’ changing Generation (Thermal, Renewable, Nuclear),
requirements. Transmission and Distribution, Energy Storage.
Your company is also focussing on offering
sustainability/climate change design and services 3. Digital Cluster – Providing Digital Services
across small and large industries. The company such as plant digitisation, asset information
believes that operationalising forward-looking modelling, digital handover, Industry 4.0
technologies and innovations will help it remain solutions and niche Product Engineering
the most admired Indian engineering consulting Solutions.
company.

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