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Several engineering feats, key milestones;

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Chairman's Message


S. Padmanabhan

"We have also enhanced our service portfolio to offer services in digitalisation and IIoT which can create new opportunities in the advanced economies."

Dear Stakeholders,

This is a very special year for all of us as we mark the 150th anniversary of the Tata group. The group’s approach towards building a pioneering and socially responsible business enterprise has not just contributed to its longevity but also towards building the Tata brand, which is trusted by millions. The significant trust that we enjoy from our stakeholders stands testimony to this and Tata Consulting Engineers (TCE) is indeed proud to be part of this unique and inspiring 150-year heritage.

STRATEGIC FOCUS AND ACHIEVEMENTS

During the last financial year, we aligned the three pillars of customer centricity, collaboration and capital management. Concentrating on customer-driven markets and aligning service models suited to customer requirements, we stayed focused on demand-driven markets to leverage opportunities in sectors and regions with capital investment. We also customised services and delivery models according to the unique needs of our international customers. This ensured a steady revenue stream and bolstered our top line growth. Taking a collaborative approach, we partnered with Korean EPC players to expand our footprint in the energy industry. We also tied up with consortium partners for business in the infrastructure industry to grow in the urban development sub-sector. This helped to retain and grow market share in the power industry globally and make inroads in the smart city development space within the urban development sub-sector. Our efforts to build efficiencies in working capital and human capital management helped secure our bottom line.

Process re-engineering through Rhythm 2.0 initiatives helped increase productivity and efficient capital utilisation.

PERFORMANCE OVERVIEW & OUTLOOK

With sustained efforts to improve top line and bottom line, I am pleased to report that we posted a healthy revenue growth. Our gross turnover was at B649 crore, an increase of 11.88% over the previous year. Profit before taxes was B73 crore posting a growth of 34% over the previous year.

 

12%
increase in gross revenue over the previous year

Major contributions to our revenues arise from the Middle Eastern, African and Asian markets. With a good investment climate and stable capital markets, we expect the outlook to remain positive in the emerging and developing markets. We have also enhanced our service portfolio to offer services in digitalisation and IIoT which can create new opportunities in the advanced economies.

The current situation calls for a new approach to the engineering consulting business. We are focused on retraining and upgrading skills of our engineering talent to meet the challenges of the new economy with increasing emphasis on digital engineering services.

ECOFIRST SERVICES

Our subsidiary, Ecofirst Services Ltd., is a boutique engineering services company offering services in the built environment. It is in the 10th year of operations and growing steadily. Even amid adverse tidings in the real estate sector, Ecofirst Services posted good y-o-y growth in income from operations, of 34%. It's performance is based on the positioning of services in sustainability solutions and integrated design solutions. Group synergies, positive economic developments and benefits of leveraging multi-location presence combined with brand value of the parent organisation has resulted in great potential for Ecofirst and it is poised for expansion in relevant markets.

CORPORATE GOVERNANCE

FY 2017-18 witnessed the strengthening of internal processes and systems. During the reporting period, our focus remained on continuous improvement in governance controls and risk management. All our Board members were actively engaged in various aspect of our development. In FY 2017-18, Ms. Neera Saggi retired with effect from 12th February 2018. I thank her for adding value to the functioning of the Board and its various committees.

CORPORATE SOCIAL RESPONSIBILITY

Upholding the Tata values of giving back to society, we leveraged our unique skills to benefit society. Our initiatives in the realms of education, health and hygiene, sustainable livelihoods and infrastructure ensured consistent, positive impact. Our flagship programmes are currently being scaled to bring more beneficiaries under the fold and further enhance the effects.

OUTLOOK

Even as the macro economic climate poses challenges, we have put in place strategic initiatives to ensure a steady stream of business from our capital investment projects. We also expect our revenue investment projects such as asset lifecycle management, digitalisation and industry 4.0 solutions to add to our development. Going forward, we will focus on nurturing and developing talent. This, combined with improved knowledge management will help us retain our edge as a top-notch engineering consultant.

Tata group’s 150 years has witnessed the evolution of its companies as global leaders in their businesses. We have been an integral part of the remarkable growth story of the group, providing engineering expertise to several of the Tata group companies. I would like to thank our employees, our customers and partners for being with us through our journey.

Sincerely yours,
S. Padmanabhan

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Colours of Tata - TCE Anthem

Announcements

S Padmanabhan takes over from Prasad Menon as Chairman, Tata Consulting Engineers

Tata Consulting Engineers Limited has been honoured with the Star Performer Award for Engineering Services under Large Enterprise Category at the 46th EEPC Award

TCE wins the Bentley 2015 Be Inspired award for "Innovation in Land Development". The award was presented at an event held in the UK.

Tata Consulting Engineers was presented with the Star Performer Award for export excellence at the 45th EEPC India Award function held in Mumbai on 22 January 2014.

Tata Consulting Engineers. Honoured with "Best Consultant Award for TCE"

 

S Padmanabhan takes over from Prasad Menon as Chairman, Tata Consulting Engineers

Mr S Padmanabhan has taken over as Chairman, Tata Consulting Engineers Ltd with effect from 23 Jan 2016. He succeeds Mr Prasad Menon who retires after a distinguished stint on the board of Tata Consulting Engineers Ltd.

 

Tata Consulting Engineers. Honoured with "Best Consultant"

Tata Consulting Engineers. Honoured with "Best Consultant" Award instituted by the Council of Power Utilities at the 6th India Power Awards 2013 ceremony held at Taj Krishna, Hyderabad on Friday, November 22, 2013. Chief Minister of Andhra Pradesh, Mr Kiran Kumar Reddy, was the Chief Guest.

Businesses

Infrastructure

Tata Consulting Engineers has successfully managed complex engineering projects across the infrastructure spectrum.


Power

The Power Business of Tata Consulting Engineers is a leader in energy engineering solutions.

Nuclear

Tata Consulting Engineers' Nuclear Energy business is part of the country's nuclear power program right from its very beginning.

Chemicals

Our innovative chemical process engineering translates to smart business solutions for our customers.

Steel Metal and Mining

Our focus areas include raw material handling system, coke oven, sinter plant, blast furnace, direct reduction etc.

 
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