Targeting on Small and Medium enterprises a very well known India’s largest software company Tata Consultancy Services (TCS) announced its ambitious iON cloud solution for the Small and Medium Scale Enterprises (SMEs) in the National Capital Region (NCR). It will also focus on firms in the revenue bracket of Rs. 10 crore (Rs. 100 million) to Rs. 500crore (Rs. 5 billion).
India’s Tata Consultancy Services has said it expects to generate $1bn (£619m) in revenue over the next five years from its small to medium enterprise clients. And It will also focus on firms in the revenue bracket of Rs. 10crore (Rs. 100 million) to Rs. 500crore (Rs. 5 billion). TCS now hosts the bookstore’s website, point of sales, back-end ERP and inventory management, among other things.
Commenting on TCS’ focus on the potential rich Indian SMEs, Venguswamy Ramaswamy TCS Global Head (iON) stated “About 60 per cent of SMEs in India still do not have an ICT infrastructure in place. The SME sector in India has a huge potential. And ‘iON’ as a solution is designed specifically to meet the needs of this segment.” “We currently have over 240 customers for iON and we would like to increase it to over 1,000 this year,” Ramaswamy said adding that TCS is targeting verticals like retail, textile, education, manufacturing, wellness and professional services.
The company believes that iON’s cloud-based services and pay-per-use business model is uniquely suited to SMEs in various developed and emerging markets.
Aman Munglani, research director, Gartner, says: “There are various versions of cloud computing services being offered in the market. TCS’ strategy will be keenly watched. It certainly helps have a large player backing an emerging concept.”
To tackle the issue of reach, TCS has opted for a channel network. It has already signed up 80 partners who are trained and certified by TCS on its new offering.
According to Reuters, chief executive officer N. Chandrasekaran told journalists in a conference call that TCS aims to increase the number of its SME clients from 130 to 1,000 over the next 12 months