TCS to take on global players with new product

MUMBAI, OCT 12: Tata Consultancy Services (TCS), the largest independent software house in Asia, has launched a development tool built on...

MUMBAI, OCT 12: Tata Consultancy Services (TCS), the largest independent software house in Asia, has launched a development tool built on its extensive experience in undertaking projects. Called MasterCraft, it is aimed at increasing productivity in execution of large software projects. The tool is the first integrated software development solution in the world, TCS CEO S Ramadorai said at the launch on Monday.

The product will take on global leaders like Sterling Systems who have a leadership position in the software tools market, and is simultaneously being launched at Florida in the United States. It is the first such product from an Indian company and has taken over 80 person’s years of effort, said Mathai Joseph, executive director of Tata Research, Design & Development Centre, the research arm of TCS.

The world market for software development tools is estimated at $ 5 billion to $ 8 billion. And although, TCS would not comment on the revenue it is targeting from MasterCraft, Ramadorai said companies in this business were around $ 400 million.

Story continues below this ad

TCS has already bagged a $ 30 million project from an American client for MasterCraft. In the domestic market, it is executing a project for Unit Trust of India to link all its mutual fund schemes in association with McKinsey. Revenues will primarily come from three streams — licensing, consulting and training. The cost of an installation starts at $ 150,000.

Initially, TCS will be handling most of the implementation for projects using MasterCraft by itself. It has been using the product in-house for the past four years and has executed a number of projects like the National Depositories project in 5 months using the tool.

The tool operates on multiple technologies and has cross platform compatibility at hardware, operating system and database levels. Code can be generated in C++ and Java and can be used in IBM mainframes, Windows NT, Linux and Solaris platforms.

Nagaon, Dhubri, Himanta’s bid to arm people, Himanta Biswa Sarma, Himanta bid to arm people in Assam vulnerable areas, Assam vulnerable areas, Indian express news, current affairs

Himanta’s bid to arm people off to slow start: 266 applications, none accepted

India2 hr ago

Assam government's portal for indigenous citizens to seek arms licenses has received 266 applications. Most applications are from Muslim-majority districts, but 28 have been rejected and none have been accepted. Eligibility criteria include being an indigenous citizen, 21 years old, and residing in a vulnerable area. The government aims to protect those in sensitive areas, not arm young people.

View all shorts

Live Blog

PHOTOS